Tag: UAE

Crypto Miner Phoenix Group Reports 50% Jump in Net Income

UAE-based blockchain mining firm Phoenix Group said it has seen a 50% growth in net income and a “substantial increase” in year-on-year sales following...

Tabreed registers AED2.4 billion in 2023 revenues; up 9% YoY

Tabreed, the UAE’s leading international district cooling company, today released its consolidated financial results for the year 2023, reporting a revenue of AED 2.4...

SALAMA records full-year revenue of AED 1.11 billion; achieves 20% revenue growth in 2023

Islamic Arab Insurance Company, listed as (SALAMA) on DFM, announced its preliminary results for the 2023 fiscal year. The company recorded insurance revenue of...

UAE-India strategic partnership a model of sustainable development: Al Zeyoudi

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, praised the strategic partnership between the UAE and India, which constitutes a...

Emaar Development property sales jump 22% to Dh37.4 billion in 2023

Emaar Development, a majority-owned subsidiary of Emaar Properties, said property sales in 2023 jumped 22 per cent to Dh37.4 billion compared to Dh30.7 billion...

UAE, Saudi Arabia, Qatar rank among top emerging markets for logistics

The UAE, Saudi Arabia and Qatar continue to rank among the world’s top 10 emerging markets for logistics, improving or holding steady in key...

UAE real estate market surges amid global uncertainties: Report

The UAE market witnessed unprecedented growth during 2023 despite the various global challenges, according to a real estate report based on the fourth quarter...

Will foreign investors turn their eyes to UAE, GCC markets in 2024?

As the US key stock market benchmark S&P 500 reaches record highs in early 2024, the focus shifts to potential foreign investments in the...

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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...