Binaa Al Bahrain aims to create expansive mixed-use projects
ABU DHABI, UAE – Chairman of Eagle Hills International Mohamed Alabbar has said that US$4 billion joint venture Binaa Al...Business Economy
Alphabet Q1 profit slips
Shares sank nearly 5 percent to $2,257 on the news.Alphabet reported net income of $16.4 billion in the first quarter of the current year
Its revenue climbed 23 percent to $68 billion compared to the same period last year
Dubai Chamber adds 10,000 new companies as members in Q1
More than 10,000 companies joined Dubai Chamber of Commerce as members during the first quarter of 2022, marking a 64...Member exports and re-exports saw 11.3 percent growth over the same period last year, while their value reached AED 61 billion.
The number of certificates of origin issued by the Chamber during the first quarter of this year amounted to 178,654 certificates, a growth of 7.1 percent from 2021.
Jordan and UAE groups join hands to develop beach project
Jordan Free and Development Zones Group Director Arwa Hiyari said the beach project is aimed at diversifying tourism.The project features a tourism camp housing restaurants, swimming pools and top-notch chalets of different sizes.
The project will also provide new services for Dead Sea visitors and create job opportunities, an official said.
Dubai real estate market records highest single-quarter deals since 2010
Dubai real estate market recorded the highest number of transactions since 2010 registered in a single quarter and the highest...Q1 2022 recorded a total of 20,539 sales transactions worth AED 55.51 billion ($15.11 billion).
The quarter had the highest number of rental contracts ever recorded in a single quarter and it had a total of 160,530 rental contracts.
Aldar acquires stake in AD Business Hub
The UAE-based Aldar Investment is the subsidiary of Aldar Properties.The acquisition marks the creation of Aldar Logistics, the company's new logistics real estate vertical.
Aldar Logistics will focus primarily on the UAE, potentially expanding into Saudi Arabia and Egypt, said an Aldar press release on Tuesday.
e& Q1 net profit $653m
Its consolidated revenues rose 0.8 percent to AED13.3 billion.At constant exchange rates, revenue rose 3.5 percent and EBITDA was up 2.8 percent year-over-year
The number of Etisalat UAE subscribers reached 13.1 million in Q1 2022
Alwaleed blinks as Musk buys Twitter
Prince Alwaleed is one of the wealthiest businessmen in the Middle East, but Elon Musk is the richest person in...Last week, KHC Chairman and Twitter shareholder Prince Alwaleed rejected Elon Musk's bid to acquire Twitter Inc for $54.20 per share
Alwaleed had stated that the deal proposed by Musk did not ‘come close to the intrinsic value’ of the popular social media platform
UAE’s first waste-to-energy plant set be commissioned
The 30 MW plant will displace almost 450,000 tonnes of CO2 emissions a year and preserve the equivalent of 45...The 30 MW plant will displace almost 450,000 tonnes of CO2 emissions a year and preserve the equivalent of 45 million m3 of natural gas
BEEAH and Masdar have begun exploring opportunities for the Emirates Waste to Energy company to open similar plants across the UAE and the wider region
Indian PM meets UAE business delegation on visit to Kashmir
Modi said a total of $4.97 billion private investment is on its way to Jammu and Kashmir.Modi said a total of $4.97 billion private investment is on its way to Jammu and Kashmir
In August 2019, New Delhi revoked Article 370 of India’s constitution that lent the then state its autonomous status within the Indian Union
Arab Brazilian Chamber, FUNAG sign cooperation MoU
The agreement is expected to reinforce the ABCC’s operations in the cultural area and allow for it to get closer...The cooperation agreement apparently provides for a collaboration in research, studies, and academic activities in areas of common interest
These include bilateral relations and diplomatic history, trade, investment, science, technology and innovation, sustainable development, and energy
