Production

VIENNA, The 47th Meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC took place via videoconference today.The Committee reviewed the crude oil production data for the months of November and December 2022 and noted the overall conformit…

DUBAI, The Dubai Financial Market Company (PJSC) reported a 41.7% increase in net profit for the fiscal year ending December 31, 2022, reaching AED147.1 million compared to AED103.8 million in 2021.The company also reported a 19% increase in total reve…

DUBAI, Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced a 5.5% increase in energy demand in Dubai for 2022, reaching 53,180 GWh compared to 50,401 GWh in 2021.The increase reflects the robust performance of…

DUBAI, The Italian Trade Agency (ITA), the Governmental Agency that promotes Italian products and services, has announced that it supports 160 Italian companies exhibiting at Arab Health 2023.Arab Health is an annual event that brings together thousand…

ABU DHABI, Agthia Group PJSC today announced preliminary and unaudited results for the fiscal year ending 31st December, 2022, reporting a rise of 14 percent year-on-year (YoY) in net profit to AED 247 million.According to its report, the Group’s net r…

DUBAI, The Marine Agency for Wooden Dhows, established in 2020 by Dubai’s Ports, Customs and Free Zone Corporation (PCFC), facilitated the entry of more than 10,500 wooden dhows during 2022, reflecting a 12 percent year-on-year growth, announced His Ex…

DUBAI, Dubai real estate market recorded 471 sales transactions worth AED1.87 billion, in addition 70 mortgage deals of AED122.36 million, and 14 gift deals amounting to AED130.13 million on Tuesday, data released by Dubai’s Land Department (DLD) showe…

Abu Dhabi, 31 January 2023 — Abu Dhabi Commercial Bank (ADCB) today reported its financial results for fiscal year (FY) 2022, with AED 6.434 billion in net profits, an increase of 23 percent compared to FY 2021.The bank’s net interest income was to th…