Home GCC UAE

UAE

Emirates NBD arranges Egypt sukuk

Emirates NBD’s full-year profit rises 40% to $3.53bn

The lender reported a 36 per cent growth in total income, equalling Dhs32.5bn

Aster DM Healthcare

Power Letters 2023: Alisha Moopen, deputy managing director, Aster DM Healthcare

We have a number of expansion projects lined up for 2023

First Abu Dhabi Bank reports highest ever net profit in 2022

First Abu Dhabi Bank reports highest ever net profit in 2022

The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021

Business Bay 620x3101-1

Dubai’s Business Bay sees highest number of real estate transactions in 2022

The top 10 list of locations that registered the highest number of transactions included Dubai Marina, Al Barsha South 4, Burj Khalifa, Al Merkadh, Al Hebiah 5, and Jebel Ali 1

Rainfall

UAE weather update: More rain, drop in temperatures expected

The country’s lowest temperature – 3.2°C – was recorded at 1am this morning at Jais Mountain

UAE President visits Pakistan

UAE President visits Pakistan

The two sides reviewed several regional and global issues of mutual concern and exchanged views

Dubai Islamic Bank

2022: Dubai Islamic Bank reports highest ever net profit

The bank reported Dhs14bn in total income for 2022, registering a 20 per cent year-on-year rise

Power Letters 2023: Raki Phillips, chief executive officer, Ras Al Khaimah Tourism Development Authority

Balanced Tourism is something we are firmly embracing as an emirate

AD Ports Group

AD Ports Group signs MoU with Türkiye’s Tosyalı

The agreement will enable collaboration across shipping, logistics, freight forwarding and port management

Emirates AIrline Festival of Literature is back

Emirates Airline Festival of Literature celebrates its 15th anniversary

Considered among the world’s top 10 literary events, the latest edition of the festival will see the return of authors, who’ve graced the festival over 15 years, as well as a great line-up of new writers, workshops and interactive sessions  

UAE's Edge Group invests $14m in tech company High Lander

UAE’s Edge Group invests $14m in tech company High Lander

Edge aims to utilise High Lander’s Universal UTM solution in autonomous operations management

Abu Dhabi hotels enjoy a good year in 2022_GettyImages-1316754718

Abu Dhabi hotels generate Dhs5.4bn in revenue in 2022

The average revenue per available room was Dhs263, up 19 per cent

Venture debt funding in MENA crosses $260m in 2022

Venture debt funding in MENA crosses $260m in 2022

Fintech accounted for 61 per cent of total funding between 2018 and 2022

UAE weather update: Overcast conditions, rainfall expected this week

The UAE recorded its lowest temperature of 2.8°C in Jais Mountain (Ras Al Khaimah) at 5.15am local time today

Aldar announces record sales for period ending Sept 30, 2022

UAE telcos partner with Aldar Properties to deliver advanced services

By virtue of the agreement, both service providers will deliver telecommunications infrastructure for the developer’s major projects

Dubai Chambers WAM

Dubai Chamber of Commerce launches 4 new business groups

The chamber plans to increase the number of sector-specific business support groups to 100 by March 2023

Emirates Skywards members can win up to one million Miles

Emirates Skywards members come from over 180 countries, and have redeemed more than 140 billion Miles between 2018 and 2022

Tecom Group

Power Letters 2023: Abdulla Belhoul, chief executive officer, Tecom Group

As many parts of the world look to accommodate new work environments, Tecom Group remains committed to providing companies with modern and flexible spaces to engage

Teh sustainable City - Yas Island first phase sold out

The Sustainable City – Yas Island’s first phase sold out, sales value crosses Dhs1bn

A total of 512 homes were available during the first phase of the project, with 76 per cent of the units purchased by expatriates, of which 24 per cent were overseas investors

Residents report tremors in certain areas of Dubai

The tremors were felt because of demolition work currently underway at the Dubai Pearl development

Emirates to increase flights to Sydney, Melbourne; resume service to Christchurch

Emirates to increase flights to Sydney, Melbourne; resume service to Christchurch

With the increase in flights, Emirates will be operating 63 weekly services to Australia by mid-year

Dubai wins bids to host 232 business events in 2022

Dubai wins bids to host 232 business events in 2022

The events are to be held over the coming years and will bring in an additional 135,000 visitors

Easa Al Gurg

Power Letters 2023: Easa Al Gurg, group CEO, Easa Saleh Al Gurg Group

ESAG2025 is the road map for the group’s future, focusing on diversity and intrapreneurship

Better benefits can give UAE firms an edge in global battle for talent

Better benefits can give UAE firms an edge in global battle for talent

Workplace savings, unemployment insurance, and education allowances are among the top benefits sought by employees

Power Letters 2023: Nabil Habayeb, SVP – GE, President and CEO – GE International Markets

January 2023 will start with the creation of GE HealthCare, a company which will drive precision health to improve patient outcomes

Power Letters 2023: Arif Amiri, CEO, DIFC Authority

Power Letters 2023: Arif Amiri, CEO, DIFC Authority

In 2023, we will continue to focus on expanding our influence to become the largest ecosystem of financial services, technology and innovation in the region

UAE President announces 2023 as ‘Year of Sustainability'

UAE President announces 2023 as ‘Year of Sustainability’

The announcement follows the Abu Dhabi Sustainability Week, which concluded on January 19

Wizz Air Abu Dhabi's inaugural flight lands in Turkiye

Wizz Air Abu Dhabi’s inaugural flight lands in Turkiye

Flights from Abu Dhabi to Ankara will operate on Tuesdays, Thursdays and Saturdays

UAE partners with WEF to support trade tech initiative

UAE partners with WEF to support trade tech initiative

The new initiative aims to digitalise international supply chains to enable faster and cost-efficient trade

First food grade plastic recycling facility to be set up in the UAE Photo WAM

UAE to set up first food-grade plastic recycling facility

The 12,000 tonnes per annum polyethylene terephthalate recycling plant has been earmarked for Abu Dhabi