International Holding Company reports Dh1.5b Q1 net profit

Abu Dhabi: Abu Dhabi-based strategic investment company International Holding Company (IHC) Wednesday reported net profit of Dh1.5 billion for Q1 2021 compared to Dh113 million a year earlier. The surge in profit was driven by growth in the Industrials and capital verticals. Revenues in the first quarter 2021 were Dh2.27 billion, up from Dh1.56 billion […]

Quick COVID response puts Saudi economy on recovery path

Dubai: Saudi Arabia’s economy is bouncing back from the slump last year, thanks to the quick and decisive response by the authorities, the International Monetary Fund (IMF) said in the concluding statement of its 2021 Article IV consultation. “The authorities responded quickly and decisively to the COVID-19 crisis and the economic recovery that is underway is […]