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Banking & Finance
Dubai’s Parkin reports $114.62 million in H1 2024 revenue, expands to 200,400 spaces
The company's Q2 2024 financial results saw a 12 percent increase in total revenues, reaching $55.94 million
Energy
Oil prices decline as OPEC lowers 2024 demand forecast amid China slowdown
Global benchmark Brent crude futures dipped 78 cents, or 0.95 percent, to $81.52 a barrel
Miscellaneous
Sweden breaks 50-year trend, transforms from welcoming haven to net emigration as asylum-seeker arrivals hit historic low
Around 5,700 more people have left Sweden than have immigrated to the country
Banking & Finance
UAE’s RAK Properties revenues rise to $166 million on strong residential, commercial, and hospitality demand
This represents a 19 percent growth compared to the same period in 2023
Banking & Finance
Abu Dhabi’s Burjeel logs 10.4 percent revenue jump in H1 2024, reaching $653.4 million
The group saw increases of $37.3 million in outpatient revenue and $22.3 million in inpatient revenue
Banking & Finance
Türkiye enters ‘disinflation’ as CBRT hikes rates to 50 percent, 2024 inflation forecast at 38 percent
CBRT governor cited $26.5 billion increase in reserves, 50 percent target for lira deposits amid global volatility
Banking & Finance
UAE’s ADNOC Drilling aims for $1.3 billion net profits and 148 rigs by 2026, says CFO
The company has raised its medium-term revenue expectations to $3.85 billion for the fiscal year 2024
Economy
Egypt targets sub-10 percent inflation by 2025-2026 as CAPMAS data shows easing price pressures
The country’s annual urban consumer price inflation slid to 25.7 percent in July from 26.5 percent in June
Banking & Finance
UAE’s DEWA reports $3.72 billion in H1 2024 revenue, shareholders to get $1.68 billion in dividends annually for 5 years
EBITDA reached AED6.6 billion, operating profit of AED3.3 billion and profit after tax of AED2.6 billion
Banking & Finance
$7 billion in credit facilities to UAE’s business and industrial sectors in first 5 months of 2024
Credit balance for the sectors from banks in Abu Dhabi was around $104.76 billion in May 2024
Banking & Finance
Dubai’s Spinneys reports highest-ever H1 2024 revenues of $435.6 million, with profit before tax reaching $44.37 million
The company will pay its first post-IPO interim dividend of $27.93 million
Banking & Finance
UAE Banks Federation, ICAEW collaborate to guide businesses in digital currency adoption
The UAE is one of only 36 countries worldwide currently piloting the implementation of CBDCs
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