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e& reports 20 % growth in net profit for Q3-23

ABU DHABI/ WAM e& today announced its consolidated financial results for Q3 2023 reporting consolidated revenues of AED13.4 billion with a YoY increase of 3.3 per cent while consolidated net profit was AED3.0 billion, a year-over-year increase of 20 percent. In a statement today, the company said: “At constant exchange rates, consolidated revenue increased by 8.0 percent and consolidated EBITDA ...

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Khaled bin Mohamed bin Zayed chairs Abu Dhabi Executive Council meeting

ABU DHABI/ AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has reaffirmed the commitment of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to enhancing wellbeing and ensuring a good quality of life for citizens by meeting their needs. Chairing ...

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Japan ramps up yen intervention warning after BOJ-fuelled selloff

BLOOMBERG Traders are piling into fresh bets against the yen, triggering pushback from Japanese authorities who are threatening once again to take action including the possibility of currency intervention. The yen edged away from a year-to-date low on Wednesday after Masato Kanda, Japan’s top currency official at the finance ministry, said authorities are ready to act if needed. “We’re on ...

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