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Bayanat reports AED113m revenues for Q1

ABU DHABI / WAM Bayanat, the ADX-listed public company and provider of AI-powered geospatial solutions, announced its results for Q1, reporting AED113 million in revenues, a 12% increase Year-over-Year. In a statement on Wednesday, the company said that revenue increased primarily due to the expansion of its market presence and its strong product range and service offerings. The company remains ...

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Tabreed reports AED468mn revenues in first quarter

ABU DHABI / WAM Tabreed, the UAE’s international district cooling company, released its consolidated financial results for the first three months, recording revenue increase to AED468 million compared to AED464 million in Q1 2023. In a statement, the company announced that Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) rose to AED272 million, up from AED268 million during the same ...

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UAE-based DP World enhances European trade with €130m investment in Romania

BUCHAREST / WAM DP World on Wednesday opened three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of European trade and enabling economic growth throughout the region. Constanta, the largest container port on the Black Sea, is now home to two new facilities following a €65 million investment: a 5-hectares ...

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Thuraya unveils next generation ‘IP NEO’ terminal

ABU DHABI/ WAM Thuraya Telecommunications Company, the mobile satellite services subsidiary of Al Yah Satellite Communications Company, has announced IP NEO, the first in a new family of next-generation satellite communications products packed with advanced features and technology. The state-of-the-art IP NEO has been designed to deliver powerful simultaneous voice and data transfer capabilities making it the ideal product for ...

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Emaar’s property sales grow 47%, totalling AED13.5b in Q1

DUBAI / WAM Emaar Properties PJSC has released its financial results for the first quarter of 2024, showcasing consistent resilient performance and operational efficiency across its various businesses. Emaar achieved its highest ever quarterly group property sales in Q1 2024, totalling AED13.5 billion ($3.7 billion), reflecting a robust 47 percent growth compared to Q1 2023. Emaar recorded revenues of AED6.7 ...

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Expo 2020 Dubai Museum to open to public on May 18

DUBAI / WAM Expo City Dubai announced the public opening of the Expo 2020 Dubai Museum on Saturday, May 18, coinciding with International Museum Day. Marking the occasion, Expo City invited all visitors from May 18-19 to enjoy complimentary, combined entry to the new museum and the city’s three Stories of Nations exhibitions, and is offering a 50 percent discount ...

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