Dubai Financial Market
April 28, 2023

Dubai Financial Market has reported a 30% increase in its Q1 2023 net profit, reaching AED35.6 million.

The Dubai Financial Market financial results for Q1 2023 showed strong performance, with total revenue reaching AED71.8 million and operating profit at AED35.6 million.

Mashreq
April 28, 2023

Mashreq’s operating profit has surged by 96% during the first quarter of 2023.

Mashreq Bank reported strong Q1 2023 results, with net profit increasing by 71% to AED 1.3 billion from AED 764 million in Q1 2022.

Borouge
April 28, 2023

Borouge, a company listed on the ADX, reported Q1-2023 revenues of $1.38B due to improved pricing and cost efficiency.

Borouge has demonstrated remarkable resilience and adaptability with its strong Q1-2023 financial results, which were supported by strong demand for its products in key markets and cost-efficiency measures.

Al Ghurair Foods
April 28, 2023

Al Ghurair Foods is set to allocate a budget of Dh1 billion towards the construction of three food processing facilities in Abu Dhabi.

Al Ghurair Foods’ investment in the construction of three food processing plants in Abu Dhabi is a significant milestone for the UAE’s food industry.

VARA
April 28, 2023

The deadline set by Dubai for crypto companies to fall under the VARA framework is significant.

The Dubai Financial Services Authority (DFSA) has set a deadline of October 31, 2021 for crypto companies to comply with the Virtual Asset Regulatory Framework (VARA).

Secretary General
April 28, 2023

OPEC’s Secretary General recommends caution with regards to endangering significant oil investments by the IEA.

OPEC Secretary General Mohammad Barkindo has argued that the IEA’s report fails to acknowledge the significant investments made in the oil and gas sector, and that a sudden shift away from these investments could have dire economic consequences.

Emirates
April 28, 2023

Emirates introduces the world’s inaugural robot check-in attendant at its latest DIFC site in Dubai.

Emirates has taken a bold step toward the future of air travel with the launch of its robot check-in assistant, Marhaba.

Dubai Investments
April 28, 2023

Dubai Investments has approved a 12.5% cash dividend and is looking to broaden its investment portfolio.

Dubai Investments has demonstrated its commitment to creating long-term value for its shareholders with the approval of a cash dividend and plans to expand its investment portfolio.

Sobha Realty
April 27, 2023

Sobha Realty has unveiled a new all-villa project in Dubai, costing Dh2.8 billion and featuring an innovative ‘forest’ cover.

Sobha Realty has recently launched an ambitious Dh2.8 billion all-villa project in Dubai, called Hartland Forest Villas.

Dana Gas
April 27, 2023

Shareholders of Dana Gas have given their approval for a cash dividend of 4.5 fils per share for the second half of 2022.

Dana Gas has announced a cash dividend of 4.5 fils per share for the second half of 2022, reflecting its strong financial performance and confidence in the long-term growth prospects of its business.

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