Profitability for the quarter dropped 7 per cent compared to a 22 per cent decrease in the company’s realised prices during the period
Yahsat’s net income and earnings before interest, taxes, depreciation and amortisation both grew by 35 per cent and 4 per cent respectively year-on-year
Air Arabia added nine new routes to its global network from its seven hubs in the UAE, Morocco, Egypt, Armenia and Pakistan during Q1 2023
The contribution from ADFD towards this strategic project amounts to Dhs110m
Customers of each airline from this summer can buy a single ticket into either Dubai or Abu Dhabi, and return via the other airport
In the UAE, etisalat by e& recorded 13.9 million subscribers an increase of 6 per cent compared to the same period last year
The number of people travelling through UAE airports reached approximately 31.8 million, an increase of more than 11.5 million
The aid was sent to provide urgent support to refugees affected by the current crisis in Sudan, which has led to the displacement of thousands of families
The location’s proximity to ADNOC’s current operations and its future growth projects were all important factors in the decision
The Boeing 787 aircraft is the first in the world to offer the Elements seat
The agreement will mark the first phase of Al Ghurair Foods division’s investments in KEZAD
The authorities reminded non-compliant companies that they faced half-yearly fines of Dhs42,000 for every Emirati not hired
This partnership will help fast-track the account opening process for SMEs and deliver seamless banking services through the Wio Business app
The partnership will focus on various initiatives such as training programmes, educational content, game localisation and sponsorship of regional events
West Texas Intermediate traded below $79 a barrel after rallying around 2 per cent over the previous two sessions
The acquisition comes in tandem with Checkmate.live’s recent partnership with Tencent Cloud, paving the way for a new era of fair play in the online gaming world
The country is the UAE’s second-largest trading partner in Africa, accounting for 8 per cent of total non-oil trade with the continent
The bank’s net interest income rose by 33 per cent to Dhs2.85bn while non-interest income surged by 34 per cent to reach Dhs1.06bn
Etihad Cargo will operate the flights on a Boeing 777 freighter, with services commencing on April 28
The investment will be made through the company’s Acelen unit in Brazil and the company expects to start production in the first quarter of 2026
Under Baker’s visionary leadership, GMG acquired aswaaq from the Investment Corporation of Dubai in February,…
West Texas Intermediate traded above $83 a barrel after advancing by 4.4 per cent over the prior two days
New research by Sila Insights mapped nearly two million online conversations to discover how Ramadan is evolving through changes in demographics and lifestyle choices
Jafar is at the helm of UAE-based Crescent Enterprises, which spans sectors ranging from ports…
The airport chose Dell PowerEdge servers to enhance its infrastructure capabilities
The agreement streamlines the digital onboarding process for Mashreq customers, allowing them to instantly obtain a national investor number
The trade and investment exchanges between the UAE and Vietnam totalled Dhs13.5bn in 2022, up 9 per cent from 2021
According to WTO data, the UAE ranked 11th in terms of exports of commodities and was the 18th importer of global merchandise goods worldwide
The shareholders’ approval brings the total full-year 2022 dividend to 15.67 fils per share or $682.5m
The rise represents an 8.4 per cent year-on-year increase, and an average annual increase of 13.7 per cent over the last five years