CBI 2023 net profit at $46.5m
The 2023 annual net profit rose 14 percent from 2022.Company News Business Banking & Finance
Passenger traffic at Sharjah airport jumps to 15.3 million in 2023
Sharjah, UAE--The number of passengers travelling through Sharjah airport reached 15.3 million in 2023, as compared to 13.1 million in...Business
MYCRANE expands to India
The Dubai firm has appointed an exclusive pan-India franchisee.The franchise partnership agreement was between MYCRANE and Sahil Freight Express Pvt Ltd was signed at Expo 2020 Dubai
The crane market in India is expected to grow strongly in the coming years due to the expansion of roads and metro railways
Moro Hub breaks ground for largest solar data center in region
The center will offer digital products and services using Fourth Industrial Revolution technologies, such as cloud services, the Internet of...The data center will be implemented by Moro Hub, a subsidiary of Digital DEWA, the digital arm of DEWA
The carbon-neutral green data center will use 100% renewable energy with a capacity exceeding 100 megawatts
Covid-19 rules shuttering Hong Kong aviation: Qatar Airways chief
Under Hong Kong's rules, if an airline brings in too many infected passengers on a particular route, it is banned...Qatar Airways CEO Akbar Al Baker took issue with a border-control rule that temporarily bans airlines that have brought in infected passengers
Last month, British Airways announced it was suspending Hong Kong flights after crew members were required to quarantine following a positive Covid-19 test among the staff
Tributes pour in as UAE businessman Majid Al Futtaim passes away
Tributes pour in as the death of the leading Emirati businessman Majid Al Futtaim was announced on Friday. Al Futtaim,...Sheikh Mohammed bin Rashid Al Maktoum hailed him as 'one of Dubai's most important' business leaders
In April 2021, Forbes’ 35th Annual World Billionaires named Majid Al Futtaim among the world's top 10 richest Arabs
Ajman Free Zone partners with AlHabbai
One of the pact's aims is easing access to residence visas.Providing more competitive features and choices for medical examinations part of the partnership.
AFZ committed to exploring and establishing partnerships with various sectors to deliver unified and efficient services to investors, said the director general.
Emirates receives its 123rd, and final, Airbus A380 superjumbo jet
Emirates today received delivery of its 123rd Airbus A380 superjumbo jet. The aircraft, registered as A6-EVS, is also the final...Emirates said it was the first airline to announce an order for the A380 at the 2000 Farnborough Air Show, when the aircraft was still marketed as the A3XX.
The aircraft received features the airline's latest cabin products including Premium Economy, said the CEO.
Aldar-ADQ grp to buy SODIC share
The Abu Dhabi based consortium will focus on identifying growth opportunities and guiding the company’s long-term strategy.The Abu Dhabi based consortium will focus on identifying growth opportunities and guiding the company’s long-term strategy
The consortium’s objective is to advance SODIC’s position as a leading national developer by scale and reputation
Saudi index shines, UAE stocks ripple
Global cues and local developments could not dampen the overall improvement.For Tuesday's eleventh consecutive trading day (December 14, 2021), the Dubai Stock Exchange index increased 0.9 percent.
A 2.3 percent loss in First Abu Dhabi Bank's share on Monday (December 13, 2021) dragged down the index by 0.4 percent.
Jordan eyes investments with ICT growth
Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan...Jordan's ICT sector generates 75 percent of the region’s Arabic internet content
Jordan offers a competitive proposition for investment in content applications and e-learning with fairly priced broadband internet tariffs
Etihad launches WorldPass for frequent travelers from UAE
Etihad Airways has announced a new travel solution aimed at corporate and frequent travelers booking from the UAE, said local...Etihad WorldPass is available for travel between the UAE and select destinations including the GCC, India, Pakistan, UK and Ireland.
WorldPass guests can have unlimited free rebooking and cancellation, and the booking portfolio can be self-serviced and self-managed.
