The country's transition from winter to summer is typically marked by fluctuating weather conditions, expert explains
weather3 hours ago
Dubai Investments, a diversified Investment company listed on the Dubai Financial Market (DFM), on Tuesday reported a 102 per cent surge in the third quarter net profit to Dh213 million, compared to Dh105 million in the corresponding period last year.
The net profit for the nine-month period ending September 30, 2020 was Dh418 million compared to Dh458 million for the same period last year. The total revenue during the nine-month period was Dh1.90 billion while the total assets increased to Dh21.5 billion as at the end of third quarter of 2020 as compared to Dh20.6 billion during the same period last year.
“Despite the challenging times, we were able to achieve strong performance this quarter. Overall business has started to pick-up and we are focusing on successfully navigating through the changing business dynamics,” Khalid bin Kalban, vice-chairman and CEO of Dubai Investments, said.
Careful review, analysis and optimisation of the resources coupled with a competitive growth strategy, has been instrumental in enhancing business endurance. One of the examples of this is the upcoming launch of REIT by Al Mal Capital, one of the subsidiaries of Dubai Investments PJSC, that is expected to be listed on DFM in January 2021, he said.
“In the current environment, investors are looking for secure long-term attractive returns and this REIT and DFM listing will meet investors’ needs, providing a liquid vehicle to access a sector with strong fundamentals,” he added.
— business@khaleejtimes.com
The country's transition from winter to summer is typically marked by fluctuating weather conditions, expert explains
weather3 hours ago
The Japanese-owned galloper, who was looking to win a third colt's Classic, was beaten a close third in an absolute classic won by Mystik Dan
sports3 hours ago
The results for both class 10 and class 12 are expected to be declared on the same day
asia3 hours ago
The food safety regulator stated that the maximum limit is fixed differently for different food commodities based on their risk assessments
asia4 hours ago
The two customer happiness centres will operate on a 'partial closure basis' till project is completed by September end
uae4 hours ago
Siraj showed what he is capable of with the new ball against Gujarat as he dismissed Wriddhiman Saha and Shubman Gill in successive overs
cricket4 hours ago
Messi was magical again as a rampant Inter Miami crushed the New York Red Bulls 6-2
football4 hours ago
The UAE face Sri Lanka in the semifinals of the Global qualifiers today. The winner of this match will qualify for this year's Women's T20 World Cup
cricket5 hours ago