Dubai / Emirates Business DAMAC Properties Dubai, a leading property developer in the Middle East, on Tuesday announced the financial results for the full year 2016. During 2016, DAMAC recorded revenues of AED7.16 billion, with gross profit margins at 56%. Net profit for the reporting period stood at AED3.69 billion, achieving net margins of 52%. Total assets increased 5% …

  Abu Dhabi / Emirates Business Abu Dhabi National Hotels PJSC (ADNH), one of the leading diversified UAE based Hospitality Company with interests in hotels, catering, transport and retail announced its preliminary financial results for the year ended December 31, 2016. During the year 2016, the company posted AED 1.3 billion in Operating revenues against AED1.38 billion in 2015. ADNH …

  Dubai / Emirates Business Mashreq, UAE’s leading financial institution has recorded significant growth in the usage of Cardless Cash via its Mobile Banking application – Mashreq Snapp. Mashreq introduced Cardless Cash in 2015 and since then, the feature recorded 126% growth in 2016 with 77% of requests initiated via Snapp. Mashreq Cardless Cash feature allows customers to withdraw cash …