Economy

Dubai's TECOM Group has reported a 23% rise in net profit, driven by record revenues of $462mn for FY2024 and high demand.

Saudi Telecom's net profit has dipped but has also outperformed expectations, while revenue grew and annual dividends surged, reflecting strategic investor confidence.

Qatar Central Bank’s issuance of treasury bills valued at QR2.7 billion highlights a strategic approach to liquidity management, attracting massive investor interest and underscoring economic resilience in volatile markets.

Alpha Dhabi reports a record-breaking 83% profit surge in Q3 2024, driven by industrial and real estate investments; strategic acquisitions since 2022 fuel ongoing growth.

Dubai partners with Google on its largest regional AI initiative, set to empower 500,000 individuals with essential AI skills; Ruth Porat underscores Google's mission to drive MENA’s digital transformation.