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Business, Economy

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Lulu’s IPO raises $1.72bn

The proceeds make it the largest UAE IPO of 2024 to date.

DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

ADNEC to acquire ‘Royal Catering’

Royal Catering has more than 2.500 employees.

UAE 2031 vision key to its global ambitions

By Hilal Mir
December 18, 2022 9:24 pm
  • We the UAE 2031’ vision is a national plan through which the UAE aims to pursue its development path for the next 10 years.
  • It seeks to "enhance the position of the UAE as a global partner and an attractive and influential economic hub", the government says.

‘We the UAE 2031’ vision is a national plan through which the UAE aims to pursue its development path for the next 10 years, with focus on social, economic, investment and development aspects, according to the UAE government. It seeks to “enhance the position of the UAE as a global partner and an attractive and influential economic hub”. TRENDS presents the key aspects of the policy:

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