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Dubai

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.
  • International dental conference kicks off in Dubai

    Dubai, UAE-- The three-day long dental conference has got underway in Dubai, bringing together leading experts in dentistry and oral health professionals from around the world.Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Academic Health Corporation and Chancellor of the Mohammed Bin Rashid University of Medicine and Health Sciences,...
  • Dubai’s VARA brings out ‘specialized regulations’ for virtual assets

    Dubia, UAE--Dubai’s Virtual Asset Regulatory Authority (VARA), has issued what it calls as Virtual Assets and Related Activities Regulations 2023. The regulations set out a comprehensive virtual asset framework built on principles of economic sustainability and cross-border financial security. The UAE has remained committed to enabling these drivers safely, updating...
  • Integrate Middle East 2023 launches in Dubai on May 16

    The event is predicted to bring in over 7,000 professional visitors when it takes place at Dubai World Trade Centre from May 16 to 18.
  • DEWA updates strategic plan to include achieving net-zero by 2050

    DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) has updated its strategic plan, adding achieving net-zero by 2050 to its vision.This move is as per its commitment of keeping pace with the government plans and strategies that aim to achieve net-zero by 2050 and the UAE’s efforts to promote...
  • Increasing pressure from Saudi real estate projects to force Dubai to develop more distinctive offerings

    At the moment, the market is solidly Dubai, which is recognised as the world leader in branded residential offerings with all eyes on the city’s upcoming openings. The slower approach of Abu Dhabi will be something to watch as it makes large-scale investments into the luxury sector, he adds.
  • GMG buys out Aswaaq LLC

    It will add 22 supermarkets to GMG's retail network in the UAE.
  • Dubai records over $381 million in real estate transactions

    Dubai, UAE-- Dubai real estate market recorded transactions worth AED1.4 billion ($381 million) on Monday, data released by Dubai's Land Department (DLD) showed.The deals included 490 sales transactions worth AED1.17 billion, in addition to 86 mortgage deals of AED177.94 million, and 15 gift deals amounting to AED55.81 million.The sales included...
  • DEWA cleans beach, plants mangrove as  part of 26th National Environment Day

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) participated in a campaign to clean the beach and plant mangroves at the Jebel Ali Marine Sanctuary, organized by the Emirates Marine Environmental Group.The move is in conjunction with the National Environment Day, observed on  February 4 each year, and is...
  • DP World handled 79mn TEU across its container terminals in 2022

    The company’s growth was driven by Asia Pacific, the Americas and Australia region, the Group Chairman and CEO Sultan Ahmed Bin Sulayem.
  • Dubai’s position as international events destination reinforced in 2022

    The city also hosted the Skift Global Forum East, the first-ever international extension of the world’s flagship travel conference, the Skift Global Forum.
  • Dubai receives 14.36mn international visitors in 2022

    The latest data from the United Nations World Tourism Organisation (UNWTO) shows that global tourist travel in 2022 was 37 percent lower than 2019.
  • Dubai’s government, private sector to discuss future at Innovation Talks

    DUBAI, UAE - The Innovation Talks series will bring together heads and representatives of Dubai government departments, and experts from major private sector companies to discuss how they can work together to develop a common vision for the future.The Innovation Talks series in Dubai forms part of the emirate's participation...
  • Qatar’s Hamad International Airport aims to beat passenger record

    The airport recorded 39.5 million passengers in 2019 before the coronavirus pandemic struck, and last week announced that with the World Cup in November and December, numbers had recovered to 35.7 million in 2022.
  • Dubai Customs, Dubai Chambers discuss support for private sector

    DUBAI, UAE - Dubai Customs and Dubai Chambers discussed supporting  businesses and the private sector and enhance the emirate’s competitiveness following Dubai's strategic plans and vision.These were the highlights of the meeting between Ahmed Mahboob Musabih, Director-General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation and Mohammad...
  • Dubai Marathon to be held on February 12 at Expo City

    Dubai, UAE-- The 2023 edition of Dubai Marathon will be held at Expo City Dubai on 12th February, 2023, according to its organizing committee.Organised with the support of the Dubai Sports Council and the cooperation of various government entities, the 22nd edition of the race will bring together runners from...
  • Dubai’s records weeklong real estate transactions worth $2.44 billion

    Dubai, UAE---A total of 2,157 real estate transactions worth over AED 9 billion ($2.44 billion) were conducted during the week ending Feb 3, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report revealed that 237 plots were sold for AED 1.56 billion, with an additional 1,920...
  • Drydocks World, Aker form JV

    They will upgrade an FPSO vessel for the Rosebank field in the UK.
  • DHA, DIEZ ink MoU to support healthcare sector

    DUBAI, UAE - Dubai Health Authority (DHA) has signed a Memorandum of Understanding (MoU) with Dubai Integrated Economic Zones Authority (DIEZ) to enhance investment opportunities in the healthcare sector and support the formation of healthcare start-ups.The MoU will help to promote cooperation and coordination between the two sides and develop...
  • Abu Dhabi-based Aldar to debut in Dubai realty market

    Abu Dhabi, UAE--Abu Dhabi-baed Aldar Properties will make a debut into Dubai's lucrative real estate market after it signed an agreement with Dubai Holding.The joint venture will develop new communities in three locations across an area of 38.2 million sqft (3.55 million sqm). The new communities will be located in...
  • Dubai energy demand grew by 5.5 percent in 2022: DEWA CEO

    Dubai, UAE– Dubai witnessed a 5.5 percent increase in energy demand in 2002, from 50,402 GWh to 53,180 GWh, said Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA).The company has outperformed major European and American utilities with a reduced line loss of 2.2 percent...
  • Dubai sees entry of 10,500 wooden dhows in 2002, boosting trade

    Dubai, UAE--The Marine Agency for Wooden Dhows has facilitated the entry of more than 10,500 wooden dhows during 2022, reflecting a 12 percent year-on-year growth.According to Sultan Ahmed bin Sulayem, Chairman of the Dubai’s Ports, Customs and Free Zone Corporation (PCFC), the wooden dhows ferried 1.7 million metric tonnes of...
  • Saudi Arabia, UAE set to lead IPO activities in GCC

    Around 27-39 companies in the Gulf region are expected to come out with IPOs in the first few months of this year with the Kingdom and UAE leading from the front, reports suggest.
  • Dubai records over $571 million in real estate transactions

    Dubai, UAE -- Dubai real estate market recorded deals worth AED2.1 billion on Tuesday, Dubai Land Department said.The deals included 471 sales transactions worth AED1.87 billion, in addition 70 mortgage deals of AED122.36 million, and 14 gift deals amounting to AED130.13 million.The sales included 451 villas and apartments worth AED1.56...
  • Arab Health 2023: Emirates Health Services unveils ‘Microbubble treatments for Children’

    ‘Microbubble Treatments for Children’ programme research project is being pursued in partnership with the Children’s Hospital of Philadelphia.
  • Iran, Russia link banking systems amid western sanctions

    Linking of banking system with Russia is seen as an attempt by both the countries to get around the US economic sanctions.
  • Dubai International Financial Centre launches ‘metaverse platform’

    Dubai, UAE--Dubai International Financial Centre (DIFC) unveiled the “DIFC Metaverse Platform” to attract technology innovators from around the world.The platform is part of a comprehensive strategy being developed by Dubai International Financial Centre, the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, to accelerate...
  • More than 2,000 contestants to take part in Spinneys Dubai 92 Cycle Challenge

    Dubai, UAE-- Over 2,000 cyclists from the UAE and overseas are expected to participate in the 13th edition of the "Spinneys Dubai 92 Cycle Challenge," which is qualifying for the Gran Fondo World Championship.The 92 km cycling challenge will be organized on 19th February 2023 with the support of the...
  • UAE unveils ‘Emirates Health’ at medical conference in Dubai

    Dubai, UAE--The UAE has launched several innovative health projects in the 48th edition of Arab Health 2023, which began today at the Dubai World Trade Centre and will conclude on 2nd February, 2023.The Ministry of Health and Prevention (MoHAP), the Department of Health—Abu Dhabi (DoH), and the Dubai Health Authority...
  • UAE’s EHS to showcase innovative health projects during Arab Health 2023

    DUBAI, UAE - The Emirates Health Services (EHS) will showcase its 19 innovative healthcare projects during Arab Health Exhibition 2023, which will be held from January 30 to February 2 at the Dubai World Trade Center.Dr. Youssef Mohamed Al Serkal, Director General of the Emirates Health Services, said that the...
  • UAE launches ‘Tax Support’ program to promote compliance with laws

    Dubai, UAE - UAE's Federal Tax Authority (FTA) started the ‘Tax Support’ initiative to raise tax awareness among UAE’s business sectors through direct and sustained contact.The step is likely to help the businesses in enhancing compliance with tax laws and regulations, WAM reported.As a result, the first workshop for 2023...
  • DEWA commissions 17 transmission substations worth US$871m in 2022

    DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) inaugurated 17 new substations in 2022.These include fifteen 132kV stations with a conversion capacity of 2,280 megavolt amperes (MVA) and two 400kV stations with a conversion capacity of 4,000 MVA, in Al Qusais Industrial Area 5 and Jebel Ali First.DEWA installed...
  • An effective governance, risk and compliance system need of the hour, says UAE’s cybersecurity head

    There is a close link between cybersecurity and GRC and innovation plays a key role in governance systems. Organizations must first establish a GRC system in order to achieve cybersecurity objectives and create a secure working environment, he said while addressing the Dubai's GPRC Summit 2023.
  • Dubai realty: 2023 starts with ‘strongest’ sales

    The emirate saw a record-breaking rise in real estate sales in the first two weeks of 2023, with a total of AED13.22 billion transacted across 4,275 deals, data suggest.
  • DEWA’s virtual employee ‘Rammas’ responds to over 6.8mn enquiries since 2017

    DUBAI, UAE - Dubai Electricity and Water Authority’s ( ) virtual employee ‘Rammas’, which uses Artificial Intelligence (AI), answered over 6.8 million enquiries since its launch in the first quarter of 2017 until the end of December 2022.Saeed Mohammed Al Tayer, MD and CEO of DEWA, said that DEWA launched...
  • 1st Arab long-duration astronaut mission to launch on Feb 26

    Key mission information, such as the launch time and launch opportunities, was announced during the NASA Crew-6 mission overview media briefing.
  • DIC buys 9% equity in Monument Bank

    Equity will help DIC enter one of the most regulated markets
  • DGCX reports 16% growth in total volume of trades in 2022

    DUBAI, UAE - Dubai Gold and Commodities Exchange (DGCX) Thursday announced its full-year market statistics for 2022, reporting 8.239 million contracts with a  value of US$162.01 billion during the year, representing growth of 16 percent and 8.24 percent from 2021, respectively.The DGCX is the largest and most diversified derivatives exchange...
  • DEWA, SAP senior management discuss cooperation in Dubai

    DUBAI, UAE - Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Christian Klein, CEO and member of the Executive Board of SAP SE.The meeting was attended by Marwan bin Haidar, Executive Vice President of Innovation and The Future at DEWA, and Mohammad bin...
  • MENA IPO Summit discusses ‘regulatory structure for capital markets’

    Dubai, UAE-- On the second day of the MENA IPO Summit Dubai 2023, many experts called for the creation of a a dynamic and advanced regulatory structure for capital markets and educating market participants on the best practices.During the summit’s workshops and discussions, securities companies and experts talked about ways...
  • India-UAE partnership summit calls for economic partnerships to drive development plans

    India’s Minister of Commerce and Industry Piyush Goyal highlighted the various prospects of cooperation including leveraging UAE and India’s startup ecosystems.
  • DEWA is an organizing partner in Dubai International Project Management Forum 2023

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that it is participating in the 8th Dubai International Project Management Forum (DIPMF) as the organizing partner.DIPMF is being organized by the Roads and Transport Authority in Dubai (RTA) in cooperation with the Project Management Institute (PMI), DP World, and...
  • Dubai real estate market records deals worth $408 million

    Dubai, UAE--Dubai real estate market recorded deals worth AED1.5 billion ($408 million) on Tuesday, Dubai Land Department said.The deals included 520 sales transactions worth AED1.22 billion, in addition to 72 mortgage deals of AED216.8 million, and 15 gift deals amounting to AED98.13 million.The sales included 440 villas and apartments worth...
  • DEWA launches plan for fast approval of electricity connections  

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and consultants receive approval on the first instance when requesting electricity connections.This initiative will save the contractors and consultants time and effort and speed up the workflow.The initiative includes a series...
  • Israel doubts remain despite UAE Holocaust education

    Dubai's Holocaust Gallery is the only permanent exhibition on Arab soil about Nazi Germany's genocide of European Jews.
  • Azizi sells 35% Creek Views II units

    The 587-residence project is scheduled for handover by Q4.
  • Dubai realty sector posts record sales in 2022

    Real estate sector experts say facilities like Golden Visa were fueling expatriate interests in owning a property in the emirate.
  • Dubai Customs makes 25.7m transactions, above 2100 seizures in 2022

    Dubai, UAE-- Dubai Customs has completed 25.7 million customs transactions and made 2,147 seizures in 2022, while also winning several global awards besides launching a number of products to reduce cost for clients and increase their revenue, the Customs said.Dubai Customs dealt with 388 intellectual property disputes in 2022, which...
  • DEWA implements SAP’s Audit Management System

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has implemented the SAP Audit Management System (TAWKEED), becoming the first integrated utility in the Middle East and Africa (MEA) region to implement this best-in class solution.TAWKEED is used for risk-based audit planning, planning individual audit engagement, communicating results to stakeholders,...
  • DEWA showcases its sustainability projects to French, Cuban delegations

    DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level delegation from the EDF Group (Électricité de France) headed by Luc Remont, CEO and Chairman of the Board of Directors.Al Tayer also received a delegation from Cuba headed by Dr....
  • UAE Ministry of Finance, Dubai Free Zones Council sign MoU on sharing of information

    DUBAI, UAE - UAE Ministry of Finance (MoF) Tuesday signed a Memorandum of Understanding (MoU) with the Dubai Free Zones Council (DFZC) on the exchange of information for tax purposes.This comes in line with the ministry’s continuous efforts to ensure that  commitment of various government entities in the UAE to...