The Abu Dhabi Global Market (ADGM) has reported strong financial results for the first quarter of 2025, showcasing significant growth and enhanced global recognition. This robust performance continues the upward momentum that began with a record-breaking year in 2024. Credit: Economy Middle East The ADGM emphasized its commitment to fostering a dynamic financial ecosystem that...
Etihad Airways has announced a remarkable 30% increase in profit for the first quarter of 2025, reaching record levels due to a significant rise in passenger traffic. The Abu Dhabi-based airline successfully transported five million passengers during the January to March period, marking a notable achievement in its operational performance. This surge in passengers reflects...
Investcorp Capital plc, an investor in private markets and alternative investment opportunities, announced a net profit of $41 million for the first three quarters of its fiscal year 2025, which ended on March 31, 2025. This profit includes a Q3 2025 net profit of $13 million and reflects a year-to-date (YTD) achievement of $71 million...
Arabian Cement Company has reported a net profit of SAR 23.60 million for the first quarter of 2025, representing a significant 56.45% decline from SAR 54.20 million during the same period in 2024. The company’s earnings per share (EPS) decreased to SAR 0.24 in Q1-25, down from SAR 0.54 in Q1-24, according to the financial...
Abu Dhabi Aviation Company announced a significant increase in net profits for the first quarter of 2025, reaching AED 215.32 million, compared to AED 26.81 million during the same period in 2024. This marks a remarkable growth in the company’s financial performance. The company’s revenue from contracts with customers surged to AED 1.97 billion in...
The Sharjah Executive Council (SEC) has announced new regulations for media activities in the emirate of Sharjah. This decision was made during a meeting on Tuesday, chaired by Sheikh Abdullah Bin Salem Bin Sultan Al Qasimi, the Deputy Ruler of Sharjah and Vice Chairman of the Council. The meeting took place at the Sharjah Ruler’s...
DP World has announced a significant increase in its revenue, which grew by 9.7 percent to reach $20 billion (AED 73.5 billion) for the year ending December 31, 2024. The company’s adjusted EBITDA also rose by 6.7 percent, totaling $5.5 billion (AED 20.2 billion). This resulted in an adjusted EBITDA margin of 27.2 percent. The...
Air Arabia has announced a record profit of AED 1.6 billion for the full year ending December 31, 2024. This significant financial achievement reflects the airline’s strong operational performance and growing demand for air travel. The Sharjah-based airline’s results indicate a robust recovery in the aviation sector, highlighting the effectiveness of its strategies amid a...
EasyLease (ADX: EASY LEASE) has announced its audited financial results for the fiscal year 2024, revealing a total revenue of AED456 million. This figure represents an impressive 53% year-over-year growth, solidifying the company’s leadership position in the rapidly evolving mobility sector in the region. The results underscore Easy Lease’s capability to maintain strong financial performance...