The company's net profit was $66m in Q1 2024
Boeing had pushed back the first delivery to 2026 from 2025.
Dubai, UAE -- The Central Bank of the UAE (CBUAE) issued a new banknote of AED1000 denomination and made of...The new banknote will be available at banks and exchange houses from 10 April 2023.
It will be in circulation alongside the current AED1000 note whose value is guaranteed by the UAE law.
"It makes a lot of sense for us, as the Chinese market keeps growing, to be serving local for the...The framework accord for the new site was later signed by Faury at a ceremony attended by Macron and Chinese President Xi Jinping, an AFP journalist saw.
The new assembly line in Tianjin for Airbus’s hugely popular A320 medium-haul jets will begin operations in late 2025.
- Dubai, UAE – UAE’s Ministry of Finance has announced a decision on Small Business Relief (SBR), which is aimed at...
The decision is also aimed at supporting other small or micro businesses by reducing their corporate tax burden and compliance costs.
The Relief will not be available once a taxable person exceeds the AED3 million revenue threshold in any tax period.
Shareholders of both banks had no say in the mega-merger, which was engineered by the Swiss government, the central bank...UBS chairman told the bank's annual general meeting in Basel that although the $3.25-billion takeover was sprung upon them, it would offer overall stability
Colm Kelleher said the deal was expected to close within a few months and would preserve the critical financial sector as a pillar of Swiss national prosperity
- Abu Dhabi, UAE--Abu Dhabi Future Energy Company (Masdar) announced today it has achieved financial close on three solar photovoltaic (PV)...
The company will begin construction on the plants at once, which will have a combined capacity of around 900 megawatts
Under the ETAF initiative, a climate finance paltform, Masdar and AIIB have committed capital to the Uzbekistan projects
Doha, Qatar - QatarEnergy has agreed to hold a 25 percent share in the Gas Growth Integrated Project (GGIP) -...The consortium will be composed of Basra Oil Company (30 percent), TotalEnergies (45 percent), and QatarEnergy (25 percent)
Signed in September 2021, the key strategic project involves investing nearly $10 billion to design and construct facilities
Dubai, UAE-- The total spending by UAE-based organisations on outsourcing services from local and offshore providers was estimated at over...The total spending by UAE-based organizations on outsourcing was around $4.8bn in 2018 and is expected to reach $6.8bn in 2023, a report said
It highlighted the UAE's initiative to diversify its economy toward economic development, cutting-edge innovation, digital transformation, and security
Dubai, UAE - National Bonds, the UAE’s Shari’a-compliant savings and investment company, saw another strong year soaring to an investment...The strong growth in 2022 was attributed to several pioneering ideas and solutions, such as the Golden Pension Plan, Global Savings Club, and Sukuk Al Waqf
The Golden Pension Plan leverages the financial solutions provided by National Bonds to residents, to meet the demand from both employers and employees
- Tripoli's mushrooming arcades have driven rapid growth in Libya's nascent gaming community, Mattouss says. The increasingly organized community is "motivating...
Unlike in other Arab states, "the gaming community was completely dead here" until recently, says Sofiane Mattouss, who runs the business set up in 2022
Gaming industry experts say the Middle East and North Africa are high-growth regions, with Saudi Arabia, the UAE and Egypt among the largest markets
- DUBAI, UAE - UAE Ministry of Human Resources and Emiratization (MoHRE) announced that the Unemployment Insurance Scheme has exceeded one...
The Unemployment Insurance Scheme covers employees in the federal government sector and the private sector.
The scheme provides low-cost job security net that supports the career path and living stability of employees in the UAE.
