The company said sales leaped to $62 billion in Q3.
Its operating profit for Q4 was US$2.1bn.
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
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
Shuaa Capital, the United Arab Emirates (UAE) based company, has said that it intends to fully complete and deliver the...Shuaa Capital, which has $14 billion in assets under management, said in a statement to the Dubai Financial Market where its stock trades, that Northacre is currently focused on c
Following its merger with Abu Dhabi Financial Group (ADFG) in 2019, Shuaa Capital has expanded its real estate business
- It already has 1.3 million sq ft developed and handed over.
EZDubai was launched in January 2019 by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum
The 9,902,700 square-feet purpose-built ecommerce hub is designed to attract ecommerce companies
Noting the wide contributions of the Kuwait Fund for Arab Economic Development (KFAED) to his country, the Prime Minister of...The Kuwait Fund was financing $3.6 billion worth of projects in health, transportation, agriculture, electricity, oil, and water
Al-Ghanim will attend inauguration of Bahr Al-Baqar water treatment station
- The Kuwait Direct Investment Promotion Authority has taken steps that have led to several foreign technological firms opening offices in...
Technology is said to be a kay part of the 2035 New Kuwait vision
KDIPA is the government’s arm responsible for promotion for foreign companies
- Oman already has a roadmap ready for a green economy, one which it discussed with the UNEP earlier this month.
The meeting reviewed aspects of joint cooperation between the two countries and means of enhancing them
The two sides also touched upon means of completing the agreements that boost partnership
- The UAE's state oil giant will be listed on ADX on October 3.
ADNOC said the offering was oversubscribed 31 times, with significant demand from UAE Retail Investors and Qualified Institutional Investors.
Upon listing on the ADX, ADNOC will continue to own a majority 84 percent stake in the Company.
Under the deal, EEC transferred part of its loan to PIF in exchange for company shares.Under the deal, EEC transferred part of its loan - worth $755 million- from the Ministry of Finance to the PIF in exchange for company shares.
PIF believes that the transaction will also accelerate the development of EEC by establishing King Abdullah Economic City.
Turkey still intends to buy a second batch of S-400 missile defense systems from Russia, its president has said.The United States imposed sanctions on Turkey's Defense Industry Directorate and its chief following the acquisition of the first S-400s
Washington has repeatedly said acquisition of this second batch would almost certainly trigger new sanctions
