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Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

UDC posts net profit of US$63m

UDC activities cover a multitude of vital investment sectors including real-estate development, property management, infrastructure and utilities. (QNA)
By TRENDS Desk
October 27, 2023 8:03 pm
  • The company said that the Earnings per Share (EPS) amounted to US$0.01 (QR 0.065) as of September 30, 2023.
  • UDC is a Qatari public shareholding company and the master developer of The Pearl and Gewan Islands.

DOHA, QATAR – United Development Company (UDC) reported a net profit of US$63 million (QR 230,150,000) in the first nine months of 2023.

UDC is a Qatari public shareholding company and the master developer of The Pearl and Gewan Islands.

UDC had posted a net profit of US$57 million (QR 208,544,000) for the corresponding period of the previous year.

The company said that the Earnings per Share (EPS) amounted to QR 0.065 as of September 30, 2023.

The EPS in the first nine months of 2022 was QR 0.059.

UDC activities cover a multitude of vital investment sectors including real-estate development, property management, infrastructure and utilities, district cooling, maritime and hospitality related businesses.

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