Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) delivered a strong net profit before tax valued at AED 111.80 million in the first quarter (Q1)of 2024, according to a press release. Net insurance service result stood at AED …
Abu Dhabi – Mubasher: Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) logged net profits valued at AED 13.12 million in the first quarter (Q1) of 2024, an annual hike from AED 620,099. Revenue from contracts …
Dubai – Mubasher: The net profits attributable to the owners of Dubai Electricity and Water Authority (DEWA) fell to AED 647.42 million in the first quarter (Q1) of 2024 from AED 742.76 million a year earlier. DEWA’s quarterly consolidated revenue …
Abu Dhabi – Mubasher: RAK Ceramics logged net profits after tax valued at AED 62.90 million in the first quarter (Q1) of 2024, down 21.50% from AED 80.10 million in Q1-23. The revenues amounted to AED 781.60 million in Q1-24, an annual drop of …
Abu Dhabi – Mubasher: The net profits attributable to the owners of Abu Dhabi National Hotels hiked to AED 1.02 billion in the first quarter (Q1) of 2024 from AED 147. 64 million. Revenues from contracts with customers increased to AED 454.76 …
UAE – Mubasher: The Central Bank of the UAE (CBUAE) has signed a memorandum of understanding (MoU) with Bank Indonesia to boost trade relations. Under the agreement, the two central banks will establish a framework to use local currencies in …
Dubai – Mubasher: The net profits after tax of Aramex nearly doubled at AED 46.56 million in the first quarter (Q1) of 2024, marking a 95% year-on-year (YoY) leap from AED 23.90 million. Revenues increased by 8% to AED 1.54 billion in Q1-24 from …
Dubai – Mubasher: Ajman Bank registered net profits amounting to AED 107.42 million in the first quarter (Q1) of 2024, marking a year-on-year (YoY) hike from AED 49.15 million. Total operating income before depositors’ share of profits reached AED …
Abu Dhabi – Mubasher: Presight AI Holding recorded a consolidated net profit after tax of AED 95.94 million in the first quarter (Q1) of 2024, up from AED 72.40 million in the comparative period of 2023. Revenues rose to AED 262.13 million in …
Abu Dhabi – Mubasher: Rak Properties posted lower net profits after tax at AED 41.45 million in the first quarter (Q1) of 2024, compared to AED 44.60 million in Q1-23. Meanwhile, the revenues increased to AED 289.81 million in Q1-24 from AED …
Abu Dhabi – Mubasher: Aldar Investment Properties (AIP), a subsidiary of Aldar Properties, has issued a $500 million green sukuk. The 10-year issuance is a part of a $2 billion trust certificate issue programme launched in 2023, according to a …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) went down by 13.61 points (0.32%) on Thursday and closed the trading session at 4,179.74 points. A total of 386.08 million shares were exchanged during the session at a value of AED …
Abu Dhabi – Mubasher: Emirates Steel Arkan logged net profits after tax valued at AED 128.22 million in the first quarter (Q1) of 2024, down year-on-year (YoY) from AED 152.17 million. Revenues plummeted to AED 2.13 billion in Q1-24 from AED 2.40 …
Dubai – Mubasher: Drake & Scull International (DSI) incurred net losses amounting to AED 46.20 million in the first quarter (Q1) of 2024, an annual plunge from AED 119.17 million. The Q1-24 loss was mainly driven by a net financing cost of AED 39 …
UAE - Mubasher: Abu Dhabi National Oil Company (ADNOC) has signed a 15-year agreement with Germany’s EnBW Energie Baden-Württemberg for the delivery of 0.6 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The deliveries are …
Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) hit AED 549.64 million in the first quarter (Q1) of 2024. The generated net profits were higher than AED …
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) logged a consolidated net profit of AED 641.06 million in the first quarter (Q1) of 2024, a surge from AED 303.32 million in the same period a year earlier. Revenues from contracts with …
Dubai – Mubasher: Amlak Finance posted a net profit of AED 27 million during the first quarter (Q1) of 2024, up from AED 14 million in the same quarter a year earlier. The company’s total revenues declined to AED 68 million in Q1-24 from AED 74 …
Riyadh – Mubasher: Egypt’s hybrid national airline Air Cairo has partnered with the Saudi travel company Almosafer, a subsidiary of Seera Group Holding, to become the exclusive general sales agent (GSA) of Air Cairo in Saudi Arabia, according to a …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Wednesday’s trading session higher by 37.06 points (0.89%) at 4,193.35 points. The DFM’s turnover hit AED 348.98 million through the exchange of 151.14 million shares. Emaar …
Riyadh - Mubasher: Payments giant Mastercard announced restructuring its regional operations, appointing new division leaders as it aims to step up growth across the Middle East and North Africa (MENA). This initiative forms part of the company's …
Abu Dhabi – Mubasher: Dana Gas posted a $38 million (AED 139 million) consolidated net profit in the first quarter (Q1) of 2024, down from $50 million (AED 183 million) in the same quarter a year earlier. Gross revenues declined to $97 million …
Cairo – Mubasher: Beltone Holding has signed a strategic partnership agreement with Abu Dhabi-based Comera Financial Holding to bolster digital transformation and customer experience in Egypt. Under the agreement, the two companies will join …
Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) reported a 34% year-on-year (YoY) leap in net profit to $194 million (AED 712 million) in the first quarter (Q1) of 2024 from $145 million (AED 533 million). Revenues soared 42% YoY to …
UAE – Mubasher: Mubadala Investment Company and US-based Global Infrastructure Partners have injected AUD 6.40 billion ($4.20 billion) in a major urea fertilisers plant in West Australia. The project, implemented by Perdaman, an Australian …
