The event highlighted Hilton's innovative ‘Green Ramadan’ initiative and its commitment to sustainable hospitality in Hilton
Foreign investors' ownership in DFM also increased to 22.2 per cent during the period, said Essa Kazim, chairman of DFM.
He said that institutional investors have increased their participation in the market from 25.3 per cent of the trading value during the first nine months of 2015 to 28.3 per cent during the same period of 2016, with a net buying of Dh1.5 billion.
He added that the DFM General Index has been the best-performing among GCC stock markets and came fourth among leading indices globally, advancing 10.3 per cent during the first nine months of the year.
The company recorded a net profit of Dh175million during the first nine months of 2016, a 29 per cent decrease from Dh245.5 million in the same period of 2015.
Net profit in the third quarter of 2016 reached Dh35.4 million, compared to Dh45.4 million in the third quarter of 2015.
Total revenue decreased by 19 per cent to Dh308.1 million during the period, compared to Dh381.8 million during the corresponding period of 2015. The revenue comprised Dh248.6 million of income and Dh59.5 million of investment returns. Company expenses reached Dh138.5 million by the end of September 2016 compared to Dh136.3 million in the same period of 2015.
During the third quarter of 2016, revenue reached Dh81.1 million compared to Dh89.2 million in the third quarter of 2015, while expenses amounted to Dh45.7 million in the same period compared to Dh43.8 million.
The event highlighted Hilton's innovative ‘Green Ramadan’ initiative and its commitment to sustainable hospitality in Hilton
On every 19th of Ramadan, the country celebrates Sheikh Zayed Humanitarian Day to commemorate the humanitarian efforts of the founding father
Customers can earn miles with every purchase made with any linked payment card across all Union Coop stores and online
People will be trained for a couple of months before they are able to drive and fly it
Conditions are likely to get humid by night time
For Asangaziev Elim, the holy month meant toiling for the less fortunate
Organised by the Emirates Red Crescent Society, this grand affair aimed to nurture a profound sense of inclusivity and belonging within the community
About 50 members of the Divine Mercy Apostolate joined the