Revenue is due to demand for fixed, mobile services.

Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz, the US Navy said, the second such incident in less than a week. The tanker, Niovi, was sailing from Dubai towards Fujairah, another port in the UAE, when it was stopped by Iran's Islamic Revolutionary Guard Corps Navy.

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) has added 200 MW of clean energy from the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park ahead of schedule.  With this addition, the solar park's current production capacity is now at 2,327MW using photovoltaic solar panels and...

Dubai, UAE-- Seeking to take advantage of the boom in the Middle East's hospitality sector, Radisson Hotel Group will triple its presence in the region by 2030. The hotel group, running 52 hotels and resorts in the Middle East, is planning to have 150 properties in operation and under development...

Its consolidated revenues rise to US$3.53bn in Q1 of 2023.

Sharjah, UAE - The Sharjah Executive Council (SEC) approved Tuesday the "Genetic Coding Programme" project to classify biodiversity in Sharjah, the first of its kind in the region. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the SEC approved the program....

DUBAI, UAE- DIFC Academy announced a collaboration with PwC’s Academy to offer a globally recognized diploma program aimed at upskilling tax practitioners in the UAE. Under the deal, DIFC Academy will offer the UAE Corporate Tax Diploma Program in collaboration with PwC’s Academy, becoming the first institution alongside PwC’s Academy...

Al Jaber's call marked a public endorsement of a target laid out by the International Energy Agency. Last month at a closed-door meeting with G7 leaders in Japan, he had also raised the target. At the same time, he did not call for a complete end to the use of...

Abu Dhabi, UAE - Passenger traffic through the UAE's airports during the first quarter of 2023 increased by 56.3 percent compared to the same period in 2022, according to Saif Mohammed Al Suwaidi, Director-General of the General Civil Aviation Authority (GCAA). Approximately 31.86 million passengers passed through the UAE's airports...

Dubai, UAE-- The World Free Zones Organisation’s (World FZO) ninth Annual International Conference & Exhibition (AICE) will begun in Dubai from today. Held under the theme ‘Global Trade 2.0: Zones, An Ecosystem of Trust Driving Prosperity,’ this year’s two-day event reflects the organisation's commitment to facilitating the contribution of free...

Abu Dhabi, UAE - Abu Dhabi has been named the smartest city in the Middle East and North Africa (MENA) region for the third consecutive year, according to the IMD Smart City Index.  The study surveyed 120 residents in each of the 118 cities worldwide and evaluated infrastructure and digital...

SHARJAH, UAE -  Over 3.8 million passengers traveled through Sharjah Airport in the first quarter of 2023, recording a 28.01 per cent increase over the same period in 2022. The airport is expected to achieve even higher growth rates by the end of 2023.   The aircraft movement for the...

Dubai, UAE -- Container service providers in Dubai will now be required to declare their local sea container charges to the Dubai Maritime Authority through the Dubai Trade Single Window Portal. The requirement came into effect after DMA introduced Directive No 1 of 2023 on Transparency of Local Sea Container...

The share buyback is expected to enhance shareholder value.

ABU DHABI, UAE -  AD Ports Group has announced plans to expand its fleet by purchasing five bulk carriers and three crude oil tankers. These vessel acquisitions will follow the recently signed agreements as part of the Group’s strategic global expansion objectives to enhance the shipping division under AD Ports...

Abu Dhabi, UAE – AD Ports Group has announced its plans to expand its fleet with the acquisition of five bulk carriers and three crude oil tankers. The vessel purchases are part of the company's global expansion objectives to enhance its shipping division under the AD Ports Group's Maritime Cluster....

Rabat, Morocco-- Seeking to deepen its investments in Morocco, which stood at US$14 billion at the end of 2021, the UAE intends to widen the partnership with the kingdom over the next few years. In this regard, the two countries have agreed to double the volume of trade and investment...

Dubai, UAE - The UAE government has launched a comprehensive guide for the adoption of generative AI applications in the country.  The guide was issued by the Artificial Intelligence, Digital Economy and Remote Work Applications Office “to intensify research and efforts towards promoting the adoption of futuristic technologies in government...

Abu Dhabi, UAE--The emirate of Abu Dhabi is looking to draw some 24 million visitors by the end of 2023, six million more than it succeeded to attract last year. Ahead of Arabian Travel Market 2023, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced...

Despite significant rise in SMEs across GCC, there is still room for improvement in terms of governance, bringing in external shareholders, Rabih I. Khoury of MEVP tells TRENDS.

Rabat, Morocco - The UAE is keen to strengthen economic and trade relations with Morocco, in a way that enhances the establishment of new partnerships that serve their interests in vital sectors and consolidate the strength of bilateral relations, UAE's Minister of Economy Abdullah bin Touq Al Marri has said....

The agreement also provides for the creation of a cohesive relationship between the ministry's strategic priorities and training needs, as well as offering training programs that improve the personal abilities and skills of employees. This, in turn, contributes to increasing job satisfaction within the ministry.

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) affirmed its commitment to achieve the 'We the UAE 2031' vision to position the Emirates as one of the top 10 countries globally in the 'Human Development Index'. The 'We the UAE 2031' vision was launched by Sheikh Mohammed bin Rashid...

Suhail bin Mohammed Mazrouei, Minister of Energy and Infrastructure, said the UAE was keen to widen ties with Uzbekistan in sectors such as transport and infrastructure. He disclosed that companies such as Mubadala, masdar, and Taqa currently operating in the country have plans to increase their investments in the future.

LES SABLES-D'OLONNE PORT, FRANCE -  UAE-registered boat Bayanat has taken second place at the Golden Globe Race 2022 (GGR) after 236 days of sailing. Former Indian Navy officer Commander (Retd.) Abhilash Tomy sailed non-stop around the world on the boat sponsored by Abu Dhabi-based geospatial AI solutions provider Bayanat.  ...

DUBAI, UAE - Dubai’s Department of Economy and Tourism (DET) is likely to display the diversity of the Emirate's destination, offering sustainability platforms and highlighting new initiatives designed to boost the tourism industry during the 30th edition of Arabian Travel Market(ATM), local media reports said. This year’s ATM, from May...

SHARJAH, UAE- The 10th Annual Charity Marathon, expected to attract over 8,000 runners from all segments of society, is all set to commence on Sunday at 4 pm, local media reports said. The runners are likely to include students from schools and universities, members of sports clubs, patients from hospitals,...

The group's revenue doubled, reaching $0.87 billion.

Abu Dhabi, UAE-- Monarch Holding and Chinese company EHang Holdings have signed an agreement to establish the first facility in the Middle East and North Africa to manufacture and operate sustainable, electric-powered aircraft and drones for passengers and cargo transportation in Abu Dhabi. The cooperation aims to manufacture sustainable electric...

Abu Dhabi, UAE-- Looking to employ 5,000 UAE national by 2026, and designing a program to groom future banking and financial sector leaders, the UAE Banks Federation (UBF) approved the plans for 2023 presented by the board of directors at its Annual General Meeting (AGM). The AGM was chaired by...

The mission objectives included crucial tasks such as routing power cables and retrieving a Radio Frequency Group unit, contributing to the station's operational capabilities.

Pact involves investment of over US$272 million.

ABU DHABI, UAE - The UAE will participate in the Joint Annual Meeting of Arab Financial Institutions, which will be held Friday in Rabat, Morocco, to discuss means of overcoming the development challenges faced by the region. Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini will lead...

Dubai, UAE -- A total of 2,049 real estate transactions worth AED10.8 billion ($2.94 billion) were conducted during the week ending 28 April 2023, according to the Dubai Land Department (DLD). The DLD report said that 172 plots were sold for AED 1.58 billion, while apartment and villa sales stood...

While 82% firms are increasing investments in industrial automation and robotic process automation, 56% of them focus on enhancing employees' digital experiences at workplace.

Operating income increased by 51 percent year-on-year.

The total assets grew by 4% to reach AED 77.9bn ($21.21bn)

The UAE also eyes investment opportunities with Cambodia in logistics and infrastructure, travel and tourism projects, and renewable energy, reports said.

Dubai, UAE - DP World Limited, a global container terminal operator based in Dubai, has reported an increase in container volumes during the first quarter of 2023.  The company handled 19.5 million TEUs across its global portfolio, which is a 1.4 percent increase on a reported basis and a 3.7...

Dubai, UAE - Arabia Taxi, a subsidiary of Economic Group Holdings in the UAE, has signed an agreement with Tesla Motors to add 269 Model 3 cars to its Dubai taxi fleet.  This is part of a larger strategy by the Roads and Transport Authority in Dubai to convert all...

Abu Dhabi, UAE - A UAE delegation led by Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, visited Belgium, aiming to strengthen economic ties and promoting investment opportunities with Brussels and the wider European Union (EU). The delegation discussed growing trade relations with Vladis Dombrovskis, European Commissioner...

The bank's operating profit rose by 35.7 percent compared with Q1 2022.

New Delhi, India--India is looking to connect its power grid with Saudi Arabia and the UAE by way of undersea cables, according to Indian media, citing Union Minister for Power and Renewable Energy Raj Kumar Singh.  The media reports said that India will sign bilateral agreements with Saudi Arabia and...

Dubai, UAE— Dubai Electricity and Water Authority (DEWA) and Xanadu, a Canadian quantum computing company, are considering strategic cooperation in order to develop solutions for enhancing the reliability of energy systems. In this regard, Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), met with...

Despite the unsuccessful lunar landing of HAKUTO-R Mission 1, the Mohammed Bin Rashid Space Centre (MBRSC) remains optimistic about future space endeavors.

The Gulf country has introduced several initiatives to support and promote international economic partnerships, including the comprehensive economic partnership agreements (CEPA) program and the global investment platform 'Investopia', he adds on the sidelines of the 13th edition of City Week Forum 2023 in London.

While 67 deals totaling $247 million in funding were reported in March 2023, the total capital raised in Q1 2023 surpassed US$ 1.1 billion, marking a 17% rise over the last quarter.

Abu Dhabi, UAE – Yas Island Abu Dhabi, the country’s leisure and entertainment destination, appoints Jason Momoa to be the destination’s newest Chief Island Officer.  American actor Momoa assumes the former role of stand-up comedian Kevin Hart who announced the end of his reign as Chief Island Officer earlier this...

The UAE-made Rashid Rover aboard the Hakuto Mission 1 Lunar lander was nearing its destination on the Moon when the team on the ground lost contact with the spacecraft. The lunar lander was expected to touch down at 8:40 PM UAE time, but ispace said it was unable to verify...

NEW YORK, US - UAE Minister of State Khalifa Shaheen Al Marar urged United Nations Security Council members to peacefully resolve conflicts by promoting dialogue and cooperation between states. Al Marar said at the UNSC,  "Our sustained commitment to effective multilateralism, grounded in international law and the principles of the...