DUBAI/WAM TECOM Group announced its financial results for the first half (H1) of the year ending 30th June 2025. The Group reported robust net profit growth of 22 percent year-on-year (YoY) to AED737 million, with revenue rising 21 percent YoY to AED 1.4 billion during the period. TECOM Group noted a YoY 24 percent increase in EBITDA, which reached AED1.1 ...

DUBAI/WAM Dubai Electricity and Water Authority (DEWA) organised 10 events from February 2023 to February 2025, in collaboration with the Emirates Marine Environmental Group, resulting in the planting of 13,350 mangrove trees at Jebel Ali Marine Sanctuary. More than 1,650 volunteers – including DEWA employees, their families, subsidiary staff and DEWA Academy students – recorded 3,626 hours of service. Additionally, ...

ABU DHABI/WAM The Central Bank of the UAE (CBUAE) imposed a financial sanction of AED10,700,000 on an exchange house, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations, and its amendments. The financial sanction has been imposed after assessing the findings of an examination ...