Dubai, known as Venice of the Gulf, will soon have the world’s largest airport, its leader Sheikh Mohammed bin Rashid Al Maktoum has announ …
Dubai Financial Market Posts 171% Rise In Profit For First Quarter
The Dubai Financial Market on Monday announced that it posted a net profit of Dh95.6 million before tax for the first quarter of 2024, a rise of 171 …
India’s EV Push May Deepen Import Dependency On China: GTRI Report
This dwarfs imports from other major trade partners like Russia, UAE, USA and Saudi Arabia. As Indian industry embraces EVs, the report cautions that reliance on Chinese components and parts for this …
Ukraine and UAE Conclude Key Trade Pact to Enhance Bilateral Relations
Support independent journalism in Ukraine. Join us in this fight. Become a member Support us just once A significant bilateral trade pact has been completed by Ukraine and the United Arab Emirates, …
UAE, Ukraine clear CEPA terms to elevate non-oil foreign trade
The United Arab Emirates and Ukraine have finalised the terms of a Comprehensive Economic Partnership Agreement (CEPA) between the two nations, …
Ukraine finalizes trade agreement with UAE
Ukraine and the United Arab Emirates have finalized a bilateral trade agreement that lays the foundation for deepening investment and trade between the two countries, Ukraine’s Economy Ministry …
Alef hands over 819 residences at Sharjah mixed-use project
Alef Group, a leading real estate developer in Sharjah, has announced the handover of 819 residential units to customers at Al Mamsha, Souks’s zone. The Al Mamsha Souks project is the zone 1 of Al …
Emirates Development Bank Forum highlights role of strategic partnerships in Sharjah’s economic growth, diversification
In partnership with MoIAT’s “Make it in the Emirates” initiative, Emirates Development Bank (EDB), today hosted the highly anticipated Sharjah edition of EDB Connect at the Sharjah Research, …
Dubai Financial Market reports 171% increase in Q1 2024 net profit
DUBAI, 29th April, 2024 (WAM) — Dubai Financial Market (DFM) today announced its consolidated financial results for the first quarter of the year ending on 31st March 2024, posting a net profit …
National Bank of Fujairah net profit before tax rose 80.8% in Q1 2024
National Bank of Fujairah (NBF) announced on Monday that it recorded a year-on-year growth of 80.8 per cent in net profit before tax of Dh274.8 million in the first quarter of 2024 compared to Dh152.0 …
Editor of IMI-owned The National: FT wrong to call us UAE ‘mouthpiece’
Mina Al-Oraibi told Press Gazette criticism of the newsbrand’s ownership unfairly writes off its journalism, which she said “speaks for itself”. She noted it was shortlisted for International …
Inaugural DRIFTx: Flying taxis, autonomous cars, seagliders soon to be a reality in Abu Dhabi
Dhabi’s inaugural DRIFTx, an international platform and exhibition for smart, autonomous, and sustainable urban mobility applications across air, land, and sea, has concluded with the consensus that flying taxis,
Constructor Capital opens Abu Dhabi office
The Constructor Capital, a science-based VC fund investing in startups, in software and deep technology founded by entrepreneur Serg Bell, has set up operations in the Abu Dhabi. The fund is part of Constructor Group, a science, education, and technology ecosystem with its main offices in Singapore, Switzerland, Germany and now UAE.
UAE tourism sector set to boost GDP share to Dh236b in 2024
The buoyant tourism sector’s contribution to the UAE’s national economy is expected to rise to Dh236 billion in 2024, positioning the country right on track to achieve its goal of boosting tourism’s GDP share to Dh450 billion by 2031, according to …
UAE planning to tender for second nuclear power plant
Potential locations for the new nuclear facility include a coastal site near the Saudi border or an area close to the existing Barakah plant.
Dubai real estate: Samana launches $272m Production City lakeside development, homes start at $178,000
Dubai real estate developer Samana Developers has launched Samana Lake Views, a AED1bn ($272.2m) project in Dubai Production City. The residential complex, situated beside the lake in the neighbourhood, is part of Samana’s planned AED12.5bn ($3.4bn) investment into UAE real estate this year.
RTA announces dedicated bus lanes on key Dubai roads to cut travel times
The dedicated bus lanes are part of key global practices and successful transportation policies to encourage the use of public transport among residents and visitors; Upon completion, Dubai will have 20.