Company News

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

Bezos sells $2bn Amazon shares

He reportedly intends to sell, next July, 50 million shares of the group.

Emirates posts $5.5 b loss due to pandemic restrictions

  Group's dnata ground services at airports reported a loss of US$ 496, down from US$ 168 million profit in...

Tesla to accept bitcoin again when greener

Bitcoin are produced by powerful computers that consume huge amounts of electricity in the process Tesla has said it invested...

Ooredoo Kuwait selects Ericsson Charging to improve customer experience

Ericsson platform will support 5G architecture and interfaces Ooredoo Kuwait set to benefit from a leading charging system that provides...

From Jun 15, Facebook employees can opt for remote work permanently

Facebook will let any employee to work remotely permanently if the job can be performed that way Company expects it...

Zain KSA launches campaign to protect children from harmful online practices

Internet Monsters campaign portrays villains from classic fairy tales as evil digital characters The campaign is an extension of the...

Ogilvy PR Names Matt Buchanan as Global Head of Consumer PR

Buchanan has run Ogilvy's PR business in the UK since early 2019 He has worked with leading international brands including...

Alisha Moopen to join TLI’s Board of Directors

Moopen brings with her healthcare leadership experience, global healthcare perspectives She is a graduate of the University of Michigan with...

Fahad Al Hassawi is CEO EITC

  Al Hassawi has been the company’s acting CEO since September 2020. During this period, he has guided the organization...

Driver Trett appoints a new UAE Country Manager

  Julian has 20 years’ industry experience working for major clients, contractors and consulting organizations He has an LLM in...

Ooredoo business offers ‘fleet management solutions’ for companies

  Ooredoo FMS involves GPA tracking software to track, monitor and manage vehicles, bicycles and people in real-time Companies can...

Americana Restaurants posts profit.

The annual net profit in 2022 was US$470 million.

Latest News

RSG, Zain build carbon-neutral 5G network

The network runs on clean energy from world's largest carbon-neutral grid.

TAQA H1 net income $3.67bn

The group revenues were AED 26.8 billion, 5% higher than H1,2022.

Ma’aden Q2 revenues hit $1.86bn

Record phosphate output boosts the company's performance.

Most Read

DEWA Q2 revenue $2bn

Consolidated revenue of DEWA rose 4.1 percent in Q2.
  • For the first half of 2023 (H1 2023), DEWA’s consolidated revenue was AED 12.7 billion ($3.46bn) and net profit was AED 2.7 billion ($740m).
  • By the end of H1 2023, the Company’s net cash from operating activities increased by a record AED 837 million (227.88m) to AED 5.4 billion ($1.47bn).

Al Hammadi H1 2023 net profit $43.5m

In Q2 2023, net profit jumped 25.7% to $21.8 million.
  • The growth was spurred by revenues, which grew by 7.96 percent year-on-year (YoY) to US$153 million.
  • This was driven by higher revenues reported by Al Hammadi’s medical services and pharmaceutical segments.

GFH Financial Group Q2 net profit $30m

The net profit increased by 32.74 percent compared to Q2, 2022.
  • Total income for the second quarter of 2023 was $86.83 million compared to $56.11 million for the second quarter of 2022, a rise of 54.7 percent.
  • Consolidated net profit for the second quarter was $32.75 million compared with $26.03 million in the second quarter of 2022, an increase of 25.8 percent.