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Losses from rate cuts to reach around $2.8 billion or 1.9 percent of GCC banks' total equity
Banks demonstrated resilience and proactive strategies in adapting to market conditions
The group revenues reached $3.7 billion, marking a 5.3 percent increase compared to the previous year
The company's gross profit margin also demonstrated strength, reaching 41.2 percent in the quarter
By the end of March, revenues amounted to around $7.27 billion, down from $8.31 billion in the same period of 2023
The net profit for the quarter amounted to $275 million, reflecting a substantial 26 percent year-on-year increase
Toll usage revenue also grew by 8.1 percent YoY to $133.67 million
Agreement to facilitate the settlement of cross-border trade transactions in the two national currencies
The Authority saw growth in ESG securities listings, totaling $11.72 billion in new ESG bonds and Sukuk listed
The airline’s revenue rose by $268.7 million from Q1 2023 to Q1 2024
The solid performance is attributed to ADNIC's strong underwriting discipline and substantial growth in key metrics
The deal aims to expedite AI innovation, cultivate cutting-edge energy and industry solutions
This represents a 34 percent increase compared to the net profit of $145.1 million achieved during the same period last year
Cash flow from operating activities stands at $33.59 billion
Domestic gas net income unit margin saw a 20 percent Y-o-Y improvement
The strong financial performance across the group during Q1 '24 was highlighted by a record revenue of $3.86 billion
Non-oil economy will continue to grow with increased government investments in Vision 2030 projects
The Minister promoted investment and private sector activities in agricultural industrialization with 341 technological centers
The cofinancing will support projects that include climate change, transportation, energy, agriculture, ICT
Total private bids amounted to QAR5.4 billion
Interest rate cuts by the Fed, expected earlier this year, have been delayed due to stubbornly high inflation
Real estate transactions, demand and prices in Dubai witnessed a surge in recent years
UAE banks' monetary base expanded 2.7 percent monthly to AED688.7 billion in February
The payment solution is now available at multiple locations across the UAE
