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Damac revenues hit AED5.2bn

DUBAI / Emirates Business Damac Properties Dubai Co announced financial results for the first nine months of 2018, reporting total revenue of AED5.2 billion ($1.42 billion), gross profit of AED1.9 billion and net profit of AED1.1 billion. During the first nine months of 2018, Damac delivered 3,800 units, compared to 1,923 units in the same period in the previous year. ...

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Tabreed records 10% increase in 9-month profit

DUBAI / WAM National Central Cooling Company, Tabreed, on Wednesday, released its financial results for the first nine months of 2018, reporting a 10% increase in net profit to AED319.3 million for the year up to September 30, compared with the same period in 2017. Tabreed’s latest financial results follow its announcement last month that it successfully issued a $500 ...

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UAE invests its oil, gas resources in the best interest of country

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday visited the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) at the Abu Dhabi National Exhibition Centre (Adnec) and which concludes on November 15. His Highness Sheikh Mohamed bin Zayed, accompanied by ...

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