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Rheinmetall moving towards order backlog of 30 billion euros – CEO By Reuters
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Rheinmetall moving towards order backlog of 30 billion euros – CEO By Reuters

© Reuters. Armin Papperger, CEO of German defense and automotive group Rheinmetall AG poses in front of the company’s logo and headquarters following a Reuters interview in Duesseldorf, Germany January 27, 2023. REUTERS/Jana Rodenbusch By Sabine Siebold and Anneli Palmen DUESSELDORF (Reuters) – German arms maker Rheinmetall had a record year in 2022 and is...

AED33.1 billion in net profit reported by seven listed banks for 2022
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AED33.1 billion in net profit reported by seven listed banks for 2022

Thu 26-01-2023 22:24 PM ABU DHABI, 26th January, 2023 (WAM) – Seven listed banks in the UAE reported net profit of AED33.125 billion in 2022, demonstrating the strength of their financial soundness, the advantages of their high liquidity, and the robust revenues brought on by the full recovery from the Covid-19 effects. The highest share...

Emirates NBD’s 2022 net profit reaches AED 13 billion
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Emirates NBD’s 2022 net profit reaches AED 13 billion

Thu 26-01-2023 17:15 PM DUBAI, 26th January, 2023 (WAM) – Emirates NBD, a leading bank in the region, announced that its profits rose 40% to AED 13 billion in 2022, driven by strong regional economic growth and the success of its diversified business model. The bank’s Q4 profit was particularly strong, at AED 3.9 billion,...

Dubai records over AED1.5 billion in realty transactions on 25th January
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Dubai records over AED1.5 billion in realty transactions on 25th January

According to information from the Dubai Land Department, the real estate market in Dubai had 494 sales transactions for AED1.34 billion on Wednesday, 84 mortgage deals worth AED186.59 million, and 16 gift deals totaling AED17.73 million. 75 land plots valued at AED395.07 million and 419 houses and apartments for AED943.13 million were sold. The mortgages...

FAB reports full year 2022 Group Net Profit of AED13.4 billion,  up 7% yoy
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FAB reports full year 2022 Group Net Profit of AED13.4 billion, up 7% yoy

ABU DHABI, 26th January, 2023 (WAM) — First Abu Dhabi Bank (FAB) has reported a Group Net Profit of AED13.4 billion during 2022, up 7% year-on-year (yoy) compared to the same period in 2021, with earnings per share at AED1.18. H.H. Sheikh Tahnoun bin Zayed Al Nahyan, National Security Adviser and Chairman of FAB, said,...