This marks 16% increase compared to the same period last year.

Dubai, UAE -- EDGE, one of the world's leading advanced technology and defense groups, announced that it bagged an AED 4.1 billion ($1.1bn) contract for the supply of aircraft munitions at Dubai Air Show Wednesday. EDGE entity LAHAB DEFENCE SYSTEMS, the UAE’s sole munitions manufacturer, was awarded the contract which...

DUBAI, UAE – Tawazun Council announced the signing of 11 deals, worth US$1.8 billion (AED 6.9 billion), with local and international companies on the second day of the Dubai Airshow 2023. Tawazun Council is an independent government entity that works closely with the Ministry of Defense and security agencies to...

The company's third-quarter revenue grew by 8% to $5.80 billion.

Dubai, UAE--Dubai Airports is expecting annual passenger traffic at Dubai International (DXB) to touch 86.8 million – surpassing 2019 traffic, propelled by strong growth throughout the first three quarters of the year and anticipation of an exceptional surge in guest numbers in the final quarter. DXB commenced the second half...

The expected injection of billions of dollars into the retail business through sale of varied items can turn out to be a much-needed boost for a sector experiencing "sales fatigue."

The expected injection of billions of dollars into the retail business through sale of varied items can turn out to be a much-needed boost for a sector experiencing "sales fatigue."

The transaction is worth $3.2 billion, reports say.

Dubai, UAE - UAE's Tawazun Council, an independent government entity that works closely with the Ministry of Defense and security agencies to maximize value through acquisition systems, announced signing of nine deals worth $1.27 billion with local and international companies on day 1 of the Dubai Airshow 2023. The announcement...

Doha, Qatar -- Qatar has strongly condemned the Israeli shelling of the Qatar Committee for the Reconstruction of Gaza's headquarters, denouncing it as a blatant violation of international law. The incident, viewed as an extension of the occupation's pattern of targeting civilians and civilian infrastructure, has sparked international outrage, QNA...

Abu Dhabi, UAE -- Rapid advances in AI technologies have created a major challenge for the media sector: the difficulty of keeping up with these developments that require specific ethics, according to a media expert. Professor Charlie Beckett, Professor of Practice, Director of Polis and the Polis/LSE JournalismAI project at...

Dubai, UAE -- As world leaders and climate experts gear up for the COP28 climate summit scheduled to take place in the United Arab Emirates (UAE), the latest data on global climate conditions issues a compelling and urgent call to action, an expert has said. The National Oceanic and Atmospheric...

Vienna, Austria--The UAE's non-oil economic activities continued to see robust performance and are expected to extend healthy development into 2024, the Organisation of the Petroleum Exporting Countries (OPEC) said. In its OPEC Monthly Oil Market Report for November 2023, the organisation anticipated the upward trend in non-oil activities to continue...

Dubai, UAE - The much-anticipated Hindi-language action film Tiger 3, starring Salman Khan and Katrina Kaif, has reportedly been banned in Gulf states Kuwait, Oman, and Qatar. Released on the occasion of Diwali, the film has marked its entry into the record books as the highest-grossing Diwali day release. While...

The bank marked the issuance of its $500 million green sukuk.

The UAE is shifting from Western influences to eco-friendly practices in its apparel market. 2023 marks the nation's commitment to sustainability, with an increasing focus on ethical, high-quality, and environmentally friendly products. However, transparency in sustainability claims is crucial to combat "greenwashing" in the industry.

This will help HR teams improve business operations.

The pact is aimed at integrating smart weapons into MQ-9B.

SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate, amounting to US$980 million (AED3.6 billion) in trade value and involving 8.2 million square feet, the Sharjah Real Estate Registration Department said in a report.   This surge reflects a...

The company also reported an EBITDA of $635 million.

Abu Dhabi, UAE - The CBUAE will provide UAE nationals with job opportunities across various banking and insurance specializations in an effort to meet the financial sector’s Emiratization objectives during its participation in the 17th annual Tawdheef exhibition taking place between November 13-15, at the Abu Dhabi National Exhibition Center...

DUBAI, UAE – The biggest edition of the Dubai Airshow, a significant global event for the aerospace, space and defense industries, will begin here on Monday. Under the theme ‘The Future of the Aerospace Industry’, the 18th edition of the event, which runs till November 17, will see industry trailblazers...

DUBAI, UAE – The Dubai Land Department (DLD) is committed to providing property owners with easily accessible resources to reinforce transparency within the real estate market and promote adherence to relevant laws and regulations. The official list of accredited companies and valuation offices is available on DLD’s official website (dubailand.gov.ae)...

Paris, France-- The UAE has made a fervent appeal to members of the United Nations Educational, Scientific and Cultural Organization (UNESCO) to join the country and its group of friends to lead climate efforts on the occasion of the UAE hosting COP28 in Expo City Dubai from 30th November to...

The two companies will invest up to US$1.5 billion.

Dubai is actively implementing climate adaptation strategies and technologies in transportation and infrastructure to mitigate climate change effects and enhance the city's resilience.

The revenue was driven by demand for electricity, water.

Dubai, UAE -- The total value of real estate transactions conducted in Dubai during the week ending 10 November 2023, exceeded AED 10.3 billion ($2.80 billion), according to figures released by the Dubai Land Department (DLD). The DLD report showed that 1,782 sales transactions worth AED7.4 billion were conducted, with...

“I have been looking very carefully and intensely at the UAE’s strategy on AI, and it resonates a lot with Spain’s national strategy. Here, the UAE is doing an excellent job in promoting the country as a destination for top researchers and innovators,” she says on the sidelines of ADIA...

Dubai, UAE – Dubai government on Thursday approved several initiatives to stimulate the industrial sector in the emirate besides announcing incentives for the agricultural technology sector, and a policy banning single-use pla The initiatives to boost industrial sector is in line with the goals of the Dubai Economic Agenda D33...

This is due to the successful launches of new projects.

The emergency meetings of the Arab League and the Organization of Islamic Cooperation come after over one month of Israeli bombardment has killed more than 10,000 people in Gaza, many of them children, according to the Hamas-run health ministry. With Israel's leaders rebuffing talk of a ceasefire until the captives...

The operating income of the group rose to US$234 million.

The profit was 138% higher than the $1.2 billion in H1 2022.

The final orderbook of the green sukuk closed at $2.6 billion.

Profitability dropped 22% due to lower realized prices.

Global firms looking to hire space for offices and demand from govt, local dwellers have turbocharged the sector, driving property prices and rents to highs not seen in recent years.

Dubai, UAE - Dubai Investments, the leading investment company listed on the Dubai Financial Market (DFM), acquired additional 7.68 percent equity stake in Monument Bank Limited, a UK Based Digital Bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority (UK). This increases the Group’s holding in...

The Group's third-quarter revenues grew by 9.5 percent.

The company posted a 44 percent growth in revenues for 9M-period.

Dubai, UAE-- The UAE is a key market for French businesses due to its strategic location as a hub and gateway to the entire region, said Axel Baroux, the French Trade Invest Commissioner to the UAE and the Regional Director of Business France in the Middle East. Speaking to the...

ABU DHABI, UAE - The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the fifth auction of the Islamic Treasury Sukuks (T-Sukuks). This is...

ABU DHABI, UAE - A recent report revealed that 29 initial public offerings (IPOs) were recorded in the Middle East and North Africa (MENA) region during the first nine months of this year, with total proceeds of US$5.8 billion. The report, issued on Tuesday by Ernst Young (EY) on IPO...

The firm recently launched steps to optimize its cost structure.

The United Arab Emirates, a wealthy Gulf monarchy, broke with Arab tradition to establish ties with Israel in the 2020 Abraham Accords agreements. It has previously announced plans to bring about 1,000 Palestinian children and their families from the Gaza Strip for treatment at UAE hospitals.

Its revenue stood at US$323m in the first nine months of 2023.

Ajman, UAE-- The Department of Economic Development in Ajman (Ajman DED) has reported an 11 percent growth in the total number of economic licenses issued during the third quarter of 2023. According to a report published by Ajman DED, professional licenses came in first place with 51% of the total...

Dubai, UAE-- Describing the COP28 as a huge moment for the world and the UAE, Andrew Griffith, Economic Secretary to the UK Treasury, said the whole world's eyes "will be here." Speaking to the media in Dubai, he said that sustainable finance will be central to the global event. He...

Abu Dhabi, UAE - The National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organizations Committee (NAMLCFTC) and UAE supervisors, issued guidance on combating the use of unlicensed virtual asset service providers. Prepared by the supervisory subcommittee, the guidance aims to educate licensed financial institutions (LFIs) and...

ANAVIA focuses on developing unmanned helicopters.