UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

  • Higher non-funded income, reduction in the cost of risk push profits up.

    The total income rose 14 percent year on year and 43 percent on the same quarter in 2020 by higher non-funded income.

    The customer financing stood at AED 42.4 billion, an increae of 4 percent from 2020.

  • Streaming giant's profit grew 16 percent to $7.5 billion

    Its profit grew 16 percent to $7.5 billion

    Streaming giant ended the quarter with 214 million subscribers.

  • Smartphone sales are dominated by Apple, Samsung

    Smartphone sales are dominated by Apple and Samsung

    Google touted the phones as completely "reimagined" during a presentation

  • According to financial results, mobile customer base reached 6.5 million. The postpaid segment remains resilient with net-adds of 13,000. The...

    The revenues have grown 6.9% to AED 2,874 million on sustained demand for broadband services

    EBITDA amounted to AED 1,100 million due to cost optimization which helped contain margin pressure

  • A domain name is a name in English or Arabic letters chosen to be the address and the identity of...

    So far, mostly government entities have had permission to use this domain name

    Now, the TRA has launched a campaign to introduce the mechanisms for registering new websites with the .bh domain name

  • The agreement is part of the UAE’s endeavors to strengthen and activate means of economic and investment cooperation globally.

    The agreement aims to encourage foreign investment by improving the investment environment and enhancing economic cooperation

    It will also look to secure a balance between rights and obligations between investors and the host country

  • A United Nations report has depicted a positive picture of global foreign direct investment during the first half of 2021....

    Countries around the world recorded a total of $852 billion in FDI flows, showing a “rapid recovery” from the 2020 lows

    Developed economies recorded the biggest increase in new investments, with FDI reaching an estimated $424 billion in the first half of the year

  • Gulf Islamic Investment of UAE will invest $500 million in India over the next three years as it takes steps...

    The shariah-compliant firm said its current investment plan is sector-agnostic and is now keen to partner with Indian start-ups and growth companies

    This follows its Indian investment debut in 2020 with India Growth Portfolio (IGP-I)

  • Zoomcar targets 5,000 cars in Egypt by March 2022.

    Zoomcar to launch their functioning in Egypt

    The target of Zoomcar is to have 20,000 cars in market by 2022 end

  • The Tadawul All Share Index, TASI, vaulted 0.4 percent to surge past the 11,800 point level in early trade today.

    Al Rajhi Bank rose more than 1 percent

    Etihad Etisalat (Mobily) gained 2 percent to SR30.85