Tag: 2024

Taqa Group reports Dh6.3 billion net income for the first nine months of 2024

Abu Dhabi National Energy Company PJSC (Taqa) on Thursday announced group revenues of Dh41.7 billion, 6.0 per cent higher than the prior year period,...

National Bank of Fujairah posts a strong 39.3% net profit before tax growth to Dh715 million in the first nine months of 2024

National Bank of Fujairah (NBF) on Tuesday announced a year-on-year growth of 39.3 per cent to close the nine-month period at a net profit...

Adnoc Distribution reports record fuel volumes, Ebitda for first nine months of 2024

Adnoc Distribution on Thursday reported its highest nine-month earnings before interest, taxes, depreciation and amortisation (Ebitda) of $790 million (Dh2.90 billion) and underlying Ebitda...

SAMA 2024 Report Affirms Resilience of Saudi Financial System

The Saudi Central Bank (SAMA) issued its Financial Stability Report 2024, highlighting national and global trends and significant developments in the Saudi financial system,...

Dubai Financial Services Authority authorises 61 new firms in H1 2024

The Dubai Financial Services Authority (DFSA) today reported exceptional achievements for the first half of 2024, highlighting continued growth in the number of authorised...

361 million riders used Dubai’s public transport, shared mobility, and taxis in H1 2024 as daily ridership hits 1.98m

Dubai’s Roads and Transport Authority (RTA) announced that the number of users of public transport and shared mobility means in Dubai—including Metro, Tram, public...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...