Emirates to increase flights on Dubai-Cairo route

Emirates to increase flights on Dubai-Cairo route

The Egyptian capital will be served with 28 weekly flights, starting October 29

New UAE visa entry permit updates

UAE announces updates to 15 services linked to visa, entry permits

The updates include a one time visa extension for a period of 30 days for 90-day visa holders

Saudi Arabia to host FIFA Club World Cup in 2023

Saudi Arabia to host FIFA Club World Cup in 2023

The tournament will be held from December 12-22

ADNOC delivers first Middle East LNG cargo to Germany

The shipment of 137,000 cubic meters of LNG can produce enough electricity to supply approximately a quarter million German homes for a year

Flydubai to launch daily service to Mogadishu

Flydubai to launch daily flights to Mogadishu

With the launch of the new service, flydubai will expand its network in Africa to 11 destinations

Hai Ramadan at Expo City Dubai photo WAM

Enjoy Expo City Dubai’s ‘Hai Ramadan’ offerings

Featuring a showcase of age-old traditions to food, fun, games and a night market, Expo City Dubai’s Hai Ramadan will run for a period of 50 days

Dubai pilots autonomous food delivery robots

Dubai trials food delivery robots

Three robots will serve the residents of Cedre Villas, a gated community in Dubai Silicon Oasis

Aramex completes testing of drone and bot deliveries in Dubai

Aramex completes testing of drone and bot deliveries in Dubai

The company plans to expand its drone and robot delivery testing across the Middle East and Africa region

Dubai's Emaar announces net profit rise of 80% to Dhs6.8bn, riding on record property sales

Dubai’s Emaar sees 80% net profit rise to Dhs6.8bn, supported by record property sales

Emaar’s group property sales in 2022 reached $9.5bn, primarily driven by new project launches

How Dubai's AIX Investment Group is forging sports partnerships to propel growth

Cover story: How Dubai’s AIX Investment Group is forging sports partnerships to propel growth

Establishing alliances beyond the traditional realm of finance are expected to yield promising returns for the advisory firm. And the returns may not be only monetary in nature

ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt

ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt

The deal includes a downstream portfolio of 240 fuel retail stations, more than a 100 convenience stores, and over 250 lube changing stations

Emaar Development records property sales worth $8.36bn in 2022, a YoY increase of 12%

Emaar Development records property sales worth $8.36bn in 2022, a YoY increase of 12%

Emaar Development reported earnings before EBITDA of Dhs4.22bn, achieving 17 per cent growth in net profit to Dhs3.80bn

UAE, Kuwait link traffic systems

UAE, Kuwait link traffic systems

Officials at the meeting held in Abu Dhabi discussed ways to enhance existing cooperation between the two countries in police and security fields

Dr. Ryan Lemand on benefits of financial crime enforcement in the UAE

Opinion: The impact of UAE’s strengthened financial crime enforcement

The UAE has been investing and setting up regulatory bodies specialising in financial crime, particularly, the Executive Office of Anti-Money Laundering and Counter Terrorism Finance

Saudi’s PIF invests $1.3bn in four local construction companies

The transactions are part of the fund’s strategy to enable the kingdom’s strategic sectors

Abu Dhabi fund for development sign MoC with IFC to invest in clean energy

Abu Dhabi Fund for Development, IFC to support investments in clean energy transition

The entities signed the agreement during the World Government Summit to support investments in emerging markets related to climate mitigation and adaptation, the adoption of clean technologies, and food security

Abu Dhabi economy achieves 10.5% growth in first 9M of 2022

Abu Dhabi economy shows 10.5% growth in first nine months of 2022: SCAD

Non-oil sectors contributed 50.3 per cent to the GDP, with an increase of Dhs39bn compared to the same period in 2021 to reach Dhs417.3bn in total by the end of Q3 2022

UAE telecom operator du posts 10.8% growth in 2022 net profit

UAE telecom operator du posts 10.8% growth in 2022 net profit

Full-year revenues grew by 9.2 per cent to total Dhs12.75bn, while EBITDA increased by 12 per cent to equal Dhs5.14bn

UAE's Julphar appoints new CEO to drive growth strategy

UAE’s Julphar appoints new CEO to drive growth strategy

Basel Ziyadeh will succeed Dr Essam Mohamed, who stepped down from the role, having joined in 2020

empower Dubai

Dubai: Empower’s net profit tops Dhs1bn for 2022

The company proposed a dividend amount of Dhs425m for the second half of 2022

ADNOC Drilling 2022 FY performance

ADNOC Drilling reports $802m net profit in 2022, reflecting a 33% YoY rise

ADNOC Drilling reported that its full-year earnings before interest, taxes, depreciation and amortisation touched $1.23bn

Air Arabia reports 70% rise in 2022 net profit

Air Arabia reports 70% rise in 2022 net profit

The airline served more than 12.8 million passengers in 2022 from its seven hubs across the UAE, Morocco, Egypt, Armenia, and Pakistan

Arada raises$50m from second tap of existing $450m sukuk

Sharjah’s Arada raises $50m from second tap of existing $450m sukuk

The second tap was executed based on investor feedback and inquiries, following extensive roadshows across the UK and GCC

RAKBANK records net profit rise of 53.4% to Dhs1.16bn in 2022

RAKBANK records net profit rise of 53.4% to Dhs1.16bn in 2022

The bank’s total income for 2022 was Dhs3.451bn, reflecting a 6.9 per cent YoY increase

PIF acquires 30 % stake in Saudi tabreed-800x533-1

Public Investment Fund acquires 30% stake in Saudi Tabreed

Saudi Tabreed currently manages 779,000 tonnes of refrigeration (TR) via contracts with major companies in Saudi Arabia

Abu Dhabi to deploy laser-based technology to measure vehicle emissions

Abu Dhabi to begin clinical trials to develop new thalassemia treatment

The trials will be conducted at Burjeel Medical City, and will include clinical, radiologic, and laboratory assessments

Saudi to send its first female astronaut to space this year

Saudi to send its first female astronaut to space this year

Rayyanah Barnawi and Ali Al Qarni will travel to the International Space Station during the second quarter of 2023

aerial taxi vertiports prototype approved by Sheikh Mohammed. Sheikh Mohammed at the RTA stand at WGS

Sheikh Mohammed approves design for ‘flying taxi’ vertiports

The initial network of vertiports will connect four main areas of Dubai: Downtown Dubai (Burj Khalifa area), Dubai Marina, Dubai International Airport and Palm Jumeirah

Boursa Kuwait reports 13.3% rise in 2022 net profit

Its operating profit for the 2022 financial year came in at $73.8m, increasing 22 per cent

PIF second green bond issue _ pexels-pixabay-356036

Saudi Arabia’s PIF raises $5.5bn from sale of second green bond

The fund will allocate an amount equalling the net proceeds of the issuance to fund eligible green projects in line with its Green Finance Framework