UAE-based Aldar Properties reported a 62% jump in its quarterly profit as property sales surged. Abu Dhabi’s biggest listed developer said it made a Q2-2022 net profit of AED841 million ($229 million) …
Abu Dhabi University: The institution of choice for students from across the region
Abu Dhabi University is the largest private university in the UAE and is committed to becoming the institution of choice for students across all emirates and more widely in the region. With five …
Khabib Nurmagomedov has ‘goosebumps’ for UFC 280 Abu Dhabi, predicts early Makhachev win
Khabib Nurmagomedov says he has “goosebumps” waiting for Islam Makhachev’s lightweight title bout against Charles Oliveira in Abu Dhabi, warning the doubters to “prepare your excuses” ahead of his …
Heavy rains in UAE: Hotels offer stranded residents free shelter after road networks damaged
Hotels in rain-affected areas of the UAE have been accommodating stranded residents after torrential showers hit several parts of the country. The Address Palace Beach Resort Fujairah has confirmed …
UAE will continue to champion peace, stability in Middle East and world – Mohamed bin Zayed
President of the United Arab Emirates Sheikh Mohamed bin Zayed al-Nahyan has said his nation will continue to be a champion for peace and stability in the Middle East region and the entire world, by …
Heavy rains in UAE: Dubai-Fujairah bus service suspended amid floods
Public bus trips to Fujairah have been suspended until 12.30pm on Thursday, according to Dubai’s Roads and Transport Authority (RTA).This comes after the national meteorological office issued a red …
Viral UAE video: Talabat rider praised for removing concrete blocks from busy road
Talabat has hailed one of their riders after a video of him removing a concrete block from a busy street became viral. In the video that has been shared several times on social media, Pakistani …
VIDEO: UAE issues weather alert, motorists urged to be cautious
The Ministry of Interior called on motorists to be cautious while driving due to the unstable weather conditions.
Bahrain: LTE system communications network expansion
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more …
Abu Dhabi’s Aldar Properties posts 54% jump in Q2 profit
DUBAI, July 28 (Reuters) – Aldar Properties, the builder of Abu Dhabi’s Formula One motor racing circuit, reported a 54% rise in second-quarter profit on Thursday, helped by record sales on strong …
ADNOC joint venture Borouge hits $3.46b in H1-22 revenues – and shareholders eye $975m in dividends
Dubai: Abu Dhabi’s ADNOC JV Borouge has seen first-half 2022 revenues hit $3.46 billion from a 16.4 per cent increase, helped by steadily improving prices for petrochemical products. In fact, Borouge …
( read original story …)
Watch: Khor Fakkan’s Al Suhub Rest Area shut due to bad weather; family rescued by Civil Defence
Khor Fakkan’s Area, known as Cloud Lounge, has been closed temporarily due to unstable weather conditions. Sharjah Roads and Transport Authority took to social media to announce the closure “until …
First Abu Dhabi Bank posts 50% jump in H1 2022 net profit as core businesses improve
Net profit during the period reached AED8 billion ($2.17 billion), up by 50% compared to the same period last year. For the second quarter of the year, total net profit stood at AED2.9 billion, …
Watch: Abu Dhabi fines motorists for 105,300 instances of distracted driving
The Abu Dhabi Police has issued 105,300 fines in the first six months of 2022 for distracted driving, which included fines for motorists using handheld devices while driving. The offence, which is …
Abu Dhabi’s Aldar Properties buys four towers from Mubadala for $1.17bln
In one of the biggest property deals in the region, UAE developer Aldar Properties has signed an agreement with state investor Mubadala Investment Co. to acquire four commercial towers in Abu Dhabi …
Abu Dhabi mega-bank FAB unveils blockbuster Dh8b net profit for H1-2022
Dubai: Abu Dhabi mega-bank FAB’s net profit for the first six months of 2022 totals a massive Dh8 billion – and that comes from a 50 per cent increase year-on-year. “Despite heightened global market …
Abu Dhabi Developer Buys Towers Worth $1.2 Billion From Mubadala
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergRockstar Games Cleaned Up Its Frat-Boy Culture — and Grand Theft Auto, TooFed Hikes 75 …