Finance & Business

Abu Dhabi, May 10 / The Central Bank of the United Arab Emirates revealed its annual report for the year 2022, in which it reviews the most important achievements and initiatives that enhance monetary and financial stability in the country, in addition to the projects and initiatives that were launched …

Saeed Al Qatami, CEO of Deyaar Development, revealed that the company plans to enter the Abu Dhabi market, indicating that the company intends to announce new projects worth 3.5 billion dirhams during the second half of 2023, bringing the total value of projects under design and development to 6.7 billion …

Abu Dhabi, May 9, “Barjeel” Holding announced that it achieved a net profit of 121.3 million dirhams, an increase of 43.4 percent year-on-year in the first quarter of this year, which indicates the improvement in the operational efficiency of the group and the strategic shift towards specialized and advanced services. …

Abu Dhabi, May 9 / FertiGlobe, the strategic partnership between ADNOC and OCI Global, announced today that it achieved revenues during the first quarter of 2023 amounting to $ 694 million, and adjusted earnings before interest, tax, depreciation and amortization amounted to $ 297 million, Adjusted net profit amounted to …

Travel traffic through Dubai International Airport continued to achieve outstanding results during the current year, as it received about 21.2 million passengers during the first quarter, bringing it closer to the travel indicators achieved during the same period in 2019 by 95.6%. This achievement comes after the impressive results achieved …

Growth in Dubai’s non-oil economy accelerated to an eight-month high in April, the latest PMI data showed as sales and activity rose at faster rates, supported by a stronger decline in prices. The index indicated a strong improvement in business conditions, the strongest since January 2010. As costs stabilized and …

Abu Dhabi, May 8 / Today, Al Yah Satellite Communications Company “Yahsat” announced its consolidated financial results for the first quarter of the year 2023 ending on March 31, 2023. The company maintained continuous growth in revenues, EBITDA, and net income, by 2%, 4% and 35%, respectively, on an annual …

The Iraqi Oil Marketing Company (SOMO) announced that it set the official selling price for Basra Medium crude in June to Asia, at a discount of 15 cents from the average prices of Oman / Dubai. It also set the official selling price for Basra Medium crude in June to …

Khazna Data Center announced its plans to enter the Egyptian market, in cooperation with the Benya Group, to establish the first large-scale modern data center in Egypt, at a cost of $250 million, in the Maadi Technology Zone, the first specialized investment zone in Egypt. It is expected that the …

Abu Dhabi, May 8 / His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, welcomed the international investment community at the Annual Investment Forum 2023, which kicked off today at the Abu Dhabi National Exhibition Center “ADNEC” under the patronage of His Highness Sheikh Khalid …