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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.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.
  • Borsa Istanbul to provide consultancy services to Abu Dhabi Securities Exchange

    The MoU is the latest in a series of strategic partnership agreements signed by ADX as part of its strategy...

    The agreement was signed during the visit of the President Recep Tayyip Erdoğan of Turkey, to the UAE on Feb 15.

    Borsa Istanbul will also provide consultancy service to ADX in the establishment of systems, integration, updating the platform.

  • DMCC to collaborate with C3 to initiate Impact Scale-Up program in Dubai

    C3 is a UAE-based social enterprise empowering impact-driven entrepreneurs across the Middle East, Africa and Turkey.

    The comprehensive training and networking program will provide a proven blueprint to successfully enter the UAE market, and connect with local and regional investors.

    DMCC will offer a total of 20 "Impact" business licences to successful firms, providing them with substantial savings on business setup costs through 70 percent discount.

  • UAE and Turkey to cooperate in agriculture, rural development

    The pact is in line with the UAE’s leadership to enhance international cooperation and exchange of successful experiences.

    Areas of cooperation include agricultural pest control and plant protection, organic agriculture, technology-based agricultural production, food safety, food production.

    The two countries will also collaborate in the promotion of joint agricultural ventures between their private sectors, and development of specialized agricultural zones.

  • MAWANI signs pact with Bahri to build logistics park

    The Saudi Ports Authority (MAWANI) signed an agreement with shipping giant Bahri to build and operate an integrated logistics park...

    Once built, Bahri will manage operations at the state-of-the-art facility for a duration of 20 years.

    The 95436m2 logistics zone will provide storage and handling services for all types of inbound and outbound shipping containers.

  • Dubai International Financial Centre records best performance in 17 years

    Dubai International Financial Centre (DIFC) has reported its best annual performance to date, recording its highest ever annual revenue and...

    The Centre said it achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021.

    Revenue increased by 16 per cent to AED897 million year-on-year versus AED774 million in 2020, and up by 7 per cent from AED838 million in 2019 (pre-pandemic levels).

  • Pandemic turns business models upside down, says Fjord Trends report

    Nearly two years of disruption to the fabric of society due to global pandemic has resulted in a collective shift...

    The rising individualism underlined by a “me over we” mentality has profound implications for organizations in how they lead their employees.

    The metaverse will be a new frontier of the internet, combining all the existing layers of information, interfaces, and spaces with which people interact.

  • UAE industrial exports surge to $32.6bn in 2021: Ministry of Industry

    According to the 2021 annual report released by the Ministry of Industry and Advanced Technology, the rise in exports coincided...

    Also, the National In-Country Value has succeeded in circulating AED41.4 billion ($11.5 billion) back into the local market.

    UAE rose five places—from 35 to 30-- in the Competitive Industrial Performance Index issued annually by the United Nations Industrial Development Organization.

  • Abu Dhabi International Airport receives 5.26m passengers in 2021

    Abu Dhabi International Airport has welcomed 5.26 million visitors in 2021 thanks to a fourth-quarter surge that saw 2.43 million,...

    The airport recorded 74,176 flights during the year compared to 61,034 in 2020, an increase of 21.5 percent.

    Abu Dhabi International's network also expanded significantly during 2021, with 103 destinations now being served compared to 75 destinations in 2020.

  • UAE, Philippines ink deal to bolster trade ties

    The UAE is already the Philippines’ biggest export partner in the Middle East.

    The UAE and the Philippines are said to be headed towards unprecedented economic relations

    The two countries have concluded negotiations for the Investment Promotion and Protection Agreement

  • Facebook co-workers now ‘Metamates’ as image evolves

    Zuckerberg shared his note to employees on his Facebook page, the revamped credo coming on the heels of the internet...

    Zuckerberg shared his note to employees on his Facebook page, the revamped credo coming on the heels of the internet giant being renamed Meta in October

    "As we build the next chapter of our company as Meta, we just updated the values that guide our work," Zuckerberg wrote