The group's EBITDA also rose by 33 percent YoY.

Dubai, UAE-- The UAE's Ministry of Climate Change and Environment has issued a decree on the use and distribution of hydrofluorocarbons (HFCs) in order to control their circulation and emission into the air. The decree aligns with the UAE's preparations to host the 28th Conference of the Parties to the...

Dubai, UAE -- Dubai real estate market has recorded deals worth AED 2 billion ($544 million) on Monday, Dubai Land Department said. The deals include 638 sales transactions worth AED 1.79 billion, in addition to 116 mortgage deals of AED188.46 million, and 17 gift deals amounting to AED 29.45 million....

The United Arab Emirates has invited Syrian President Bashar al-Assad to attend the UN climate summit in Dubai later this year, Syrian state media said. Assad's first invitation to a global summit since the start of Syria's war in 2011 comes as the Arab world warms to Damascus after a...

ABU DHABI, UAE - First Abu Dhabi Bank (FAB) is hosting a one-day summit that brings together aviation thought leaders and industry stakeholders to explore economic development opportunities as the sector transitions to net-zero. The Aviation Sector Summit, held in collaboration with Boston Consulting Group (BCG), consist of talks, panel...

DUBAI, UAE -  Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 76th meeting of DSCE which was held virtually in the presence of Saeed Mohammed Al Tayer, Vice Chairman of the Council. Saeed Mohammed Al Tayer, also the MD and CEO Dubai...

Leveraging DMCC’s strong regulatory framework and reputation within Indian business circles, the office will provide a one-stop solution for Indian businesses looking to expand through Dubai and help them establish a presence in DMCC.

The oil-rich kingdom has supported private institutions targeting startups to further boost investment in non-oil sectors.

Dubai, UAE-- Oman and Etihad Rail Company, the operator of the UAE-Oman Rail Network, has signed a memorandum of understanding (MoU) with Vale, the Brazilian mining giant, to look at the possibility of using the rail network in the transportation of iron ore. The MoU was signed by Ahmed al...

Oil alone will make up almost 29 percent of the world’s energy needs by 2045, requiring an investment of over $500 billion each year to maintain a steady supply, Al Ghais said.

ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor Market Award, organized under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court. The award aims to recognize the...

DUBAI, UAE -  The Gem and Jewelry Export Promotion Council (GJEPC) has launched a first-of-its-kind India Jewelry Exposition Center (IJEX) here during a special event to commemorate the first anniversary of the UAE-India Comprehensive Economic Partnership Agreement. Announced during the CEPA Beyond Trade celebration, IJEX will provide a platform for...

Dubai, UAE - Dubai has given a boost to its beach tourism by opening three new beaches for night swimming in Jumeirah 2, Jumeirah 3 and Umm Suqeim 1. The 800-metre-long night-swimming beaches feature lighting systems, which enable residents and tourists to swim around the clock, and electronic screens that...

He continued his predecessor's remarkable legacy until his own passing on May 13, 2022. Under his leadership, the UAE flourished, becoming the second-largest economy in the Arab world and the first Arab and Islamic nation to successfully reach Mars, among numerous other notable achievements across various domains.

Tehran, Iran--Iran's trade with six Arab states has vaulted to $35.11 billion in the fiscal year of 2022-2023, according to the latest data released by the Islamic Republic. According to Iran Customs Administration, the Islamic Republic traded 58.25 million tons of goods (excluding crude oil exports) worth $35.11 billion with...

The emirate's luxury home sales surged to $1.63 billion in Q1 2023, as affluent buyers acquired 88 units exceeding $10 million, signaling a sustained rise in prime property sales amid broader economic rebound.

ABU DHABI, UAE - Emirates Development Bank (EDB) displayed its flexible and customized financing solutions in the Annual Investment Meeting, held at ADNEC here, local media reports said. The two-day event served as a platform for networking and connecting with experts, investors, companies, and SMEs. EDB's CEO, Ahmed Mohamed Al...

ABU DHABI, UAE- Oman and Etihad Rail Company signed an agreement with Vale, one of the world’s largest mining companies, to explore utilizing rail to transport iron ore and its derivatives between Oman and the UAE. It is likely to connect Vale’s industrial complex in Sohar Port and Freezone to...

DUBAI, UAE - The UAE presented its legislative ecosystem - which regulates the local labor market, provides social security and ensures decent social security to workers - the UN’s Human Rights Council (HRC). Several UAE federal, local government entities and civil society organizations were part of the delegation for the...

The profit rose to US$22mn on the back of higher revenue.

The Group's income also saw an increase of 34 percent.

Its profit vaulted to US$150 million in Q1 of 2023

Baroux also commends the UAE as the most promising market for French exports in the region, with over 600 French companies operating in the country, employing nearly 30,000 people. France stands as the UAE's fourth-largest economic partner within the EU, ranking third for imports and sixth for non-oil exports from...

GCC countries are investing in infrastructure and programs to become leading tourist destinations. With strategic locations, excellent connectivity, iconic attractions like the tallest building, and a commitment to eco-friendly tourism, they are poised for success in attracting visitors from around the world.

DUBAI, UAE - Dubai Chambers has hosted a workshop for commercial attachés of EU Diplomatic Missions to provide them with an overview and key highlights of the UAE's Corporate Tax Law. The workshop, organized  in collaboration with Al Tamimi & Company Law Firm, brought together 13 officials representing the commercial...

Tabreed's total connected capacity rose to 1.276 million RT.

DUBAI, UAE -  The UAE has topped several global labor market indices issued by international entities and institutions in a new accomplishment that reflects UAE’s pioneering global model for development. The UAE ranked first globally in the Talent Attractiveness Index as per the Global Prosperity Index 2023, issued by the...

Dubai, UAE -- A total of 3,112 real estate and property transactions, valued at AED 9.4 billion ($2.55 billion), were conducted during the week ending May 12, according to figures released by the Dubai Land Department (DLD). The DLD weekly real estate report noted that 170 plots were sold for...

Dubai, UAE -- UAE President Sheikh Mohamed bin Zayed Al Nahyan has discussed the longstanding strategic partnership between the UAE and France with French President Emmanuel Macron in Paris. They also explored opportunities to further expand bilateral cooperation across various sectors, WAM reported. Macon affirmed the commitment to further strengthening...

The firm recorded a net profit of $873 million.

ABU DHABI, UAE - Masdar has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a major international knowledge project setting out the means to triple global renewable energy capacity by 2030. During the UAE Climate Tech Forum in Abu Dhabi, Mohamed Jameel Al Ramahi, CEO...

ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S) announced on Thursday it has signed an agreement with SeaOwl for the design of unmanned Remotely Operated Vessels (ROV). The ROVs are capable of transporting vehicles, equipment and supplies to and from offshore sites, reports say. The innovative design of...

Aramex said revenue was impacted by currency fluctuations, etc.

As per pact, e& is a cornerstone shareholder of Vodafone.

The group declared a dividend of $1.2 billion to its owner.

Dubai, UAE: The economic potential of the Middle East-China trade corridor was the focus of discussion at an exclusive International Connections briefing organised by HSBC and the UAE China Business Council, for Chinese businesses and clients based in the UAE. HSBC hosted Chinese ambassador to the UAE Zhang Yiming and...

The company's revenue for the quarter was $5.2 billion.

Abu Dhabi, UAE-- The UAE's gross domestic product (GDP) is estimated to have grown 7.6 percent in 2022, shored up by economic activity across all sectors. The conclusion was made in an annual report released by the Central Bank of the United Arab Emirates (CBUAE), which said that the UAE's...

Revenue increased to $33.21 million, up 16 percent.

Abu Dhabi, UAE - ADNOC and Baker Hughes announced Wednesday a deal to accelerate the development and commercialization of technology solutions for green and low-carbon hydrogen, as well as graphene. The agreement will see ADNOC collaborate with Baker Hughes as a strategic partner to study and pilot, the deployment of...

Dubai, UAE -- The UAE had become a center for foreign investments, leading Arab, regional and global rankings in attracting investments, said Dr. Khaled Hanafi, Secretary-General of the Union of Arab Chambers on the on the sidelines of the Annual Investment Meeting (AIM) 2023. Hanafi stressed that business owners in...

Dubai, UAE - A delegation of Palestinian business executives including 21 start-up representatives visited Dubai Chamber of Digital Economy. It is the first-ever business meeting between Dubai and Palestine, with the delegation involved in 237 meetings, one of the highest ever. Participants at the event included Hashim Shawa, Chairman of...

Abu Dhabi, UAE -- The UAE Ministry of Finance has issued a decision on conditions under which a "person may continue or cease to be deemed an exempt person,”. An official statement said the decision clarifies rules to ensure that businesses remain eligible for a corporate tax exemption if they...

The firm's net profit soared to US$27.14mn in Q1 of 2023.

Abu Dhabi, UAE -- ADNOC has announced its intention to float a 15 percent minority stake in ADNOC Logistics & Services  on the Abu Dhabi Securities Exchange (ADX). The offering is expected to open on May 16, 2023, subject to regulatory approvals and other relevant considerations. ADNOC L&S is a...

Abu Dhabi, UAE -  The UAE is growing the number of Electric Vehicle (EV) charging stations from 500 to 800 in the next few years.  This was stated by the country’s Minister of Energy and Infrastructure, Suhail bin Mohammed Al Mazrouei,  on the sidelines of the ongoing World Utilities Conference...

Saudi Arabia remains the largest projects market in the GCC as the total value of contracts awarded increases by 54.7 percent YoY during Q1-2023 to US$29.9bn, says a latest report.

Seeking to widen its foreign trade and grow national economy, the UAE has signed Comprehensive Economic Partnership Agreement (CEPA) negotiations with Thailand. The UAE has already signed several such agreements with many countries, and signing the deal with Thailand is part of that endeavor. The first round of talks will...

The company posted Q1 revenue of US$299 million.

The company posted Q1 revenue of US$694 million.