e& 2023 net profit is US$2.8bn
e& said the net profit is a growth of 3 percent year-over-year.
Business
Dubai to host the world’s biggest ‘airport industry show’ in May
Dubai, UAE-- In the month of May scores of airport developers, officials, and suppliers from around the world will troop...
Arts & Culture
In food world, debate rages about recipe plagiarism
There have been calls on some food blogs to end plagiarism, with explicit instructions on how to correctly credit the...
- There have been calls on some food blogs to end plagiarism, with explicit instructions on how to correctly credit the work of another chef
- When chefs do look to the US courts for relief, the chances of getting recognition of their copyright or a monetary settlement are seen as remote
Business
Abu Dhabi Maritime to control ferry services functioning in Emirates
The organization is integrating the Ferry Operations Branch of the Integrated Transport Center under the scope of its services.
- The move will see Abu Dhabi Maritime manage and oversee the daily operation of the emirate’s two major ferry lines
- The organization will also drive the development of several key business areas associated with ferry operations
Geostrategy
UAE deputy PM attends ‘Arab Gulf Security 3’ exercise in KSA
Deputy Prime Minister and Minister of the Interior of the UAE Lt. General Sheikh Saif bin Zayed Al Nahyan attended...
- Participants in the exercise implemented security scenarios in detail, which has proven the success of this joint GCC mobilization
- Increasing the level of coordination, readiness, and preparedness among security forces were also discussed in the exercise
Dubai Academic Health Corporation embarks on four-pronged future plan
The Dubai Academic Health Corporation has agreed on four bases as a part of its strategic plans and future goals....
- The four bases of the strategy are Care, Learning, Discovery, and Giving and Stewardship.
- The strategy was discussed at the fourth Board of Directors meeting of the Dubai Academic Health Corporation.
Business
UAE and Australia discuss ways to strengthen bilateral relations
The deliberations were held during a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International...
- Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with David Hurley, the Governor-General of Australia, at Expo 2020 Dubai.
- The two sides reviewed Australia's participation in Expo 2020 Dubai and the role played by this international event.
Videos
Eight biggest GCC sovereign wealth funds
Sovereign wealth funds across the world invest trillions of dollars into real estate, bonds and other assets. TRENDS takes a...
- More than $1.3 trillion of funds are managed by some of the biggest sovereign wealth funds in the GCC.
- These funds invest in global real estate, financial assets, bonds and private equities.
Business
Jazeera airways to buy 28 Airbus aircraft for $3.4bn
Jazeera Airways of Kuwait has placed an order for 28 Airbus aircraft worth $3.4 billion, according to media reports.
- The airline also signed another agreement to purchase two aircraft engines with an accumulated worth of $32.3 million to aid the firm’s operations
- The airline said that while there is no current financial impact on its operations, both agreements are anticipated to bring about a positive impact on the corporation
Business
Spend a night under stars in these trendy Dubai destinations
Overnight camping is one of the popular activities people indulge in during winters in Dubai. The city has several unique...
- Glamping or glamorous camping at the Damani Lodges or Sedr Trailers are exquisite options for a mountain escape, with barbecues and starry skies.
- Expo 2020 Lake is a must-visit destination for those looking for a camping adventure in the middle of the desert.
Business
SACC picks board heads
It has also formed several panels that will function for three years.
- The SACC has said Mohammed Abdulaziz Al Sarhan, an independent member, has been appointed chairman of the Board of Directors
- It also announced the appointment of Raed Ibraheem Al Mudaiheem, another independent member, as the Vice-Chairman of the board
Business
Dubai sees weeklong real estate transactions worth $1.33bn
This was the result of a total of 1,724 transactions, according to figures released by the Dubai Land Department.
- A total of 139 plots were sold for AED784.14 million ($213.52 million) in Dubai
- In addition, 1,172 apartments and villas were sold for AED2.73 billion ($743.36 million)
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
e& 2023 net profit is US$2.8bn
e& said the net profit is a growth of 3 percent year-over-year.
Business
Company News
Latest News
Toyota factories across Japan hit by massive glitch
The news of system glitch sent Toyota's stocks into the red, trading 0.64 percent lower at 2,421.0 yen. But the...
Economy
Kross Studio redefines high-end horology by crossing tradition and innovation to tick luxury revolution
Launched amidst the pandemic, Marco Tedeschi's venture seamlessly blended traditional watchmaking with modern technology, collaborating with major brands to achieve...
Interview
UAE’s PureHealth acquires UK’s largest private healthcare group for $1.19bn
Dubai, Riyadh - PureHealth, the largest healthcare group in the Middle East, has entered into an agreement to acquire Circle...
Business
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Business
Expo Center Sharjah to host 63% more events in last quarter
Sharjah, UAE - Expo Centre Sharjah said it will host 63 percent more events in the last quarter of 2023,...
- The Center will host 18 economic, trade, and cultural exhibitions, while during the same period last year, it hosted 11 such events.
- The events are scheduled to take place not only at the Expo Centre Sharjah but also at its affiliated centers located in Khorfakkan and Al Dhaid.
Business
Iran inaugurates final phase of country’s largest gas field
The South Pars gas field is one of the world's largest natural gas condensate fields. Iran shares the gas field...
- Oil Minister Javad Owji said around 50 million cubic meters of gas will be extracted daily from phase 11 of the project "after the completion of the wells".
- Iran has the world's second largest gas reserves, after Russia, and the world's fourth largest oil reserves.
Business
AviLease acquires aircraft leasing platform
The $3.6bn deal will see AviLease acquire a portfolio of 100 aircraft.
- The combined platform will own and manage 167 of the latest technology, fuel efficient aircraft, consisting of 145 owned valued at around $6 billion.
- AviLease arranged $2.1 billion of competitive bridge financing commitments from four banks: BNP Paribas, Citibank N.A., HSBC Bank Middle East and MUFG Bank.