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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

DIEZ reports 5% rise in revenue

The company logged a 34% surge in overall EBITDA.
By TRENDS Desk
August 24, 2023 8:35 am
  • The organization also achieved a 10% growth in revenue from leasing operations, a 36% growth in revenue from government services
  • DIEZ’s three economic zones, the Dubai Airport Free Zone DAFZ, Dubai Silicon Oasis and Dubai CommerCity achieved a combined 17% growth

Dubai, UAE – The Dubai Integrated Economic Zones Authority (DIEZ) reported a 5% year-on-year increase in total revenue and a 34% surge in overall EBITDA in the first half of 2023.

The organization also achieved a 10% growth in revenue from leasing operations, a 36% growth in revenue from government services and a 39% growth in licensing revenues in the initial half of the year compared to the same period last year.

DIEZ’s three economic zones, the Dubai Airport Free Zone DAFZ, Dubai Silicon Oasis and Dubai CommerCity, achieved a combined 17% year-on-year growth in revenue and 20% growth in EBITDA in H1 2023.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, said: “Our robust momentum of growth encourages us to continue strengthening our strategic plans to enhance the contribution of free zones to Dubai’s GDP to AED250 billion by 2030.”

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