Salik 2024 net profit before taxes $348m
The toll operator's revenue increased by 6% to $626 million.
Dubai to host 3 healthcare events next week
The United Arab Emirates is set to host three healthcare events next week in Dubai where over 4,000 healthcare professionals and participants are expected to attend.High investments in H1 2022 for DEWA transmission substations
Dubai Electricity and Water Authority (DEWA) recorded substantial growth of 22 percent in investments allocated to transmission substations during the first half of 2022, compared to the same period last year.Post Covid, shopping centers in UAE adopt experiential community approach to attract customers
Through the new concept, retailers and shopping centers in the Gulf country are giving a customer a whole experience, in some cases both in-store and online.ENOC opens new station in Al Hamriya Port
This would be the eighth marine service station in the emirate.Aramex acquires eCommerce enabler MyUS
The acquisition integrates MyUS into Aramex’s business.UAE, Chile ink pact to exchange knowledge on energy sector
UAE's Ministry of Energy and Infrastructure signed a Memorandum of Understanding with its counterpart in Chile to exchange knowledge and expertise in energy and advance this vital sector locally and globally.DEWA’s Jebel Ali plant enters Guinness World Records for second time
It was named as the Largest Single-Site Water Desalination Facility in the World by the Guinness World Records.Dubai Customs issues authorization certificates to free zone companies
Dubai Customs provides the services and facilities to licensed companies in the free zones of the Emirate to boost investments and attract more investors.WFP calls for action to avoid another year of record hunger
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that the crises facing the world today put the health and lives of millions of people at stake without distinguishing between developed and developing countries.UAE, Lulu Money sign pact on digital KYC service
LuLu Exchange – one of UAE’s leading financial service providers, announced that it has signed an agreement with the country's Ministry of Interior to launch a digital KYC process through new-age facial recognition on its cross-border payments app, LuLu Money.flydubai, Smartwings sign agreement
flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.Dubai records real estate deals worth $571 million on Thursday
Dubai, UAE---Dubai real estate market recorded realty transactions worth AED2.1 billion ($571 million) on Thursday, Dubai Land Department said. The transactions included 401 sales deals worth AED1.69 billion, in addition to 77 mortgage deals of AED324.64 million, and 13 gifts deals amounting to AED132.47 million on Thursday. The sales included...Middle East region now has a new address for business centers: Downtown
Close to 200 years after the business hub of New York City was named as downtown, the word has entered the lexicon of business and commerce in the Middle East, with many areas being referred to by it.Video highlights: Futuristic TOP CEO 2022 discusses economic opportunities
The TOP CEO Conference, held in Dubai in Q2, discussed several burning global and regional issues of the time. It may help policymakers devise better strategies.Yellow Door closes $400m equity raise
It plans to deploy $1bn in sustainable energy projects.Automation poised to transform GCC labor market
About 42.6 percent of jobs in the region will be automated by 2030, ahead of the global average of 32 percent, predicts a McKinsey report.DEWA to enhance ties with foreign firms at GITEX Global 2022
MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received Consul-General of Canada to Dubai and the Northern Emirates Jean-Philippe Linteau at GITEX Global 2022.Villas, apartments worth $265 million sold in Dubai
Dubai, UAE--- Dubai real estate market recorded realty deals worth AED1.5 billion ($408 million) on Tuesday, Dubai Land Department said.Unemployment Insurance Scheme comes into force in UAE
The Ministry of Human Resources and Emiratization (MoHRE) of UAE announced that an 'Unemployment Insurance Scheme' for employees of the federal government and the private sector has come into force.MEmob+, GeoDB partner to launch a Digital Wallet, Blockchain Protocol
The investment reinforces both companies’ shared vision of democratizing data, changing how data is shared and monetized by the users and brands.Arab designer labels stir up $29bn GCC luxury market
Luxury goods business in the MENA region is seeing a reorganization, surprising market experts, as homegrown brands challenge the hegemony of high-end Western labels.Dubai records over US$435m in realty transactions Monday
Dubai real estate market recorded 445 sales transactions worth US$321 million, in addition to 68 mortgage deals of $121 million and 37 gifts deals amounting to $16 million on Monday, data released by Dubai's Land Department (DLD) showed.Dubai Airport Free Zone non-oil trade up 36 percent in 2021
Dubai, UAE--- Non-oil trade of Dubai Airport Free Zone (DAFZ), part of the Dubai Integrated Economic Zones Authority (DIEZ), rose by more than 36 percent year-on-year in 2021 to more than AED162 billion, from AED119 billion last year. DAFZ contributed 10.7 percent to Dubai’s non-oil trade in 2021, exceeding expectations...DEWA invites proposals for work on sixth phase of solar park
Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park based on the Independent Power Producer (IPP) model.Dubai records weeklong real estate transactions worth $1.92 billion
Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending 7 October, 2022, according to figures released by the Dubai Land Department. A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for...Ornate Hindu temple opens doors in Islamic UAE
The large white marble building with Indian as well as Emirati architectural flourishes sits in the officially Islamic country's Jebel Ali port district, which is also home to churches and a Sikh temple. Thousands of South Asian workers live in labour camps nearby and will be provided with special buses...GCC needs US$60-85bn for sustainable waste management: study
It will take $60-85 billion for the GCC to put in place a modern recycling system for waste management, according to a study carried out by Boston Consulting Group (BCG) and the World Business Council for Sustainable Development (WBCSD).Startups adopt new strategy to survive post pandemic
Post pandemic, startups, SMEs, and entrepreneurs must adopt a new mentality to scale their enterprises and survive, says Awfa Mustafa, CEO of Najahi Events.UAE Ministry of Emiratization launches Customer First forum
UAE Ministry of Human Resources and Emiratization has launched the Customer First Forum, comprising virtual sessions on a weekly basis on queries of employers and employees in the private sector and citizens seeking jobs.DP World launches GBC to support growth plans of large companies
Dubai, UAE--- DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies in achieving their growth ambitions. The port operator said that GBC invites companies to enhance their international operating models with a base in the emirate and raises awareness about Dubai’s strengths...UAE and Italy to widen trade and economic ties
The UAE and Italy are looking to widen trade ties between the two countries, and in this regard an Italian delegation met with Dubai Customs to further economic cooperation.Saudi stocks shine, while UAE’s post losses
GCC markets had a mixed week as Saudi stocks powered by the banking and commodities retail sectors posted gains, while the UAE stocks tanked, ending the weeks with losses.Dubai real estate market performance in Aug best in decade
A total of 9,720 real estate sales worth $6.62 billion were recorded during the month, an increase of 69.57 percent compared to August 2021, said Moasher, which has been launched by Dubai Land Department in cooperation with Property Finder.Large turnout of visitors at WETEX, Dubai Solar Show
The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) saw a large turnout of visitors in its 24th edition.GCC investors park wealth in real estate: poll
A TRENDS poll on Twitter revealed that 43.9 percent of voters preferred real estate, followed by technology at 37.4 percent.Salik begins trading on DFM, after large investor interest
Dubai, UAE— Salik, Dubai toll operator, has listed on Dubai Financial Market under the name of "SALIK", after the offering was oversubscribed by 49 times. It is the third public offering and listing on the DFM in 2022 to date, as part of the accelerated steps to implement Dubai’s strategy...Middle East plays well to become sports tourism hub
Major events such as Qatar World Cup 2022, Formula 1 Abu Dhabi Grand Prix, etc. will give Gulf tourism a boost in the last quarter of this year, according to a latest report.Specialized sessions on Metaverse opportunities held in Dubai
As many as seven side sessions were held on the first of the two-day specialized sessions on Metaverse.Dubai fifth globally in UN digital city governance survey 2022
Dubai ranked fifth globally and first in the Arab World in the Local Online Service Index (LOSI) 2022 issued by the United Nations as part of its biennial e-government survey.DMCC holds events in Miami and New York to attract US companies
Dubai, UAE--- Dubai Multi Commodities Centre (DMCC) said Thursday it has concluded Made For Trade Live events in Miami and New York, which were aimed at attracting more companies from the US to the UAE. DMCC said it sees significant opportunities for growth in the UAE–US trade corridor, which was...UAE to develop international maritime network
The Ministry of Energy and Infrastructure (MoEI) announced the launch of the "UAE Maritime Network".In wealthy Dubai, poor get free bread from machines
Ten vending machines were installed last week in supermarkets, with a computer touch screen allowing people to select different types: loaves for sandwiches, pitta bread or flat Indian-style chapatis.Villas and apartments worth $270 million sold in Dubai
Dubai, UAE--Dubai real estate market recorded deals worth AED1.7 billion ($462 million) on Monday, according to Dubai Land Department. These include 498 sales transactions worth AED 1.24 billion, in addition to 80 mortgage deals of AED 444.06 million, and 12 gift deals amounting to AED65.68 million. The sales included 469...Eman Al Shamsi is first Arab, Emirati member of WLPO steering committee
The WLPO network, part of the International Society of Pediatric Oncology (SIOP), promotes female leadership in pediatric oncology.‘Firms in UAE resist employee demands for hike in salary’
Several firms in the UAE have received requests from employees to adjust compensation packages in line with the inflation in the country, a global consulting firm has said.Dubai’s real estate builds on AI to boost sales
Investors and brokers are becoming more confident as the emirates's innovative systems keep tabs on the skyscrapers and the units available for housing and renting.Dubai emerges as a driving force for a green economy
Dubai is consolidating its position as a pioneer in transitioning to a green economy to support the efforts of the UAE and the rest of the world in fighting the consequences of climate change.Salik IPO oversubscribed
The company raised $1.017 billion in IPO on the DFM.Dubai records realty transactions worth US$1.8bn in week
A total of 2,401 real estate transactions worth US$1.8 billion (AED6.7 billion) were conducted during the week ending September 23, 2022, according to figures released by the Dubai Land Department.Uncertainty rules even as MENA crypto market grows
Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA at Exness, tell TRENDS.