#UAE

ADNOC Distribution fuel pumps

Shareholders of ADNOC Distribution approve $700m dividend

The company’s full-year net profit surged by 22 per cent year-on-year to Dhs2.74bn while its revenues rose by 54 per cent to Dhs32bn

UAE and South Korea trade

UAE to invest $30bn in South Korea over the next few years

The two countries agreed to enhance joint efforts to implement the MoU that was signed recently

DP World port operations

Ports operator DP World’s revenues surge to $17.1m in 2022

The logistics firm said the broadening of strategic partnerships and monetisations of its assets in 2022 strengthened its balance sheet

ByteDance

Abu Dhabi’s G42 buys ByteDance stake at $220bn valuation

G42 acquired a $100m-plus stake from existing investors in recent months through its 42XFund, Bloomberg reported

SCCI, EDB partnership

Sharjah Chamber, EDB review funding solutions for investors

The bank is a financial enabler of the UAE’s economic diversification and industrial transformation agenda

How hospitality is reshaping Dubai's real estate landscape

How hospitality is reshaping Dubai’s real estate landscape

The growing stature of Dubai as a tourist destination is redefining developers’ strategies

UAE's Al Ansari Financial Services to list 10% stake in IPO

UAE’s Al Ansari Financial Services to list 10% stake in DFM IPO

The company plans to list its shares for trading on the Dubai Financial Market next month

Ducab announces growth in revenue

UAE’s Ducab Group announces 19% rise in revenue in 2022

Ducab Group posted total annual revenue of $1.8bn

Silal

Silal to launch UAE’s largest automated packhouse in this emirate

The state-of-the-art facility will deliver up to 216 tonnes of fresh produce daily

Best workplace in UAE 2023

These are the best places to work in the UAE in 2023

The top five companies to work for in the large category include McDonald’s, Leminar Group, Al Dabbagh Group, Centrepoint and Chalhoub Group

UAE astronaut Sultan Al Neyadi converses with Sheikh Mohammed from space

UAE’s Sultan Al Neyadi converses with Sheikh Mohammed from space

The Emirati astronaut and his Crew-6 teammates docked with the ISS after a 24-hour flight to begin the longest Arab space mission

EGA full year net profit

UAE’s EGA posts $2bn in full-year net profit on higher prices

The company paid its shareholders a total of Dhs3.7bn consisting of an interim dividend of Dhs2.2bn in July and a further D1.5bn at the end of 2022

Nebula Capsule 3

Nebula Capsule 3 projector launches in UAE

The projector is available at select retail stores and online for Dhs3,999

Sheikh Mohammed inaugurates renovated Al Shindagha Museum

Sheikh Mohammed inaugurates renovated Al Shindagha Museum in Dubai

Al Shindagha Museum features 22 pavilions that include 80 historic houses showcasing the development of Dubai and the UAE

UAE's e& reports 7.4% rise in consolidated net profit for 2022

UAE’s e& posts 7.4% rise in consolidated net profit for 2022

The group’s aggregate subscribers reached 163 million last year, increasing 2.5 per cent over 159 million in 2021

UAE corporate tax exemptions.

MENA M&A activity smashes record to top 700 deals in 2022

Domestic deals represented 34 per cent of the total M&A value at $28.4bn while outbound deals led in value at $40.1bn

UAE, Oman sign agreement to boost environmental preservation efforts

UAE, Oman sign agreement to boost environmental preservation efforts

Both sides will conduct joint research in the fields of environmental preservation

SLG Group opens manufacturing facility

Dubai’s SLG Group to build Dhs200m manufacturing facility in food security push

SLG Group’s new facility is the latest in a number of manufacturers producing and exporting foodstuffs globally from the Dubai Industrial City

IPO

Abu Dhabi says there’s more to come after year’s biggest IPO

A total of five IPOs in Abu Dhabi raised $5.37bn last year with state-related entities dominating the listings

edtech

Opinion: Scalability of edtech in the UAE and its impact

It’s time we embrace tech-inclusive learning rather than just tech-enabled learning

UAE's Sultan Al Neyadi arrives at ISS to begin six-month space mission

UAE’s Sultan Al Neyadi arrives at ISS to begin six-month space mission

“I can’t be happier than this,” states Al Neyadi, in his first message from the International Space Station

ADNOC Drilling to acquire 10 hybrid rigs

ADNOC Drilling to acquire 10 hybrid power land rigs for $252m

The use of hybrid power land drilling rigs is an essential element of ADNOC Drilling’s decarbonisation strategy

Renewable energy in Saudi Arabia and UAE

UAE, Saudi Arabia lead GCC renewable energy investments: S&P Global

The Gulf states are accelerating the decarbonisation of their energy sectors by investing heavily in renewable energy

Vivo Y16

Vivo Y16 launches in UAE: Specs, price revealed

The smartphone features an AI Dual Rear Camera, a 2.5D trendy design, a side fingerprint sensor and a 5000mAh battery

Live: UAE astronaut Sultan Al Neyadi to takeoff on space mission

Lift off: UAE astronaut Sultan Al Neyadi en route to space

The mission, dubbed Crew-6, will include a series of experiments and research

KITOPI

UAE-based Kitopi acquires F&B group AWJ in landmark deal

Founded in 2014, AWJ operates brands such as Operation Falafel, Catch 22 and Awani among others

UAE new visa rules

UAE visas: Expats need monthly income of Dhs10,000 to sponsor 5 relatives

The new visa rules require expats who want to bring their relatives or their wives’ relatives to the UAE to have an adequate monthly income

e& increase stake in Vodafone Group

UAE’s e& raises stake to 14% in Vodafone

The telecom operator, which initially acquired a 9.8 per cent stake in Vodafone for $4.4bn in May 2022, said its investment rationale remains unchanged

UAE reveals fuel prices for March 2023

UAE reveals fuel prices for March 2023

Petrol prices will marginally increase, while the price for diesel has been cut

UAE sustainable finance

UAE’s green, sustainable finance enjoy two years of rapid growth

The issuance of green and sustainable finance in the Middle East increased by 532 per cent to $24.6bn in 2021 from $3.8bn a year earlier.