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United Foods Company reports strong FY2024 performance
Board of Directors proposes 100% cash dividend of paid-up capital, reflecting robust financial performance and dedication to consistent returns to shareholders Financial Highlights (Year ended 31 December 2024): Sales volumes increased 5.9%, highlighting strong market demand across core categories Gross revenue reached record of AED ......Read More
Monday, April 28, 2025
LG Announces first-quarter 2025 financial results
Company Achieves Record-Breaking First-Quarter Revenue Driven by Balanced Growth in Home Appliance and B2B Sectors Dubai, April 25, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of USD 15.67 billion and operating profit of USD 869 million for the first quarter of 2025. This marks the highest first-quarter revenue in ......Read More
Saturday, April 26, 2025
Ajman Bank Successfully Prices USD 500 million Inaugural 5 Year Sukuk
Dubai, UAE, April 24 - Ajman Bank P.J.S.C. (“Ajman Bank” or “the Bank”), the first Islamic Bank incorporated and headquartered in the Emirate of Ajman, successfully priced a USD 500 million 5-year Sukuk at a credit spread of 130 basis points over the United States treasury rate, which equates to a fixed profit rate of ......Read More
Friday, April 25, 2025
Gold (XAU/USD) charges to $3,500 as Fed independence comes under threat
By Daniela Sabin Hathorn, senior market analyst at Capital.com Gold continues its impressive rally as market confidence in the soundness of the US administration wavers. The latest headline shaking investor sentiment emerged over the Easter weekend, with reports suggesting that President Trump is exploring ways to remove Federal Reserve ......Read More
Tuesday, April 22, 2025
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TAQA Acquires Leading UK Electricity Transmission Development and Services Company
Strategic acquisition of Transmission Investment will support TAQA Transmission’s international growth plans and expands its capabilities in offshore transmission services and transmission infrastructure development Transmission Investment is one of the largest players in the United Kingdom’s offshore electricity transmission market and a prominent player in the country’s interconnector sector Abu Dhabi, UAE – 17 April 2025: Abu Dhabi National Energy Company PJSC (“TAQA” or “the Group”), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, announced today that it has ......Read More
Thursday, April 17, 2025
Gold (XAU/USD) drops sharply amid market panic, but fundamentals remain strong
By Daniela Sabin Hathorn, senior market analyst at Capital.com Global markets opened the week under pressure, with major equity indices tumbling once again as volatility swept through the Asian session. The latest wave of selling follows China's announcement of retaliatory tariffs on the U.S., intensifying the fallout from last week's ......Read More
Tuesday, April 8, 2025
MultiBank Group Records Exceptional Financial Results with Revenue of $361.8 Million and EBITDA of $ ...
Revenue surpasses $361 million in 2024, marking an 18% year-on-year increase EBITDA surged by 24.5% to reach $284,909,572 in 2024. Net income exceeds $264 million, reflecting 16% growth Dubai, UAE – April 6th 2025: MultiBank Group, the world's largest financial derivatives institution headquartered in Dubai, has achieved a ......Read More
Sunday, April 6, 2025