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DP World’s revenue rises 26.3% to $10.78b in 2021

  DUBAI / WAM DP World Limited announced strong financial results for the year 2021, achieving a revenue growth of 26.3 percent to $10,778 million and adjusted EBITDA growth of 15.3 percent to $3,828 million, with adjusted EBITDA margin of 35.5 percent. The revenue increase from $2,245 million to $10,778 million is supported by acquisitions and new concessions including Angola, ...

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UAE condemns drone attack on oil refinery in Saudi Arabia

  ABU DHABI / WAM The UAE has strongly condemned and denounced the drone attack on the Riyadh oil refinery in the Kingdom of Saudi Arabia. In a statement by the Ministry of Foreign Affairs and International Cooperation (MoFAIC) on Friday, the UAE affirmed this attack is a cowardly terrorist act, and a war crime that requires a response against ...

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Week-long real estate deals in Dubai hit AED13.4 billion

  DUBAI / WAM The real estate and properties transactions valued at AED13.4 billion in total during the week ending 11 March 2022, according to the Dubai Land Department (DLD). The weekly DLD report said the sum of transactions was 2,333. 245 plots were sold for AED2.09 billion, 1,542 apartments and villas were sold for AED3.29 billion. The top three ...

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