Employees who sign up can either receive financial benefits after the end of their employment contract or continue investing in the end-of-service scheme
The SPAC raised Dhs1.1bn of growth capital, including Dhs734m from the previously announced PIPE transaction
The IPO pipeline will be driven by Saudi Arabia, where 27 companies have announced their intention to list on the Tadawul
AD Ports’ acquisition signifies an increase of around 20 per cent in offshore and subsea capacity for the group, boosting Middle East and Southeast Asia operations
The company reported a 12.7 per year-on-year increase in profit to Dhs205.6m, with the faster rate of growth relative to revenue
Net profit declined to $32.6bn for the quarter to September 30 from $42.4bn a year earlier
Citizens from both countries possessing valid passports will now have the privilege of visa-free travel for tourism, business, and short-term visits
The PIF-owned airline has previously placed an order for 72 Boeing 787 widebody jets in anticipation of its launch date
The expenditure for the fiscal year 2024 alone is estimated at Dhs79.1bn, as the city seeks to accelerate growth and support the objectives D33
The move to the new headquarters follows the approval of APICORP’s 2023-2028 business strategy, which includes a new brand identity
The acquisition will make the UAE-based defence tech company a market leader in the unmanned helicopter segment
The list includes individuals who have a valid tourist or commercial visa from the US, the UK or any Schengen country
The agreement aims to facilitate digital transformation and empower tourist destinations along the Red Sea coast
Shebara will open in the summer of 2024 and is the first resort to be owned and operated by RSG at The Red Sea destination
Inspectors from Dubai Customs dealt with 504 cases during the same period, including both customs and criminal cases
SABIC has attributed the fall in revenue to a downturn in the global petrochemical market which continues to witness weak demand
The 18th edition of Dubai Airshow is set to take place from November 13-17 at Dubai World Central
The voco Makkah hotel is a 4,321-key property with 20,000 sqm of dining facilities
Based on the voluntary cut, the kingdom’s production in December will be approximately nine million barrels per day
The transaction represents the completion of a key milestone and is part of the conglomerate’s plans to grow Sirius into one of its key subsidiaries
The call is one of a number of international cruise liners set to arrive at Dubai Harbour during this year’s cruise season, with 300,000 passengers and 49 ship calls
Neobanks have reset the paradigm for the traditional banking industry in terms of customer experience, product innovation and pricing
The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs
The agreed recommendations will now be socialised with national governments ahead of COP28, so the fund can be activated and capitalised
The authority said each rest area accommodates up to 10 people and has ample parking spaces for motorcycles adjacent to the facility
Sheikh Mohamed ordered the Joint Operations Command of the Ministry of Defence to initiate Gallant Knight 3 to support relief efforts
The Child Protection Policy emphasises the involvement of the government, private sector, non-profit organisations, and the community in protecting children
The cooling firm reported a net profit of Dhs685m during the period under review and paid a cash dividend of Dhs425m for the first half of 2023
The partnership with Dell further solidifies the healthcare’s position following the recent milestone acquisitions
The new decisions reflect the significant role of free zones in the UAE’s economic diversification strategies