State-owned developers Nakheel and Meydan are to become part of Dubai Holding, according to the emirate’s ruler Sheikh Mohammed bin Rashid al Maktoum. Sheikh Mohammed has directed the inclusion of …
Revenue Growth, Service Expansion Raise Profits of Saudi Telecom Companies in 2023
Telecommunications companies listed on the Saudi Stock Exchange (Tadawul) achieved a 16.8 percent growth in their net profits by the end of 2023, bringing their profits to SAR 16.8 billion ($4.5 …
Abu Dhabi Crown Prince visits Supreme Council for motherhood, childhood to mark Emirati Children’s Day
Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has visited the Supreme Council for Motherhood and Childhood in Abu Dhabi to mark …
UAE cryptocurrency investors realised gains worth $204m in 2023
Investors in the UAE realised capital gains worth $204 million from their cryptocurrency investments last year, according to a new report by blockchain data company Chainalysis.The global …
Dubai ruler Sheikh Mohammed announces Nakheel, Meydan to merge under Dubai Holding
Dubai Holding will acquire property developers Nakheel and Meydan Company under directives from Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. The decision …
Here’s why the GCC IPO bonanza is here to stay
The GCC is set to see more equity capital markets activity in 2024 as more companies are considering going public amid a global slowdown.
Ministry Of Finance Publishes Preliminary Results Of UAE Government Finance Statistics For Q4 2023
Government revenues reach AED155.9 billion, whereas expenditures amount to AED131.3 billion
UAE Food Bank launches move to distribute 5m meals in Ramadan
The initiative is held under the directives and supervision of Her Highness Sheikha Hind Bint Maktoum Bin Juma Al Maktoum, Chairperson of the UAE Food Bank.
UAE-US Non-oil Trade Reaches $31.4 Billion in 2023
Danny E. Sebright, President of the US-UAE Business Council, said that the volume of non-oil trade between the UAE and the United States reached $31.4 billion in 2023, and is expected to continue …
Why The U.S. Just Invested $500 Million Into A Foreign Country’s Oil Company
Bahrain’s crude output is small compared to the U.S. or neighboring Saudi Arabia, with which it shares one of its main offshore oil fields … at last year’s United Nations climate summit in Dubai, to …
The Scottish presence in Dubai is making a difference – Jeremy Grant
For the first-time visitor to Dubai, a ride on the elevated metro that runs parallel to Sheikh Zayed Road, one of the Emirate’s main road arteries, is eye-opening.
Ramadan in Dubai: Where to see fireworks, music and markets
Dubai is hosting Ramadan firework displays, musical performances and night markets to celebrate the Holy Month. The light shows, firework displays, Ramadan-themed music performances, and more are part …
US-Bangla Launching Flights To Abu Dhabi From April 19
US-Bangla Airlines, country’s biggest private carrier, will be launching daily flights on Dhaka/Chattogram-Abu Dhabi route from April 19, 20 …
Dubai real estate: Should you invest in a villa, townhouse or apartment in 2024? Experts weigh in
Experts say that while Dubai villas and townhouses saw strong demand during the pandemic due to more space needs, apartments may now offer better investment opportunities and potential for price gains …
‘Fly Jinnah’ to expand services between Lahore and Sharjah
LAHORE: Fly Jinnah, a local airline, announced on Friday to expand its services between Lahore and Sharjah, the United Arab Emirates, by increasing the frequency of its nonstop flights from April 8.
UAE-backed Telegraph takeover group weighs up selling stake as ban looms
Potential move by RedBird IMI follows UK government plan to ban foreign state ownership of newspapers …
UAE-US non-oil trade reached 31.4 billion dollars in 2023
Danny E Sebright President of the US-UAE Business Council said that the volume of non-oil trade between the UAE and the United States reached USD 314 billion …