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EasyLease H1 revenue jumps 36.1pc to $51.65mEasyLease, the leading Mobility Solution company and subsidiary of International Holding Company (IHC), has posted first-half net profit of AED18.24 million ($5 million) an 11.3% increase on H1 2023. The company posted revenue of AED189.72 million ($51.65 mill More… |
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FAB posts H1 net profit of $2.29bn, revenue of $4.27bnFirst Abu Dhabi Bank (FAB) has delivered record results for the first half of 2024, with a net profit of AED8.4 billion ($2.29 billion) and revenue of AED15.7 billion ($4.27 billion) (+16% yoy) underlining the bank’s consistent growth trajectory. P More… |
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Mashreq’s H1 net profit rises 14pc to $1.09bnMashreq has posted a first-half (H1) net profit of AED4 billion ($1.09 billion), a significant 14% increase year-on-year (YoY), driven largely by a 17% YoY increase in net interest income. The bank's non-interest income rose to AED1.9 billion, demonstratin More… |
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UAE economy set for 6pc growth in 2025: Arab Monetary FundThe UAE's economy is expected to grow by 3.9% in the current year, 2024, rising to 6.2% in 2025, according to the Arab Monetary Fund (AMF). In its Arab Economic Outlook report issued today, the AMF stated that the expected growth of the UAE’s economy More… |
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Bahrain national origin non-oil exports dip 6pc to $2.37bn in Q2Bahrain’s non-oil exports of national origin has fallen 6% to BD894 million ($2.37 billion) in Q2 2024 compared to the same quarter in 2023. The top 10 countries accounted for 64% of the total export value. Saudi Arabia ranked first among countries for t More… |
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Zain KSA revenue in H1 soars to $1.3bn; net profit up 60pcZain KSA, a leading telecom services operator in the kingdom, has delivered solid results for the first half of the year with a revenue of SAR5 billion ($1.3 billion), while its net profit surged by 60% to SAR172 million ($45.8 million) from SAR108 million ($28.7 million) last year after excl More… |
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Mamo secures $3.4m to enhance financial services for SMEsMamo, a UAE-based fintech startup on a mission to help small and medium-sized businesses consolidate their payment collection, corporate cards and expense management needs, has completed a $3.4 million funding round. The additional funds will help Mamo expand its product offerings and extend More… |
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KBR posts Q2 net income of $199m; revenue at $1.9bnKBR, a US based company operating in fields of science, technology and engineering, has posted a second-quarter (Q2) net income of $199 million and revenue of $1.9 billion, up 6% on a year-over-year-basis. Revenues rose primarily due to growth across Sustainab More… |
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Commercial Bank of Dubai posts $395m net profit in H1Announcing its financial results for the first six months of 2024 (H1 2024), Commercial Bank of Dubai (CBD) said it has delivered a net profit (after tax) of AED1.452 billion ($395 million), up 30.2% year-on-year (YoY) on a pre-tax basis compared to the corresponding period in 2023, a report sa More… |
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Mashreq leads record $3.25bn green GEMS financingMashreq, a leading financial institution in the Mena region, has led a groundbreaking $3.25 billion Leverage Buyout Sustainability-linked financing for GEMS Education. Serving as the Lead Sustainability Coordinator, Initial Mandated Lead Arranger and Boo More… |
