#Q1 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