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Month: February 2023

Posted on 20/02/2023

DIFC achieves record 2022 growth amid Dubai’s continued economic recovery

The sharp growth supports Dubai’s D33 economic agenda objectives and was driven by the financial centre’s 2030 strategy aimed at doubling its contribution to the emirate’s economy by the end of the …

Posted on 20/02/2023

Etihad Etisalat Company successfully delivers the highest top- and bottom-line levels in the last 9 years

Mobily achieves remarkable growth of 5.6% in revenues and 54.6% in net income for the year 2022 compared to last year …

Posted on 20/02/2023

Ring launches the spotlight cam plus in UAE

Ring, whose mission is to make neighbourhoods safer, today announced spotlight cam plus, its next-generation spotlight cam featuring wide-angle 1080p HD vi..

Posted on 20/02/2023

Angel of Empire, Perriere jump into Kentucky Derby picture

Angel of Empire in Louisiana and Perriere in Japan won key Kentucky Derby weekend prep races, moving to the top of the list of contenders.

Posted on 20/02/2023

UAE: Cloud-seeding to help improve production of certain crops, tackle water scarcity

The country conducted 13 cloud-seeding missions within a week in January 2023 alone, which resulted in heavy downpours for a few days …

Posted on 20/02/2023

UAE, Saudi Arabia 3D printed buildings: The future of construction

The GCC has taken a step into the 3D printing industry, with various structures built using the technology across the region. 3D printed construction allows the creation of complex and intricate …

Posted on 20/02/2023

Dubai, Sharjah spearhead UAE’s expansion of water storage facilities

The country has introduced 3 plants over the past few years with capacities of 420 gallons per day, which is a 25% increase in terms of total installed capacity …

Posted on 20/02/2023

2022: Dubai’s DIFC registers highest revenue in history

The total number of new companies registered in DIFC also surpassed the annual milestone of 1,000 for the first time ever, with 2022 recording a total of 1,084 new firms. Meanwhil …

Posted on 20/02/2023

Dubai in Talks to Attract 50 Hedge Funds to Mideast Finance Hub

Dubai’s financial center is in talks with more than 50 hedge funds about setting up in the Middle East business hub after attracting industry heavyweights such as Millennium Management and ExodusPoint …

Posted on 20/02/2023

Dubai fintech growth takes DIFC to record AED1bn year

Dubai International Financial Centre has introduced more than 1,000 new companies and saw revenues of of over AED1bn for first time Dubai fintech growth takes DIFC to record AED1bn year DIFC, DIFC …

Posted on 20/02/2023

Al Maryah Community Bank opens its Smart Banking Hub in ADNOC Abu Dhabi

Al Maryah Community Bank, UAE’s first fully integrated Digital Bank offers an omnichannel experience to individual consumers and small businesses …

Posted on 20/02/2023

Mashreq brings social dimension to banking with launch of Neo Groups

Mashreq, one of the leading financial institutions in the Middle East and Africa region, has introduced Neo Groups, …

Posted on 20/02/2023

Russia sells weapons at Abu Dhabi arms fair amid Ukraine war

Russia offered weapons for sale on Monday at a biennial arms fair in the United Arab Emirates, ranging from Kalashnikov assault rifles to missile systems — despite facing sanctions from the West over …

Posted on 20/02/2023

Abu Dhabi Ship Building signs $1bn contract to supply corvettes to Angola

Provided by The National Abu Dhabi Ship Building manufactures corvettes, offshore patrol vessels and fast patrol boats for the UAE Navy and overseas customers. Charles Crowell …

Posted on 20/02/2023

ABU DHABI CONVENTION AND EXHIBITION BUREAU OPENS NEW REPRESENTATIVE OFFICE IN SOUTH KOREA

ADCEB will educate corporates, associations, event organisers, MICE agencies, and other industry stakeholders in South Korea about Abu Dhabi’s strong MICE proposition, highlighting it as a dynamic …

Posted on 20/02/2023

UAE Flights: Emirates’ New $135-Million Pilot Training Centre To Increase Training Capacity By 54%

Emirates will soon build an advanced training facility to accommodate 6 Full Flight Simulator Bays (FFS) for its future Airbus A350 and Boeing 777X …

Posted on 20/02/2023

UAE Jewish community opens the Moses Ben Maimon Synagogue

The words “amazing” and “historic” echoed throughout the synagogue, while long-time members of the UAE’s Jewish community reminisced about how far they had come, one of them telling JI how she used to …

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