Search Site

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.
  • EU passengers can claim compensation for delays even outside Europe

    EU travelers who book flights through a European airline can claim compensation in the event of a major delay of...

    The European Court of Justice said that the entirety of a journey that was subject to a single reservation fell under the EU's rules on flight delays.

    The court was hearing a case that involved a journey booked through German carrier Lufthansa for three passengers from Brussels to San Jose in California.

  • EGA, Ma’aden tech cooperation

    The two will explore potential collaboration in the aluminum value chain.

    The two firms will also consider cooperation in managing by-products from processes in the aluminum value chain

    EGA has developed its own aluminum smelting technology for more than 25 years.

  • DFSA regime to provide whistleblowers enhanced legal protection

    Enhanced legal protection will be provided to persons who report financial misconduct internally within the entities regulated by Dubai Financial...

    DFSA regulatory regime for whistleblowing is the first of its kind to be introduced by a financial service regulator in the UAE.

    The regime applies to all DFSA Regulated Entities operating in or from the Dubai International Financial Centre.

  • dnata to expand cargo operations into Germany by acquiring Wisskirchen

    dnata announced expansion of its European footprint through the planned acquisition of Germany-based Wisskirchen Handling Services (Wisskirchen). Subject to government...

    dnata has executed agreements with the owner of Wisskirchen, Oliver Hellwig, to acquire 100 percent of the shares in the company

    The acquisition is subject to approval by the Federal Ministry for Economic Affairs and Climate Action in Germany

  • ADDC, Abu Dhabi University join hands for energy innovations

    The Abu Dhabi Distribution Company (ADDC), a subsidiary of Abu Dhabi National Energy Company (TAQA Group), has signed a Memorandum...

    The cooperation aims to promote ties between both entities through training programs and knowledge exchange

    The agreement was signed at ADU’s main campus by Saeed Al Suwaidi, Managing Director, ADDC, and Professor Waqar Ahmad, Chancellor, ADU

  • SFDA, SBA partner to create media content on health, food

    The agreement aims to create joint media sponsorship opportunities that serve both sides and to establish specialized media publications

    The agreement aims to create joint media sponsorship opportunities that serve both sides and to establish specialized media publications

    The areas of cooperation include educating consumers on the safe use of cosmetic products, making television programs and providing visual and audio content

  • Meta virtual money moves could include ‘Zuck Bucks’: Report

    Facebook's parent company Meta is exploring the potential of digital money referred to internally as "Zuck Bucks" in a play...

    Meta abandoned its effort to create a global cryptocurrency -- first called Libra but eventually re-branded as Diem

    The founder and chief Mark Zuckerberg has spoken about the importance of e-commerce and financial tools to his vision for an immersive online world called the metaverse

  • Saudi Arabia hosts annual joint meetings of Arab financial institutions

    The meetings are taking place under the patronage of the Custodian of the Two Holy Mosques and Saudi ruler King...

    The Arab financial institutions hold these annual meetings to review the performance of each entity and the topics on its agenda

    The meetings also reportedly contribute to financing development projects in vulnerable countries

  • Samsung predicts 50% rise in Q1 profit

    The company likely to release full results on April 28.

    Analysts said the forecast was likely driven by strong smartphone sales, but warned of an expected drop in profits in the memory chip division

    The coronavirus pandemic has wreaked havoc on the world economy, but it has helped many tech companies boom

  • Employee wellbeing key to unlock productivity

    As business leaders are armed with the knowledge that hybrid working can form a part of the future, previously reluctant...

    In business, productivity is key to maximize the value organisations provide to customers, whether in increased output or commercial savings brought about by increased efficiency

    Now, finding new ways of doing business with customers is a reality for many organisations. That means the old metrics used to measure productivity may become irrelevantÂ