Abu Dhabi QCC drives emirate’s infrastructure development in 2022: Report
Abu Dhabi, UAE - Abu Dhabi Quality and Conformity Council (QCC) has made strides in developing the quality infrastructure of...
Business
Abu Dhabi sees 40 percent drop in labor dispute cases
ABU DHABI, UAE - Labor disputes in Abu Dhabi plunged by 40 percent in 2022 compared to the same period...
Business
Equinor partners with Algeria’s Sonatrach for oil, gas exploration
*MoU includes possible cooperation in greenhouse gas emissions, carbon management *Equinor involved in the development and production of two gas...
Eazy, Discover partner to expand card acceptance
Discover and Diners Club International and network alliance cardholders can use cards at all ATMs in Bahrain Eazy Financial's upcoming...
Birla Carbon to raise rates in Europe, Middle East markets
Hike to compensate additional costs in freight, logistics The company plans more measures to address CO2 emission costs Birla Carbon,...
SMEs in Dubai will be encouraged to bid for govt tenders
*Dubai finance ministry and Dubai SME sign MoU * SME owners will be encouraged to register in the ministry's Federal...
UAE minister continues visits aimed at cutting carbon footprint
*Visits also aimed at highlighting examples of successful ventures * EGA has invested $1 billion in environmental technologies since 2010...
Work in full swing on $206m Bahrain wastewater plant
The project is being implemented by a consortium Once completed, it will have daily flow capacity of 400k cu m...
UNESCO, World Bank partner to enable cultural, creative activities in cities
The creative economy is one of the fastest-growing sectors of the world economy Cultural, creative industries contribute annual global revenues...
IMF moots coverage of climate change in assessment reports
Action on climate change forms a part of the IMF’s 2021 Comprehensive Surveillance Review A few Directors underline need to...
Double Taxation Agreement between UAE, Jamaica
The agreement will foster cooperation between the tax authorities in the UAE and Jamaica Objectives of the bilateral tax agreement...
Amlak posts Q1 net profit of AED 6 million
Revenues from all business activities stand at Dh62 million Rental income stands at Dh7 million Total assets stand at Dh...
Abu Dhabi QCC drives emirate’s infrastructure development in 2022: Report
Abu Dhabi, UAE - Abu Dhabi Quality and Conformity Council (QCC) has made strides in developing the quality infrastructure of...
Business
Company News
Latest News
Halwani Bros’ profit falls by 65%
The profit fell to $5m in HI due to rising cost of raw materials.
Business
World Green Economy Summit in Dubai supports UAE COP28
Since its launch in 2014, the WGES has succeeded in galvanising global efforts to promote the shift towards a green...
Economy
Saudi Arabia’s Kingdom Holding to invest $3.4bn in next 3 years
The company completed its earlier investment program during the period between the second quarter of 2020 and Q2 2022.
Business
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Business
Sharjah unveils ‘Holiday Homes Project’ to boost economy
The first phase of the project includes organizing field visits and inspection campaigns, as well as electronic or digital follow-up...
- SCTDA has mandated that the residential units be rented out on a rotational basis, regularly.
- The project will also empower prospective users with a new source of income recognized by the Government of Sharjah
Business
GIG H1 net profit $48.9 million
Improvement in underwriting and investment push profits up.
- The company said the rise in net profit was due to the improvement in the Group’s underwriting and investment performance compared to the same period last year.
- The total assets for the first half of the current year reached KD 1.34 billion, compared to KD 0.8 billion, an increase of 67.3 percent.
Economy
In Dubai 305m riders use public transport in H1 2022
Dubai’s Roads and Transport Authority (RTA) announced that the number of riders using public transport and shared mobility clocked nearly...
- The number of riders using public transport was 36 percent for Dubai Metro and 29 percent for taxis
- March 2022 was the busiest of all months recording 62 million riders