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BUSINESS

BUSINESS latest

Aamal Company Q.P.S.C. (“Aamal”) Financial Results for the first quarter ended 31 March 2026
April 29th, 2026 - 03:54 GMT

Aamal Company Q.P.S.C. (“Aamal”) Financial Results for the first quarter ended 31 March 2026

The Board of Directors of Aamal Company Q.P.S.C. (“Aamal”), one of the region’s leading diversified companies, today announces its financial results for the first quarter ended 31 March 2026. Financial Highlights • Total revenue down 19.9% to QAR 464.8m (Q1 2025: QAR 580.3m) • Gross profit down 3.5% to QAR 124.2m (Q1 2025: QAR 128.7m) • Net profit attributable to Aamal equity holders down 11% to QAR 90.7m (Q1 2025: QAR 101.8m) • Reported earnings per share decreased 11% to QAR 0.014 (Q1 2025: QAR 0.016) • Net capital expenditure ...
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Strong capital levels provide a large, loss-absorbing buffer for the UAE's banks. Moody's expects strengthening profitability to support capital levels, with sector-wide tangible common equity (TCE) at 14%-15% of risk-weighted assets over the next 12 to 18 months. (Shutterstock)
November 11th, 2018 - 04:48 GMT

Report: UAE Banking System Stable for Now


Economist Abdulaziz Sharoofna said that Saudization of such occupations is a necessary step to create more job opportunities for Saudi young men and women. (Shutterstock)
November 11th, 2018 - 04:42 GMT

Shops Close, Others Comply as Saudi Implements Saudization for These 12 Sectors

Iran underlines that the IAEA is the sole competent authority responsible for the verification of the fulfillment of safeguards obligations. (Shutterstock)
November 11th, 2018 - 04:35 GMT

Iran Fights for Right to Develop National Nuclear Fuel Cycle

This is a bid for the UAE to achieve regional and global leadership in attracting innovation and advanced technology applications such as self-driving vehicles and AI in health. (Shutterstock)
November 11th, 2018 - 04:29 GMT

UAE Issues New Law for Future Technologies Applications

The decision was made after "a broad assessment of recent developments in Saudi Arabia and the unclear situation in Yemen", according to a statement by the foreign ministry. (Shutterstock)
November 11th, 2018 - 04:19 GMT

Norway Joins Germany in Arms Export Boycott Against Saudi Arabia

These results reflect the significant progress made by the UAE in Information and Communications Technology, ICT, which had been the outcome of the Telecommunication Regulatory Authority's, TRA's, diligent work, guided by the leadership directives. (Shutterstok)
November 11th, 2018 - 04:13 GMT

UAE Sixth in the World in Global Competitiveness Index

It is great for oil countries to fix goals and targets, and show the world its commitment to stabilize energy price. (Shutterstock)
November 11th, 2018 - 04:07 GMT

Opinion: Are Arab Oil Producers' Claims of Ability to Increase Production Empty Promises?

Those arrested included 13 Saudis, 16 Yemenis, 13 Ethiopians, one Afghan and one Somali, after they were monitored crossing the Kingdom’s southern border, including the areas of Jazan, Najran and Asir. (SPA)
November 11th, 2018 - 04:01 GMT

Saudi Succeeds in Stopping More Than Half a Ton of Hashish to Enter the Country in Past Month

The new customs gate was named after Turkey's Operation Olive Branch, which was launched on Jan. 20 to free Afrin of YPG/PKK and Daesh terrorists. (Shutterstock)
November 11th, 2018 - 03:56 GMT

Turkey, Syria Trade Resumes With New Customs Gate Opening

"New economic sanctions on Iran do not target Iran's population. They target the Iranian regime's behavior," (Shutterstock)
November 11th, 2018 - 03:50 GMT

Iraq Gets 45-Day Sanctions Waiver Period for Iranian Gas and Electricity Imports, But There Is a Catch

Sharjah International Book Fair
November 8th, 2018 - 12:19 GMT

National Media Council to Host Interactive Session on India UAE Ties at Sharjah Book Fair

The Emirates Flight Training Academy will also participate at this year’s Bahrain Airshow with an Embraer Phenom 100EV jet on display, one of the Academy’s twin-engine training aircraft.
November 8th, 2018 - 12:04 GMT

Emirates Gears Up for Its Largest Presence Ever at Bahrain International Airshow

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