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Modon Holding has announced the launch of luxury residences on the east hill at Nawayef, located on Hudayriyat Island in Abu Dhabi. This development, built on a 60-meter manmade hill, includes three collections of high-end villas and mansions offering panoramic views of the Abu Dhabi skyline and waterfront. The project supports Abu Dhabi's strategic vision for urban expansion and aims to enhance the city's global appeal. Inspired by Newport Hills in California, the east hill at Nawayef integrates tourism, leisure, sport, and urban living. It features properties ranging from 370 to 3,800 square meters, including Mansions, Heights, and Homes, each designed to maximize views and provide a luxurious living experience. Bill O’Regan, Group CEO of Modon Holding, emphasized the project's commitment to innovation and excellence in real estate development.

Deyaar Development PJSC reported a profit before tax of AED 348.8 million for the nine months ending September 2024, marking a 47% increase from AED 237.5 million in the same period in 2023. Revenue for the same period rose by 11% to AED 1,040.5 million from AED 939.8 million in 2023. For the third quarter of 2024, profit increased by 23% year-on-year to AED 146.2 million, with revenue rising by 21% to AED 376.1 million. Earnings per share for the year-to-date reached 7.51 fils, up 38% from 5.43 fils in 2023, with a third-quarter increase of 18% to 3.20 fils. The company's CEO, Saeed Mohammed Al Qatami, attributed the growth to strategic planning, successful projects, and the positive reception of their diverse property portfolio in the UAE.

Dubai Taxi Company PJSC (DTC) reported a 20% year-on-year increase in EBITDA to AED 432.2 million for the first nine months of 2024, with revenue rising 13% to AED 1.60 billion. The company expanded its operational taxi fleet by 444 vehicles, achieving a 46% market share in Dubai and completing 36 million trips, a 5% increase from the previous year. The EBITDA margin improved by 2 percentage points to 27%. Net profit before tax reached AED 271.8 million, a 19% increase excluding interest costs. DTC formed a strategic partnership with Bolt to launch an international e-hailing platform in Dubai. The company's taxi segment revenue grew 12% to AED 1.39 billion, while the limousine segment saw a 3% increase to AED 89.1 million. The bus segment's revenue rose 27% to AED 87.7 million, supported by new service contracts and fleet expansion. DTC's delivery bike segment, boosted by partnerships with delivery platforms like Talabat, saw revenue grow 2.5 times. The company focuses on cost optimization and sustainability, with over 85% of its taxi and limousine fleet now hybrid or electric vehicles.

The document is a review report and condensed interim financial information for Dubai Taxi Company P.J.S.C. covering the nine-month period ending on September 30, 2024.

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on Wednesday, November 6, 2024, at 3:00 pm at the company's headquarters. The meeting reached a quorum, and the board addressed and approved the financial statements for the third quarter of the fiscal year 2024, along with other operational and internal matters. The communication is signed by Vicken Khochafian, the Board Secretary and Governance Director, and a copy was sent to the Securities and Commodities Authority.