The gains of the UAE financial markets exceeded $64.9 billion in November

Malik Salameh – directUAE financial market indices varied during the trading of November of this year, with the Dubai market index declining slightly, while the Abu Dhabi Securities Market jumped 151 points from the last session last month. According to market data, the UAE financial markets achieved gains amounting to 238.31 billion dirhams, equivalent to […]

ČEZ invited its clients to self-read energy in order to set more suitable backups

The increase in electricity prices from next year will already be reflected in the new advances, most of CEZ’s clients will pay capped prices. Other suppliers will also raise prices. It is not yet clear whether they will call on their customers to follow a similar procedure as ČEZ. ČEZ, which is the largest electricity […]

Report: Profits of 6 real estate companies in the UAE rose 66% in 9 months

Malik Salameh – Mubasher: The profits of 6 major real estate companies listed on the UAE stock markets increased by 66 percent, by about 4.618 billion dirhams, equivalent to $1.25 billion, during the first nine months of 2022. According to statistics conducted by “Mubasher” based on the financial statements of companies listed on the Dubai […]

UAE’s Yahsat eyes future acquisitions to boost growth

Abu Dhabi – Mubasher: Andrew Cole, CFO of “Yahsat“The company is looking to grow organically through acquisitions over the next few years. Andrew Cole, in an interview with Bloomberg, added that Yahsat will “press hard” to grow its business revenue streams over the next few years. He added that the company is focusing on expanding […]