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Interviews
Binghatti’s AED40 billion portfolio boasts lifestyle-centric projects
Keen on carving its own niche in Dubai’s highly competitive real estate market
Banking & Finance
DIFC successfully repays $700 million sukuk on schedule
The Sukuk was issued to fund the Centre’s expansion, including Gate Avenue
Energy
Oil prices decline as China’s stimulus underwhelms, Hurricane Rafael’s on U.S. production remains minimal
Brent oil futures for January dropped 0.2 percent to $73.72 per barrel
Banking & Finance
Dubai’s Spinneys announces record $626.2 million revenue for nine months, pre-tax profit climbs to $55.3 million
Adjusted EBITDA up 8.8 percent YoY with an industry-leading EBITDA margin of 18.3 percent
Banking & Finance
ADNH Catering reports $326.7 million revenue for nine months, confirms $16.3 million dividend for FY 2024
The pro forma net profit reached AED110 million, showcasing a robust net profit margin of 9 percent
Economy
DFM records $10.5 million in major trades on Al Ansari, Ajman Bank
29.1 million shares of Al Ansari were traded for AED28.5 million at AED0.97 each
Industry
ADIPEC 2024: ADNOC awards $196.2 million contracts to 11 companies for manufacturing in UAE
Awards for a wide range of products enabled by the company's In-Country Value (ICV) program
Energy
ADIPEC 2024 sets new records, unites industries to drive sustainable socioeconomic advancement
Under the theme ‘Connecting Minds. Transforming Energy,’ ADIPEC 2024 drew a record 205,139 participants from 172 countries
Economy
Oil prices dip slightly but expect positive weekly gains amid OPEC+ delay, U.S. supply disruptions
January Brent oil futures slipped 0.3 percent to $75.44 per barrel
Banking & Finance
UAE’s banking sector net international reserves up 11 percent to $346.58 billion by end July 2024
CBUAE’s gold reserves grew by 23.5 percent YoY, reaching AED21.28 billion by the end of July
Hospitality & Tourism
September 2024 passenger demand soars with 7.1 percent growth in RPKs: IATA
In terms of total capacity, evaluated through available seat kilometers (ASK), there was a year-on-year increase of 5.8 percent
Banking & Finance
Dubai Taxi Company’s revenue rises 13 percent YoY to $435.6 million in first 9 months of 2024
EBITDA grew 20 percent YoY during this period to $117.6 million
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