Latest Threads on News from companies

Emaar Development reported a 66% increase in property sales during the first nine months of 2024, reaching AED 48 billion (US$ 13.1 billion), compared to the same period in 2023. Revenue grew by 69% to AED 12.5 billion (US$ 3.4 billion), and the sales backlog increased by 47% to AED 83.7 billion (US$ 22.8 billion). The company launched 50 projects, including "Lavita" at The Oasis, a luxury mansion community. Emaar's founder, Mohamed Alabbar, highlighted the company's focus on innovation and sustainable growth. Dubai's growing population and emerging sectors contribute to the region's economic expansion and demand for housing.

The National Central Cooling Company (Tabreed) will hold an earnings call on 15 November 2024 at 3:00 PM to discuss the financial results for the period ending 30 September 2024. This information was communicated by Sean Magee, the Company Secretary.

The document is a notification addressed to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, regarding a decision by the Board of Directors of the National Central Cooling Company PJSC. According to Article 36/11 of the Disclosure and Transparency Regulations, a Circular Resolution concerning the company's financial results for the third quarter ending on September 30, 2024, will be distributed at 1:00 pm on November 14, 2024. The notification is signed by Sean Magee, the Company Secretary.

Air Arabia, the largest low-cost carrier in the Middle East and North Africa, reported a record net profit of AED 564 million for the third quarter of 2024, an 8% increase from the same period in 2023. The company's revenue for the first nine months of 2024 rose by 12%, surpassing AED 4.98 billion, with a 13% increase in passenger numbers and the launch of 22 new routes. In the third quarter, Air Arabia's revenue reached AED 1.78 billion, a 10% increase from the previous year, and over 5.1 million passengers were carried, marking an 8% rise. The seat load factor improved by 2% to 81%, indicating strong demand for the airline's services. Despite geopolitical and economic challenges, Air Arabia's performance highlights the resilience of its business model.

Air Arabia has announced that a board of directors meeting will be held on Monday, November 11, 2024, at 12:00 pm. The meeting will focus on discussing the financial results for the third quarter of 2024.