Number of millionaires in BRICS likely to rise by 85 percent in 10 years, says report
DUBAI, UAE - The total investable wealth currently held in the BRICS bloc amounts to US$45 trillion and its millionaire...Business Economy
Abu Dhabi records real estate deals worth $1.36 billion in Jan
Abu Dhabi, UAE -- Real estate transactions in the Emirate of Abu Dhabi amounted to over AED 5 billion ($1.36...Business
Global H1 air cargo demand up 2.2 percent over pre-Covid levels
Global air cargo demand rose by 2.2 percent in H1 2022 as compared to pre-COVID levels (H1 2019), according to...IATA figures indicate a healthy and stable performance across global air cargo markets showing.
Global demand sunk by 6.4 percent compared to June 2021 levels (-6.6 percent for international operations).
dnata extends partnership with GOL Airlines in Brazil
The travel services provider’s latest contract win cements its position as the leading ground services provider in Brazil.The travel services provider’s latest contract win cements its position as the leading ground services provider in Brazil
The company offers ground handling, cargo, travel, catering and retail services in 37 countries across six continents
ADNOC Drilling gains 2 contracts
The company will hire eight jack-up offshore rigs.The contracts, valued at $1.5 billion (AED 5.6 billion) and $1.9 billion (AED 7 billion), awarded by ADNOC Offshore.
These will support the expansion of ADNOC’s crude oil production capacity to 5 million barrels per day by 2030 and enable gas self-sufficiency for the UAE.
Embraer Q2 profit at $74.2m
It returned to profit in Q2 after posting a loss in first quarterBrazilian plane-maker Embraer returned to profit in the second quarter after posting a loss in the first
The result was down 16 percent from the $87.9 million net profit it posted for the April-June period last year
ING Q2 profit down 20%
The bank's profits have been hit by Turkey's soaring inflation.ING booked a profit of 1.18 billion euros ($1.2 billion) in the three-month period ending in June.
ING's net profit took 277-million-euro hit from Turkey's hyper-inflation, which is around 80 percent.
Amanat Holdings profit up 7%
The company posted H1 income of $26.33m.This income is on an adjusted basis, excluding the prior year's gain on sale and trading results from divested entities.
In H1 2022, Amanat's healthcare platform continued to record strong year-on-year growth.
Ethiopian delegation visits Dubai to explore digital services
An Ethiopian delegation of 10 members, comprising decision-makers from the public and private sector, visited Dubai Chambers between July 25-...The delegates sought to review Dubai’s success in digital services, and discuss creating potential business partnerships
The visit included signing deals supporting the Digital Ethiopia 2025 strategy, and exchanging knowledge and expertise.
DAE posts H1 profit of $140.1m
Its profit increased 186 percent in first six months of 2022Dubai Aerospace Enterprise reports 186% growth in profit in the first six months of 2022
DAE says cash flows from operating activities increased by 36 percent to $678.5 million.
UAE citizens’ housing gets help of over $6.8bn in 2022
The UAE’s citizens' housing segment in 2022 achieved significant regulatory progress and received massive financial allocation for federal, local plans...The UAE’s citizens' housing segment in 2022 achieved significant progress and got massive financial aid for federal and local plans
On May 9, the Cabinet adopted a federal housing loan policy to provide loans via partnerships with private sector and national banks.
Aramco, SABIC receive world’s first blue hydrogen, ammonia certification
Saudi oil giant Aramco and SABIC Agro-Nutrients Company have obtained the world's first independent certifications recognizing the production of blue...TUV Rheinland, a system testing, inspection and certification services provider based in Germany, awarded these certifications to SABIC Agri-Nutrients Company in Jubail.
SASREF, a wholly owned subsidiary of Saudi Aramco, produced 8,075 tons of blue hydrogen.
