CBD posts record net profit of $721m
The bank has proposed record cash dividend of 44.38 fils per share.Company News Business
IHC of Abu Dhabi acquires 51 percent of Bin Suhail Group to form beauty joint venture
International Holding Company (IHC), Abu Dhabi conglomerate, has agreed to acquire 51% of Bin Suhail Group through a subsidiary to...IHC subsidiary Multiply Group, owner of beauty brands such as Bedashing, will merge with Bin Suhail Group
The joint venture will operate under newly-established Omorfia Group, in which IHC will own a controlling 51% stake
World’s first Warner Bros. hotel to welcome guests in November on Yas Island
Miral in collaboration with Warner Bros. announced today that The WB Abu Dhabi hotel on Yas Island, operated by Hilton...Visitors can stroll through the lobby or admire 360-degree city and sea views alongside their favorite props and costumes from Warner Bros. films and TV shows
And kids and families can ring up one of their favorite Looney Tunes characters for a room service treat brought to them by the Wascally Wabbit, Bugs Bunny himself
Air traffic in UAE leaps up 24.5% in September as thousands flock to Expo 2020
The General Civil Aviation Authority (GCAA) has announced that the average aviation activity in the country rose from 1,238 flights...Saif Mohammed Al Suwaidi, Director General, said that the aviation activity in the UAE witnessed a significant increase prior to the Expo 2020 Dubai
The GCAA's report also showed the country’s national carriers travel to 108 countries, benefitting from the logistical services provided by ten registered airports
$2bn Arada project in new phase
Arada has launched the second residential phase of Masaar.The new phase is called Kaya and is located within the Al Suyoh district of Sharjah
The new phase is said to containing 421 townhouses and villas
Oman’s pavilion draws visitors eager to learn about investment in the country
More than a hundred thousand people paid visit to Oman’s pavilion in the first nine days of Expo 2020, according...Over 12,400 people visited the pavilion daily, a figure considered "an excellent indicator" during the first week of the mega event
People were briefed about the country’s investment opportunities and were shown displays of modern technologies and sound management
Post merger, Emaar Properties and Emaar Malls form a single company
Shareholders of Emaar Properties have approved the merger of the company with Emaar Malls, according a bourse filing.Shareholders also approved during the General Assembly on Sunday the proposal to increase Emaar Properties’ share capital to $2.2 billion
Emaar Malls’ net profit reached 622 million dirhams during the first six months of 2021, up by 80 percent from 345 million dirhams during the same period in 2020
In just 10 days of Expo 2020 organizers record more than 400,000 visits
It has been ten days since the Expo 2020 was kicked off in a grand celebration, and so far 411,768...The visitors belonged to 175 nationalities and not far off the 192 countries participating in the event
Visitors to the global event could choose from multiple ticket options including Multi-Day and Season Passes
Now an ad from the lowest place on the Earth
The new ad posted on the Twitter handle of the Israeli Pavilion at Expo 2020 Dubai has been videographed in...New ad of Israeli Pavilion at Expo 2020 has been shot in the middle of The Dead Sea
It is an imitation of the Emirates’ ad from the top of 828-metre-high Burj Khalifa
DEWA, Ireland explore digital technology cooperation
DEWA CEO Saeed Mohammed Al Tayer and Ireland’s Minister of State for Trade Promotion, Digital and Company Regulation at the...This was part of the Irish commercial delegation visit to the Water, Energy, Technology, and Environment Exhibition (WETEX)
The two parties discussed enhancing cooperation, exchange of experience between DEWA and Irish companies
$1.3bn UAE-Mexico non-oil trade in 2020 shows strong trade ties: Minister
The non-oil trade between the UAE and Mexico totaling $1.3 billion in 2020 demonstrates a strong partnership between the two...Both countries agree on new plans to reinforce economic cooperation.
UAE Minister of State for Foreign Al Zeyoudi holds a meeting with Martha Delgado Peralta, Deputy Secretary at Mexico's Ministry of Foreign Affairs.
