ADNOC awards a contract to lease self-propelled platforms worth 4.3 billion dirhams

The Abu Dhabi National Oil Company (ADNOC) announced yesterday the award of a contract worth 4.3 billion dirhams ($1.17 billion) to lease 13 self-propelled platforms to enhance the operational efficiency of its offshore operations, and support efforts to achieve the goal of increasing its crude oil production capacity to five million barrels per day by … Read more

Emirates News Agency – 2.97 billion dirhams of “Aramex” revenues in the first half of 2022

Thursday, August 11, 2022 – 10:38 am DUBAI, 11th August / WAM / Aramex announced today its financial results, as its revenues reached 2.97 billion dirhams during the first half of this year, while net profits amounted to 91.9 million dirhams. Gross profit margins stabilized at the group level during the second quarter and the … Read more

Air Arabia’s profits soar 95% to 451 million dirhams

Sharjah: «Gulf» Air Arabia announced the results of the first half of 2022, as the company continued to record strong commercial and operational results with the continued recovery of demand for air travel. Air Arabia recorded a net profit of 451 million dirhams during the first half ending on June 30, 2022, a growth of … Read more

The rise of the Abu Dhabi Stock Exchange to exceed 2 trillion dirhams.. Bahrain is a holiday on the occasion of Ashura

The Gulf stock exchanges rose during Monday’s trading session, as the general index of the Saudi stock market “TASI” rose 0.66%, gaining 80.45 points, to close at 12,297.29 points, and the FADAX 15 index on the Abu Dhabi Stock Exchange jumped, by 2,085%, winning 31.04 points, to close at the level of 12,297.29 points. At … Read more

more than 27 million dirhams of support for film festivals and events

54 festivals subsidized out of 66 applicants. Meeting this week in Rabat, the commission chaired by former journalist Driss El Yazami studied the files of 66 candidate festivals for the second support session (July 2022) and chose 54 to benefit from this public aid, we learn. from a press release from the CCM. The Marrakech … Read more

Emirates News Agency – 17.1 million dirhams spent by “Beit Al Khair” through the “Aman” program until July

Thursday, August 4, 2022 – 3:43 pm DUBAI, 4th August / WAM / The Beit Al Khair Association announced that the total assistance provided through the “Aman” program to families registered with it reached 17 million, 119 thousand and 950 dirhams, from the beginning of 2022 until last July, from which 2476 families benefited. And … Read more

TECOM’s quarterly profit rises 55% to 237 million dirhams

Quarterly earnings rose toTECOM Group By 55%, to record about 240 million dirhams. The increase in profits was supported by an 18% increase in revenues to exceed 500 million dirhams in the second quarter of 2022. The group’s financing costs increased by more than 10% to reach 57 million dirhams. TECOM was listed on the … Read more

Alpha Abu Dhabi profits doubled 4.6 times to 7.9 billion dirhams

Abu Dhabi: «The Gulf» Alpha Abu Dhabi Holding Company achieved a net profit of 7.9 billion dirhams for the group in the first six months of 2022, an increase of 4.6 times year-on-year, reflecting the continuity of momentum in implementing its strategy across all its major sectors and its commitment to increasing shareholder value. According … Read more

462 million dirhams, “Multiplay” half net profit

Abu Dhabi (Etihad) The Multiplay Group announced that it achieved a net profit of 462 million dirhams during the first half of 2022. The group’s results for the first half of 2022 showed that it achieved revenues of 507 million dirhams and a gross profit margin of 250 million dirhams. The group also succeeded in … Read more