Abu Dhabi / WAM The net earnings of 123 listed Emirati companies reached AED191 billion in 2022, indicating their robust financial position and healthy revenue growth. According to a report by the Emirates News Agency (WAM), the net earnings of national listed companies increased by 60% or AED72 billion from January 2022 to December 2022. Out of the total ...

  Dubai / WAM DMCC has reported a 17 percent year-on-year increase in the value of diamond trade in 2022, totalling $37.4 billion combined for rough and polished diamonds, including a 42 percent rise in the polished category and a consistently strong 7 percent rise in rough. The soaring figures are further evidence of the rapid rise of Dubai as ...

  Abu Dhabi / WAM Dr Ghassan Abbas, the ambassador of Syria to the UAE, has said that the UAE’s humanitarian efforts to provide relief to those affected by the recent earthquake that struck his country have the greatest impact in alleviating the sufferings of the people. In a statement to the Emirates News Agency (WAM), Abbas said that since ...

Dubai / Gulf Time Zoho, a global technology company, announced that in the five years since starting its operations in the UAE, which serves as its Middle East and Africa headquarters, the company has grown 10 times in the country, with a 5-year CAGR of 60%. On the sidelines of Zoholics Dubai, the annual user conference of the company, Zoho’s ...

  Dubai / WAM Dubai Future Foundation (DFF) signed an agreement with the Massachusetts Institute of Technology (MIT) to launch the Middle East’s first-ever Senseable City Lab, a global MIT initiative that researches and tests pilot projects for planning urbanisation and the rapid growth of cities. Senseable City Lab conducts interdisciplinary research in Singapore, Stockholm, Amsterdam, Lagos, and now Dubai, ...

Abu Dhabi / WAM M.A Yusuff Ali, Second Vice Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), reaffirmed the solid relations between the UAE and India, saying, “The UAE and India share a long history of solid relations, which laid the ground for signing the Comprehensive Economic Partnership Agreement (CEPA) last year. One of the key objectives ...

Abu Dhabi / WAM Dr Hamdan Al Mazrouei, Chairman of the Board of Directors of Emirates Red Crescent (ERC), said President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s order to give an additional $50 million aid to the earthquake victims in Syria reflects the President’s desire to strengthen the humanitarian efforts there. This will help alleviate the sufferings of ...

Bloomberg Airbus SE projected higher deliveries for this year and will accelerate output of its largest models as long-haul travel rebounds, while scaling back production of its bestselling A320 family with supply-chain disruptions continuing to ripple through the industry. For 2023, the planemaker plans to hand over 720 aircraft, in line with its original 2022 projection, which ended up coming ...

  Bloomberg Bain Capital has picked the top arrangers for Virgin Australia Airlines Pty Ltd’s initial public offering, which could be one of the country’s biggest listings this year, according to a person familiar with the matter. Goldman Sachs Group Inc, UBS Group AG and Barrenjoey Capital Partners Pty Ltd have been selected as lead managers for the share sale, ...

Bloomberg Deutsche Lufthansa AG returned to normal flight operations after widespread software problems linked to damaged Deutsche Telekom AG broadband cables grounded hundreds of planes. The situation at Lufthansa’s main base in Frankfurt was normalising, a spokesman said. Lufthansa expected the IT issues that affected systems including check-in operations to be fully resolved. Still, more travel disruption is around the ...