Dubai-based investment bank Shuaa Capital has posted a drop in Q1 2022 net profit after writing down intangible assets worth 31 million dirhams ($8.4 million). Attributable net profit for the period …
Dubai Airports passenger traffic may reach pre-Covid levels earlier than expected, CEO says
“The Dubai government, I’m sure, in fullness of time will make a decision. And we will obviously embrace whatever decision that is with great enthusiasm,” he said. Asked if the company is ready for an …
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GFH first-quarter profit up 18.5% on higher investment banking income
Bahrain-based GFH Financial Group reported an 18.5 per cent rise in its first quarter net profit on the back of strong performance of its investment banking business. Net profit attributable to the …
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Shurooq to develop two luxury hospitality megaprojects in Sharjah
Shurooq will convert a 19th century family home into a 12-key wing of The Chedi Al Bait and develop 13 houses in the Najd Al Meqsar village. Shurooq to develop two luxury hospitality megaprojects in …
Abu Dhabi’s building retrofit programme to save up to 40% power consumption
Abu Dhabi’s Building Retrofit Programme to improve electricity and water efficiency of the existing buildings across the emirate will help save up to 40 percent of power consumption in some buildings, …
Abu Dhabi’s Taqa Q1 profit surges 37% on higher oil prices
Abu Dhabi National Energy Company, or Taqa as it is known, reported a 37 per cent surge in its first-quarter profit as revenue grew during the period on the back of higher oil prices. Net profit …
UAE’s TAQA posts $515mln Q1 profit, boosted by higher commodity prices
Utilities company Abu Dubai National Energy Company PJSC, which trades as TAQA, has announced a net profit of AED 1,89 billion ($515 million) for the first quarter of 2022, up from AED 1.43 billion in …
Juvenile offender calls for strong family bonds as part of Abu Dhabi Police’s awareness campaign
Image Credit: Supplied Abu Dhabi: A 17-year-old juvenile offender in Abu Dhabi has called upon parents and guardians to be more involved in the lives of children in order to better protect them.
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Abu Dhabi’s Mubadala reports strongest financial year
Mubadala invested Dhs125bn in 2021 in high-growth sectors including technology, life sciences and consumer goods.
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The Department of Culture and Tourism – Abu Dhabi Partners with Top Global Travel Service Provider Trip.com Group
Abu Dhabi (DCT Abu Dhabi) has signed a strategic partnership with Trip.com Group, a leading global travel servic …
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Abu Dhabi’s Fertiglobe more than doubles revenue to $1.2bln
Fertiglobe, a joint venture between Abu Dhabi National Oil Company (ADNOC) and chemicals maker OCI, has more than doubled its revenue just months into going public. The fertilizer …
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Abu Dhabi’s Mubadala lauds 2021 as strongest financial year in 20-year history
Abu Dhabi sovereign investor Mubadala Investment Company, has recorded Dhs122bn in total comprehensive income (TCI) attributable to the owner for the year 2021, compared to Dhs72bn in 2020. At year …
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CEPA a gamechanger in Indo-UAE relations, UAE to begin reducing tariffs on India’s goods by 90%
Dubai, May 12 (IANS): Implementation of a Comprehensive Economic … two countries and establish a solid foundation that will open new horizons between their business communities. The CEPA will also …
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Emirates inks MoU with Jafza to support SMEs in Dubai
Dubai carrier Emirates and Jebel Ali Free Zone (Jafza), have signed an MoU to explore joint cooperation and initiatives that are aimed at attracting more investments into Dubai by supporting new and …
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Abu Dhabi’s Al Bateen Executive Airport to shut runway for two months due to expansion works
The airport maintenance and expansion project will boost operational safety levels, enhance airport capabilities, and help accommodate larger aircrafts Abu Dhabi’s Al Bateen Executive Airport to shut …
Abu Dhabi’s non-oil foreign trade reached Dhs61.5bn in Q1 2022
The total value of Abu Dhabi’s non-oil foreign trade in the first quarter of 2022 amounted to Dhs61.522bn, a 15 per cent increase compared to Q1 2021. Exports recorded a growth of 35 per cent year on …
Abu Dhabi International Airport welcomed 2.56 million passengers in Q1 2022
Abu Dhabi International Airport (AUH) welcomed 2.56 million guests in the first quarter of 2022. According to passenger traffic results for Q1 2022 released by Abu Dhabi Airports, 2,563,297 passengers …