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Babu Das Augustine


Articles

On completion of the IPO, Invescorp Capital shares will start trading on Abu Dhabi Securities Exchange on November 17. Photo: ADX
Investcorp Capital increases IPO offer size on strong demand

Company could raise up to $451 million from the listing on the Abu Dhabi bourse

MarketsNovember 09, 2023
Babu Das Augustine
Presight has more than 100 AI models and clients on three continents. Supplied Image
Presight AI’s third-quarter profit rises 18% to $35.5m

The company plans to capitalise on rising demand for big data analytics across regional and international markets

TechnologyNovember 07, 2023
Babu Das Augustine
Tourist and fishing boats sit in the harbour of Israel's northwestern port city of Acre as the conflict deters travellers. AFP
Gaza war expected to have lasting impact on Israel’s economy

Combined loss to travel and transport services exports will be about $1 billion this year, analysts say

EconomyNovember 06, 2023
Babu Das Augustine
DP World's Terminal 2 at Jebel Ali Port in Dubai. The company reported a 3 per cent rise in container volumes last year. Reuters
DP World's full-year profit soars 37% on strong revenue growth

Turnover grew 59 per cent to $17 billion, supported by acquisitions and the solid performance of ports

BusinessMarch 16, 2023
Babu Das Augustine
Tecom Group comprises 10 business districts that include Dubai Internet City, Dubai Media City and the Dubai Design District. AP
Dubai’s Tecom to distribute $54m cash dividend for second half of 2022

The move comes after company reported a 28% increase in its full-year net income

BusinessMarch 15, 2023
Babu Das Augustine
Apicorp's headquarters in Al Khobar, Saudi Arabia. The lender's total assets reached $8.85 billion in 2022. Photo: Apicorp
Apicorp’s full-year profit jumps on strong treasury and capital market gains

Total assets grew by 10.8% to $8.85bn, strengthened by a 48% increase in treasury assets

EnergyMarch 14, 2023
Babu Das Augustine
Minister of Economy Abdulla bin Touq speaks at the Confederation of Indian Industry Partnership Summit in New Delhi. Photo: Ministry of Economy
Fragmentation one of the biggest risks world economy faces, says UAE minister

Emirates supports efforts to promote economic integration, Abdulla bin Touq says at CII Partnership Summit 2023 in New Delhi

EconomyMarch 14, 2023
Babu Das Augustine
Last year marked the highest number of new customer registrations in Jafza in a decade, the free zone said. Photo: DP World
Dubai’s Jafza records 30% growth in new customer registrations in 2022

The number of newly registered Chinese companies rose four times last year on an annual basis

BusinessMarch 08, 2023
Babu Das Augustine
People walk past the dome of Maland mosque, over the rubble of the structure that fell in the earthquake, in Idlib, Syria. EPA
World Bank estimates Syria earthquake damage at $5 billion

Disaster is expected to cause a decline in economic activity that will further weigh on the country’s growth prospects

EconomyMarch 03, 2023
Babu Das Augustine
The Thuraya 4 Next Generation satellite is scheduled for launch next year. Photo: Yahsat
Yahsat targets 5% revenue growth in 2023

Company expects up to $455m in revenue from existing managed solutions and new commercial businesses, chief financial officer says

TechnologyMarch 02, 2023
Babu Das Augustine
Martin Tricaud, group head of investment banking at First Abu Dhabi Bank, left, and Simon Williams, chief economist at HSBC, at the Abu Dhabi Economic Summit. Khushnum Bhandari / The National
GCC in ‘sweet spot' in terms of economic growth and inflation, say economists

Interest rate increases and exchange rate stability are expected to keep inflation under control

BusinessFebruary 28, 2023
Babu Das Augustine
Protesters on the street of Tunisia's capital, Tunis. The country is struggling to boost economic growth amid a credit crunch and soaring inflation. AP
Securing IMF funds can help Tunisia but reforms are key

With the country facing large financing needs, along with soaring inflation and high unemployment, external assistance is crucial, analysts say

EconomyFebruary 26, 2023
Aarti Nagraj
DAR W Residences in Downtown Dubai. Photo: Dar Al Arkan properties
Saudi Arabia's Dar Al Arkan lists global unit on London Stock Exchange

Company valued at $613m following listing

PropertyFebruary 23, 2023
Babu Das Augustine
Khalifa Port in Abu Dhabi – non-oil trade between the UAE and Spain exceeded $2.6 billion in 2022. Photo: supplied
UAE and Spain explore private sector investment opportunities

Non-oil trade between the two countries exceeded $2.6 billion in 2022

EconomyFebruary 23, 2023
Babu Das Augustine
Abu Dhabi's Al Dhafra solar photovoltaic Independent power producer project. AFP
UAE launches initiatives to support net-zero goal

They will track and measure the progress of implementing the UAE Energy Strategy 2050

BusinessFebruary 22, 2023
Babu Das Augustine
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