Minus UAE corporate tax, it would have grown by 2.4% to $725m
- Abu Dhabi, UAE - The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on...
Bank said it would pay out US$5.6 billion to shareholders.The news sent the bank's share prices zooming more than eight percent higher in morning trading.
The European Central Bank has been lifting interest rates since last year to tackle inflation and tame consumer price growth.
Abu Dhabi, UAE-- The first auction of the UAE treasury bond program in 2023 has been oversubscribed by 6.2 times,...In 2022, the Ministry of Finance, the issuer, had issued bonds totaling AED 9 billion across tenors of two years, three years and five years.
The auction has been oversubscribed by 6.2 times, receiving bids worth $1.76 billion.
Net profits at the banking giant rose 23% in Q4 of 2022.For the full year 2022, UBS meanwhile saw its net profit inch up to $7.6 billion from $7.5 billion a year earlier.
As revenues generated by global markets dwindled, UBS's investment bank saw revenues shrink 24 percent in the fourth quarter.
IHC announced it would be investing $400m into Adani Enterprise's $2.5 billion Further Public Offering. IHC said in a statement...This is the second investment deal International Holding Company has completed with India's Adani Group after last year's Dh7.3 billion ($2 billion) investment.
Media reports said the FPO so far received 3 percent subscription amid the rout Adani Group has been facing since a report by US investment group Hindenburg Research.
Dubai, UAE--The Ministry of Health and Prevention (MoHAP), the Department of Health-Abu Dhabi (DoH) and the Dubai Health Authority (DHA),...The UAE health authorities will take part in the 48th edition of the exhibition under a unified national platform called "Emirates Health
The National Program was designed to support the country's goal of becoming a regional and global leader in organ and tissue transplantation
- Its operating profits in Q4 fell to $3.4 billion, a 69 percent drop.
The decline is in line with the estimate Samsung released earlier this month and marks the company's worst decline in quarterly profits since the third quarter of 2014
It singled out weak demand for memory chips, saying the sector had been hit hard "as prices fell and customers continued to adjust inventory amid deepening uncertainties
Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced today that Muscat Stock Exchange (MSX) has...Now MSX’s listed securities, along with those of ADX and BHB, are available for digital trading
Last Year ADX and MSX signed a Memorandum of Understanding (MoU) strengthening bilateral collaboration in areas related to exchange of expertise, information, and advisory services
Dubai, UAE--Dubai International Financial Centre (DIFC) unveiled the “DIFC Metaverse Platform” to attract technology innovators from around the world. The...It is part of a strategy being developed by Dubai International Financial Centr to accelerate Dubai’s status as a global metaverse leader
The platform is commensurate with the Dubai Metaverse Strategy, which aims to add US$4 billion to Dubai's GDP, support 40,000 virtual jobs by 2030 and attract 1,000 companies
The region remains cautious as it takes a strategic approach to invest in the technology by focusing on experimentation and...The region remains cautious as it takes a strategic approach to invest in the technology by focusing on experimentation and finding suitable business use cases, says an expert.
"This approach not only minimizes risk for the initial investments but also helps position the GCC for success in the metaverse economy," says Jad Baroudi of Strategy & Middle East
Saudi Arabia plans to invest more than US$266 billion to produce cleaner electricity and expand its power grid, the kingdom's...Despite its goal of achieving net zero carbon emissions by 2060, Saudi Arabia remains hugely dependent on crude oil exports.
The Saudi minister said the Kingdom is determined to be the leading exporter of clean hydrogen.
