ADIB 2023 net profit $1.4bn
The bank achieved a Return on Equity of 27.1 percent.Company News Business Banking & Finance
Saudi to make US$32bn in income from recycling by 2035
Saudi Arabia is expected to generate an annual income of $32 billion from recycling waste by 2035, according to the...Mansour Al-Mushaiti said the forecast is based on estimates made by the National Center for Waste Management
He also flagged up the move to zero carbon neutrality by 2060, as well as seeing 94 percent of waste recycled by 2035 instead of being taken to landfills
UAE eyes jobs via crypto, metaverse investments
According to a PWC estimate, the MENA region's blockchain market would reach $3.2 billion by 2024, and the UAE is...Blockchain market is expected to reach $3.2 billion in the MENA region by 2024, according to a PWC estimate
UAE has attracted many crypto trading platforms, tempting investors with its regulatory system and promises of security improvements
Abu Dhabi launches healthcare grant to help research, innovation
The Department of Health – Abu Dhabi (DoH) launched the first edition of the Healthcare Research and Innovation Grant, a...The grant seeks to fuel healthy competition across the healthcare ecosystem in the emirate.
It seeks to help start unique research projects and innovative products, technologies and services in Abu Dhabi’s healthcare facilities.
Emirates SkyCargo, United Cargo sign MoU
The two airlines will work on expanding cargo interline options.United will have access to SkyCargo’s high frequency distribution network through the belly-hold of passenger flights to over 100 global destinations and 11 freighters.
Emirates SkyCargo will have access to over 200 cities in the US and 300 cities across five continents through United Cargo.
Two-day inaugural RAK Energy Summit to begin on Oct 4
The inaugural RAK Energy Summit, to be held on October 4-5, will feature experts from the energy sector in the...The summit will feature experts from the energy sector in the UAE and globally.
The experts will discuss the challenges the world faces as it moves to cut carbon emissions.
Dubai real estate market performance in Aug best in decade
A total of 9,720 real estate sales worth $6.62 billion were recorded during the month, an increase of 69.57 percent...The top areas searched for sales in August were Dubai Marina, Downtown Dubai, Business Bay, Palm Jumeirah, Jumeirah Village Circle, and Jumeirah Lake Towers.
Most searched areas for villa/townhouse sale were Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, DAMAC Hills (Akoya by DAMAC), Mohamed bin Rashid City and Dubai Land.
Large turnout of visitors at WETEX, Dubai Solar Show
The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) saw a large turnout of visitors in...A total of 1,750 companies from 55 countries worldwide participated in the exhibition.
Latest global solutions, technologies, innovations in energy, water, sustainability, renewable and clean energy were highlighted in the event.
India to host MotoGP for first time in 2023: organisers
India represents a key market to expand the sport, organizers said, citing a population of 1.4 billion people and more...The race is scheduled to take place at Buddh International Circuit in Uttar Pradesh, to the south of New Delhi
The track has already played host to Formula One, staging three F1 grands prix between 2011 and 2013
Qatar launches Tatween platform for job localization in private sector
Qatar has launched a forum, Tatween Platform, on job localization in the private sector, with the participation of representatives of...Services, tourism and hospitality, IT technology, finance, health and education, finance, health and education are some of the sectors involved.
Tawteen platform provides a space and a dialogue platform for actors to exchange ideas and best practices in the field of job localization, labor minister Dr. Ali bin Saeed said.
ACWA’s investments surge
The Saudi utility now boasts of $67bn investment portfolio.The company, which builds power and desalinated water plants, currently has 60 percent of its projects in progress and 40 percent in development stages
According to its CFO, Abdulhameed Al-Muhaidib, it has invested $10 billion in the UAE renewable energy, water desalination, and clean gas projects,
