Mary Sophia

Company's net profit would have jumped to $10m without the write-off

Turnover rose 2% annually to $394.8m during the period

Airline's turnover in first quarter rose 97% to $305bn

Developer's revenue grew 9% in the first three months of this year

Improved demand and higher prices for its products contributed to its first-quarter profitability

Prices fall as Beijing's Covid restrictions cloud outlook for investors

Billionaire businessman had previously opposed Tesla founder's buyout of social media platform

Company's board was granted authority to appoint experts to initiate legal proceedings against its former board members who were dismissed for misconduct

The UAE was the most active in the region with deals rising 5% to $4.3bn in the first three months of the year

Brent crude was up more than 3% in signs of tightening supply as the 27-member bloc outlined a proposal to ban oil imports from the world’s third-largest oil producer

Deal will allow state oil company to speed up its downstream and industrial growth programme

Issuing the T-bonds in local currency will help boost banking sector, finance minister says

Dubai bourse plans to launch a retail product derived from the Oman Crude Oil Futures

The number of transactions worth more than $1bn jumped 57% last year, a new report shows

Move is expected to make exchange more attractive to international investors