The month of June witnessed a 34 per cent increase in terms of volume and a 24.8 per cent increase in terms of value compared to May 2022 …
Abu Dhabi-based Alpha Dhabi announces net profit of Dhs7.9bn in H1 2022
Alpha Dhabi Holding achieved revenues of Dhs17.1bn, up considerably year-on-year from Dhs5.5bn for the same period last year.
UAE, Kenya to commence talks over comprehensive economic partnership
ABU DHABI – Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Betty Maina, Cabinet Secretary, Ministry of Industrialisation, Trade and Enterprise Development of Kenya, signed a …
Hijri New Year: Free parking announced in Sharjah for Islamic New Year
Sharjah Municipality has announced that public parking will be free of charge on the 1st of Muharram on account of the Islamic Hijri New Year. Sharjah: Sharjah Municipality has announced that public …
Abu Dhabi realty deals hit Dhs22.51b as UAE firm announces sales day
During the first six months of this year, “Reportage Properties” organised 4 successful sales events, during which the sales team managed to sell 197 housing units, with a total value of Dhs179 …
Enhance Ventures launches $30m fund to invest in FinTech and commerce in Middle East
Enhance Ventures, a regional venture studio, has launched a $30 million Builders Fund to invest in new initiatives in the areas of finance technology and commerce in the Middle East. Through the fund, …
UAE-Nigeria Expands Bilateral Economic Cooperation
The United Arab Emirates has hosted the first UAE-Nigeria Joint Committee meeting during when both sides discussed political and economic cooperation, …
Sharjah eco body honours participants of programme
The Environment and Protected Areas Authority (EPAA) in Sharjah honoured participants and families in the fifth edition of its ‘Together For a More Beautiful Summer’ programme. The 11-day programme …
UAE: Man to pay Dh500,000 compensation for seizing company profits
A businessman has been ordered to pay Dh500,000 in compensation to his partner for seizing profits of the company and illegally selling shares. The accused and his business partner had equal shares in …
UAE to see increased demand for BNPL services
Online shoppers increasingly opting for Buy Now Pay Later (BNPL) services when purchasing various products and services …
Dubai’s Aleph Hospitality signs third hotel In Uganda
Aleph Hospitality, a leading Dubai-based independent hotel management company, has solidified its presence in Uganda by taking over management of the Best Western Plus The Athena Hotel in Kampala …
UAE: Aldar to buy 4 commercial towers in Abu Dhabi Global Market for Dh4.3 billion
Aldar Properties PJSC (“Aldar”) has signed an agreement with Mubadala Investment Company to acquire four prime Grade A commercial towers in Abu Dhabi Global Market (ADGM), the international financial …
Abu Dhabi’s Aldar Properties posts 54% jump in Q2 profit
DUBAI, July 28 (Reuters) – Aldar Properties, the builder of Abu Dhabi’s Formula One motor racing circuit, reported a 54% rise in second-quarter profit on Thursday, helped by record sales on strong …
Let’s Play: Why Dubai Is Well-Positioned To Deliver The MENA Its Own Gaming Industry
Considering that Dubai Economy predicts the GCC’s gaming industry to increase from $1.3 billion in 2019 to $4.5 billion in 2025, the opportunities for global and regional game developers is incredible …
‘Standing still’ is the biggest risk to the UAE’s most wealthy: Report
After a decade of fast growth, UAE wealth is anticipated to grow by 6.7 percent, hitting $1 trillion by 2026 ‘Standing still’ is the biggest risk to the UAE’s most wealthy: Report Cryptocurrency, GCC, …
ADNOC stays in-house for Hail and Ghasha contracts
Both gas fields are situated in the Ghasha concession, described by ADNOC as the world’s largest offshore sour gas development. Ghasha is regarded as a key component of the ADNOC integrated gas …
An overview of the Middle East fintech landscape
The Middle East has seen an influx of fintech startups, new funding and increased support for existing and new ventures …