#Q1 2023

bu Dhabi GDP growth in Q1 2023 GettyImages-1316754718

Abu Dhabi GDP shows 3.9% growth in Q1 2023: SCAD

According to SCAD estimates, Abu Dhabi’s non-oil GDP (at constant prices) surpassed the highest quarterly value of the past nine years, reaching Dhs146bn in Q1 2023

Dubai taxi sector image RTA twitter

Dubai taxi sector achieves 27 million trips in Q1 2023

The taxi sector in Dubai showed 6 per cent growth during the first quarter of 2023

EFG Hermes group CEO Karim Awad Image courtesy EFG Hermes Holding

EFG Hermes reports 157% rise in net profit to EGP885m in Q1 2023

The group recorded a 129 per cent year-on-year rise in revenue to EGP4.5bn in Q1 2023

Air Arabia reports Q1 2023 performance

Air Arabia reports net profit of Dhs342m for Q1 2023

Air Arabia added nine new routes to its global network from its seven hubs in the UAE, Morocco, Egypt, Armenia and Pakistan during Q1 2023

RAKBANK

RAKBANK more than doubles net profit to Dhs450m in Q1 2023

RAKBANK reported a record total income of Dhs1.07bn for the first quarter

DMCC JLT photo Dubai Media Office

Dubai’s DMCC reports record Q1 2023 results, sees best first quarter since launch

The rise represents an 8.4 per cent year-on-year increase, and an average annual increase of 13.7 per cent over the last five years