Business - TRENDS MENA

San Francisco, United States -- Microsoft on Wednesday said it was slashing a little less than four percent of its...

Dubai, UAE - A total of 3,103 real estate and properties transactions valued at approximately $2.64 billion in total were...
The weekly DLD report noted that 235 plots were sold for about $609 million, 2,302 apartments and villas were sold for approximately $1.57 billion
Madinat Hind 4 recorded the most transactions for this week, with 72 sales transactions worth roughly $28.17 million
It posted gains in one week on the back of company results.
The value of stocks on the bourse increased to $781 billion at the end of Friday's session as against $770 billion at the close of last Friday
Over the week, the equities market saw an inflow of liquidity exceeding $2.34 billion, split between $1.81bn in ADX and $539m in the DFM
In Asian stock market trading, Hong Kong extended the week's losses Friday, even as e-commerce titan Alibaba surged on a...
Official data Thursday that showed US inflation rising less than expected in July failed to stop bets on the Federal Reserve raising borrowing costs
Across the Atlantic, better-than-expected UK growth data Friday increased the likelihood of more BoE tightening, boosting the pound
The company’s turnover during the second quarter was $380m.
The profit increased by 187 percent compared to AED160 million ($43.56m) net profit reported for the same period last year.
The company’s turnover for the same period increased by 25 percent, as the strong demand for air travel continued.
PARIS, FRANCE - The International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in...
World oil demand already hit a record 103 million barrels per day in June and August and "could see yet another peak", IEA said.
"For 2023 as a whole, global oil demand is set to expand by 2.2 million barrels per day to 102.2 million barrels per day," it said.
Consolidated revenue of DEWA rose 4.1 percent in Q2.
For the first half of 2023 (H1 2023), DEWA’s consolidated revenue was AED 12.7 billion ($3.46bn) and net profit was AED 2.7 billion ($740m).
By the end of H1 2023, the Company’s net cash from operating activities increased by a record AED 837 million (227.88m) to AED 5.4 billion ($1.47bn).
In Q2 2023, net profit jumped 25.7% to $21.8 million.
The growth was spurred by revenues, which grew by 7.96 percent year-on-year (YoY) to US$153 million.
This was driven by higher revenues reported by Al Hammadi’s medical services and pharmaceutical segments.
The net profit increased by 32.74 percent compared to Q2, 2022.
Total income for the second quarter of 2023 was $86.83 million compared to $56.11 million for the second quarter of 2022, a rise of 54.7 percent.
Consolidated net profit for the second quarter was $32.75 million compared with $26.03 million in the second quarter of 2022, an increase of 25.8 percent.
Ras Al Khaimah, UAE - The existing and upcoming waterfront and island developments in Ras Al Khaimah have witnessed a...
Apartments for sale in Al Hamra Village have recorded an increase of over 4% in average price-per-square-foot
With an excellent ROI of 11.61%, the apartments for sale in Yasmin Village offered the best rental yields
The award has been received from ADCNOC Gas.
The project is valued at AED 13 billion and is being led by the National Petroleum Construction Company (NPCC) in partnership with Técnicas Reunidas.
MERAM project is expected to increase the recovery of methane from ADNOC Gas's facilities.