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SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

  • Agthia to pay $17.8m in H1 dividend

    The Abu Dhabi-listed company will pay AED 65.31 million cash dividend.

    The company’s total revenues grew 21 percent year-on-year to 1.32 billion dirhams in the first six months of 2021.

    The dividend marks the first interim pay-out of the firm.

  • Expectations rise for Expo 2020 gains to materialize

    A study published said projections for 2019 indicated investments that would generate long-term returns of up to $33.3 billion.

    The mega event is expected to create 905,200 job opportunities.

    A survey ahead of Expo 2020 by the Dubai Chamber of Commerce and Industry maintains Dubai’s economy was recovering.

  • Expo 2020: Cisco operating next generation IT network

    The company, the Expo's 2020 official partner, is ready to greet visitors and provide them with the most up-to-date digital...

    The company, the Expo's 2020 official Digital Network Partner, is ready to greet visitors and provide them with the most up-to-date digital solutions

    It will deploy 20,000 secure endpoints across the site to deliver industry leading connectivity

  • Qatar Airways gets $3bn govt assistance after huge loss

    The airline reported an overall loss of $4.1 billion for the year to March 31, double the figure for the...

    The Gulf-based carrier recently reported an underlying operating loss of $228.3 million

    Qatar Airways is the second largest airline in the Middle East after Dubai-based Emirates

  • MidChains finishes first trades of assets

    Abu Dhabi-based virtual asset trading platform has traded in Bitcoin, Ethereum, Litecoin, etc.

    MidChains has confirmed trades across Bitcoin, Ethereum, Litecoin and Bitcoin Cash and is the first regulated platform in the UAE to have conducted trades across all these virtual

    MidChains is the first and only fully-regulated virtual asset trading platform to receive sovereign wealth fund backing in the region

  • Abu Dhabi, Pakistan discuss boosting business ties

    The chamber is ready to offer all the services required to help Pakistani businesses and entrepreneurs in Abu Dhabi.

    Mohamed Helal Al Mheiri, Director-General of Abu Dhabi Chamber of Commerce and Industry, represented the emirate

    Afzaal Mahmood, Pakistan's Ambassador to the UAE, represented his country at the discussion

  • Dubai ups housing loan limit for UAE citizens to $272,000

    The ruler of Dubai, and vice president and prime minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al...

    The government is also set to allocate thousands of plots of land and housing for Emiratis at a cost of 5.2 billion dirhams

    “Today, we approved raising the value of the housing loan for citizens in Dubai to one million dirhams,” Sheikh Mohammed tweeted

  • Turkish discovery of gas in Black Sea to raise EU production capacity by 25%

    Following the discovery of gas by Turkey in the Black Sea, the European Union's gas production capacity is likely to...

    The natural gas field will provide nearly a third of Turkey’s domestic needs by 2027

    The initial production from the new field will be 3.5 billion cubic meters of gas annually starting from 2023

  • Dubai Customs clears AED948m worth of goods to be exhibited at EXPO

    Days before the EXPO2020 kicks off, Dubai Customs has cleared goods worth AED948 million that will be exhibited at the...

    Exhibitors to obtain permits and licenses can use Dubai Trade Portal

    Countries participating in EXPO 2020 are exempted of registration fees, and exhibitors’ documents will have unique codes for preferential and speedy clearance

  • Dubai Chamber initiative focuses on West Africa

    The initiative, called Why Africa, will also look at the region’s key economic indicators and competitive advantages.

    The initiative, called Why Africa, comprises in-depth analyses conducted by Dubai Chamber

    It is based on recent data from UNCTAD, up-to-date insights for prospective investors, and recent trade trends