Abu Dhabi, UAE--The technological and structural advancements in the UAE financial sector continues to enhance security, operational efficiency, accessibility of mobile banking applications, online banking and overall customer experience, according to the 4th Quarter Report of 2023 issued by the Central Bank of the UAE (CBUAE) on the Monetary, Banking...

The company's revenue spiked to US$22.1bn.

Its gross profit jumped 3.1% to US$137.25m in 2023.

The airline backs intensified oversight from the FAA.

The bank said it would buy back shares and pay dividends.

The company said it posted a net profit of US$227.4 million.

Riyadh, Saudi Arabia -- Foreign Direct Investment inflows into Saudi Arabia hit SAR 17 billion in the third quarter of 2023, a decrease of 14.4 percent compared to the second quarter, the Kingdom's General Authority for Statistics (GASTAT) said. The total FDI outflows reached SAR 5 billion, a decrease of...

Its revenue climbed 36 percent to US$2.53 billion in 2023.

The slashing of jobs follows huge third-quarter losses.

Manama, Bahrain--National accounts estimates issued by the Information eGovernment Authority of the Kingdom of Bahrain showed that the real GDP of the Kingdom increased by 2.45% at constant prices and by 1.09% at current prices during the third quarter of 2023 compared to the same period in 2022. Bahrain News...

Its income for the first nine months of 2023 is US$816m.

Dubai, UAE--Dubai Airports is expecting annual passenger traffic at Dubai International (DXB) to touch 86.8 million – surpassing 2019 traffic, propelled by strong growth throughout the first three quarters of the year and anticipation of an exceptional surge in guest numbers in the final quarter. DXB commenced the second half...

It posted a 189% jump in revenue in Q3 to US$1.15bn.

The company posted an operating profit of US$1bn.

It posted a five-percent decline in revenues to US$367m.

The company recently reported a net loss of US$4.9bn in Q3.

Its revenue stood at US$323m in the first nine months of 2023.

Ajman, UAE-- The Department of Economic Development in Ajman (Ajman DED) has reported an 11 percent growth in the total number of economic licenses issued during the third quarter of 2023. According to a report published by Ajman DED, professional licenses came in first place with 51% of the total...

It posted an 11% jump in net revenue to US$890 million.

Its revenues grew 3.7% to US$896 million in the quarter.

Abu Dhabi, UAE--Abu Dhabi International Airport has posted a 29.3 percent jump in passenger traffic for the third quarter of 2023 to a healthy figure of 5,951,025. The passenger traffic recorded the increase at Abu Dhabi International Airport between 1st July and 30th September, an increase of 29.3%, compared to...

Its net profit for the third quarter dropped to US$1.09bn.

Its Q3 revenue posted a 24 percent jump to US$96 million.

The automaker made sales to the tune of US$83.5bn in Q3.

It took the decision after posting a drop in Q3 profits.

The airlines' net income stood at US$1.1bn, up 20.7 percent.

The company expects Q3 profits to fall nearly 80% to US$1.8bn.

Vienna, Austria--The Organization of the Petroleum Exporting Countries (OPEC) has confirmed that the UAE's economy grew by 3.8 percent in the first quarter of 2023. In its September 2023 report, OPEC said it expects the UAE's economic expansion to continue, noting that key sectors of the country's economy have seen...

Cairo, Egypt--Egypt's unemployment rate fell slightly by 0.1 percent to 7 percent in the second quarter of 2023, according to the country's statistics agency CAPMAS report on Tuesday. More than two million Egyptians were without a job, including 1.2 million men and 941,000 women, the data revealed, adding that 61.8...

It posted a jump in net profit in Q2 to US$2.92 million.

Its net profit for H1 of 2023 stood at US$11.70 million.

The German airline's net profit climbed to US$964m in Q1.

Muscat, Oman--Oman's gross domestic product (GDP) at constant prices recorded an increase of 4.7 per cent to reach $22.59 billion at the end of the first quarter of 2023. The GDP at constant price was $21.71 billion in the first quarter of 2022, according to the initial data issued by...

The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed. Eurostat revised down an earlier forecast that had predicted slight growth, after economic powerhouse Germany said last month it had fallen...

Dubai, UAE-- Some 27 million taxi rides were undertaken in Dubai in the first three months of 2023, up one million from the same period last year. According to the Roads and Transport Authority, the latest figures underscored the sector's “remarkable growth” over the past five years. The increase in...

The profit rose to US$22mn on the back of higher revenue.

Its profit vaulted to US$150 million in Q1 of 2023

This is the company's highest-ever quarterly revenue.

Its net profit fell 7 percent to US$50 million in Q1 of 2023.

Doha, Qatar— More than ten million passengers traveled through Qatar’s Hamad International Airport in the first quarter of the current year, marking a 44.5 percent jump. The airport, according to Qatar News Agency, received 3.56 million passengers in the month of January, followed by 3.24 million in February, and 3.5...

Net income increased by 35 percent during the quarter.

Muscat, Oman -- ahlibank of Oman has reported a profit of 8.4 million RO ($21.84 million) in the first quarter of 2023, an 11.1 percent increase over the same period in 2022. The customer deposits grew by 7.3 percent, reaching RO 2.33 billion during the first quarter, compared to the...

The group's first quarter loss dipped to $515m from $644m a year ago.

The bank's return on assets improved marginally to 1 percent.

The net profit plunged by more than 56 percent compared to Q1 2022.

The bank's net profit vaulted to US$15mn in Q1, up 80%.

The US airline posted a quarterly loss of US$194mn.

The bank said its total operating income grew by 5% in Q1.

Revenue rose as countries boost military spending.

The group's Q3 loss coincides with a slump in the tech sector.