UAE In–Focus — Dubai’s economy drives Tecom Group’s Q2 profits up 54%; mansion sold for $15m

DUBAI:  TECOM Group recorded a 54 percent increase in its net profit in the second quarter due to the  “continued buoyancy” in the economic climate of the emirate, according to a statement issued by the Dubai Media Office.

In the three months that ended in June, profits rose to 237 million dirhams ($64.5 million), compared to 153.9 million dirhams a year earlier.