From January to September, Emaar Development reported revenue of Dh12.5 billion ($3.4 billion) and EBITDA of Dh6 billion ($1.6 billion), up 69 per cent and 35 per cent from the same period…
Tag: months
Dubai developer Deyaar posts Dh348.8 million profit before tax for first 9 months
Earnings per share reached 7.51 fills in the year to date, September 2024, a 38% y-o-y increase from 5.43 fills in the same period in 2023. In addition, revenue for Q3 2024…
Emirates NBD hits record Dh19 billion profit in first nine months of 2024
Emirates NBD has cited higher loan demand and improving margins as fueling the nine-month profit boost. Image Credit: WAM Dubai: In the first of the UAE banking sector results for first nine…
New financial crisis: SpiceJet sends 150 cabin crew on leave without pay for three months
SpiceJet said last month that it’s seeking to raise as much as 30 billion rupees ($358 million) via a share sale but hasn’t announced any time frame. The beleagured carrier reported a…
Abu Dhabi hotels attract 2.4 million visitors in five months
Monthly revenues were Dh629.7 million in January, Dh717.1 million in February, Dh608 million in March, Dh660.3 million in April, and Dh566.5 million in May. Visitor numbers included 498.7k in January, 507.4k in…
Commercial Bank of Dubai posts net profit of Dh1.46 billion in first six months of 2024
Dr Bernd van Linder, CEO of CBD, said, “CBD’s strong performance is due to robust loan growth and higher revenues. Our net profit after tax for H1 2024 was a record Dh1.46…
Dubai Land Department fines 256 brokers for failing advertising rules over six months
Dubai: As part of its ongoing efforts to ensure compliance with regulations standards in the real estate sector, Dubai Land Department (DLD) announced that its Real Estate Control Department fined 256 brokers for not complying…
Canada housing starts to hit highest level in seven months
Ontario and Quebec “- the country’s most populous provinces “- led the increase in starts, rising 18 per cent and 67 per cent respectively. Housing starts fell 16 per cent in British Columbia, Canada’s westernmost…
63% of UAE businesses to hire more employees in the next 12 months
Dubai: Over 60 per cent of UAE business leaders expect employee headcount at their companies to increase in the next 12 months, a recent survey has revealed. However, new research from recruitment…
Sales of Dubai homes priced at $10m or more soar in the first three months of 2024
Dubai: One hundred and five homes priced in excess of $10 million were sold in Dubai during the first three months of the year, up 19 per cent on Q1 2023, according…