Consumer products sector grows amid rising prices
The consumer products sector enjoys tremendous growth, with retail sales value for the industry globally rising by close to 10...Business
Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO
DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...Business Global Aviation
Multiply H1 2022 profit up US$126m
Net profit equates to a healthy 91% of revenue for the period.Net profit equates to a healthy 91 percent of revenue for the period with investment and other income of AED 300 million helping to drive profitability
The Group continues to benefit from a strong liquidity position, with AED 3.24 billion in cash and bank balances and negligible debt
UDC profit up 23% in H1 2022
The company earned a profit of US$37,302,472 in HI 2021.The EPS amounted to QR 0.047 as of June 30, 2022, versus an EPS of QR 0.038 for the same period in 2021
United Development Company was established in 1999 and has an authorized capital of QR 3.5 billion
Facebook’s Meta posts first-ever revenue drop
Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles...Meta however reported an increase in daily Facebook users to 1.97 billion, defying analysts' predictions of a drop
Meta is focused on building its metaverse vision for the internet's future, betting heavily on the interactive virtual world
Saudi Central Bank, CMA support 12 fintech startups
The startups presented their innovative solutions following months of hard work that contributed to developing their product strategies and business...The startups presented their innovative solutions following months of hard work that contributed to developing their product strategies and business models
The companies that took part displayed cutting-edge fintech products that directly address social demands and provide solutions to pressing issues
21 business, investment deals boost KSA-Greece ties
The agreements cover logistics and transportation, renewable energies, manufacturing, environment services, aquaculture, defense, trade, engineering and agriculture.The bilateral agreements cover logistics and transportation, renewable energies, manufacturing, environment services, aquaculture, defense, trade, engineering and agriculture
32 representatives from Greek firms, chambers of commerce and trade associations attended the event, taking part in B2B and G2B meetings to explore business opportunities
Abu Dhabi Chamber, Philippine Business Council discuss ties
A delegation from the Philippine Business Council, headed by Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and...Abu Dhabi Chamber, Philippine Business discuss strengthening relations between the Chamber and Filipino investors
The two sides discuss increasing the level of cooperation in diverse sectors of mutual interest
IFZA, CBD ink banking deal
Opening corporate bank accounts to become easier for free zone firms.The free zone companies will now be able to also obtain personalized services.
A study by Dubai Chamber of Commerce said entrepreneurs face a lot of issues in opening a corporate bank account in UAE.
Tabreed H1 profit $65 million
The profit saw an increase of 3 percent over H1 2021.Total connected capacity reached 1,241,331 Refrigeration Tons (RT); 31,235 Refrigeration Tons (RT) of new customer connections added.
Group revenue increased by 12.3 percent to AED 975.7 million (H1 2021: AED 869.0 million).
More than 10 million visit UAE govt portal in first half of this year
The Telecommunications & Digital Government Regulatory Authority (TDRA) said that over 10 million people visited the Official Portal of the...Over 24 million pages were viewed through the visits to U.AE portal in H1 of 2022
These results indicate the high value of U.AE as a prime source of information and services
ADX market value rises in Q2, 2022 to US$542.42bn
Abu Dhabi Securities Exchange has recorded its highest rise in terms of market value and trading value at end of...The ADX ranked first in Arab region in terms of market value increase, says the Arab Monetary Fund
The Abu Dhabi Securities Exchange rose from $513.19bn at the end of Q1 of 2022 to $542.42bn in Q2 of 2022
