The total number of Chinese visitors to the UAE stood at around 1.2 million in 2023
business4 days ago
Multiply Group, a leading Abu Dhabi-based investment holding firm, has announced its financial results for the second quarter of 2024, logging a 60 percent revenue growth year-on-year (YoY) across its operating portfolio to Dh442 million.
The group's net profit (excluding fair value changes) reached Dh319 million, up 49 percent YoY, largely led by the consolidation of new acquisitions as we deliver on our vertical building strategy.
Blended gross profit margin remained healthy at 43.5 percent, reflecting the change in revenue mix with increased contribution from the Media vertical post new acquisitions (33 percent of Q2'24 revenue versus 8 percent in Q2'23). Investment and other income including dividend income was at Dh218 million.
The total number of Chinese visitors to the UAE stood at around 1.2 million in 2023
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Companies had select sellers which hurt smaller players, reports find
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The CBUAE explained that banks' capital and reserves do not include subordinated borrowings/deposits, but do include the current year's profits
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Common queries highlight a broader need for clarity and understanding
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Northern emirate has announced several investor-friendly measures
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Asset managers, banks and family offices have increased their presence in the UAE in recent years, driven by a post-pandemic economic rebound
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Ties between the world's two most populous nations have been strained
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Payouts jumped to a record $606.1 billion in the second quarter
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