Abu Dhabi Islamic Bank on Tuesday reported a growth in net profit of 45 per cent for 2023 to Dh5.25 billion from Dh3.62 billion in 2022. Net profit for Q4 2023 reached Dh1.5 billion with 29 per cent …
Food flight: Abu Dhabi firms team up to launch ‘perishable air corridor’ to develop trade routes
Three Abu Dhabi firms will team up to create a ‘perishable air corridor’ to boost the sale and transportation of food stuffs in the UAE and around the world.
First look at Abu Dhabi’s luxurious Al Bateen Ladies Club
Dubai’s boutique padel and community venue Matcha Club has opened Al Bateen Ladies Club, a luxury lifestyle hub in Abu Dhabi.Perched on the shores of Al Bateen beach that overlooks Hudayriyat Island, …
Uganda in talks with UAE investment firm over planned oil refinery
Uganda is negotiating with an investment company led by a member of Dubai’s royal family to develop a planned $4 billion refinery for some of its crude oil, its energy minister said on Tuesday.
UAE leads GCC in IPO proceeds of $6.07b in 2023
The UAE continued its domination in terms of initial public listing proceeds in the GCC in 2023, accounting for almost 56.3 per cent of the region’s total issuance proceeds.The UAE repeated its …
Brit granddad ARRESTED in Dubai after making noise complaint to rowdy neighbours ‘who threw drink over him & grandchild’
A BRITISH grandad has been arrested in Dubai after making a noise complaint and having a drink thrown over him. Pensioner, Ian Mackeller had tried to quieten his daughter’s rowdy neighbours as they …
Dubai to host family office roundtable
Dubai, the hub of financial innovation, will host the Family Office Roundtable (FORT) Global, curated by the Sovereign Wealth Fund Institute (SWFI). The ev..
UAE real estate: Property market flourishes amid global challenges, says new JLL report
The residential sector in Dubai witnessed remarkable growth in transactions in both primary and secondary markets in 2023 …
Oppo Reno 11F 5G and Realme Note 50 arrive on UAE’s TDRA
Oppo is preparing to launch the third smartphone in the Reno 11 Series. With the launch of the Reno 11 5G and Reno 11 Pro 5G in Indonesia, speculations for the Reno 11F 5G launch are quite rife.
Iraq: UAE’s Masdar plans to build solar power facility
Iraq advances renewable goals with 7.5 GW solar contracts and funding for four key projects, targeting one-third renewable electricity by 2025.. Iraq: UAE’s Masdar plans to build solar power facility.
BNP Paribas, Merrill Lynch and MSCI Former Executive Joins Fintech Premialab
Premialab announces the appointment of Philippe Jacson as Head of Business Development in Asia & Middle East. Based in Dubai, Mr. Jacson will lead the business development in this key market segment.
UAE: Sharjah’s 12 iconic landmarks to be illuminated for Light Festival; dates, locations announced
Sharjah’s 12 iconic landmarks will be illuminated during the 13th Sharjah Light Festival (SLF), which is set to commence from February 7 to 18. The festival will feature more than 15 spectacular light …
Sharjah Ruler witnesses signing of MoU between Shurooq and SAIT
H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, Tuesday witnessed the signing of a memorandum of understanding (MoU) between the Sharjah Investment and …
UAE’s real estate posts robust growth in 2023, says expert
In Q4 2023, a 15% year-on-year increase elevated average Grade A rents within Dubai’s Central Business District (CBD) to AED2,425 per sq. m. per annum, setting a new market record. Leasing activity …
SAP appoints new Managing Director for UAE
Marwan Zeineddine, Managing Director, UAE, SAP SAP has appointed Marwan Zeineddine as the new Managing Director for its UAE operations. With more than 24 years of technology and digital experience and …
Sharjah to roll out faster electric vehicle charging stations
Hundreds of new points will be installed closer together along highways and in urban areas Sharjah: To make it easy for people to switch to electric vehicles (EVs), Sharjah plans to set up chargers at …
Aldar unveils new luxury residential community Sama Yas in Abu Dhabi
The community is designed to offer a park-like living experience and will feature 234 homes surrounded by a park …