TECOM reports 21 per cent increase in revenue and net profits of $98m
TECOM
Latest in TECOM
Dubai
TECOM shareholders approve $108.9mn dividend for H2 2024
With this, the total cash dividends for the year 2024 reaches $217.8mn, equivalent to 16 fils per share
Dubai Internet City
Dubai Internet City adds $27.2bn to GDP
Dubai Internet City accounts for 65 per cent of the emirate’s tech GDP
TECOM
TECOM net profit surges 14% to $330m after record revenue in FY2024
High occupancy rates of 94% and retention rates of 92% lead to an 11% YoY increase in revenue to $650 million
Dubai Industrial City
Elite Group to open $27m facility in Dubai Industrial City
Elite Group will invest in automotive and e-commerce sectors with Dubai Industrial City project
India
Dubai Holding arm TECOM to exit from SmartCity Kochi project
Contours of the withdrawal, including the compensation to be given to TECOM, will be decided by a state government-appointed committee
TECOM
TECOM announces record results as revenues reach $463m
TECOM Group has revealed a 23 per cent increase in net profits so far this year
content creators
Dubai Studio City sees 12% growth in creative talent community as content creators lured by Golden Visa offers and diverse media jobs
Dubai Studio City sees spike in creative talent community
Dubai startups
in5 Dubai startup funding passes $2.1bn
Dubai startup incubator in5 has seen massive funding for businesses in the technology, media, design, and science sectors
D3
Dubai study values global digital creative economy at $7.3tn
The study was developed by Dubai Design District (d3) and Dubai Media City in partnership with Monstarlab
Dubai Industrial City
Dubai Industrial City expands after $112m land purchase
Dubai Industrial City launches around 14million square feet of extra capacity
Dubai
TECOM profit surges to $79 million on record high occupancy levels
Group says 91% of its portfolio is occupied with more than 11,000 customers; net profit up 15%; revenue up 10% to $153.6 million
Dubai
Tecom Group reports net profit up 20 percent YoY in the first nine months of 2023
The group’s consolidated revenue reached AED1.6 billion for the nine-month period, with a net profit of AED768 million
delivery services
Dubai ‘perfect choice’ for ride-hailing app Yango to set up global office
The company’s presence in Dubai is expected to enrich the tech sector, empower local talent, foster innovation, and facilitate global knowledge exchange
D33
Dubai announces massive new $54mn food facility
The new Dubai food facility will support the distribution of wholesale bakery products
Dubai Internet City
Tecom Group to build $120mn office hub in Dubai Internet City
The new project is due for completion in 2024
B2B marketplace
Dubai Industrial City sees opening of $24.5mn distribution facility
The 3-day stock of the facility is large enough to serve 5% of UAE’s population