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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

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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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