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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.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.
  • Emirates SkyCargo and Emirates Post Group to promote e-commerce global platform

    Emirates SkyCargo and Emirates Post Group (EPG) have signed a Memorandum of Understanding (MoU) to develop an e-commerce end-to-end global...

    The platform will focused on serving markets in the Middle East, Africa and West Asia.

    In October 2019 the Emirates SkyCargo launched Emirates Delivers, an international e-commerce shipping solution

  • France looks to expand its presence in UAE agri-food sector

    France is negotiating an agreement with the United Arab Emirates (UAE) that would allow French Small and Medium-sized Enterprises (SMEs)...

    "We are negotiating [with the UAE] an agreement on food safety that will strengthen the presence of our SMEs in the agri-food sector"

    These agreements "will help to develop our SMEs' exports to the UAE and [increasing] the establishment of our start-ups in the country"

  • Etihad bags maintenance contract

    The contract involves Virgin Australia's Boeing 737 fleet.

    The contract was signed during the Dubai Airshow for 30 nose-to-tail aircraft of Virgin Australia.

    Etihad Engineering’s facility is located in Abu Dhabi and is spread over an area of 500,000 sqm.

  • Costly delays to Boeing’s 777X rile Emirates

    Delays to the certification of Boeing's 777X long-haul aircraft are costing billions and infuriating top customer Emirates, but the US...

    While still in its testing phase, the world's largest passenger jet flew for the first time outside the United States this week at a major air show in the United Arab Emirates

    It is no coincidence that its first international flight was to Dubai, home to aviation giant Emirates which has ordered 115 of the aircraft

  • Tarjama sells stake to French firm

    French fund manager Amethis has bought a minority stake in the UAE-based firm.

    The investment, for an undisclosed amount, will fund growth “across the region's main markets”

    Paris-based Amethis is investing through its Amethis MENA Fund II, which raised $101 million in July

  • High packages may help GCC in talent hunt

    Global employment, which was severely affected by the pandemic, is beginning to rebound as economies reopen. The UAE, which was...

    There is a growing competition for the local talent also, necessitating re-evaluation of salary packages.

    Working from home is here to stay, and many candidates are increasingly asking about this flexibility.

  • Dubai Free Port: A super vault for VIP travellers, HNWIs

    The super vault presents a variety of top custody and security services. It features automatic robot-driven, safe-deposit boxes, medium and...

    Mohammed Bin Rashid Aerospace Hub commissioned Athena Security to develop the project on 17,000 square-metre plots adjacent to the VIP Terminal in Dubai South

    Athena partnered with Leading Swiss Premium Vault to lend its expertise in quality, security and compliance to the project.

  • OXAGON, largest floating industrial complex in the world, launched in Saudi Arabia

    The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers.

    The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers

    OXAGON will establish the world’s first fully integrated port and supply chain ecosystem for NEOM

  • Emirates Islamic lists US$500m sukuk

    The five years’ benchmark issuance, rated A+ by Fitch Ratings, was priced at 2.082%.

    The issuance will further support Emirates Islamic’s business expansion plans

    The listing strengthens Dubai capital market's status amongst the leading Sukuk listing venues globally

  • Dubai launches five-year multi-entry visa for MNCs

    The visa will enable MNC employees to participate in events, conferences, training courses, exhibitions and similar activities hosted in the...

    The visa allows them to stay in the UAE for 90 days, with the option of extending their stay for another 90 days.

    Between January and September 2021, Dubai received around 3.85 million international visitors.