#UAE

DEWA

DEWA’s R&D Centre files new patent in 3D printing

DEWA uses 3D printers to produce prototypes and spare parts for its generation, transmission and distribution divisions

TAQA’s half-year net income surges to Dhs13.5bn

UAE’s TAQA Group posts Dhs13.5bn in H1 net income

The company’s board of directors declared a second interim cash dividend for the year of 0.65 fils per share (approximately Dhs731m)

Amazfit Bip 5

Amazfit Bip 5 smartwatch now available in UAE

The smartwatch is also the first of the series to integrate the Zepp OS, which brings a feature of advancements beyond what’s typically found in an entry-level smartwatch

KBBO Group debt pile

Abu Dhabi revises hotel fees to boost hospitality sector

The change, which follows directives from the Abu Dhabi Executive Council, is set to take effect from September 1

Julphar posts Dhs859.4m in H1 revenues, up 2.5%

Julphar half-year revenues surge to Dhs859.4m on solid growth

The company registered double-digit growth in the UAE and GCC region markets due to continued positive developments in key markets including Saudi Arabia

How Israel is driving climate innovation ahead of COP28

Exclusive: Ambassador Gideon Behar shares details about Israel’s participation at COP28

Israel’s special envoy for climate change and sustainability tells us that COP28 is an opportunity to promote climate innovation and solutions

Network International’s half-year revenues reach $239m

Network International’s half-year revenues reach $239m

The payments company said growth was driven by the UAE’s resilient domestic consumer spending and a strong influx of tourists

MoHRE recoups Dhs2.3m from fake 107 Nafis’ beneficiaries

MoHRE recoups Dhs2.3m from fake 107 Nafis beneficiaries

The ministry has an effective smart inspection system and conducts regular field visits to companies employing Emirati citizens

MoIAT

MoIAT, Mohammed bin Rashid School of Government partner to empower local talent

MBRSG will extend academic assistance to the ministry’s personnel, along with introducing creative training initiatives and research schemes

UAE enacts new laws for healthcare professionals

UAE enacts new laws for healthcare professionals

Practising without a healthcare licence attracts a fine of not less than Dhs50,000 and not exceeding Dhs100,000

Where to watch the Perseids meteor showerin the UAE Image Getty images

Perseids meteor shower 2023: How to watch it in the UAE

The Dubai Astronomy Group is hosting a viewing event at Al Awir desert on Saturday, August 12, from 10pm to 3am

Ajman Bank Dhs550m right issue oversubsribed Mohamed-Amiri Image courtesy Ajman Bank

Ajman Bank’s Dhs550m rights issue receives strong response

The rights issue was oversubscribed 7.4 times, with a total demand of Dhs4.1bn

UAE MoF announces strategic plan_Photo-courtesy WAM MoF

UAE: Ministry of Finance announces strategic plan for 2023-2026

The plan will develop financial policies to promote economic growth, create a competitive business environment and strengthen international economic relations

The new Land Rover Defender 130 surfs the dunes

The beast can go from zero to 100 km/h in 6.6 seconds, and that’s just one of the things we love about it

Burjeel Holdings’ half-year profit up 47% to Dhs225m

Burjeel Holdings’ half-year profit up 47% to Dhs225m

The healthcare services provider’s H1 revenues surged by 13.9 per cent year-on-year to Dhs2.2bn, driven by an increase in patient footfall

Absheron

ADNOC to acquire 30% equity stake in Absheron gas field

The first gas from Absheron was successfully delivered in early July 2023

e& money

UAE’s e& money launches prepaid card with cash rewards

Customers are instantly issued a 16-digit Mastercard branded e& money card, ready to be used for payments and ATM access

Agthia Group posts 6.6% first-half profit rise to Dhs144m

Agthia Group posts 6.6% increase in first-half profit to Dhs144m

The group’s revenues in the six months to June 30 surged by 10.3 per cent year-on-year to Dhs2.2bn

UAE’s Emirates Steel Arkan posts $76.4m in H1 profit

UAE’s Emirates Steel Arkan posts $76.4m in H1 profit

The robust profitability in the first half of the year was driven by continued high demand for the company’s steel products and stable margins

Oman and Etihad Rail Company and Jindal sign MoU

Oman and Etihad Rail Company, Jindal to set up sustainable logistics solution

An anticipated annual capacity of up to 4 million tonnes of Jindal’s materials and products will be transported via the Oman-UAE rail network

Mubadala invests in Aligned Data Centers Image Mubadala Aligned

Mubadala invests in US-based Aligned Data Centers

With this investment, Mubadala will become a minority partner alongside majority partners managed by Macquarie Asset Management

e& Group’s Q2 profit jumps 3.8% to $681m

e& Group’s Q2 profit jumps 3.8% to $681m on subscriber growth

The group has a record subscriber base of 165 million users as of June 30, the highest in the company’s history

e& c

Abu Dhabi’s e& enterprise concludes majority stake acquisition in Beehive

The telecom company announced it was acquiring 63.3 per cent of the peer-to-peer lending platform in May

UAE joins BRICS

UAE’s GDP grows 3.8% in first quarter to $114bn

The country’s non-oil activities grew by 4.5 per cent year-on-year in the quarter to Dhs312bn

as creative hub twofour54 to open new fim studio

Abu Dhabi-based twofour54 unveils ambitious plans to build film studio

Set to span over 100 acres, twofour54 Studios will be a next-gen, virtual production-ready, metaverse-enabled and fully-fledged production studio

UAE Ukraine

UAE sends 250 tonnes of aid to Ukraine

The aid shipment will arrive in Poland and Romania by sea before being transported into Ukraine

infrastructure development

UAE announces national programme for infrastructure development

Salamah 365 is a transformational project under the performance agreements signed by federal authorities in 2022

Reconciling human progress with environmental protection byPascal Grante, Chief Executive Officer, Veolia Near and Middle East image Veolia

Insights: Reconciling human progress with environmental protection

The UAE has put environmental protection at the heart of its development agenda for decades; it was the first country in the GCC to sign the Paris Agreement and launch its Net Zero by 2050 Strategic Initiative

nol pay

Dubai’s RTA updates nol Pay app with 4 new features

The official payment platform seeks to improve the transportation experience in Dubai for residents, visitors and tourists

MASDAR - CITAGLOBAL MALAYSIA Image Masdar

UAE’s Masdar, Citaglobal Berhad to develop clean energy projects in Malaysia

The companies will join hands to develop renewable energy projects in Pahang, Malaysia