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Babu Das Augustine


Articles

Al Seer Marine, a subsidiary of International Holding Company. IHC attributed its strong second-quarter results to solid business performance across its subsidiaries. Photo: IHC
Abu Dhabi's IHC reports surge in Q2 net profit

Revenue for the second quarter grew by about 50% to $3bn

MarketsAugust 08, 2022
Babu Das Augustine
Agthia, which owns the Al Ain mineral water brand, reported an almost 96 per cent surge in its net profit for the second quarter of 2022. Delores Johnson / The National
Agthia's second-quarter net profit surges 96% on higher revenue

Abu Dhabi company’s revenue in the first half of 2022 reached $544m, driven by consolidation of strategic acquisitions

BusinessAugust 04, 2022
Babu Das Augustine
Waha Capital said a significant fall in global equity markets was reflected in valuations of its holdings in listed securities in the second quarter. Ravindranath K / The National
Waha Capital reports $23.24m first-half profit amid global market turbulence

Abu Dhabi-listed company's public market funds outperformed reference indexes despite high market volatility

MarketsAugust 04, 2022
Babu Das Augustine
The RAK Ceramics factory in Ras Al Khaimah. Total revenue rose to Dh927m in the second quarter. Photo: RAK Ceramics
RAK Ceramics profit jumps on revenue increase in second quarter

The company maintained its profitability despite rising global economic challenges

BusinessAugust 03, 2022
Babu Das Augustine
The UAE Central Bank requires licenced financial institutions to develop internal policies, controls and procedures to manage risks linked to money laundering. AFP
UAE Central Bank issues new guidelines on dealing with politically exposed persons

Banking regulator tightens regulations to manage risks related to money laundering

BankingAugust 02, 2022
Babu Das Augustine
Emirates Steel Arkan's plant in Mussaffah. The company was formed after the merger of Emirates Steel and Arkan Building Materials last year. Photo: Emirates Steel Arkan
Emirates Steel Arkan’s Q2 profit surges on higher sales and rising commodity prices

Company’s revenue grew more than 13 times annually to $700m in the second quarter

MarketsAugust 02, 2022
Babu Das Augustine
e&+'s net profit in the second quarter of 2022 rose to Dh2.43 billion. Photo: E-Vision
UAE telecoms company e& posts 1.5% rise in Q2 net profit as subscriber base grows

Net profit for the three months to end of June jumps to $745m

TechnologyAugust 01, 2022
Babu Das Augustine
The third auction of the UAE's conventional dirham-denominated treasury bonds was oversubscribed 5.1 times and attracted bids worth Dh7.6 billion. Antonie Robertson / The National
Third auction of UAE's dirham treasury bonds oversubscribed 5.1 times

Strong demand as bids worth Dh7.6bn flood in for Dh1.5bn offering

MarketsAugust 01, 2022
Babu Das Augustine
The Central Bank of the UAE has mandated banks and financial institutions to develop policies, controls and procedures to manage risks linked to money laundering. Photo: Central Bank of the UAE
UAE Central Bank outlines anti-money laundering guidelines

Licensed financial institutions required to develop internal policies to manage risks related to payments

EconomyAugust 01, 2022
Babu Das Augustine
Turkish traders at the Borsa Istanbul stock exchange. The newly launched Chimera S&P Turkey Sharia ETF will be listed on the ADX. EPA
Chimera unveils Sharia-compliant fund tracking Turkish equities

ADX-listed ETF will give investors direct access to companies listed on the Borsa Istanbul stock market

MarketsAugust 01, 2022
Babu Das Augustine
Yellow Door Energy's solar power project in Jordan. Photo: Yellow Door Energy
Actis to acquire controlling stake in UAE's renewable energy developer Yellow Door Energy

The transaction will be funded through the British private equity firm's $6bn Energy 5 fund

EnergyJuly 29, 2022
Babu Das Augustine
Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, and Betty Maina, Cabinet Secretary for Industrialisation, Trade and Enterprise Development, after the signing ceremony. Photo: UAE Ministry of Economy
UAE and Kenya to begin negotiations on extensive trade deal

Kenya is set to become first African country to start talks with the Emirates on extensive deal that will deepen trade and investment ties

EconomyJuly 29, 2022
Babu Das Augustine
For the first half of 2022, ADCB reported a net profit of Dh3bn, up 20 per cent yearly. Khushnum Bhandari/ The National
ADCB Q2 profit rises on higher interest income and lower provisions

The Abu Dhabi lender's total net interest income and income from Islamic financing rose 11.25% to Dh2.57bn

BankingJuly 28, 2022
Babu Das Augustine
Response Plus Holding listed on the Abu Dhabi Securities Exchange's Second Market in September 2021. Reuters
Response Plus Holding reports nearly 65% rise in first-half net profit

UAE health services provider records 130% surge in revenue in the January-June period

MarketsJuly 28, 2022
Babu Das Augustine
Samia Bouazza, chief executive of Multiply Group. Photo: Multiply Group
Multiply Group second-quarter profit soars on strong performance of key businesses

The Abu Dhabi-based company reaped Dh507m in revenue in the first half of 2022

BusinessJuly 28, 2022
Babu Das Augustine
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