MediaIn + WAM October 28, Agthia Group reported a net profit of AED 159 million for the first nine months of 2018, a 9% increase over the same period last year. Agthia also reported net income of AED 1.49 billion, while gross profit margin reached a record 34.7% as a …
Read More »AED 2.65 billion in hotel revenues in Abu Dhabi in 6 months
MediaIn + WAM / October 28, 2018 The value of hotel income in Abu Dhabi reached AED 2.65 billion during the first half of 2018, boosted by an increase in the number of guests and overnight stays. The number of guests rose to 2.4 million guests and nights to 6.3 …
Read More »US stocks end lower
2018 – Media In + Agencies October 26 Major Wall Street indexes closed lower today. The Dow Jones industrial average fell 296.24 points, or 1.19 percent, to 24688.31 points. The broader Standard & Poor’s 500 Index shed 1.73 percent, or 46.88 points, to close at 2658.69 points. . The NASDAQ …
Read More »Emirates Airbus A380 to operate in St. Petersburg
Media In / WAM October 26, 2018 Emirates began operating the Airbus A380 instead of the Boeing 777 four days a week between Dubai and St. Petersburg to meet growing demand for travel during the holiday season. More than 2,350 passengers are expected to travel from October 25 to 29, …
Read More »Economy” is looking for partnership opportunities with the Chinese business community
Media In + WAM October 26, 2018 His Excellency Abdullah bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade, said that the trade and investment relations between the UAE and the People’s Republic of China are witnessing great growth and acceleration in light of the comprehensive …
Read More »AED 3.8 million profit for the third Arab auction in Bahrain.
Media IN + Agencies – Sharjah 25 October 2018 Arab Auction, which was established in the Kingdom of Bahrain under the umbrella of the Emirates Auction, achieved a higher than expected profit during the auction held yesterday in Manama on the figures of the paintings of cars amounted to 3.8 …
Read More »National Bank of Abu Dhabi (NBAD) announced yesterday that it has posted 11.7 billion dirhams in profits.
Media IN+ Agencies – Abu Dhabi – 25 October 2018 Net profits of 11 national banks rose to 22.7 billion dirhams in the first nine months of 2018, an increase of 11.3 percent compared to 20.4 billion dirhams during the same period of 2017. According to the analysis of the …
Read More »Business Forum between UAE and Mauritius discusses investment promotion
Media News – Agencies – Port Louis October October 2018 The Federation of UAE Chambers of Commerce and Industry participated in the UAE-Mauritius Business Forum held yesterday in Port Louis, capital of Mauritius. The aim of the forum, organized by the Ministry of Foreign Affairs and International Cooperation, the Federation …
Read More »Etisalat Group’s revenues reach AED 39.4 billion, an annual increase of 3% over 9 months
Media In + WAM / Abu Dhabi Etisalat said it achieved consolidated revenues of AED 39.4 billion for the nine months ended 30 September 2018, a growth of 3 per cent over the same period in 2017. Net consolidated profit after the federal franchise was AED 6.6 billion, While Etisalat’s …
Read More »Dubai Electricity Company announces the arrival of the number of “Green Charger” stations to 200
Media In / WAM October 25, 2018 Dubai Electricity and Water Authority (DEWA) said it has completed the second phase of the Green Charger initiative, which includes the installation of 100 new electric power stations across Dubai, bringing the total number of stations in Dubai to 200. This is part …
Read More »