Al Yah Satellite Communications Company (Yahsat) has unveiled its financial performance for the first half of 2023, revealing a stable revenue of AED 753 million (US$205 million). The company reported encouraging growth in EBITDA and net income, with increases of 3% and 5% respectively, standing at AED 460 million (US$125 million) and AED 175 million […]
Oman, a key player in the global energy landscape, has witnessed a significant boost in its natural gas production, marking a 2.3% increase in the first half of 2023 compared to the same period in the previous year. The latest statistics released by the National Centre for Statistics and Information (NCSI), and reported by Times […]
In a dynamic day for the tech market, Amazon.com exhibited remarkable resilience by closing up more than 8 percent on Friday. The surge in Amazon’s stock value was attributed to positive signs indicating robust performance in its key growth engines – e-commerce and cloud-computing. This optimistic performance stood in stark contrast to Apple, which witnessed […]
ABU DHABI, 4th August, 2023 (WAM) — Burjeel Holdings, a prominent Healthcare Services Provider based in the UAE and MENA region, listed on the Abu Dhabi Securities Exchange (ADX), has unveiled its impressive financial performance for the first half of 2023, ending on June 30th. The company reported a remarkable 47% increase in net profit […]
Abu Dhabi-based tactical gear manufacturer, Black Cobra Military Supplies (BCMS), and OSTIM Defense and Aerospace Cluster in Ankara (OSSA), Republic of Türkiye, have inked a Memorandum of Understanding (MoU) during the International Defence Exhibition 2023 in Istanbul. The agreement aims to create substantial opportunities for growth and innovation in the defence and aerospace sectors, fostering […]
EasyLease, the leading Mobility Solution company and a subsidiary of Abu Dhabi-based International Holdings Company (IHC), has announced its financial results for the first half of 2023, ending on 30th June. The company reported AED 139 million in revenue, marking a substantial 37.5 percent year-on-year (YoY) increase over H1 2022. Additionally, EasyLease’s gross profit saw […]
United Arab Bank (UAB) has announced its financial results for the six months ended June 30, 2023, reporting a net profit of AED 120.5 million. This figure represents a significant increase of 45 percent compared to the net profit of AED 83.3 million achieved in the same period in 2022. The growth in net profit […]
The United Arab Emirates (UAE) is gearing up to exhibit its cutting-edge defense capabilities and strengthen strategic relations at the 16th edition of the International Defense Industry Fair (IDEF 23), scheduled to take place in Istanbul between 25th and 28th July 2023.
In a significant effort to address the pressing climate crisis and achieve a responsible, logical, and equitable transition in the global energy sector, the COP28 UAE Presidency and the International Energy Agency (IEA) have initiated a series of high-level dialogues leading up to COP28. These dialogues aim to foster consensus on 1.5°C-aligned energy transition pathways […]
Dubai, 20th July 2023 (WAM) – DMCC has taken a significant step towards advancing agricultural commodities trade with South Asia by partnering with CG Agrotech, a leading agricultural commodities business in Nepal. This strategic collaboration aims to bolster bilateral trade between the UAE and key markets across South Asia in the agri commodities sector. As […]