The transportation and storage sector was the biggest contributor to overall growth at 48 percent. This was followed by the financial and insurance sector, which accounted for 15 percent, and trade at 10 percent, according to data issued by the Dubai Data and Statistics Establishment of the Dubai Digital Authority.
Combined profit of capital market institutions in Saudi Arabia falls
RIYADH, SAUDI ARABIA - The combined profit of capital market institutions in Saudi Arabia dropped 19 percent to US$306 million (SAR 1.15 billion) in Q1 2023, from US$381 million (SAR 1.43 billion) in the same period last year, the Capital Market Authority (CMA) said in a recent report. Revenues fell...
Ajman hotels posts 3% increase in revenues in Q1 2023
AJMAN, UAE - Ajman hotels and serviced apartments recorded a three percent growth in hotel revenues in the first quarter of 2023 compared to the corresponding period in 2022. The increase occurred mostly due to higher demand that is pushing the Average Daily Room (ADR) Rate, making investment in hotels...
Allianz Q1 posts net profit $2.2bn
Firm said the profit was driven by higher prices for policies.
Burjeel Holdings Q1 profit $33m
The company posted Q1 revenue of US$299 million.
Fertiglobe Q1 net profit $135m
The company posted Q1 revenue of US$694 million.
BMW Q1 net profit at $4.1bn
The firm says sales declined in Europe and China.
Airbus Q1 net profit at $514m
The company delivered 127 aircraft in Q1 of 2023.
EITC posts Q1 revenue at $936m
Revenue is due to demand for fixed, mobile services.
Pfizer Q1 profit at $5.5bn
Profit fell on declining COVID-19 vaccine revenues.
QOIC reports 38% profit in Q1
The company reported an increase in its EPS to QR 0.014.
American Q1 profit at $10m
The airline's revenues were $12.2 billion, up 37 percent.
FAB posts Q1 net profit of $1bn
Operating income increased by 51 percent year-on-year.
Bahrain’s real GDP grows by 4.09% in Q4 2022
Manama, Bahrain - Bahrain has reported a 4.09 percent increase in its real GDP in the fourth quarter of 2022 YoY, driven by a growth of 4.91 percent in the non-oil sector, as a result of its economic diversification initiatives. The high-achieving sectors include the financial corporations sector which grew...Novartis Q1 profit at $2.3bn
Heart disease, cancer medicines helped enhance revenue.DIB Q1 profit up
Net financing and sukuk investments stood at $65.35bn.
Hermes Q1 revenue at US$3.7bn
The performance was driven by strong sales, especially in Asia.
QEWC profit up 4.5% in Q1
Profits in the first quarter of 2022 reached $106.78 million.
Palestine Q3 current-account deficit stands at $316m
The preliminary results showed a surplus value for the capital and financial account amounting to $222 million, mainly caused by the surplus in the capital account which amounted to $114 million.Bahrain’s Q1 property deal volumes surge 36% to $600m
Bahrain’s Survey and Land Registration Board has said property transaction volumes in the first quarter rose to $600 million This is a rise of more than a third compared to $440 million in the same period last year Bahrain’s Survey and Land Registration Board has said in a report that...
