Net profit for the year reached 257.39 million dirhams ($70 million), slightly down by 0.74% from AED259.3 million in 2022, according to the company’s preliminary results posted on the Dubai Financial …
Charting Trends: Wizz Air Abu Dhabi JV helps the LCC focus outside core European markets
More than three quarters of seats (79.9%) in the analysis week are provided by LCCs, with Wizz Air, the country’s largest airline, having a 58.2% capacity share; its rival Ryanair is ranked second, …
UAE: Pakistani father, daughter die in Sharjah fire due to suffocation
Faisal Tirmizi, Pakistan’s Ambassador to the UAE, said that Imran Khan and his family were living in Sharjah when the unfortunate incident happened. Khan’s wife and two children were admitted to the …
UAE ERP Market, Competition, Forecast & Opportunities, 2028
The “UAE ERP Market, Competition, Forecast & Opportunities, 2028” report has been added to ResearchAndMarkets.com’s offering.The UAE ERP Market is anticipated to grow at a steady CAGR during the …
Dubai Police Apprehends Main Suspect in Global Tax Fraud Case
Dubai Police, in collaboration with law enforcement agencies from 15 countries, has apprehended a key suspect involved in an international tax fraud scheme as part of ‘Operation Pitstop.’Read More: Du …
Dubai South records best performing year to date in 2023
Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, concluded 2023, its best performing year to date, the company said on Thursday. During 2023, …
VN, UAE speed up negotiation for comprehensive economic partnership agreement
The two countries have been expanding cooperation in many fields, notably with the launch of their negotiations for Vietnam-UAE CEPA.
Fintech in 2024 – Onward Growth or Waning Momentum?
Onward Growth or Waning Momentum? By Khofiz Shakhidi, Chairman, Alif Bank By all accounts, the rise of fintech can be considered a success story. Since its inception over a decade ago, financial …
Etihad Rail marks historic passenger journey from Abu Dhabi to Al Dhannah
For the first time ever, Etihad Rail carried passengers on its lines as marked an historic journey on Thursday …
Watch: UAE’s first passenger rail journey between Abu Dhabi and Al Dhannah
Etihad Rail operated its first rail journey that connects the cities of Abu Dhabi and Al Dhannah on Thursday. Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing …
ILT20: MI Emirates skittle out Abu Dhabi Knight Riders for 95 runs to record 9-wicket win
Through an enthralling display of bowling prowess, MI Emirates skittled out Abu Dhabi Knight Riders for 95 runs in 14.1 overs to record a resounding nine-wicket win in the sixth match of the ILT20 …
Bankrupt oil trader Lord Energy sues UAE and ADNOC in $2.8 bln fraud claim
Bankrupt oil firm Lord Energy and its owner Hazim Nada are suing the United Arab Emirates, its president, its state oil firm ADNOC, a Swiss investigative firm and others for $2.8 billion, alleging …
From $20mn to $2bn: Dubai Duty Free chief Colm McLoughlin wins Arabian Business lifetime achievement award
McLoughlin took Dubai Duty Free from a $20 million company in 1984 and brought its valuation up to $2 billion in a span of 25 years …
Dubai Police help bust alleged $43m tax fraud crime gang
Dubai Police support crimefighters from 15 countries in arrest of suspected international tax fraud crime gang members …
Dubai Police help law enforcement agencies from 15 nations arrest key suspect in €40m tax fraud
The operation led to the apprehension of several internationally wanted individuals. Dubai Police’s role in the operation included the arrest of an Italian suspect, who had travelled to the UAE from …
Dubai Police help arrest key suspect in Dh160-million tax fraud
A key suspect in a €40 million (Dh160 million) tax fraud was arrested with the help of Dubai Police. The suspect is a key figure in an organised crime syndicate involved in an extensive tax fraud …
UAE startup unveils floating structure for offshore PV
Floating Man, a floating structures specialist in Dubai, has introduced a novel structure for offshore floating solar applications. CEO Mehdi Honarvar told PV magazine that the company is currently …