Abu Dhabi-headquartered developer Aldar Properties reported a 39% rise in fourth-quarter profit on Friday, supported by higher sales. Net profit rose to 1.4 billion dirhams (about $381 million), …
UAE’s EDGE inks pact with Turkish Aerospace Industries on advanced airborne-domain projects
The UAE’s leading defence group EDGE signed a Memorandum of Understanding (MoU) with Turkish Aerospace, a prominent Turkey-based defence technology company, to work together on several …
Dubai’s non-oil economic activity remained robust in January
Business activity in Dubai’s non-oil private sector economy grew at a robust pace in January, albeit at a slower rate compared with the previous month, as demand remained strong and new orders rose.
UAE’s Aldar sees Q4 2023 profit rise 39% to $381mln on record property sales
Abu Dhabi-listed Aldar Properties said net profit grew 39% year-on-year (YoY) to 1.4 billion UAE dirhams ($381.16 million) in the fourth quarter of 2023 after quarterly property sales reached a new …
UAE’s first battery recycling plant to power circular economy
Dubatt’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai Industrial City …
Iranian Hackers Interrupt UAE Broadcasts With Deepfake News
Beyond the UAE, the disruption also reached audiences in the United … The incidents identified by Microsoft also highlight broader concerns from technology experts about how AI can be used to …
Camb.ai expects Dubai to become the world’s ‘dubbing capital’ as it eyes news segment
Camb.ai, the Dubai-based live translation and dubbing start-up, expects the emirate to become the “dubbing capital” of the world, banking on the potential of generative artificial intelligence and …
UAE Corporate Tax: Businesses need to maintain strict tabs on entertainment expenses
UAE’s VAT laws have similar restrictions on recovering input credit on entertainment services, which includes food and drinks not provided in the normal course of a meeting. The Federal Tax …
More UAE free zones will require Wage Protection System for companies – DMCC, JAFZA already do
It was in 2023 that the Dubai free zone made it known that WPS was a must. Image Credit: Supplied Dubai: More free zones in the country are moving to implement the UAE Wage Protection System (WPS …
More Indian asset managers shift overseas business to GIFT City
Several Indian asset managers said they are moving, or planning to move, some offshore fund business from financial centres such as Dubai and Singapore to a finance hub in the western state of Gujarat …
Dubai businesses rush to lock in orders, delivery times as Red Sea shipping turmoil continues
Dubai PMI for January The headline PMI (Purchasing Managers … and indicates a ‘sharp improvement in operating conditions’, says S&P Global. The PMI score is built on business spending patterns, …
UAE banks set for another year of strong profitability, S&P says
Banks in the UAE are well placed to continue posting strong earnings this year, capitalising on an improving macroeconomic environment and consistently high interest-rate regime supporting their …
Program and Speakers Revealed for Sharjah Art Foundation’s March Meeting 2024
Sharjah Art Foundation has revealed program details for the 2024 edition of its annual convening, March Meeting. Learn about the speakers, and see how to take part.
Dubai’s non-oil businesses expanded in January, but at a slower pace due to Red Sea concerns
Business activity in Dubai’s non-oil private sector economy continued to expand in January, albeit at a slower pace, and outlook on future dimmed somewhat amid increased concerns of competition and …
EarthDaily Analytics’ SaaS EarthPipeline Rapidly Produces First Light Image with Nara Space’s Observer Satellite
EDA’s AI-driven EarthPipeline, the world’s first SaaS ground segment, accelerates Nara Space’s go-to-market by facilitating the production of an orthorectified first light image from their Observer-1A …
UAE: Salik shareholders reap benefits, share concerns
Dean Fernandes was one of the first people to sign up for the initial public offering (IPO) of Dubai’s road toll-operator Salik when it was announced in 20..
The best family hotels in Dubai for a fuss-free holiday
Dubai is designed to keep children enthralled. Its family-friendly hotels feature mini check-in desks, crèches and kids’ clubs, dedicated children’s menus and restaurants without curfews for …