Air Arabia profit falls

Revenue rises despite regional cost pressures

FAB plans $4.08bn rights issue

UAE’s largest bank seeks capital for growth.

flydubai launches new flights

Riga, Salzburg, Vilnius flights begin from Dec

ADNOC Gas Q3 profit $1.34bn

Stronger earnings support higher full-year outlook

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

  • The partnership should help Qatar broaden its appeal for visitors ahead of and beyond the 2022 Fifa World Cup.

    Qatar welcomed 207,000 cruise visitors to Doha in 2019-20

    It reopened its borders on July 12 to fully-vaccinated international travelers, and is expecting tourism to pick up

  • The developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategy

    The developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategy

    Higher commissions, weekly commission pay-outs, and rigorous broker training and assistance have contributed to the surge in registrations

  • According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...

    According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs

    The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years

  • According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...

    According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs

    The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years

  • Production capacity touched 545,000 tons in the port’s free zone, where 45 countries have investments.

    The port posted a 168% increase in handling vessel-mounted mobile goods by the end of the second quarter

    However, it dealt with 2.3% fewer standard container units within the same duration

  • The company witnessed a positive shift in many business activities in the UAE in general and in Dubai in particular,...

    Contributing most to the positive results was revenues from customer contracts.

    Financing costs witness a significant decrease of 32 percent in H1 compared to the same period in 2020.

  • Al Qubaisi served as a VP at Mubadala Investment Company.

    ADES, a TAQA subsidiary, is responsible for retrofitting government and commercial buildings.

    TAQA expects the appointment shows its ambition to become a champion for low carbon power.

  • Increased international interest has been a key factor in driving residential transactions to near-record levels. Dubai’s handling of Covid-19 pandemic...

    Residential transaction volume totaled 14,426 units, a rise of 35.48 percent from Q1 2021.

    Palm Jumeirah saw the highest increase in villa rents, at 3.9 percent Q-o-Q.

  • Taking a direct hit from the Covid restrictions, BinDawood, the Saudi supermarket retailer, has reported a 50 percent dip in...

    The retail supermarket said net profit in the quarter ended June 30 was 95 million riyals ($25.33 million),

    The second quarter of last year "benefited enormously from pantry-buying in response to lockdowns"

  • Damac Properties, the Dubai-based developer, posted a net loss of $27.5 percent for the second quarter as compared to the...

    Lower quantum of revenue recognition and product mix impacted adversely

    The better performance of the company has been attributed to improvement in the property market