Press Release: DEWA Announces Payment of H1 2023 Dividend Dubai Electricity and Water Authority PJSC (DEWA), listed on the Dubai Financial Market (DFM), has announced the payment of a dividend of AED 3.1 billion, equivalent to 6.2 fils per share, for the first half of 2023. This dividend payment is based on a record date…
9M’23 Net profit at AED 209 Million, up 76% YoY3rd quarter Net profit increases 35% sequentially Press release: United Arab Bank (UAB) Reports Strong Financial Performance for 9M’23 United Arab Bank (UAB) has announced robust financial results for the nine months ending on September 30, 2023, showcasing continued growth across its core businesses and the…
PRESS RELEASE: ATHEEB TELECOM ON 31/10/2023 Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change Sales/Revenue 237.89 148.02 60.71 206.33 15.29 Gross Profit (Loss) 77.5 43.12 79.73 70.66 9.68 Operational Profit (Loss) 52.77 10.98 380.6 35.81 47.36 Net Profit (Loss) after Zakat and Tax 47.89 6.63 622.32 52.6 -8.95 Total…
Dubai Islamic Bank Reports Strong Financial Performance in Q3 2023 Dubai, October 31, 2023 – Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, has announced its financial results for the period ending September 30, 2023. The bank has demonstrated robust growth across various key indicators, showcasing its resilience and strategic positioning…
REPORT BASED ON PRESS RELEASE : 02 Nov 2023 by ADX Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited (HSBC) have joined forces in a pioneering regional collaboration to develop digital fixed-income securities, marking a significant milestone in the Middle East’s capital market landscape. This innovative initiative harnesses ADX’s expertise as the…
PRESS RELEASE: Dubai, 26 October 2023 Emirates Islamic Records Remarkable Growth in 2023 Emirates Islamic, a leading Islamic bank in the UAE, has reported its highest-ever 9-month profit, achieving a remarkable surge of 56% to AED 1.65 billion during the first nine months of 2023. This exceptional performance was driven by increased funded and non-funded…
REPORT BASED ON PRESS RELEASE : BY TABREED ON NOV 09, 2023 Revolutionizing Energy Efficiency in District Cooling: HTMS Unveils Maxwell Nanofluid Technology In a groundbreaking partnership between Tabreed, a global leader in district cooling, and Ireland-based HT Materials Science (HTMS), a pioneering nanotechnology firm, a pilot project has demonstrated the immense potential of Maxwell…
BASED ON PRESS RELEASE : BY EMAARDEV ON NOV 09, 2023 Emaar Development Soars: A Look at the Numbers and the Oasis Project Emaar Development, the leading property development company in the UAE, has marked a remarkable achievement in the first nine months of 2023, recording a 25% increase in property sales, reaching AED 28.9…
REPORT ON PRESS RELEASE: BY UPP ON NOV 02, 2023 Union Properties Thrives with AED 20m Net Profit in Q3 2023 Amid Strong Demand in Dubai’s Real Estate Market Union Properties PJSC (“Union Properties” or the “Company”) (DFM symbol: UPP) has reported a robust net profit of AED 20 million for the third quarter of…
Market Announcement & Disclosure: TAWUNIYA 8010 Tawuniya Secures Contract to Provide Health Insurance Services to Saudi Telecom Company Group The Company for Cooperative Insurance, widely known as Tawuniya, has announced a significant milestone in its operations. On October 1, 2023 (corresponding to 1445-03-16), Tawuniya received a firm order from the Saudi Telecom Company Group to…