Commercial Bank of Dubai
May 4, 2023

In the first quarter of 2023, Commercial Bank of Dubai’s net profit has surged by 33.4%, reaching Dh575 million.

The Commercial Bank of Dubai’s strong financial performance in Q1 2023 highlights the resilience of the banking sector in the UAE, despite the pandemic.

Majid Al Futtaim
May 4, 2023

Majid Al Futtaim’s Tilal Al Ghaf project in Dubai has brought the total value of sales in the project to Dh200 million.

The recent sale of a Dh200 million mansion at the Majid Al Futtaim in Dubai has set a new price benchmark for luxury properties in the emirate.

Abu Dhabi
May 4, 2023

In Q1 2023, Abu Dhabi’s real estate market witnessed a surge in transactions, with a value of AED 27.9 billion, representing a 147% increase.

The real estate sector in Abu Dhabi has recorded property sales and mortgages worth Dh27.9 billion in the first quarter of 2023.

Dubai Marina
May 4, 2023

Dubai Marina and JBR witnessed significant increases in property rent during the first quarter of 2023.

The rental market in Dubai during the first quarter of 2023, with a focus on popular locations such as Dubai Marina and JBR.

PMI
May 4, 2023

In April, the PMI for Saudi Arabia increased to 59.6 due to the improvement of non-oil business activities.

The latest report on the Saudi Arabia PMI indicates an improvement in non-oil business activities in the country in April 2023.

cyberattack
May 4, 2023

Every day, more than 50,000 cyberattacks targeting critical national sectors are prevented in the UAE.

The UAE has been a prime target for cyberattacks due to its advanced digital infrastructure and strategic importance.

Base Rate
May 4, 2023

The UAE has increased its base rate by 25 basis points.

The UAE’s economy has been on the path of recovery, and the decision to raise the Base Rate is in line with the country’s long-term economic goals.

Aldar
May 3, 2023

Aldar, based in Abu Dhabi, has reported a YoY increase of 22% in its Q1 net profit.

Abu Dhabi’s Aldar Properties has reported a YoY increase of 22% in its Q1 net profit, driven by increased demand from both international and resident expat buyers.

E&
May 3, 2023

In the first quarter of 2023, Dubai-based company E& reported a consolidated revenue of Dh13 billion.

e&, has reported its consolidated financial results for Q1 2023, revealing a YoY increase of 6.6%.

Multiply Group
May 2, 2023

The net profit for Q1-2023 of Multiply Group in Abu Dhabi has reached Dh266m.

Abu Dhabi investment firm Multiply Group reported a net profit of Dh266 million for Q1-2023, marking a 241% increase from the previous year.

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