The property giant attributes loss to falling sales and shrinking profit.
The company had posted $19bn in property sales for 2024.
DUBAI, UAE - The Emirates Health Services (EHS) will showcase its 19 innovative healthcare projects during Arab Health Exhibition 2023,...Arab Health Exhibition is one of the largest forums that hosts major corporations, authorities and companies from all over the world.
The forum provides an opportunity to achieve the goals of national strategies and projects that seek to turn the UAE into a global hub for health care.
The bank will pay 6 fils in cash and 6% in bonus shares.The total consolidated assets of Boubyan Bank Group increased to KD 7.9 billion at a growth rate of 7 percent.
The bank said the total of customers’ deposits grew by 6 percent to reach KD 6 billion, while the financing portfolio grew by 7 percent to reach KD 5.9 billion.
At G20's first Health Working Group meeting in India, UAE affirmed its commitment to play an active role in addressing...One of the prominent successes of Nafis program has been the inclusion of local students in health sector cadre development.
A UAE delegation attended G20's first health working group session held in India from January 18 -20.
Dubai, UAE - UAE's Federal Tax Authority (FTA) started the ‘Tax Support’ initiative to raise tax awareness among UAE’s business...The step is likely to help the businesses in enhancing compliance with tax laws and regulations.
As a result, the first workshop for 2023 under the initiative was held on 24th and 25th January in Oud Metha, Dubai.
The deal will see the state-run QatarEnergy receive a minority 30 percent stake in two blocks of Lebanon's exclusive economic...The pact greenlights Lebanon's exploration of its southern Sidon reservoir following the signing of the landmark deal last Oct demarcating its maritime borders with Israel.
Under a United States-brokered accord, Lebanon and Israel, which are officially still at war, delimited their maritime borders in October 2022.
AMMAN, JORDAN - Confirming its role as one of Jordan’s main supporters, the European Union (EU) on Sunday signed two...The first is financing a US$42 million program in support of Jordan's Ministry of Justice, Judicial Council, Judicial Institute and Public Security Directorate.
The second US$27 million contributes to the "Green Growth" program from the Food and Resilience Facility.
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) inaugurated 17 new substations in 2022. These include fifteen 132kV stations...The transmission substations include 15 132kV stations with a conversion capacity of 2,280 megavolt amperes (MVA) and two 400kV stations with a conversion capacity of 4,000 MVA.
DEWA installed 5km of 400kV overhead transmission lines and 247km of 132 kV ground cables to connect the substations to the main transmission network.
Doha, Qatar-- Qatar's Planning and Statistics Authority (PSA) and Microsoft have signed an MoU to support the digital transformation in...The MoU will enable the Authority to implement projects, disseminate data and statistics, and support sustainability in line with Qatar National Vision 2030.
Microsoft will provide PSA with full support, full access to global industry specialists, as well as support in artificial intelligence activities.
Abu Dhabi, UAE-- The Chairman of the Abu Dhabi Securities Exchange Hisham Khalid Malak expects an increase in listings on...Last year the stock exchange featured five initial public offerings and two dual listings, as well as listings for six exchange-traded funds and one blank-cheque company
The chairman said the global picture is "starting to look better than expected, with a soft landing now forecast in the United States"
The emirate saw a record-breaking rise in real estate sales in the first two weeks of 2023, with a total...The emirate saw a record-breaking rise in real estate sales in the first two weeks of 2023, with a total of AED13.22 billion transacted across 4,275 deals, data suggest
Sales of record amounts in the Dubai real estate market are indicative of the market's maturity and the maturity of its numerous real estate goods, the reports highlight
