Tag: UAE

Amanat delivers record FY 2023 revenue of AED718 million, up 40% YoY

Amanat Holdings has announced its audited financial results for the year ended 31st December 2023 (FY 2023). The company's revenue grew by 40% year-on-year...

Dubai: Empower approves Dh425 million dividends to shareholders

The annual general meeting (AGM) of the Emirates Central Cooling Systems Corporation PJSC (Empower) has approved its board of directors’ proposal to distribute cash...

4 UAE banks help raise Dh4.25-billion syndicated loan for Africa

Four UAE banks helped Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, raise a $1.16-billion (Dh4.25-billion) syndicated loan. In addition to UAE...

Mubadala steps up Asia investment drive

Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund, led a Rs10 billion funding round of Avanse Financial Services, India’s education-focused non-banking financial company. The new...

UAE banks lead in revenue, digitalisation cuts branch costs across Gulf: Roland Berger

Saumitra Sehgal, Head of Financial Services in the Middle East at Roland Berger, a global strategy consultancy, said that the revenue of the UAE...

Robust economy, reforms to drive GCC M&A activity in 2024

Strong economic fundamentals, pro-investor business regulations and the wider government transformation agenda will continue to support deal-making prospects in 2024 in the region, in...

Response Plus Holding net profit surges 68% to Dh49.39 million during 2023

Response Plus Holding PJSC, the largest pre-hospital care and emergency medical services provider in the UAE and Saudi Arabia, announced that its net profit...

UAE investments abroad are performing well despite global economic fluctuations: Secretary-General of UAEIIC

Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC), stated that UAE investments abroad are performing well despite global economic...

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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...