Emaar Malls net profit leaps to $169m in H1
The owner of Dubai Mall attributes 80 percent jump in net to recovery in retail sector.Mall operator reports higher visitor spends, online sales
Net profit for January to June 2021 reached 622 million dirhams ($169 million), registering an 80 percent increase
Dubai exports, re-exports to West Africa rise by 42% during H1
Nigeria was the largest West African export market for member companies, accounting for a 32 percent share of the value...Plastics accounted for 31 percent of exports, followed by electrical machinery/electronics (14 percent)
Commodities with the highest untapped potential for export and re-export include polyethylene, sugar cane and rice, trigger batteries.
ADNOC and Fertiglobe to sell blue ammonia to Idemitsu
The sale is part of UAE-Japan industrial cooperation and development of ammonia supply chains.ADNOC sold its first cargo of blue ammonia to Japan's Itochu on Aug. 3.
Sales part of UAE-Japan industrial cooperation and development of ammonia supply chains.
Investors may prefer this new Abu Dhabi license
New license for professionals to be issued by ADDED allows 100 foreign ownership of a business. ADDED also highlighted that...ADDED will also issue a form of service agent agreement to streamline the relationship between partners.
604 activities covered under the license, including accounting, training, consultancy, beauty centers.
Dubai airport to host a million travelers
More than a million passengers are expected to arrive at Dubai International (DXB) over the next 11 days in what...The airport says it is bracing for exceptionally busy weekends
Between August 12 and 22, average daily travelers passing through the DXB gates will peak to around 100,000
Umrah permits for double-jabbed Saudis aged 12-18
Saudi nationals aged 12-18 can obtain Umrah permits if they have received two doses of Covid-19 vaccine, the ministry of...Hajj and Umrah ministry’s announcement follows the inauguration of 2021 Umrah season.
Permits must be obtained through the Eatmarna and Tawakkalna apps.
Pact signed to measure Abu Dhabi workers’ quality of life
The aim of the cooperation is to activate the role of DCD and SCAD within a set of future programs...The agreement will help policymakers, decision-makers to support labor force in Emirati capital.
Need felt for collection of accurate statistics and data related to work environments and workers’ quality of life.
Riyadh leads Q2 Saudi Arabia residential market boom
Latest review by global property consultant Knight Frank says apartment values in Saudi capital grew by 7.6 percent year on...Latest review by global property consultant Knight Frank says apartment values in Saudi capital grew by 7.6 percent year on year.
Riyadh and Jeddah likely to witness a 25 percent and 36 percent increase in total office supply in the next three years.
ADNIC H1 net up 31.1 percent to $67m
Gross written premiums for the H1 of 2021 rise by 4.2 percent to AED 2.67 billion.Gross written premiums for the first half of 2021 increase by 4.2 percent to AED 2.67 billion.
ADNIC’s net investment and other income increased by 58.3 percent to AED87.3 million for the six-month period.
Drug firms urged to seek UAE advance nod for products
This will allow health authorities a pre-study of the file to issue the marketing approval in the UAE for innovative...Factories in UAE can start manufacturing procedures and apply for marketing approval for similar products
Local manufacturers can market their products in the UAE soon after expiry of the protection period for innovative products
SAIB reports $139 million Q1 net profit
its assets increased by 20.08 percent to $43.65bn.
Nissan forecasts $5.3bn annual net loss
Last year, it announced 9,000 job cuts worldwide.
Saudia to acquire 20 wide-body aircraft
10 of these being acquired for its flydaeal low-cost airline
ADIB’s Q1 net profit $517 million
Q1 2025 net profit before tax increased 18% YoY.
Emirates Islamic Q1 profit $394m
The bank's profit crossed AED 1bn mark for the first time.
