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OPEC reported that the housing, utilities, and fuels sector rose to 6.7 percent YoY in June, up from 6.6 percent in May
This is the fourth listing under their $2 billion trust certificate program
The company's Q2 2024 financial results saw a 12 percent increase in total revenues, reaching $55.94 million
Free zone posted a notable expansion in the technology sector, registering 226 new companies, including 14 gaming and nine AI companies
Among the top-ranking GCC cities were Kuwait City, Doha and Bahrain in the 3rd, 4th and 5th places, respectively
EBITDA reached AED6.6 billion, operating profit of AED3.3 billion and profit after tax of AED2.6 billion
Company's non-fuel retail gross profit increased by 13.5 percent annually in Q2 2024 to $56 million
The company will pay its first post-IPO interim dividend of $27.93 million
The UAE is one of only 36 countries worldwide currently piloting the implementation of CBDCs
The company set a new group property sales record of $8.6 billion in H1 2024, a 56 percent increase over H1 2023
By 2023, PCFC had 600 employees, 96,000 clients, 400 suppliers, and 26 strategic partners
Fed's decision to hold rates for the seventh time impacted performance of global financial markets and Arab stock exchanges
