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Abu Dhabi – Mubasher: The net profits of Alpha Dhabi Holding dropped to AED 6.68 billion in the first half (H1) of 2024 from AED 10.33 billion in H1-23. The company generated total revenues valued at AED 29.31 billion in H1-24, up year-on-year …

Abu Dhabi – Mubasher: Fertiglobe posted an annual drop in net profit to $197 million during the first half (H1) of 2024, compared to $297.20 million. The revenues hit $1.04 billion in H1-24, marking a decline from $1.24 billion in H1-23, according …

UAE – Mubasher: Emirates Water and Electricity Company (EWEC) has received four proposals for its Saadiyat Island reverse osmosis desalination project in Abu Dhabi.  Bids were submitted by Acciona Agua, Engie, GS Inima Environmental, and a …

Abu Dhabi – Mubasher: Pure Health Holding reported an 8% year-on-year (YoY) leap in net profit to AED 1 billion during the first half (H1) of 2024. The company’s revenue soared by 53% YoY to AED 12.50 billion in H1-24, according to a press …

Abu Dhabi – Mubasher: Borouge posted a 35% year-on-year (YoY) increase in net profit to $581 million in the firsts half (H1) of 2024. The company’s revenue was unchanged at $2.81 billion in H1-24 compared to the same period of last year, according …

Mubasher: The National Mobile Telecommunications Company (Ooredoo) registered QAR 1.87 billion in net profit attributable to the owners during the first half (H1) of 2024. The recorded net profits were higher by 4% year-on-year (YoY) than QAR 1.79 …

Mubasher: Global demand for gold rose by 4% year-on-year (YoY) to 1,258 tonnes in the second quarter (Q2) of 2024, according to a report by the World Gold Council (WGC). The growth in demand was driven by a 53% YoY surge in over-the-counter (OTC) …

Abu Dhabi – Mubasher: Modon Holding, which was previously known as Q Holding, reported sold financial performance for the first half (H1) of 2024 following its acquisition of Modon Properties and ADNEC. The ADX-listed company logged net profits …

Dubai – Mubasher: Al Ansari Financial Services has signed a sales and purchase agreement to fully acquire Bahrain-based BFC Group Holdings W.L.L., (BFCGH) for $200 million (AED 735 million). The acquisition will enable the DFM-listed company to …

UAE - Mubasher: The UAE and Chile cemented trade ties, signing a comprehensive economic partnership agreement (CEPA) during a visit by Chilean President Gabriel Boric to Abu Dhabi. Witnessed by UAE President Sheikh Mohamed bin Zayed, the CEPA aims …

Abu Dhabi – Mubasher: ADIB Securities, a wholly owned subsidiary of Abu Dhabi Islamic Bank (ADIB), allowed trading in the US market as the first UAE Sharia-compliant broker. The newly updated trading platform, ADIBS Global, provides investors with …

Abu Dhabi – Mubasher: Multiply Group swung to net losses valued at AED 3.25 billion in the first half (H1) of 2024, against net profits worth AED 400.06 million. Revenues increased year-on-year (YOY) to AED 833.37 million in H1-24 from AED 545.50 …

Abu Dhabi – Mubasher: Al Yah Satellite Communications Company (Yahsat) recorded net profits worth $68.29 million in the first half (H1) of 2024, compared to $40.88 million. The revenues at $199.74 million in H1-24, down from $205.07 million in …

UAE – Mubasher: 7X, formerly Emirates Post Group, announced strong operational results for the first half (H1) of 2024, reflecting significant growth and achievements in the trade, transport, and logistics sectors. Key highlights include a 12% …

UAE – Mubasher: HDI Global SE has received a regulatory licence from the Dubai Financial Services Authority (DFSA) to open an office in the Dubai International Financial Centre (DIFC), marking a significant step in their international expansion. …

Mubasher: Educatly has secured a new funding round of $2.50 million led by TLcom Capital and Plus VC, according to a press. The fundraising transaction, which Egypt Venture and the HBAN syndicate also led, anchors Educatly’s presence in the MEA …

UAE – Mubasher: The number of digital startups supported by the Dubai Chamber of Digital Economy (DCDE) soared by 212% year-on-year (YoY) to 215 during the first half (H1) of 2024 from 69 in the same period the year before. The combined market …

Mubasher: Americana Restaurants International recorded net profits valued at $77.72 million in the first half (H1) of 2024, an annual drop from $146.90 million. The group, listed on the Abu Dhabi Securities Exchange (ADX) as well, posted 15.20% …

Mubasher: NIP Group Incorporation, a leading esports organisation, has priced its initial public offering (IPO) of 2.25 million American depositary shares (ADSs) at $9.00 per ADS, according to a press release. The total offering size stood at …

Dubai– Mubasher: The net profits of Dubai Financial Market Company (DFM) stood at AED 181.37 million in the first half (H1) of 2024, up year-on-year (YoY) from AED 112.18 million. Total income increased by 40% YoY to AED 305.69 million in H1-24 …

Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) posted a 21% rise in net profit after tax to AED 1.08 billion during the first half (H1) of 2024, compared to AED 900.80 million in H1-23. Operating income hiked by 8.70% …

Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has achieved a significant milestone in advancing 5G technology in the Middle East and Africa (MEA) in partnership with Nokia and MediaTek. A recent trial boosted uplink (UL) …

UAE – Mubasher: Dubai's real estate market is poised for significant growth, with over 30,000 residential units expected to be handed off in the second half (H2) of 2024, according to a report by W Capital, a leading real estate brokerage firm in …