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Bayanat reports AED113 million in revenues in Q1 24

ABU DHABI: Bayanat, the ADX-listed public company and provider of AI-powered geospatial solutions, announced today its results for Q1 2024, reporting AED113 million in revenues, a 12% increase Year-over-Year.

In a statement on Wednesday, the company …

S. Korea’s ICT exports jump nearly 34% in April

SEOUL: South Korea’s exports of information and communication technology (ICT) products soared almost 34 percent in April, logging the sixth consecutive month of increase, on robust global demand, Yonhap News Agency reported on Wednesday.

Outbound sh…

Tabreed reports AED468 million revenues in Q1 2024

ABU DHABI: Tabreed, the UAE’s international district cooling company, today released its consolidated financial results for the first three months of 2024, recording revenue increase to AED468 million compared to AED464 million in Q1 2023.

In a state…

Thuraya unveils next generation ‘IP NEO’ terminal

ABU DHABI: Thuraya Telecommunications Company, the mobile satellite services subsidiary of Al Yah Satellite Communications Company, has announced IP NEO, the first in a new family of next-generation satellite communications products packed with advanc…

Saif bin Zayed inaugurates ‘Seamless Middle East 2024’

DUBAI: H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, on Tuesday inaugurated the conference and exhibition of digital economy technologies “Seamless Middle East 2024”.

The event, held at the Duba…

TAQA Group reports AED2.1 billion net income for Q1 2024

ABU DHABI: Abu Dhabi National Energy Company (TAQA) reported its earnings for the period ending 31st March 2024. TAQA delivered a robust financial performance, bolstered by the recognition of contributions from Sustainable Water Solutions Holding Comp…

Kuwait’s NREC posts Q1 profits of KD 2.9 mln

Kuwait’s National Real Estate Company (NREC) announced that its net profits reached KD 2.9 million (approximately USD 9.4 million) in the first quarter of 2024, with dividends per share amounting to 1.62 fils.

The Vice Chairman and Chief Executive Of…

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