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TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

UDC profit up 23% in H1 2022

United Development Company (UDC) has reported a net profit of US$46,043,956.
  • 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

United Development Company (UDC) has reported a net profit of QR 167,600,000 (US$46,043,956) compared to a net profit of QR 135,781,000 for the same period of the previous year. 

The earnings per share (EPS) amounted to QR 0.047 as of June 30, 2022, versus an EPS of QR 0.038 for the same period in 2021.

UDC was established in 1999 and has an authorized capital of QR 3.5 billion.