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      Babu Das Augustine

      Location

      Articles

      Al Seer Marine, a subsidiary of International Holding Company. IHC attributed its strong second-quarter results to solid business performance across its subsidiaries. Photo: IHC
      Abu Dhabi's IHC reports surge in Q2 net profit

      Revenue for the second quarter grew by about 50% to $3bn

      MarketsAugust 08, 2022
      Agthia, which owns the Al Ain mineral water brand, reported an almost 96 per cent surge in its net profit for the second quarter of 2022. Delores Johnson / The National
      Agthia's second-quarter net profit surges 96% on higher revenue

      Abu Dhabi company’s revenue in the first half of 2022 reached $544m, driven by consolidation of strategic acquisitions

      BusinessAugust 04, 2022
      Waha Capital said a significant fall in global equity markets was reflected in valuations of its holdings in listed securities in the second quarter. Ravindranath K / The National
      Waha Capital reports $23.24m first-half profit amid global market turbulence

      Abu Dhabi-listed company's public market funds outperformed reference indexes despite high market volatility

      MarketsAugust 04, 2022
      The RAK Ceramics factory in Ras Al Khaimah. Total revenue rose to Dh927m in the second quarter. Photo: RAK Ceramics
      RAK Ceramics profit jumps on revenue increase in second quarter

      The company maintained its profitability despite rising global economic challenges

      BusinessAugust 03, 2022
      The UAE Central Bank requires licenced financial institutions to develop internal policies, controls and procedures to manage risks linked to money laundering. AFP
      UAE Central Bank issues new guidelines on dealing with politically exposed persons

      Banking regulator tightens regulations to manage risks related to money laundering

      BankingAugust 02, 2022
      Emirates Steel Arkan's plant in Mussaffah. The company was formed after the merger of Emirates Steel and Arkan Building Materials last year. Photo: Emirates Steel Arkan
      Emirates Steel Arkan’s Q2 profit surges on higher sales and rising commodity prices

      Company’s revenue grew more than 13 times annually to $700m in the second quarter

      MarketsAugust 02, 2022
      e&+'s net profit in the second quarter of 2022 rose to Dh2.43 billion. Photo: E-Vision
      UAE telecoms company e& posts 1.5% rise in Q2 net profit as subscriber base grows

      Net profit for the three months to end of June jumps to $745m

      TechnologyAugust 01, 2022
      The third auction of the UAE's conventional dirham-denominated treasury bonds was oversubscribed 5.1 times and attracted bids worth Dh7.6 billion. Antonie Robertson / The National
      Third auction of UAE's dirham treasury bonds oversubscribed 5.1 times

      Strong demand as bids worth Dh7.6bn flood in for Dh1.5bn offering

      MarketsAugust 01, 2022
      The Central Bank of the UAE has mandated banks and financial institutions to develop policies, controls and procedures to manage risks linked to money laundering. Photo: Central Bank of the UAE
      UAE Central Bank outlines anti-money laundering guidelines

      Licensed financial institutions required to develop internal policies to manage risks related to payments

      EconomyAugust 01, 2022
      Turkish traders at the Borsa Istanbul stock exchange. The newly launched Chimera S&P Turkey Sharia ETF will be listed on the ADX. EPA
      Chimera unveils Sharia-compliant fund tracking Turkish equities

      ADX-listed ETF will give investors direct access to companies listed on the Borsa Istanbul stock market

      MarketsAugust 01, 2022
      Yellow Door Energy's solar power project in Jordan. Photo: Yellow Door Energy
      Actis to acquire controlling stake in UAE's renewable energy developer Yellow Door Energy

      The transaction will be funded through the British private equity firm's $6bn Energy 5 fund

      EnergyJuly 29, 2022
      Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, and Betty Maina, Cabinet Secretary for Industrialisation, Trade and Enterprise Development, after the signing ceremony. Photo: UAE Ministry of Economy
      UAE and Kenya to begin negotiations on extensive trade deal

      Kenya is set to become first African country to start talks with the Emirates on extensive deal that will deepen trade and investment ties

      EconomyJuly 29, 2022
      For the first half of 2022, ADCB reported a net profit of Dh3bn, up 20 per cent yearly. Khushnum Bhandari/ The National
      ADCB Q2 profit rises on higher interest income and lower provisions

      The Abu Dhabi lender's total net interest income and income from Islamic financing rose 11.25% to Dh2.57bn

      BankingJuly 28, 2022
      Response Plus Holding listed on the Abu Dhabi Securities Exchange's Second Market in September 2021. Reuters
      Response Plus Holding reports nearly 65% rise in first-half net profit

      UAE health services provider records 130% surge in revenue in the January-June period

      MarketsJuly 28, 2022
      Samia Bouazza, chief executive of Multiply Group. Photo: Multiply Group
      Multiply Group second-quarter profit soars on strong performance of key businesses

      The Abu Dhabi-based company reaped Dh507m in revenue in the first half of 2022

      BusinessJuly 28, 2022
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