VCBank exits from The World investment and prepares for merger with Esterad
BAHRAIN: Venture Capital Bank, a Bahrain-based Islamic wholesale bank, has announced that it has sold its stake in The World Development Company, which owns an...
Drake & Scull reports AED 5 million gross profit in Q2 2023
DUBAI, UAE: Drake & Scull International PJSC (DSI), a regional market leader in integrated design, engineering, and development in the MEP, Water and Power and...
SALAMA reports AED 12.26 million net profit in H1 2023
DUBAI, UAE: SALAMA, UAE’s largest Takaful solutions provider, has announced a net profit of AED 12.26 million for the first half of 2023, driven by...
AMAN Insurance posts AED 4 million net profit in Q2 2023
DUBAI, UAE: AMAN Insurance Company, a Dubai-based Islamic insurance and reinsurance provider, has announced a net profit of AED 4 million for the second quarter...
Air Arabia reports record second quarter and first half 2023 results
SHARJAH, UAE: Air Arabia (PJSC), the Middle East & North Africa’s first and largest low-cost carrier operator, today reported a record second quarter and first...
Eshraq Investments appoints Mohamed Al Hashimi as new CEO
ABU DHABI, UAE: Eshraq Investments PJSC (Eshraq), a leading investment company in the UAE, announced today the appointment of Mohamed Al Hashimi as its new...
TAQA reports strong first half earnings driven by utilities business
ABU DHABI, UAE: Abu Dhabi National Energy Company PJSC (TAQA), one of the largest listed integrated utilities in Europe, Middle East and Africa, reported its...
Al Ansari Financial Services to acquire majority stake in Oman’s leading exchange company
DUBAI, UAE: Al Ansari Financial Services, a leading UAE-based financial services group, has announced that it has presented a formal proposal to acquire a majority...
Aldar Properties names Faisal Falaknaz as its new finance and sustainability chief
ABU DHABI, UAE: Aldar Properties, the leading real estate developer in Abu Dhabi, has announced the appointment of Faisal Falaknaz as its Group Chief Financial...
How to save money and energy with district cooling this summer
Summer is here, and so is the need for cooling. But did you know that you can save money and energy by using district cooling...
Aldar Education boosts its presence in UAE and Bahrain with new investments
ABU DHABI, UAE: Aldar Education, a leading education provider and a subsidiary of Aldar Properties, has announced that it has increased its investment in its...
Aldar to invest AED 500 million in revamping two malls in the UAE
ABU DHABI, UAE: Aldar Properties announced an AED 500 million investment plan to redevelop two of its key retail portfolio assets in the UAE: Al...