Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

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
  • DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...

    Dubai International, the world's busiest airport for international passengers for nearly a decade, hit 87 million visits in 2023.

    Dubai Airports' official forecast for 2024 stands at 88.8 million passengers, despite the Israel- Hamas war which began in October.

  • SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...

    The committee addressed the outcomes of its recent visit to Sharjah Commerce and Tourism Development Authority.

    The committee was briefed about the authority’s efforts to stimulate tourism by conducting events throughout the year.

  • Its next-generation console will be delayed until 2025.

    A news report said the next console would miss the key Christmas holiday shopping period in December

    The gadget is fading with the console now in its seventh year, but the company is tight-lipped about its plans

  • Doha, Qatar--The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry...

    According to a bulletin issued by the Ministry of Justice, some 362 real estate transactions were recorded during the month

    The value of Doha municipality's transactions came out at $324 million, as per the real estate market index for January 2024

  • Its gross profit jumped 3.1% to US$137.25m in 2023.

    According to a company's statement. Its gross profit shot up 3.1 percent to $137.25 million.

    Its chairman said the performance of their trading and distribution segment was noteworthy

  • Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...

    Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment, says an expert.

    Hao Yang of Bybit highlights the sector's regulated nature, its accessibility beyond tech-savvy individuals, and the importance of education and due diligence behind its growth.

  • ABU DHABI, UAE - Saudi Arabia’s holdings of US Treasuries reached US$131.9 billion in December 2023, up $3.8 billion month-on-month,...

    The Kingdom maintained 16th place among the largest holders of US treasury securities for December.

    Saudi Arabia’s holdings of US Treasuries were distributed among long-term and short-term bonds.

  • The rise was due to the hospitals and pharmacy segments.

    The increase in net profit came as revenues edged up 14.41 percent year-on-year (YoY) to US$2.5 billion (SAR 9.5 billion).

    Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 18.49 percent YoY to US$666 million (SAR 2.5 billion).

  • With this deal, the value of the firm has tripled in 10 months.

    The deal would have the San Francisco-based firm selling existing shares to investors led by Thrive Capital

    The tech firm led a revolution in artificial intelligence when it placed its ChatGPT program online in late 2022

  • Riyadh, Saudi Arabia-- Saudi Arabia is exploring investment opportunities in education and aiming to attract investments to the kingdom from...

    The Saudi education minister explored investment opportunities in education, besides seeking to foster scientific and research collaboration between the two countries

    The visit of the Saudi delegation also looked to consolidate the partnerships between the kingdom's ministry of education and Canadian universities and colleges.