Recent Posts

Arada sales jump 30% to AED1.49bn in H1 ’22

  Dubai / WAM Arada has reported a 30 percent growth in the value of the property sold in the first six months of 2022, as buyer interest in the Sharjah and wider UAE property markets continues to grow. The developer sold homes valued at AED1.49 billion at its two Sharjah megaprojects, Aljada and Masaar, thanks to ongoing demand for ...

Read More »

UAE completes major pre-operational testing for last unit of Barakah N-plant

  Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has successfully completed the Hot Functional Testing (HFT) on Unit 4, the last of its four units of the Barakah Nuclear Energy Plant. This significant pre-operational test represents an important step forward in the testing phase of Unit 4 of the Plant, located in the Al Dhafra region of ...

Read More »

EITC profit up 26.2% to AED303mn in Q2 2022

  Dubai / Gulf Time Emirates Integrated Telecommunications Company (EITC) published its financial results for quarter-ended June 30. While revenues of the company increased by 9.9% to AED3.14 billion on sustained demand for broadband and mobile services, Ebitda improved by 12.1% to AED1.27 billion thanks to a sharp increase in service revenues and gross margin expansion. EITC’s net profit increased ...

Read More »
Send this to a friend