Recent Posts

Alpha Dhabi net profit hits AED2.84bn in Q1

  Abu Dhabi / WAM Alpha Dhabi Holding has announced its financial results for the first quarter of 2022, reporting a net profit of AED2.84 billion, up significantly year-on-year from AED100 million. Revenues stood at AED8.17 billion for the first three months of 2022, representing a year-on-year increase of 700% with strong contributions from investments in the healthcare sector, which ...

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UAE to slash tariffs on Indian goods by 90%, says minister

  New Delhi / WAM Abdullah bin Touq Al Marri, Minister of Economy, said the implementation of a Comprehensive Economic Partnership Agreement (CEPA) signed between India and the UAE on February 18 came into force on May 1 with the arrival of the first imports exempted from tariffs. In an interview with the Emirates News Agency (WAM), Al Marri said ...

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Yahsat Q1 revenue up 9.4% to AED362.5mn

  Abu Dhabi / WAM Al Yah Satellite Communications Company on Wednesday announced its financial results for the three-month period ended March 31. Yahsat reported first-quarter revenue of AED362.5 million, reflecting an increase of 9.4% year-on-year. All business segments performed well, with a particularly exceptional performance in both managed solutions and mobility solutions, which increased by 26.0 percent and 45.4 ...

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