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 ...

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 ...

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 ...

BLOOMBERG US stock futures slipped and Treasuries edged higher ahead of the Federal Reserve interest-rate decision and the US government’s new borrowing plan. Contracts on the S&P 500 and the Nasdaq 100 dropped by about 0.3%. WeWork Inc plunged 42% in premarket trading after the Wall Street Journal reported that the company plans to file for bankruptcy as early as ...

ABU DHABI/ WAM The new state-of-the-art Terminal A at Abu Dhabi International Airport (AUH) welcomed its first passengers to Abu Dhabi, signalling a new era in aviation history for the UAE. From now until November 14th, there will be a transition period for 28 airlines, with operations being conducted concurrently from Terminals A, 1, 2, and 3. The full transition ...

DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today met with UAE astronauts Sultan Al Neyadi, Hazzaa Al Mansoori and Mohammad Al Mulla along with the ‘Zayed Ambition 2’ team from the Mohammed Bin Rashid Space Centre (MBRSC). The meeting was held in the presence of H.H. Sheikh Maktoum bin ...

DUBAI/ GULF TIME Dubai Financial Market (DFM) announces its strategic partnership with Tawasal , a multi-purpose SuperApp based in the United Arab Emirates. The collaboration aims to provide users with comprehensive real-time data from Dubai’s capital market, significantly improving user access to information and enabling informed financial decision-making. The collaboration between DFM and Tawasal aims to enhance data accessibility, seamlessly ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan welcomed His Majesty King Abdullah II bin Al-Hussein of the Hashemite Kingdom of Jordan on a state visit to the UAE today. His Majesty’s procession was greeted at Qasr Al Watan in Abu Dhabi, with an official reception ceremony featuring a cavalcade of horsemen on Arabian horses in the ...

DUBAI/ GULF TIME Chattels & More, a leading furniture and decor retailer, was awarded the prestigious title of Best Decor Retailer of the Year, at the esteemed Design Middle East Awards 2023. The awards ceremony, a hallmark event in the region’s design and architecture industry, was held on October 26th at Sofitel Dubai The Palm. The accolade bestowed upon Chattels ...

DUBAI/ GULF TIME ZainTECH, the integrated digital solutions provider of Zain Group, concluded its successful debut at GITEX Global 2023, the largest ICT and technology exhibition and conference in the Middle East,  which took place in Dubai, UAE, 16-20 October. The company took this opportunity to showcase the depth and breadth of its solutions portfolio, and to annouce a series ...