UAE news

Dubai – Mubasher: Gulf Navigation Holding (GNH) turned to net losses valued at AED 11.48 million in the first quarter (Q1) of 2024, against net profits worth AED 13.49 million in Q1-23. Revenues amounted to AED 23.83 million in the first three …

UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Wednesday’s trading session lower by 43.60 points (1.05%) at 4,093.25 points. A total of 214.53 million shares were exchanged during the session at a value of AED 375.85 million. …

Cairo – Mubasher: Infinity Power, Hassan Allam Utilities, and Abu Dhabi Future Energy Company (Masdar) have signed a land access agreement with the Egyptian government for a 10-gigawatts (GWs) onshore wind farm in Egypt. The agreement gives the …

Mubasher: Ithmaar Holding, which is listed on Bahrain Bourse as well, generated net profits attributable to the owners amounting to $6.84 million in the first quarter (Q1) of 2024. The recorded net profits were against net losses worth $3 million …

Dubai – Mubasher: Emaar Development achieved a 50% leap in property sales to AED 12.90 billion ($3.50 billion) in the first quarter (Q1) of 2024, versus AED 8.60 billion ($2.30 billion) in Q1-23. The real estate developer successfully launched 10 …

Dubai – Mubasher: The net profits attributable to the equityholders of National Central Cooling Company (Tabreed) hit AED 112.13 million in the first quarter (Q1) of 2024. The generated net profits retreated from AED 236.36 million in Q1-23, …

Dubai – Mubasher: Union Properties generated net profits after tax worth AED 16.47 million in the first quarter (Q1) of 2024, up year-on-year (YoY) from AED 12.29 million. Revenues from contracts with customers jumped to AED 138.11 million in …

Abu Dhabi – Mubasher: Al Yah Satellite Communications Company (Yahsat) logged net profits attributable to the shareholders valued at $52.90 million in the first quarter (Q1) of 2024. The recorded net profits were higher year-on-year (YoY) than …

Dubai – Mubasher: The net profits after tax of Deyaar Development amounted to AED 72.96 million in the first quarter (Q1) of 2024, an annual hike from AED 56.35 million. The DFM-listed company posted revenues valued at AED 327.84 million in Q1-24, …

UAE – Mubasher: Dubai has ranked first in the Financial Times’ list of top global greenfield foreign direct investments (FDI) destinations in 2023, for the third year in a row. The emirate attracted 1,070 global greenfield projects in 2023, …

Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) logged net profits attributable to the owners amounting to AED 1.90 million in the first quarter (Q1) of 2024. The registered profits were compared to net losses worth AED 2.90 million …

Dubai – Mubasher: Emaar Properties delivered resilient performance and operational efficiency across its various businesses during the first quarter (Q1) of 2024, according to a press release. The revenues stood at AED 6.70 billion ($1.80 billion) …

Mubasher: The net profits attributable to the shareholders of GFH Financial Group hit $27.13 million in the first quarter (Q1) of 2024, up 13.03% year-on-year (YoY) from $24 million. Total income stood at $162.97 million in the January-March 2024 …

Dubai – Mubasher: Al Firdous Holding incurred net losses valued at AED 526,339 in fiscal year (FY) 2023/2024, lower year-on-year (YoY) than AED 930,020. Loss per share hit AED 0.0009 in FY23/34, compared to AED 0.0015 in FY22/23, according to the …

Dubai – Mubasher: Al Ramz Corporation Investment and Development registered AED 1.61 million in net profit during the first quarter (Q1) of 2024, compared to AED 7.32 million in Q1-23. Net finance income amounted to AED 12.09 million in Q1-24, …

Abu Dhabi – Mubasher: The net profits after tax attributable to the shareholders of Phoenix Group hiked to $66.15 million in the first quarter (Q1) of 2024 from $24.87 million a year earlier. Revenues from contracts with customers reached $68.93 …

UAE – Mubasher: The main index DFMGI of Dubai Financial Market (DFM) declined by 36.43 points (0.87%) on Tuesday, closing the session at 4,136.85 points. A total of 259.65 million shares were exchanged at a turnover of AED 694.23 million. BHM …

UAE – Mubasher: Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company, has announced a gas discovery in Indonesia. The discovery is located in the Tangkulo-1 exploration well, drilled in South Andaman, about 65 kilometres …

Dubai – Mubasher: The net profits attributable to the shareholders of Dubai Investments shrank to AED 119.96 million in the first quarter (Q1) of 2024 from AED 314.44 million a year earlier. Total income amounted to AED 791.88 million in Q1-24, an …

Abu Dhabi – Mubasher: AD Ports Group logged net profits attributable to the equityholders valued at AED 313.83 million in the first quarter (Q1) of 2024, down from AED 330.93 million a year earlier. Revenues more than doubled to AED 3.88 billion …

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has announced an expansion plan aiming at improving business banking services across the UAE. The plan includes strategic collaborations with key partners specialising in serving the small-, and …

Abu Dhabi – Mubasher: Fertiglobe logged net profits amounting to $154.40 million in the first quarter (Q1) of 2024, down year-on-year (YoY) from $188.80 million. The revenues stood at $551.90 million in the January-March 2024 period, compared to …

Mubasher: Initial public offering (IPO) in the GCC has raised $931 million in the first quarter (Q1) of 2024, a 73% year-on-year (YoY) plunge from $3.50 billion in the comparative period of 2023, according to a report by Kuwait Financial Centre …