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Economy Local 2025-11-13T13:11:02+00:00

Bitcoin Struggles to Break Out of $330 Billion Abyss

Bitcoin is struggling to break out of the $330 billion abyss, as the force behind its rise is fading. This is about Bitcoin whales exiting and investment funds absorbing $25 billion in the liquidity that had fueled the price increases.

Bitcoin Struggles to Break Out of $330 Billion Abyss

Bitcoin is struggling to break out of the $330 billion abyss, as the force behind its rise is fading. This is about Bitcoin whales exiting and investment funds absorbing $25 billion in the liquidity that had fueled the price increases.

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ADNOC Gas Reports Record Quarterly Profit
2025-11-13T13:13:49+00:00

ADNOC Gas Reports Record Quarterly Profit

ADNOC Gas achieved its best quarterly results ever in Q3, with a profit of 49.2 billion dirhams, an 8% year-on-year increase.
Economy Local
Salama Insurance Reports 64% Drop in Profit
2025-11-13T13:13:12+00:00

Salama Insurance Reports 64% Drop in Profit

The Islamic insurance company 'Salama' achieved a net profit of 111 million dirhams in the first nine months of the current year, compared to 304 million dirhams in the same period last year, a decrease of 64%.
Economy Local
Drake & Scull Profit Plummets 97%
2025-11-13T13:12:20+00:00

Drake & Scull Profit Plummets 97%

Drake & Scull International PLC has achieved a net profit of AED 111 million by the end of the first nine months of 2025, compared to a profit of AED 3.8 billion during the same period in 2024, a decline of 97%. The company attributes this significant drop in profit to several factors, including a general economic downturn, an increase in operational costs, and a reduction in the volume of orders for large-scale infrastructure projects. Despite this, the company's management expresses confidence in its ability to overcome current challenges and stabilize its financial performance for the remainder of the year.
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