NMDC Energy delivered a 145% year-on-year increase in net profit for the three months ending 30 September 2024, from AED 164 million to AED 402 million, driven by strong operational performance and …
Cox’s Spain IPO Expected in November as Company Awaits Regulatory Nod
Cox Abg Group SA expects to price its initial public offering next month, as it awaits approval from the Spanish securities regulator to launch the share sale, according to people familiar with the …
Dubai’s aviation sector to contribute $53bln to GDP by 2030
Additionally, aviation-facilitated tourism is expected to contribute AED 63 billion in 2030 (10% of Dubai’s GDP). Jobs generated in the sector is set to grow to 816,000, making up one-quarter of all …
Dubai: Billionaire nearly lost huge amount of money after staff gets call from ‘AI clone’
While 75 per cent of UAE employees believed they could identify a deepfake, only 37 per cent were able to identify real and AI-generated images during an experiment …
Dubai and Abu Dhabi race to lure world’s wealth managers
Abu Dhabi, Dubai vie for investor attention Abu Dhabi has gained … Both cities also work hard to boost tourism and property investment and for some Dubai, with a longer record of drawing …
UAE Property: ‘Can my landlord compel me to sign an agreement to vacate?’
Question: I renewed my tenancy contract on September 20. While signing the contract, the landlord, a real estate company, made me sign a document asking me to vacate the premises next year. I was …
Pearl partners with TotalEnergies to install solar power at 3 facilities in the UAE
Pearl Group, an international leader in polyurethane (PU) insulation solutions and other PU-based applications, has partnered with TotalEnergies to install solar photovoltaic (PV) systems at three of …
Vantiva, e& Deploy First eSIM-Powered 5G FWA Gateway in UAE
Vantiva announced it has been selected by longtime partner e& UAE to deploy a new 5G Fixed Wireless Access (FWA) gateway in the country. Featuring the region’s first eSIM installed on customer …
SandboxAQ optimistic about quantum AI in the UAE
SandboxAQ, the quantum technology company spun off from Google parent Alphabet, expects that large quantitative artificial intelligence models (LQMs) will enable the UAE to export its expertise in key …
Comprehensive Guide for VAT Registration & Filing in UAE
To register for VAT in UAE, businesses must complete the required documents. The process for VAT registration and fee submission will be done online. The following documents are required for VAT …
Three new restaurants opening in Abu Dhabi this month
The dining scene in Abu Dhabi is going from strength to strength, with a slew of new restaurants planned for the rest of the year. While the two venues at Surf Abu Dhabi are already open for business, …
Dubai Launches Month-Long Celeb for UAE Flag Day, Nat’l Day
Dubai is gearing up for a month-long celebration in honor of UAE Flag Day and the 53rd National Day, starting on November 3 and running through December 3. The event is a collaboration between 16 …
Lulu Retail Holdings IPO: Indian businessman Yusuff Ali-founded Lulu kicks off one of UAE’s biggest IPOs this year
Lulu Retail Holdings, a leading hypermarket chain in the Middle East, has initiated its IPO process, potentially the UAE’s largest this year. Scheduled between October 28 and November 5, the IPO aims …
NMDC Energy reports Dhs402m as Q3 net profit post IPO
NMDC Energy delivered a 145 per cent year-on-year increase in net profit for the three months ending 30 September 2024 …
UAE: Islamic treasury bonds attract Dhs7.20bn in bids at auction
The Islamic T-sukuk issuance programme plays a pivotal role in enhancing the UAE’s financial markets by contributing to the development of a UAE dirham-denominated yield curve …
Abu Dhabi Takes Top Spot for Internet Speed Worldwide
Abu Dhabi’s list of accolades just keeps getting longer! Known for being the safest and richest city globally, and one of the top places to work, the capital has recently added another feather to its …
David Heard, a pioneer of Abu Dhabi’s oil industry, passes away at 85
Heard’s career saw him rise to become a representative of Abu Dhabi Petroleum Company (ADPC) to the UAE government and later an advisor to the Supreme Petroleum Council (SPC).