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Alpha Dhabi net profit soars 104% to AED10.6b in 2022

ABU DHABI / WAM Alpha Dhabi Holding PJSC (Alpha Dhabi or the Group), listed on the Abu Dhabi Securities Exchange, has reported its financial results for the full year period ending on December 31, 2022, and the numbers are impressive. In 2022, Alpha Dhabi achieved a net profit of AED 10.6 billion, a staggering increase of 104% year-on-year from AED ...

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Presidents of UAE, Türkiye witness signing of Cepa trade agreement

ABU DHABI / WAM During a virtual summit, President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Recep Tayyip Erdogan, President of the Republic of Türkiye, witnessed the signing of a Comprehensive Economic Partnership Agreement (Cepa) between the UAE and the Republic of Türkiye. Abdulla bin Touq Al Marri, UAE Minister of the Economy, and Mehmet Muş, the Turkish ...

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Abu Dhabi realty deals hit AED77.6 billion in 2022

ABU DHABI / WAM The Department of Municipalities and Transport (DMT) has revealed that the UAE capital’s real estate market recorded 19,033 transactions, reaching a total value of AED77.6 billion in 2022. As per the Department’s reports, the emirate’s real estate sector recorded 9,010 sales transactions worth AED23.5 billion and 10,023 mortgage transactions worth AED54.1 billion Yas Island topped the ...

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