Mubasher: Saudi Arabia’s Emaar The Economic City has teamed up with the UAE-based Aramex to advance sustainable logistics solutions in King Abdullah Economic City (KAEC), according to a press release. The agreement aims to minimise environmental …
Abu Dhabi – Mubasher: The net profits of Alpha Dhabi Holding amounted to AED 4.59 billion in the first quarter (Q1) of 2024, down from AED 7.31 billion in Q1-23. The ADX-listed group posted revenues totalling AED 14.19 billion in Q1-24, marking an …
Abu Dhabi – Mubasher: ADNOC and G42 have teamed up with the listed Presight AI Holding to unveil a new shareholding structure for Abu Dhabi-headquartered AIQ, which will continue as a standalone company. Under the agreement, Presight will acquire …
Abu Dhabi – Mubasher: Commercial Bank International (CBI) registered a 19% increase in net profit before tax to AED 40.42 million during the first quarter (Q1) of 2024 from AED 34.03 million in Q1-23. CBI also posted AED 36.91 million worth of net …
Abu Dhabi – Mubasher: Multiply Group registered a net profit excluding fair value changes of AED 393 million in the first quarter (Q1) of 2024, up 48% year-on-year (YoY) from AED 266 million. The group revenue surged by 45% YoY to AED 391 million …
Abu Dhabi – Mubasher: Emirates Driving Company’s consolidated net profit after tax inched higher to AED 63.97 million in the first quarter (Q1) of 2024 from AED 63.15 million in the same quarter last year. Revenues increased to AED 90.14 million …
Dubai – Mubasher: Tecom Group posted a 15% year-on-year (YoY) jump in net profit to AED 293 million in the first quarter (Q1) of 2024 from AED 255 million. Revenues increased by 10% YoY to AED 564 million in Q1-24 from AED 514 million, according …
Dubai– Mubasher: Dubai Financial Market (DFM) has launched a stand-alone iVestor App, a digital platform set to offer digital financial management for investors, according to a press release. The iVestor App offers a wide range of features to make …
Abu Dhabi – Mubasher: Bank of Sharjah logged net profits attributable to the owners valued at AED 80.67 million in the first quarter (Q1) of 2024. Net operating income hit AED 142.80 million in Q1-24, while the basic and diluted earnings per share …
Abu Dhabi – Mubasher: Pure Health Holding witnessed year-on-year (YoY) higher net profits at AED 490.64 million in the first quarter (Q1) of 2024, compared to AED 219.11 million. Revenues jumped to AED 6.11 billion in Q1-24 from AED 4.02 billion …
Abu Dhabi – Mubasher: National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), was awarded a project contract valued at $653.17 million. The ADX-listed company highlighted that the engineering and …
Abu Dhabi – Mubasher: Emirates Stallions Group (ESG) fully acquired Sawaeed Holding after increasing its stake in the latter by 83.89%, according to a press release. The transaction bolsters ESG’s manpower portfolio and anchors the group’s …
UAE – Mubasher: Magnati, a Middle Eastern payments solutions provider, has entered into a partnership with Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) to enhance the experience of retail customers. The partnership includes …
Mubasher: The net profits attributable to the shareholders of National Mobile Telecommunications Company (Ooredoo) reached QAR 912.93 million in the first quarter (Q1) of 2024. The generated net profits were lower by 5% year-on-year (YoY) than QAR …
Dubai– Mubasher: Dubai Financial Market (DFM) has launched ARENA, an innovative platform for initial private offerings. ARENA by DFM will support the growth of companies and investors in the Middle East and North Africa (MENA) region through …
Abu Dhabi – Mubasher: The net profits of e& jumped year-on-year (YoY) to AED 2.45 billion in the first quarter (Q1) of 2024 from AED 2.30 billion. The telecom group posted revenues valued at AED 14.21 billion in Q1-24, marking an annual increase …
Abu Dhabi – Mubasher: The annual general meeting (AGM) of Fertiglobe approved a cash dividend of $200 million, equivalent to 9 fils per share, for the second half (H2) of 2023. This brings the amount of the full-year dividend to $475 million, …
Abu Dhabi – Mubasher: The net profits after tax of First Abu Dhabi Bank (FAB) surged by 6% year-on-year (YoY) to AED 4.15 billion in the first quarter (Q1) of 2024 from AED 3.92 billion. Total income stood at AED 7.97 billion in Q1-24, higher by …
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) logged net profits valued at AED 602.91 million in the first quarter (Q1) of 2024, an annual hike from AED 370.48 million. Revenues grew year-on-year (YoY) to AED 3.58 billion …
Abu Dhabi – Mubasher: The shareholders of ADNOC Logistics & Services (ADNOC L&S) approved the final 2023 dividend of $130 million (AED 477 million), equivalent to 6.45 fils per share. The cash dividend will be paid to shareholders who own ADNOC …
Abu Dhabi – Mubasher: The net profits of Borouge amounted to $272.70 million in the first quarter (Q1) of 2024, an annual increase of 37% from $199.28 million. The company's revenues dropped by 6% to $1.30 billion in Q1-24 from $1.38 billion in …
Abu Dhabi – Mubasher: The National Bank of Fujairah (NBF) witnessed an annual leap in net profits to AED 251.05 million during the first quarter (Q1) of 2024, compared to AED 152 million. The operating income amounted to AED 614 million as of 31 …
Dubai– Mubasher: Dubai Financial Market Company (DFM) recorded net profits attributable to the owners valued at AED 89.57 million in the first quarter (Q1) of 2024. The registered net profits were higher than AED 35.59 million in Q1-23, according …
Dubai – Mubasher: Passavant Energy and Environment Limited, a subsidiary of Drake & Scull International (DSI), won a new project to design and build an expanded wastewater treatment plant in Saudi Arabia. The unit was awarded the project in …
Abu Dhabi – Mubasher: The board of Response Plus Holding approved the distribution of AED 20 million as cash dividends to shareholders for the fiscal year that ended on 31 December 2023. The announcement was ratified during the annual general …
