#Revenue

Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank posts 125% rise in Q1 net profit

Its revenue increased 3.3 per cent to Dhs1.33bn

UAE’s flydubai reports loss of $194m for 2020

The carrier reported total annual revenue of Dhs2.8bn ($773m) for 2020

UAE’s Transguard Group posts 86.2% dip in profit for FY20/21

The company posted revenue of Dhs1.87bn for FY 20/21

Oman’s first quarter deficit rises to $2bn

Public revenue was OMR1.82bn at the end of March

Dubai’s Damac posts Dhs1bn 2020 loss; head says market recovery may take up to 2 years

The developer posted Dhs4.7bn in total revenues for 2020

Dubai’s DIFC Investments full-year profit declines 74%

Full-year profit net income fell to $31m

Dubai’s Emaar Properties posts 58% slump in net profit for 2020

Emaar now has a total sales backlog of Dhs36.677bn, of which Dhs24.738bn is in the UAE

Saudi economy grew 2.8% in fourth quarter as Covid impact eased

Saudi Arabia was hit hard last year as a drop in crude prices decimated government revenue while measures to stop the spread of the coronavirus limited economic activity

Qatar’s first IPO since 2019 sees shares in QLM soar 24%

The listing was the first in Qatar since the debut of dairy producer Baladna at the end of 2019

Oman expected to add $779m in revenue from VAT this year

The country last year announced it would impose a 5 per cent VAT in an effort to bolster the economy

Dubai’s Emaar Properties posts 35% drop in net profit for H1 2020

It recorded Dhs9.032bn in revenues for H1 2020