The company’s shareholders approved the payment of H2 2022 dividend of Dhs3.1bn and a one-time special dividend of Dhs1.67bn
The initiative is a part of independent ‘Well of Water’ endowment projects commenced by Dubai Endowment in 2019
The company plans to use the proceeds from the new investment to accelerate its ambitious vision to create the first ‘everything app’
The authority applies the latest and most important global standards in innovation and creativity strategy
Sheikh Ahmad Nawaf Al-Sabah, the eldest son of Kuwait’s ruler, heads the new line-up that includes Manaf Al-Hajeri as the country’s fifth finance minister since 2020
The programme’s goals will be supported by an international network of fellows known for their achievements in government, technology and future sectors
More than 22,000 companies and over 41,000 employees are based in Dubai Integrated Economic Zones
The long-term visa offers select groups the ability to work, live and study in the country without the need for sponsorship
The company’s full-year revenue jumped 11.8 per cent to $517m, driven by an increase in revenue from toll usage fees
The bank said it continuously explores opportunities to boost shareholder value but does not foresee any transaction of this nature materialising in 2023
The trade and investment exchanges between the UAE and Vietnam totalled Dhs13.5bn in 2022, up 9 per cent from 2021
The enhanced services between the two destinations will commence on April 20
It has deployed its Airbus A320 aircraft on this route
The company is introducing Greenpower in the UAE to promote Science, Technology, Engineering, and Maths (STEM) education
The projects have a combined capacity of around 900 MW and they will power more than one million homes
The tax relief seeks to support startups and other small businesses by reducing their corporate tax burden and compliance costs
The company will benefit from Savvy’s long-term financial backing to deliver on its strategy to grow and deepen existing franchises
It retained its position for the ninth consecutive year, with over 66 million passengers using DXB last year
National Bonds attributed the strong growth to solutions such as the Golden Pension Plan, Global Savings Club and Sukuk Al Waqf
Mark Willis, former Accor CEO for the Middle East, Africa, India and Türkiye, is now the CEO for Fairmont Hotels and Resorts
The company will charge Dhs15 for its on-demand delivery service and plans to run promotions for consumers that sign up for the service
The kingdom has one of the highest reserve coverage ratios among Fitch-rated sovereigns at 18 months of current external payments
The Unemployment Insurance Scheme covers employees in the federal government and the private sectors
Dubai is home to more than 55,000 high net-worth individuals and over $3tn of private wealth is within an hour’s flight of the city
Its key initiatives included the installation of an onsite water bottling plant and a food digester machine
The bank will operate as ‘Saudi Awwal Bank’ after obtaining the necessary regulatory and shareholders’ approvals
The shareholders’ approval brings the total full-year 2022 dividend to 15.67 fils per share or $682.5m
The 246-key voco Hotel and Suites Riyadh North is scheduled to host its first guests in 2026
Dubai education regulator said 25 schools improved their performance from the previous inspection cycle during the 2018/19 academic year