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8 August 04:52 PM Emaar Development’s property sales hit AED 29.7bn in H1-24
Dubai – Mubasher: Emaar Development registered a 56% increase in property sales to AED 29.70 billion ($8.10 billion) in the first half (H1) of 2024, compared to AED 19 billion ($5.20 billion) in H1-23. This performance was attributed to Emaar …
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8 August 03:52 PM UAE stock markets close Thursday with varied performance
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) fell by 1.73 points (0.04%) on Thursday, closing the session at 4,195.94 points. A total of 158.17 million shares were traded at a turnover worth AED 474.79 million. …
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8 August 03:03 PM Burjeel Holdings unveils H1-24 financials, Saudi expansion plans
Abu Dhabi – Mubasher: Burjeel Holdings achieved net profits valued at AED 168.87 million in the first half (H1) of 2024, down year-on-year (YoY) from AED 224.71 million. Revenue hiked by 10% to AED 2.38 billion in January-June 2024 from AED 2.16 …
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8 August 01:43 PM RAK Properties generates 19% higher revenues in H1-24; profits hit AED 89m
Abu Dhabi – Mubasher: RAK Properties logged net profits valued at AED 89.05 million in the first half (H1) of 2024, marking an annual rise from AED 88.18 million. Revenues amounted to AED 610.37 million in H1-24, higher by 19% year-on-year (YoY) …
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8 August 10:42 AM ADNOC Distribution’s H1-24 profits to owners exceed AED 1.1bn; dividends announced
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) recorded net profits attributable to the owners valued at AED 1.17 billion in the first half (H1) of 2024. The generated net profits were higher by 7.70% …
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7 August 04:42 PM DFMGI, FADGI close Wednesday’s session higher
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) rose by 60.35 points (1.45%) to close Wednesday’s session at 4,197.67 points. A total of 232.78 million shares were traded, generating a turnover of AED 478.45 million. …
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7 August 02:53 PM Agthia Group’s net profits jump 32% in H1-24
Abu Dhabi – Mubasher: net profits of Agthia Group stood at AED 189.98 million in the first half (H1) of 2024, marking an annual rise of 31.80% from AED 144.10 million. Revenues from contracts with customers amounted to AED 2.51 billion in H1-24, …
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7 August 01:51 PM Empower sees lower net profits in H1-24
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) achieved net profits after tax valued at AED 389.52 million in the first half (H1) of 2024, marking an annual drop from AED 402.95 million. Meanwhile, the revenues grew …
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7 August 01:06 PM Amlak Finance’s revenues up 10% in H1-24; profits fall
Dubai – Mubasher: Amlak Finance recorded lower net profits at AED 30 million in the first half (H1) of 2024, compared to AED 138 million in H1-23. Revenue from the financing and investing business increased by 10% year-on-year (YoY) to AED 66 …
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7 August 11:50 AM ADNOC L&S posts $401m profits in H1-24; revenues leap 42%
Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) generated net profits valued at $401 million in the first half (H1) of 2024, higher by 31% than $307 million in H1-23. The revenues hiked by 42% year-on-year (YoY) to $1.74 billion in …
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7 August 10:30 AM IHC delivers AED 12.3bn profits in H1-24; revenues surge 46%
Abu Dhabi – Mubasher: The net profits of International Holding Company (IHC) jumped by 18% to AED 12.31 billion in the first half (H1) of 2024 from AED 10.39 billion in H1-23. The revenues stood at AED 41.74 billion in H1-24, up 46% year-on-year …
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7 August 09:38 AM Egypt’s Qardy secures funding round to expand in MENA
Cairo – Mubasher: Egypt-based fintech Qardy has raised a seven-figure pre-seed funding round in USD, led by White Field Ventures, Vastly Valuable Ventures, and other angel investors. Qardy is the first digital lending marketplace in Egypt and the …
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6 August 04:45 PM The Rig visitors to have premium transportation services upon THC’s partnership with PIF-owned OPDC
Riyadh – Mubasher: Visitors travelling to and from The Rig, the world's first offshore adventure tourism destination in the Arabian Gulf, will be offered a premium helicopter transport service as per a collaboration between Oil Park Development …
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6 August 04:02 PM UAE stock markets close Tuesday in green zone
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) added 91.42 points (2.26%) at the end of Tuesday’s session to close at 4,137.32 points. A total of 323.49 million shares were exchanged at a trading value of AED 718.42 …
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6 August 10:23 AM Presight witnesses growth in H1-24 financials
Abu Dhabi – Mubasher: The net profits after tax of Presight AI Holding hiked to AED 176.43 million in the first half (H1) of 2024 from AED 139.39 million in H1-23. The company generated revenues worth AED 603.54 million in H1-24, higher …
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5 August 10:36 AM ADNOC Drilling unveils H1-24 financials, dividends; Enersol to acquire EV Holdings
Abu Dhabi – Mubasher: ADNOC Drilling Company generated net profits worth $570 million in the first half (H1) of 2024, higher by 28% than $446 million in H1-23. The revenues hiked by 26% year-on-year (YoY) to $1.82 billion in H1-24 from $1.44 …
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4 August 05:03 PM Waha Capital’s profits up to over AED 204.5m in H1-24
Abu Dhabi – Mubasher: The net profits attributable to the owners of Waha Capital stood at AED 204.67 million in the first half (H1) of 2024, marking an annual rise of 21% from AED 168.85 million. Net operating income amounted to AED 529.26 million …
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4 August 04:29 PM NCTH’s profits fall to AED 30m in H1-24
Abu Dhabi – Mubasher: National Corporation for Tourism and Hotels (NCTH) registered net profits valued at AED 30.18 million in the first half (H1) of 2024, down year-on-year (YoY) from AED 35.87 million. Revenue hiked to AED 335.10 million in the …
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4 August 02:28 PM Tecom Group unveils AED 603m profits in H1-24, dividends
Dubai – Mubasher: Tecom Group achieved net profits worth AED 603.04 million in the first half (H1) of 2024, an annual increase of 24% from AED 484.59 million. The revenues increased by 9% year-on-year (YoY) to AED 1.14 billion in H1-24 from AED …
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4 August 01:33 PM Emirates Steel Arkan reports drop in H1-24 profits to AED 174.5m
Abu Dhabi – Mubasher: Emirates Steel Arkan recorded lower net profits at AED 174.47 million in the first half (H1) of 2024, compared to AED 280.47 million in H1-23. The company generated revenues amounting to AED 3.95 billion in H1-24, down 10% …
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4 August 10:17 AM Union Properties doubles profits in H1-24 financial results
Dubai – Mubasher: Union Properties logged net profits valued at AED 34.77 million in the first half (H1) of 2024, doubling its profits compared to AED 17.71 million in H1-23. Revenues from contracts with customers hiked year-on-year (YoY) to AED …
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1 August 03:27 PM UAE stock markets close Thursday’s session up
UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 14.88 points (0.34%) and closed Thursday’s trading session at 4,282.93 points. A total of 267.97 million shares were exchanged during the session at a value of AED 488.80 …
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1 August 02:51 PM Abu Dhabi National Hotels logs AED 1.1bn profits to shareholders in H1-24
Abu Dhabi – Mubasher: Abu Dhabi National Hotels achieved higher net profits attributable to the owners at AED 1.15 billion in the first half (H1) of 2024, compared to AED 239.36 million in H1-23. Revenue from contracts with customers hiked to AED …
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1 August 01:46 PM e&’s profits to shareholders hit AED 5.4bn in H1-24; dividends proposed
Abu Dhabi – Mubasher: The net profits attributable to the owners of e& amounted to AED 5.49 billion in the first half (H1) of 2024, an annual leap from AED 4.70 billion. The company posted revenues valued at AED 28.30 billion in H1-24, up …
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1 August 12:33 PM Alpha Dhabi Holding witnesses solid performance in H1-24; revenues exceed AED 29bn
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 …