Revenue

NEWS DESK

ASCOTT’S GLOBAL LOYALTY PLATFORM ‘ASCOTT STAR REWARDS’

News Desk 2 24/04/2024

The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), today marked the 5th year of its global loyalty platform, Ascott Star Rewards (ASR), with record results from FY 2023. Having grown exponentially since its launch in April 2019, Ascott achieved

NEWS DESK

‘Reputation House’ Reports Dh4.8 million Increase in Revenue in MENA region

News Desk 1 30/03/2024

Reputation House, the leading Online Reputation Management (ORM) company, has announced stellar performance for the fiscal year 2023, marking a significant milestone with a Dh4.8 million ($1.3 million) increase in revenue and 10% month-on-month growth in 2023 in the Middle East and North Africa (MENA) region. As the company positions itself for further expansion into […]

NEWS DESK

More than 70% of UAE retailers see increase in revenue and customer traffic since accepting digital payments: Visa study

News Desk 1 05/03/2024

Visa (NYSE:V), a world leader in digital payments, has unveiled the results of an independent study titled ‘Value of Acceptance’, which explores merchants’ attitudes towards digital payments and the impact of digital commerce on small businesses and retailers in the UAE. According to the study, more than 70% of UAE merchants surveyed claim increased

NEWS DESK

SALAMA records full-year revenue of AED 1.11 billion

News Desk 1 15/02/2024

Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its preliminary results for the 2023 fiscal year. The company recorded insurance revenue of AED 1.11 billion in 2023, an increase by 20% from fiscal year 2022. Total assets registered an increase at AED 3.70 billion in 2023, in comparison to AED 3.57 billion in […]

NEWS DESK

Yahsat reports strong third quarter results for 2023

News Desk 1 07/11/2023

Al Yah Satellite Communications Company PJSC (“Yahsat”or the “Group”), the UAE’s flagship satellite solutions provider listed on the Abu Dhabi Securities Exchange (”ADX”, under symbol: YAHSAT, ISIN: AEA007501017) announced today its consolidated financial results for the nine months ended 30 September 2023. Revenue and Normalised EBITDA grew 3% for the first nine months of

NEWS DESK

Trina Solar’s cumulative shipments of 210mm modules surpass 90GW

News Desk 1 02/11/2023

Trina Solar has reported revenue of $11.58 billion (RMB 81.12 billion) in the first three quarters of 2023, 31.22 percent more than in the corresponding period last year. The company’s report, made public on October 27, also showed that Trina Solar, continues to lead the industry with 45-46GW modules shipments, ranking second globally, and 5.6GW […]

Business Aviation GCC UAE

Dubai Aerospace Enterprise (DAE) H1 2023 revenue up 15%

Arnold Pinto 03/08/2023 0

Dubai Aerospace Enterprise (DAE) has reported that its revenue has increased by 15%; while profit before tax increased by 13% for the six months ended June 30, 2023. The Dubai headquartered aviation services corporation disclosed its latest financial results on August 2, 2023. Firoz Tarapore, CEO of DAE, said: “Our first half 2023 results demonstrate the […]

NEWS DESK

Stellantis Posts Strong Growth and Sets New Records in Net Revenues

News Desk 2 26/07/2023

AMSTERDAM, July 26, 2023 – Stellantis N.V. continues to deliver value across multiple dimensions, posting strong growth and setting new records in Net revenues, AOI and Net profit, while driving a transformative, cost-effective product pivot to electrified and software-defined vehicles across its 14 iconic brands. Despite the challenging business environment,

Business

NMDC Group doubles first half net profit to 881 million dirhams

News Desk 2 26/07/2023

Abu Dhabi, United Arab Emirates, 26 July 2023: National Marine Dredging Group (ADX: NMDC), one of the world’s leading Engineering, Procurement, Construction (EPC) and marine dredging groups,” has announced a significant surge in its net profit during the first half of 2023, reaching AED 881 million. This remarkable achievement reflects the success of the Group’s […]

Business

Hindware Home Innovation Limited* reported FY23 Consolidated Revenue 

News Desk 2 25/05/2023

Gurugram, May 25, 2023: Hindware Home Innovation Limited (formerly Somany Home Innovation Limited), the Consumer Appliances and Building Products Company; today announced its financial results for the quarter and year ended March 31st, 2023. The Company reported Consolidated Revenue from Operations at ₹2,873 crore, registering a growth of 25% in FY23. EBITDA

Business

JLR DELIVERS SIGNIFICANTLY IMPROVED REVENUE, PROFIT AND FREE CASH FLOW FOR THE FOURTH QUARTER AND FULL YEAR

News Desk 2 16/05/2023

16 May 2023, United Arab Emirates, Dubai improved to £3.0 billion at 31 March 2023 with cash of £3.8 billion and liquidity of £5.3 billion (including undrawn £1.52 billion revolving credit facility) Order book at 200K units remains strong despite increased retail sales with Range Rover, Range Rover Sport and Defender representing 76% of the […]

NEWS DESK

Tenable Ranks #1 for 2021 in Market Share for Device Vulnerability Management for Fourth Consecutive Year

News Desk 2 11/05/2023

Dubai, UAE. (May 11, 2023) — Tenable®, the Exposure Management company, today announced that it has been ranked #1 for 2021 worldwide market share for device vulnerability management in the IDC Worldwide Device Vulnerability Management Market Shares, 2021: The Stakes Are High (doc #US48506622, December 2022) report. This is the fourth consecutive year Tenable has […]

Travel Lifestyle

Turkish Airlines recorded its highest-ever first-quarter revenue

News Desk 2 04/05/2023

Turkish Airlines demonstrated its ability to navigate through a challenging operating environment during the first quarter of 2023, which was marked by devastating earthquakes centered in Kahramanmaraş – one of the worst disasters in Türkiye’s history. Through its 90 years of experience and successful crisis management, Turkish Airlines recorded net profit for the

Business

e& reports consolidated revenue of AED13.0 billion in Q1 2023

News Desk 2 03/05/2023

Abu Dhabi, UAE. 3rd May 2023:e& announced its consolidated financial results for Q1 2023. e&’s consolidated revenues reached AED 13.0 billion. At constant exchange rates, revenue increased by 6.6 per cent. Consolidated net profit recorded AED 2.2 billion while consolidated EBITDA reached AED 6.2 billion, resulting in an EBITDA margin of 48 per cent. In the

NEWS DESK

RITES Q3FY23 revenue

News Desk 2 09/02/2023

Gurugram, February 9, 2023: RITES Ltd. (NSE: RITES, BSE: 541556), the leading Transport Infrastructure Consultancy and Engineering firm, announced its standalone and consolidated financial results for the Quarter and nine-month ended on December 31st, 2022. The Takeaways §  Sequential growth of 3% & 8% in Revenue from Operations and core EBITDA, respectively ₹5513

Business NEWS DESK Tech

Milestone Systems banks on enhanced channel partnerships in MENAT region in 2023

Arnold Pinto 19/01/2023

Firmly established as a partner-centric company Milestone Systems (Milestone) coasts into 2023 primed and ready to meet the ever-growing demand for data-driven video management solutions in the MENAT (Middle East, North Africa and Turkey) region through its extensive network of resellers, system integrators, security specialists and service providers. Commemorating its

Gitex NEWS DESK Tech

Arabian Gulf set to play crucial role in Milestone Systems’ revenue generation strategy

Arnold Pinto 19/10/2022

The Arabian Gulf region is expected to play a lead role in enabling Milestone Systems to more than double its global revenue in the next 5 years as the region quickly embraces and deploys smart video technology on an immense scale. In an exclusive interview with MENews247 at the Milestone Partner Summit (MIPS 2022) held […]