- The company recorded a revenue of $433 million for 2022.
For the twelve-month period, Yahsat delivered growth in revenue and adjusted EBITDA, which increased 6 percent and 7 percent respectively year-on-year.
Other highlights include Adjusted EBITDA of AED946 million ($258 million), up 7 percent year-on-year, delivering a margin of 60 percent.
- US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and...
Oil prices rebounded, while the pound extended gains won on Brexit deal alterations.
Eurozone bond yields surged higher, with the yield on the benchmark German 10-year government bond rising to a 12 year high.
- Dubai, UAE-- Iraq has imported oil derivatives - gasoline, kerosene and gas oil - worth more than $5 billion in...
Iraq produces 4.58 million barrels per day and aspires to reach production of 6 million barrels by 2025
The total imported quantities of oil derivatives for 2022 increased by 60.43 percent compared to 2021
- The firms said margins will continue to be under pressure in H1.
The net profit of SABIC, which is one of the largest petrochemical companies in the world, after taxes was 16.5 billion riyals ($4.4 billion).
In a statement, SABIC said that its fourth quarter 2022 net income was 290 million riyals, 84 percent lower compared to Q4 2021.
- ABU DHABI, UAE - Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (ADDED)...
The CEO program is a rigorous nine-month program that aimed to cultivate entrepreneurship and innovation skills.
The program also helps build and grow ag-food tech ventures and contribute to the UAE's Food Security Strategy.
- Dubai, UAE -Edmond de Rothschild Group has announced the opening of an advisory office, Edmond de Rothschild (Middle East), at...
The Group has obtained an advisory license from the Dubai Financial Services Authority, which regulates services in DIFC
Ali Raza Syed, Senior Executive Officer of Edmond de Rothschild (Middle East), will be leading the local office in DIFC
- The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France.
The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France
The acquisition further strengthens Dubai Holding’s extensive portfolio of world-class assets in key gateway locations
- Abu Dhabi, UAE -The Central Bank of the UAE (CBUAE) has revoked the licence of Dollar Exchange, an exchange house...
The findings highlighted that the exchange house had a weak compliance framework and had failed to comply with its regulatory obligations
The central bank, through its supervisory and regulatory mandates, works to ensure that all exchange houses, their owners and staff abide by the UAE laws





















