The banking group had QAR1.23tn in total assets at the end of December, a 4 per cent increase, driven by growth in loans and advances
The banking and transportation divisions’ respective contributions to the wealth fund’s profit soared by Dhs8.2bn and Dhs7.7bn
The banking group’s net profit after tax and minority interest rose by 24 per cent to reach EGP395m
The company reported a 12.7 per year-on-year increase in profit to Dhs205.6m, with the faster rate of growth relative to revenue
The budget carrier flew more than 3.8 million passengers between April and June
The company’s mobility solutions registered strong double-digit growth in the second quarter of the year, up 12 per cent
The healthcare services provider’s H1 revenues surged by 13.9 per cent year-on-year to Dhs2.2bn, driven by an increase in patient footfall
The bank’s net profit surged by 9 per cent to reach $1.33bn (SAR5bn) in the three months to June 30
The wealth fund said its banking and financial services division, the largest contributor in 2022, generated Dhs15.3bn in net profit
The bank’s balance sheet expanded by 1.3 per cent YTD to Dhs292bn while customer deposits settled at Dhs198bn
The group’s aggregate subscribers reached 163 million last year, increasing 2.5 per cent over 159 million in 2021
The carrier flew 10.6 million passengers across its network last year, rising 89 per cent compared to 2021
The financial centre registered the highest number of new firms – totalling 1,084 – last year
Full-year revenues grew by 9.2 per cent to total Dhs12.75bn, while EBITDA increased by 12 per cent to equal Dhs5.14bn
The airline served more than 12.8 million passengers in 2022 from its seven hubs across the UAE, Morocco, Egypt, Armenia, and Pakistan
Its operating profit for the 2022 financial year came in at $73.8m, increasing 22 per cent
DEWA’s annual consolidated revenue increased 15 per cent to Dhs27.35bn in 2022
Revenue rose 17 per cent to reach $529m last year, compared to $452m in 2021
The lender reported a 36 per cent growth in total income, equalling Dhs32.5bn
The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021
The transaction marked the largest issue size in international capital markets by a GCC bank since February 2022
Seera’s travel platform, Almosafer, reported a 74 per cent rise in revenue, totalling SAR155m in the third quarter of 2022
The group announced a net profit of Dhs2.13bn for the nine-month period, ending September 30, registering a 38 per cent year-on-year growth
Demand for products from plastics to paint has soared in the past year with economies recovering from the coronavirus pandemic
It delivered about 936,000 cars in 2021
GCC banks are paving the way for a promising year
The world’s biggest crude producer’s third-quarter profit climbed to $30.4bn
There is often an over-emphasis in this region on price as if it was the most important factor in a deal
Revenue climbed 72 per cent year-on-year to $11.3bn
The state-controlled company sold sukuk due in three, five and 10 years