Emirates Stallions Group has showcased impressive financial performance for the first nine months of 2025, reflecting its strategic focus on diversification and innovation. The company achieved a 19% increase in revenue, reaching Dh1.07 billion, alongside a notable rise in operating profit. Financial Highlights The Group’s operating profit before tax surged by 38% to Dh208.8 million,…
Ghitha Holding has announced a notable increase in its revenue for the first nine months of 2025, reflecting strong operational performance and strategic initiatives. The company’s financial results highlight a robust growth trajectory, driven by acquisitions and enhanced operational efficiencies. Financial Performance Overview For the first three quarters of 2025, Ghitha Holding’s revenue rose by…
In the first nine months of 2025, NMDC Energy has demonstrated impressive financial performance, achieving a notable increase in revenue and net profit. The company’s strategic focus on expanding its operations internationally and executing a solid backlog has contributed to its growth. Financial Highlights NMDC Energy reported a 33% year-on-year increase in revenue, reaching Dh13…
ADNOC Drilling has announced impressive financial results for the first nine months of 2025, showcasing a robust increase in revenue and profits. The company also introduced a comprehensive dividend plan aimed at rewarding shareholders through 2030. Financial Performance Overview In the first three quarters of 2025, ADNOC Drilling achieved a 27% increase in revenue, reaching…
Gold prices in Dubai have continued to decline, remaining below the Dh500 mark. As of Tuesday morning, the price for 24-karat gold was recorded at Dh481.25 per gram, while 22-karat gold was priced at Dh445.50 per gram. This downward trend reflects broader market dynamics and investor sentiment. Global Market Influences The recent drop in gold…
PT Aneka Tambang (Antam) has reported a remarkable increase in its net income for the first nine months of the year, more than doubling its earnings compared to the previous period. This surge is largely attributed to a 20% rise in gold sales, which reached 1.1 million troy ounces. The company’s performance reflects broader trends…
Amazon is set to reduce its workforce by approximately 30,000 office positions as part of a broader strategy to cut costs and enhance investments in artificial intelligence (AI). This decision comes as the company aims to streamline operations and improve efficiency in a competitive market. Job Cuts Overview The planned layoffs will affect nearly 10%…
Gold buyers often find more favorable prices in Dubai compared to India, despite both countries adhering to the same international gold price benchmarks. The disparity arises not from the global rate itself but from the varying taxes, duties, and making charges imposed in each market. Factors Influencing Gold Prices in Dubai Dubai’s status as a…
The Bangko Sentral ng Pilipinas (BSP) is contemplating the sale of some of its gold reserves, as a central bank official suggests that current holdings may be excessive. With gold prices experiencing volatility, the timing appears favorable for the BSP to consider profit-taking on its investments in the precious metal. Current Gold Holdings and Market…
As the UAE prepares to announce fuel prices for November, motorists are left wondering if they will see a decrease following the recent rise in October. The global oil market is experiencing fluctuations, influenced by geopolitical factors and supply dynamics, which will ultimately determine the prices at the pump. Recent Price Trends In October, fuel…