Borouge to pay huge dividend
Business
VW to cut e-car prices
Business
Deyaar, Arady Properties sign MoU
Deyaar is a leading real estate developer in Dubai.
Ducab 2022 revenues up 19%
Business
Lego to gain market share
Business
ADIB to pay $462m cash dividend
Business
Trafigura to receive $135m loan
Business
Dubai gets ‘TIRS’ cybersecurity platform
The new platform has been designed by a team of UAE nationals Digital14’s research reveals an exponential surge in phishing...
Aster announces 10-year salary support for bereaved families of staff who died of Covid-19
The company has 21,000 employees, including 2,887 doctors and 6,283 More than 5,100 of these employees have been infected...
National Bank of Kuwait hqrs completed
The work on the project had started in 2013 Projacs International was the Project Management Consultant National Bank of...
JP Morgan names Borja MartÃnez-Laredo as Menat MD
Borja joins the Bank from an international technology firm where he oversaw mergers and acquisitions Prior to this, Borja...
Hassan Allam Holding moves to the intelligent Microsoft Cloud
HAH made the move to Microsoft Azure during the COVID-19 crisis Egyptian company employs over 35,000 people across the...
Grandiose opens new hypermarket in Abu Dhabi
The hypermarket is the largest within the Grandiose chain The new store has a section dedicated to local produce...
3M appoints new VP, MD to lead MEA
Svinger will oversee the strategic expansion of 3M across the region The appointment further strengthens 3M’s developing business in...
Family Business Council Gulf to host first ‘Family Business Awards’ in GCC
Award categories are SME Family Business, Non-Family Executive, NexGen Venture and NexGen Innovation Family businesses contribute to 60 percent...
Cummins’ marine segment gains from a spike in oil price
Marine segment is a critical market for Cummins in the region Cummins offers both commercial and recreational marine diesel...
Stake, a Dubai startup backed by Saudi, to expand into kingdom
The company announced on Tuesday it has raised $4 million in a seed funding It has raised 15 million dirham...
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CVC to invest in WTA
Business
Ducab 2022 revenues up 19%
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Lego to gain market share
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ADIB to pay $462m cash dividend
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KEZAD Group, GFCF ink deal
GFCF will triple its production after setting up its Phase II in Musasafah.
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Business
Arada H1 sales $1.15bn
The company witnessed a 186 percent increase in sales.
- In total, Arada sold 1,616 homes at its communities during the first half, a 23 percent increase on the same period in 2022.
- Arada’s best-performing community in terms of sales was Masaar, the forested megaproject based in the up-and-coming Suyoh district of Sharjah.
Business
QNB H1 2023 net profit at $2bn
QNB set aside $1.3 billion as provision for loan losses.
- There was an increase in the operating income by 14 percent to reach US$5 billion.
- This reflects QNB’s success in maintaining strong growth in various sources of income.
Business
eXtra’s H1 2023 profit falls 35%
An increase in borrowing costs hurt the company in H1.
- The company's revenue increased slightly by 2.1 percent YoY, backed by the consumer finance segment revenues growth and retail segment’s sales mix enhancement, Argaam said.
- Gross profit increased by 7.3 percent YoY to SAR 655.9 million. Selling, general and administrative expenses (SG&A) slightly increased compared to H1 2022.