DUBAI / WAM TECOM Group today announced a 15% year-on-year (YoY) increase in net profit to AED293 million for the three-month period ended 31st March 2024 (Q1). EBITDA for the first three months of the year increased 10% YoY to AED439 million, while EBITDA margins remained at a healthy 78%. TECOM stated that EBITDA rose on the back of robust ...

DUBAI / WAM The Dubai Financial Market (DFM) and SIX, the Swiss Financial Market Infrastructure Group, announced the signing of a collaboration agreement during the second edition of the Capital Market Summit. The partnership underscores a shared commitment to exploring and implementing collaborative initiatives aimed at fostering mutual growth and innovation in the global financial landscape. Furthermore, the agreement includes ...

SHARJAH / WAM Dana Gas has announced that production at the Khor Mor facility in the Kurdistan Region of Iraq (KRI) has been restored to normal levels. In a statement on Friday, Dana Gas said that the facility’s daily production output capacity now exceeds 500 million standard cubic feet (MMscf) of gas, 1,100 metric tons (MT) of LPG and 15,000 ...