Dubai Duty Free achieves all-time record sales of over US$2.16bn in 2023
DUBAI, UAE - The New Year began on a high note for Dubai Duty Free with the announcement of an...Business Economy Tourism
UAE and Jordan discuss boosting trade and investment ties
Amman, Jordan--The UAE and Jordan discussed enhancing trade and investment relations in order to stimulate joint economic growth and create...Business
Etisalat Group and G42 partner to merge Khazna data centers
Etisalat Group and G42 have joined hands to merge their data centers, creating the UAE's largest data center provider. A...A total of 12 data centers will be combined in under the joint venture operating under Khazna Data Centres.
G42 and Etisalat Group will each own 60 percent and 40 percent of Khazna Data Centres, respectively.
Emirates Islamic net profit $218m
Higher non-funded income, reduction in the cost of risk push profits up.The total income rose 14 percent year on year and 43 percent on the same quarter in 2020 by higher non-funded income.
The customer financing stood at AED 42.4 billion, an increae of 4 percent from 2020.
Netflix subscribers numbers jump
Streaming giant's profit grew 16 percent to $7.5 billionIts profit grew 16 percent to $7.5 billion
Streaming giant ended the quarter with 214 million subscribers.
Google debuts new Pixel
Smartphone sales are dominated by Apple, SamsungSmartphone sales are dominated by Apple and Samsung
Google touted the phones as completely "reimagined" during a presentation
Emirates Integrated Telecommunications Company profit rises to AED283 million in Q3
According to financial results, mobile customer base reached 6.5 million. The postpaid segment remains resilient with net-adds of 13,000. The...The revenues have grown 6.9% to AED 2,874 million on sustained demand for broadband services
EBITDA amounted to AED 1,100 million due to cost optimization which helped contain margin pressure
Bahrain to open up ‘.bh’ domain name registry
A domain name is a name in English or Arabic letters chosen to be the address and the identity of...So far, mostly government entities have had permission to use this domain name
Now, the TRA has launched a campaign to introduce the mechanisms for registering new websites with the .bh domain name
UAE, Iraq agree to promote and protect investments
The agreement is part of the UAE’s endeavors to strengthen and activate means of economic and investment cooperation globally.The agreement aims to encourage foreign investment by improving the investment environment and enhancing economic cooperation
It will also look to secure a balance between rights and obligations between investors and the host country
UN report says global FDI rebounds to $852bn in H1
A United Nations report has depicted a positive picture of global foreign direct investment during the first half of 2021....Countries around the world recorded a total of $852 billion in FDI flows, showing a “rapid recovery” from the 2020 lows
Developed economies recorded the biggest increase in new investments, with FDI reaching an estimated $424 billion in the first half of the year
Gulf Islamic Investment of UAE to invest $500m in India
Gulf Islamic Investment of UAE will invest $500 million in India over the next three years as it takes steps...The shariah-compliant firm said its current investment plan is sector-agnostic and is now keen to partner with Indian start-ups and growth companies
This follows its Indian investment debut in 2020 with India Growth Portfolio (IGP-I)
Zoomcar enters Egypt market
Zoomcar targets 5,000 cars in Egypt by March 2022.Zoomcar to launch their functioning in Egypt
The target of Zoomcar is to have 20,000 cars in market by 2022 end
