INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

All cabs running in Dubai to be fully electric or hybrid by 2027

    • Special incentives to be given to cabbies to convert their cabs into either of the two variants

    • Dubai Roads Authority has succeeded in converting 50 percent of Dubai Taxi fleet to be fully electric or hybrid

    Setting itself the task of converting its entire fleet of cabs into fully electric or hybrid variant, Dubai Roads Authority (RTA) has succeeded in converting 50 percent of its Dubai Taxi fleet to be fully electric or hybrid, and aims to reach 100 percent by 2027, Asharq reported citing the Authority’s CEO of Strategy and Corporate Governance Sector Nasser BuShehab.

    Incentives adopted by the authority to support the spread of electric cars include exemption from parking and road fees (SALIC), as well as free annual licensing fees for hybrid and electric vehicles.

    Dubai is working in accordance with a plan that the UAE committed to under the Paris Climate Agreement to reduce carbon emissions, BuShehab told Asharq Channel.