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.

AI has emerged as a transformative force in various sectors, revolutionizing how businesses operate, make decisions, and secure their assets, says a study.

Taking to X, formerly Twitter, King Abdullah said that Jordan's air force personnel air-dropped at midnight urgent medical aid to Jordanian's field hospital in Gaza. Terming it as "our duty to aid our brothers and sisters injured in the war on Gaza", he said the kingdom will always be there...

AMMAN, JORDAN  – Foreign ministers from key Arab nations – including Saudi Arabia, the United Arab Emirates, Egypt, Qatar, and representatives from the Palestinian Authority – met here to discuss strategies for ending the ongoing conflict in Gaza. The meeting, held on Saturday, was aimed at coordinating efforts to halt...

DUBAI, UAE - The Ministry of Human Resources and Emiratization (MoHRE) has launched awareness guidebooks for private sector companies and Emirati private sector employees to raise awareness on Emiratization-related decisions and initiatives in the country. The guidebooks also provide information on the benefits provided by both the Ministry and Nafis...

The Gulf country's ascent to the top of regional EV preparedness rankings and seventh position globally marks a significant stride towards its 2050 carbon neutrality goals.

Dubai, UAE - Middle East powers should maintain their push to de-escalate the region through trade and economic ties despite the Israel-Hamas war, a senior United Arab Emirates official said on Saturday. The sudden flare-up in Gaza, after a deadly attack by Hamas, follows a period of fence-mending in the region including...

Abu Dhabi, UAE--Abu Dhabi Islamic Bank (ADIB) has published "Sustainable Finance Framework" establishing criteria and eligibility requirements that determine which projects are labelled “green”, “social”, or “sustainable”. The framework will determine the eligibility of projects for the bank to finance or refinance, including the issuance of green, social and sustainability...

Firm paid cash dividend of US$115 million.

DUBAI, UAE –The Dubai Customs apprehended a traveler arriving from a European country who was trying to smuggle various small drugs that were cleverly concealed within his luggage. The items included 292 hallucinogenic pills, five hallucinogenic stamps, 13.84 grams of hallucinogenic powder, 7.38 grams of crack cocaine and 274.59 grams...

DUBAI, UAE - Bahrain has recalled its Ambassador from Israel and decided to suspend economic relations with Tel Aviv in a show of support for the Palestinian people. Bahrain’s move comes amid Israel’s actions in the Gaza Strip, the Council of Representatives which is the lower house of parliament of...

The MoU will enable UAE-based firm to enter Angolan market.

"Russia is dependent on willing third-country individuals and entities to resupply its military and perpetuate its heinous war against Ukraine and we will not hesitate in holding them accountable," said Treasury Secretary Janet Yellen in a statement. The Treasury added on Thursday that Russia has been exploiting "otherwise legitimate economic...

The first proposed interim dividend is of $81 million.

Abu Dhabi, UAE - Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited are working together in the first regional collaboration of its kind to develop digital fixed-income securities, paving the way for the introduction of a broader array of capital market use cases in the Middle East....

Dubai, UAE-- Dubai Electricity and Water Authority (DEWA) has held discussions with a delegation from Germany on how to boost cooperation in clean and renewable energy. In this regard, Saeed Mohammed Al Tayer, MD and CEO of DEWA), received a high-level delegation from the German region of Lusatia, led by...

The company's adjusted EBITDA reaching $446.5 million.

“Jordan has become a regional investment hub of choice for the UAE's direct investments, totaling US$4 billion. This represents 14% of the total foreign direct investments received by the Kingdom, making the UAE the largest global investor in Jordan, surpassing the UK and Kuwait, whose investments are 8.2% and 7.2%,...

Abu Dhabi, UAE--The UAE and Jordan have signed a memorandum of understanding (MoU) to create a framework for investment cooperation in key areas including infrastructure and development projects, while further strengthening the two countries’ enduring strategic partnership. The agreement was signed between the Ministries of Investment of the UAE and...

The company's revenues increased by 3.3 percent to $3.64 billion.