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LG Releases Second-Quarter 2024 Financial Results
Company Sets New Records for Second Quarter Revenue and Operating Profit Through Balanced Qualitative Growth in Core and Future Businesses Dubai, July 26, 2024 — LG Electronics Inc. (LG) today announced second-quarter 2024 consolidated revenue of KRW 21.69 trillion and operating profit of KRW 1.20 trillion, reflecting an 8.5 percent ......Read More
Friday, July 26, 2024
Deyaar reports AED 202.6 million net profit before tax, up 71% YOY in H1 2024
Key financial highlights: Net profit before corporate tax for H1 2024 amounted to AED 202.6 million, a significant growth from AED 118.5 million in H1 2023. Total Assets increased by 6%, reaching AED 6,598 million as of 30 June 2024 from AED 6,226 million as of 30 June 2023. Revenue for the six-month period ending 30 June 2024 reached ......Read More
Friday, July 26, 2024
Net profit before tax increased by 46% to reach AED 484.9 million for the half year; with net profit ...
25 July 2024: NBF is pleased to announce its results today for the six-month period ended 30 June 2024. Highlights: NBF recorded year-on-year growth of 46% to close the six-month period at a net profit before tax of AED 484.9 million compared to AED 332.1 million in the corresponding period of 2023. Further, NBF posted ......Read More
Friday, July 26, 2024
Natural Ventures Announces First Close of $100m fund to address food and water security globally.
Summary Natural Ventures, a venture capital fund with offices in the UAE and the Netherlands, completed the first close to focus on global food and water security. The fund is backed by investors, including HELM AG, a strategic UAE investor, and Chemovateq, a Swiss-based family office. The fund launches with an existing portfolio of four ......Read More
Tuesday, July 23, 2024
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Sanad Announces Strong H1 2024 Results of AED 2.3 Billion in Revenue, Projecting Significant Full-Ye ...
Total Revenue: AED 2.3 billion for the first half of 2024, projecting full-year revenue of AED 4.5 billion Strategic agreements: Partnerships with Deucalion, Asiana Airlines, AerCap and CFM Materials bolster Sanad’s market position as a trusted partner of global aviation organizations LEAP MRO Center Investment Fuels Growth: ......Read More
Thursday, July 18, 2024
e& UAE announces the winners of ‘SMB Awards 2024'
Abu Dhabi, 15th July 2024 – e& UAE announced the winners of its third edition of ‘SMB Awards 2024’ celebrating the outstanding talent and innovation within the Small and Medium Businesses (SMBs) in the UAE. Held at the prestigious Jumeirah Emirates Towers in Dubai, the gala ceremony highlighted the exemplary accomplishments ......Read More
Monday, July 15, 2024
DIFC Courts records strong uptake of services in first six months of 2024
Increase of 10% in the total number of cases filed with the Court of First Instance (CFI) Total value of cases filed with the Small Claims Tribunal increases by 37% International connectivity expanded with Hong Kong cooperation agreement Dubai, United Arab Emirates; 15 July 2024: The Dubai International Financial Centre (DIFC) Courts ......Read More
Monday, July 15, 2024
44.01 completes $37m Series A investment round
$37m fundraise will enable technology development, commercialisation and international expansion Investors include climate investment leaders, geological carbon storage experts and technology developers 44.01’s technology already piloted in Oman and the UAE Potential for CO2 mineralisation on every continent making 44.01’s ......Read More
Monday, July 15, 2024
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UAE shows economic stability despite potential impact of Fed Rate decisions and upcoming U.S. electi ...
Dubai, 10 July 2024 - Despite an air of uncertainty stemming from the US Presidential Elections and recent U.S. economic indicators demonstrating a decline in leading economic activity metrics, the UAE economy has been holding up with the latest CPI year-over-year figure decreasing from a six-month high of 3.91% to 3.81% at the second half of the ......Read More
Wednesday, July 10, 2024