Dubai food and beverage sector stirs up with investment of US$577m
Dubai, UAE-- The food and beverage sector in Dubai has attracted new FDI worth $577 million from 2019 to 2023,...Business
Crypto crimes rise in GCC amid digital currency boom
The GCC is at a critical juncture, facing the dual challenge of embracing blockchain innovation while combating crypto crime, says...Business Banking & Finance
FDIs in the UAE grew 116% from 2012 to 2021
According to a report by the UAE's Ministry of Economy, during the past decade from 2012 to 2021, FDIs in...FDI in the UAE witnessed significant growth, from $9.5billion in 2012 to $20.6 billion in 2021
The UAE was ranked 19th globally in the list of top 20 countries that attract FDIs
Dubai’s weeklong real estate transactions total $1.4bn
In Dubai, the real estate and properties transactions valued at $1.4 billion in total during the week ending 05 August...In Dubai, 255 plots were sold for $337 million, 1,510 apartments and villas for $759 million
During the week, the total number of transactions was 2,247
Saudi ministry signs smart transportation MoU with Alstom
Saudi Arabia’s Ministry of Investment has signed a memorandum of understanding with Alstom, which specializes in the sustainable and smart...The MoU aimed exploring investment opportunities in the transport sector and localize the manufacture and maintenance of trains.
The MoU also entails Alstom to establish its regional headquarters in the kingdom.
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.
