#UAE

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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

DEWA’s high-water usage alert service reduces carbon emissions by 218,373 tonnes

The service sends instant notifications to customers if the smart meter system detects any unusual increase in consumption

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

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

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

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

Huawei

Huawei launches line-up of flagship devices in the UAE

With pre-orders starting May 10, the devices are available from Huawei’s e-shop, Huawei Experience Stores and across select retailers in the country

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

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

UAE an enabler of global trade

UAE, Thailand agree to launch CEPA negotiations

The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force

CISOs

Over 60% CISOs in UAE, Saudi Arabia voice concerns over cyber resilience preparedness

New research from Trellix highlights the critical resource gaps reported by two in three CISOs surveyed across the UAE and Saudi Arabia

Crypto Oasis

Crypto Oasis identifies over 1,800 Web3 organisations in the UAE

More than 8,650 individuals currently contribute to the crypto, blockchain, metaverse and Web3 ecosystem of the country

Careem's new visual indentity

Careem launches new visual brand identity

The ‘C’ wink and bold green remain central to the company’s new brand identity, with the notable logo only slightly tweaked

Barakah Nuclear Energy Plant unit 3

UAE’s ENEC inks nuclear energy deals with Chinese firms

The agreement covers cooperation in nuclear energy operations, in high-temperature gas-cooled reactors and fuel supply and investment

EDB CEO, Ahmed Mohamed Al Naqbi

UAE’s EDB, Ministry of Economy recognise partner banks

The bank’s credit guarantee scheme aims to help SMEs overcome challenges in accessing financing from conventional banks

UAE booming tourism sector

Soaring tourism numbers bolster UAE’s economy

UAE’s tourism sector defies odds to attract record tourist numbers over the past year

Poland

UAE’s flydubai expands network in Poland to three destinations

Flights will operate three times a week from October 29

tech

UAE, US explore investment opportunities with focus on clean tech startups

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade held one-on-one meetings with Austin-based startups, which are deploying technologies such as AI, blockchain and quantum computing

The resort will soar 305m off the ground. (Image: Supplied by Wynn Resorts)

The Wynn Al Marjan Island resort in the UAE will open by 2027

The 1,500 key property will be located in the emirate of Ras Al Khaimah

Japan

UAE and Japan discuss strengthening comprehensive strategic partnership

The meeting took place as part of the Comprehensive Strategic Partnership Initiative launched last year

Measuring Climate risk insights from bloomberg LP

Opinion: Measuring climate risk and its importance

To determine a company’s exposure to climate-related risks investors need non-financial data, unlike for traditional types of financial risk

flowers.ae

Flowers.ae’s Dina Almalik tells us why the floral business is blooming

The company’s marketing manager tells us how its e-commerce strategy and resilience have contributed to its success

CBUAE - interest rate

Most GCC central banks raise interest rates tracking US Fed move

Central banks in the GCC usually track the Fed’s policy rate moves as their currencies are pegged to the US dollar

Aldar Properties group CEO Talal Al Dhiyebi

Abu Dhabi’s Aldar Properties posts 22% jump in Q1 2023 profit

The developer said its revenue backlog hit a record Dhs18.8bn, which provides visibility over the next two to three years

Image e& Group

UAE’s e& reports consolidated revenue of Dhs13bn in Q1 2023

In the UAE, etisalat by e& recorded 13.9 million subscribers an increase of 6 per cent compared to the same period last year