Air Arabia reported a net profit of Dhs1.42bn, a 13 per cent rise over the same period last year, with total revenues reaching Dhs5.49bn
As the peak demand season gradually ends, prices have yet to reflect expectations of mounting oversupply pressures
The tech giant posted its fastest revenue expansion since 2021, bolstered by a surprising 4 per cent rise in sales in Greater China
This is the first financial year that the UAE corporate tax, enacted in 2023, is applied to the Emirates Group
The results come as FAB undergoes a restructuring aimed at strengthening its business in the Gulf and boosting shareholder return
The company’s Board of Directors proposed a dividend of Dhs619.8m, which is to be paid in the first half of 2025 (H1)
According to CBUAE, the insurance sector’s growth was driven by increased policy activity, investment returns, and a rising demand for coverage in key areas such as property and employment
The country’s corporate tax regime will levy a standard rate of 9 per cent on taxable profits exceeding Dhs375,000
Overall, the tax rate will be a big win for the region’s businesses