ABU DHABI/WAM Aggregate net profits reported by companies listed on GCC exchanges witnessed a healthy year on year (YoY) growth of 5.7 percent during Q2-2024 led by a broad-based growth across most markets in the region. Kamco Investment Company, a regional non-banking financial powerhouse headquartered in Kuwait, in its latest report, stated that the quarter on quarter (QoQ) growth came in at ...

ABU DHABI/WAM e& enterprise, the digital transformation arm of e&, today announced the successful completion of its US$60 million acquisition of GlassHouse, a leading Türkiye-based provider of managed cloud, business continuity and SAP Infrastructure services. The acquisition, originally announced in June this year, strengthens e& enterprise’s capabilities in private cloud and managed services, bolstering its overall value proposition with the ...

ABU DHABI/WAM  Tabreed, a leading district cooling company, has made a major advancement in its efforts to decarbonise the cooling sector, achieving the ‘Verified Carbon Standard’ at one of its Abu Dhabi plants, certifying carbon credits to offset emissions. Independent non-profit agency, Verra, which sets the world’s leading standards for climate action and sustainable development, carried out a year-long verification ...