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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

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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.

Zakat Fund reports revenue of $6 billion in 2021

Zakat Fund gives millions of Dollars as aid to deserving families every year
  • Abdullah bin Aqeedah Al Muhairi, Secretary-General of the Zakat Fund, said that the fund is totally transparent
  • Al Muhairi stressed that the Fund will continue working to raise awareness on the Islamic duty of Zakat

The Zakat Fund has recorded total revenues of $6 billion in 2021, an increase of 5 percent over the same period in 2020.

Abdullah bin Aqeedah Al Muhairi, Secretary-General of the Zakat Fund, stressed that the fund is moving forward to achieve a high level of leadership and excellence.

This stems from its strategic and operational plans and the confidence of people who donate zakat to the fund, which ensures complete transparency, he added.

He also said that the fund has made its services and payment channels available to the public and has benefited from technological developments, which have enabled it to reach out to more people and provide them with various zakat options.

Al Muhairi expressed his thanks and appreciation to the donors, stressing that the Fund will continue working to raise awareness on the Islamic duty of Zakat.