Home GCC UAE

UAE

Etihad is offering discounted fares to Rome, among other destinations. (Image: Supplied by Etihad Airways)

Etihad Airways sale: Summer discounts announced on flights from Abu Dhabi

The airline is offering special fares to select destinations across its Asian, European, Middle Eastern and North American routes

UAE issues decree to regulate use of HFCs-e1622023668811

UAE issues decree regulating use of hydrofluorocarbons

The decree is a significant step in the UAE’s endeavour to uphold its obligations towards climate change mitigation and curbing harmful emissions

AD Ports Group Khalifa Port

AD Ports Group’s first-quarter revenue jumps by 73%

The shipping and logistics group’s revenue in the first three months of the year reached Dhs1.81bn from Dhs1.04 a year earlier

UAE-corporate-tax-illustrative-purposes_GettyImages-184931895.jpg

UAE corporate tax: FTA opens registration for public stock and private companies

The authority explained that early corporate tax registration will allow enough time for companies and businesses to comply with their legal obligations

Mumbai

DMCC opens representative office in Mumbai to bolster UAE-India relations

The new office will provide a one-stop solution for Indian businesses looking to expand through Dubai and help them establish a presence in DMCC

TAQA’s nine-month net income reaches Dhs15bn

UAE’s TAQA Group posts $3.2bn in Q1 net income

The Abu Dhabi-listed firm said its revenues jumped 6 per cent in Q1 2023 to Dhs13.14bn, bolstered by higher bulk supply tariffs and transmission charges

lights

Abu Dhabi introduces traffic warning lights to alert drivers

The system, which aims to enhance road safety across the emirate, uses coloured lights to alert drivers of upcoming traffic incidents and adverse weather conditions

electric abra

Dubai’s RTA trials driverless electric abra

The inaugural voyage of this autonomous electric abra commenced from Al Jaddaf Station and concluded at the Festival City Station on Dubai Creek

ADIB Meydan Free Zone Signing ceremony

Abu Dhabi Islamic Bank, Meydan Free Zone collaborate to support SMEs

The partnership will enable both organisations to pool their resources and capabilities to offer SMEs a more comprehensive suite of solutions and service

Independence day celebrations_H.E Liron Zaslansky, Consul General of Israel to Dubai

Israeli consulate general hosts first independence day celebrations in Dubai

The gathering provided an opportunity for the Israeli and Emirati communities to come together and celebrate the shared values of peace, cooperation and prosperity

Air Arabia aircraft (Image: Supplied by Air Arabia)

Air Arabia set to commence Sharjah-Bangkok flights

The daily service between the two destinations will begin from June 30

Le Méridien Al Marjan Island Resort and Spa (Image: Supplied by Marjan)

Le Méridien to open in Ras Al Khaimah by 2026

The beachfront Le Méridien Al Marjan Island Resort and Spa in the UAE will feature 350 keys

Dubai retains FDI ranking

Dubai retains global top spot for attracting greenfield FDI projects

The emirate ranked first in attracting FDI projects into sectors such as tourism, business services, financial services, transport and warehousing, consumer products, and software and IT services

ADNOC Distribution

ADNOC Distribution’s Q1 net profit jumps 5.5% to Dhs551m

The energy provider said its net profit soared 19.4 per cent quarter-on-quarter and free cash flow stood at Dhs1.04bn

salik photo WAM

Toll operator Salik reports net profit of Dhs275m for Q1 2023

The toll operator reported that revenue-generating trips reached 113.6 million, exceeding the pre-pandemic peak level thanks to the recovery of economic and tourist activity, as well as mobility

Khalifa University

Khalifa University launches world’s first solar-powered atmospheric water generator

The technology produces drinking water straight from the air and can supply up to 1,000 litres per day per unit

Tabreed

UAE’s Tabreed reports Dhs236.4m in net profit during Q1 2023

The company’s revenue increased by 10 per cent year-on-year to Dhs464m

Ministry of Economy signs MoU with Presight to enhance UAE's attractiveness to FDI & support private sector partnership

UAE Ministry of Economy signs MoU with Presight to drive FDI

Presight will work with the ministry to attract foreign direct investments to new sectors in the UAE, by deploying big data, analytics and AI in education, healthcare, infrastructure and financial services

Emirates boarding pass (Image: Supplied by Emirates)

Emirates to phase out paper boarding passes for flights from Dubai

From May 15, most passengers departing from T3 at DXB will have to use a mobile boarding pass

Dubai Chambers signs MoU with AACCI

Dubai Chambers opens Sydney office, signs MoU with Australia Arab Chamber

The Sydney office is the second to be inaugurated in 2023 and expands the chamber’s global network to 17 representation offices

ADNOC Gas first Q1 results

ADNOC Gas’ Q1 net income surges by 9% to $1.3bn

The net income for the quarter ended March 31 included a one-time tax benefit of $300m following its formation earlier this year

UAE France

UAE, France trade grew 17%, reached Dhs29.5bn in 2022

The bilateral trade between the two countries consisted of imports valued at Dhs25.2bn, while exports and re-exports were valued at approximately Dhs4.2bn

Emirates Group

Dubai’s Emirates Group reports highest-ever annual profit of Dhs10.9bn for FY2022-23

Emirates Airline reported its most profitable year ever with a profit of Dhs10.6bn compared with Dhs3.9bn loss in the previous year

Dana Gas

UAE’s Dana Gas reports Dhs183m net profit in Q1 2023

Profitability for the quarter dropped 7 per cent compared to a 22 per cent decrease in the company’s realised prices during the period

Emirates installation at Expo 2020 Dubai (Image: Supplied by Emirates)

Emirates unveils $200m aviation sustainability fund

The amount, disbursed over three years, will support R&D on projects aimed at reducing the impact of fossil fuels in commercial aviation

UAE debut T-Sukuk oversubcribed

UAE’s debut Islamic treasury bonds attracts bids worth Dhs8.3bn

The T-Sukuk auction will be followed by a listing on Nasdaq Dubai to promote secondary market trading along with primary dealers

executive directors

Sheikh Hamdan appoints new executive directors for two government entities

The two resolutions are effective from their date of issuance

ADNOC Baker Hughes agreement

ADNOC, Baker Hughes partner to advance hydrogen technology

The partnership builds on ADNOC Group’s $15bn commitment towards decarbonisation projects by 2030

EDB adds new financing sector

Emirates Development Bank to finance UAE renewables sector

The bank is now two years into an ambitious five-year strategy aimed at empowering SMEs and large corporates in five priority sectors

DIFC innovation Hub AECB sign agreement to support fintechs

DIFC Innovation Hub, AECB to empower fintech startups in the UAE

The bureau will enable the DIFC Innovation Hub community to tap into new data sets to boost fintech development in the UAE market