Business UAE makes first cross-border digital dirham payment with $13.6 million mBridge transfer to China by ccadm April 3, 2024 April 3, 2024 The Central Bank of the UAE (CBUAE) has conducted its first cross-border digital dirham transfer using … 0 FacebookTwitterPinterestEmail
Business Dubai Financial Market reports 124% surge in net profit to Dh329.4 million in 2023 by ccadm April 3, 2024 April 3, 2024 Dubai Financial Market (DFM) Company has showcased an impressive 124% in net profit in 2023. The … 0 FacebookTwitterPinterestEmail
Business Dubai’s Tecom reports record net profit of Dh1.1 billion, dividends reach Dh400m by ccadm April 3, 2024 April 3, 2024 The UAE’s Tecom Group has announced it obtained its highest-ever revenues in 2023, reaching Dh2.2 billion, … 0 FacebookTwitterPinterestEmail
Business MENA markets raised $10.7 billion in 48 IPOs over 2023, according to EY by ccadm April 3, 2024 April 3, 2024 The Middle East and Africa witnessed 48 initial public offerings (IPOs) throughout 2023, raising $10.7 billion, … 0 FacebookTwitterPinterestEmail
Business ADNOC Distribution’s 2023 net profit drops 5% to Dh2.60 billion, EBITDA hits record Dh3.68 billion by ccadm April 3, 2024 April 3, 2024 Abu Dhabi’s ADNOC Distribution, the UAE’s largest fuel and convenience retailer reported a 5% year-on-year (YoY) … 0 FacebookTwitterPinterestEmail
Business Multiply Group’s 2023 net profit drops amid higher expenses, finance costs by ccadm April 3, 2024 April 3, 2024 UAE-based Multiply Group has reported a drop in profitability in 2023. Over the course of last … 0 FacebookTwitterPinterestEmail
Business UAE expands trademark registration, introduces 11 initiatives to bolster intellectual property by ccadm April 2, 2024 April 2, 2024 The UAE Ministry of Economy has initiated efforts to expand the scope of trademark registration, now … 0 FacebookTwitterPinterestEmail
Business DFSA eyes digital assets, cybersecurity and ESG in 2024 regulatory push by ccadm April 2, 2024 April 2, 2024 The Dubai Financial Services Authority (DFSA) stands at a pivotal juncture. As the independent regulator of … 0 FacebookTwitterPinterestEmail
Business Aramex reports fall in 2023 net profit amid market volatility, currency fluctuations by ccadm April 2, 2024 April 2, 2024 UAE logistics company Aramex has reported a 22% decline in net profit in 2023 to Dh129.29 … 0 FacebookTwitterPinterestEmail
Business UAE’s DEWA reports Dh29.2 billion record annual revenue in 2023 by ccadm April 2, 2024 April 2, 2024 The Dubai Electricity and Water Authority (Dewa) has obtained Dh29.2 billion in revenue in 2023, the highest … 0 FacebookTwitterPinterestEmail