Tag: Financial Reports
Emirates NBD profits surged by 34% to touch $2.5bn in 2021
The leading banking group in the Middle East, North Africa and Turkey (MENAT) region, Emirates NBD's profit rose from $1.89 billion in 2020 to...
Dubai Investments reports $55.8mn net profit for H1 2020
One of the leading, diversified investment companies in the region, Dubai Investments, has reported a net profit of $55.8 million for the first half...
IBM surprises market with higher revenue by Cloud computing
US-based multinational technology company International Business Machines (IBM) reported that it has beat its second-quarter profit estimates, indicating that the firm's cloud storage sector...
UAE banking sector can tackle any macro-financial shocks; Central Bank
The Central Bank of the UAE (CBUAE)'s recent Financial Stability Report (FSR) states that the UAE's banking sector can withstand any form and size...
Samsung beats COVID projections; Expects double-digit increase in profits
Samsung Electronics Co. has reported an unexpected earning projections in its earnings guidance for the second quarter of 2020 revealed today.
An earnings guidance or...
RAK Ceramics lists a net profit of $8.22 million in Q1...
One of the biggest ceramics’ brands in the world, RAK Ceramics has listed a net profit of $8.22 million in its financial results for...
Alibaba lists surprising revenues; Profits take a hit.
Chinese e-commerce leader Alibaba posted revenue figures which surpassed expert forecasts despite the interruptions caused by the coronavirus. Profits, on the other hand, dropped...
Aldar Properties announces Dh1.76 billion revenue for Q1 2020
Abu Dhabi’s biggest indexed developer Aldar Properties has published Dh1.76 billion in income for the first quarter of 2020.
The profits dropped 39 percent to...
