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Xiaomi 13

Xiaomi: Setting a new paradigm in smartphones

The brand has leveraged innovation and key strengths to provide operational efficiency, convenience and technology bundled into one offering

Flydubai reports 43% rise in profit for 2022

Flydubai reports 43% rise in profit for 2022

The carrier flew 10.6 million passengers across its network last year, rising 89 per cent compared to 2021

Wizz Air Abu Dhabi

Wizz Air Abu Dhabi adds new aircraft, routes to central Asia, Europe and Africa

The ninth aircraft will provide an additional 30,000 ultra-low-fare seats per month

Yahsat

UAE’s Yahsat reports 6% rise in revenue for 2022

Adjusted earnings before interest, taxes, depreciation and amortisation rose 7 per cent year-on-year to total $258m

Edmond de Rothschild opens office in Dubai's DIFC

Edmond de Rothschild opens office in Dubai’s DIFC, aims to broaden regional presence

The UAE is already an important market for Edmond de Rothschild, and the new presence will enhance its ability to serve the clients in the region

Non-oil foreign trade between UAE, Kuwait grows 87% over a decade

UAE, Kuwait non-oil trade grows 87% over decade

Non-oil foreign trade between the UAE and Kuwait reached Dhs43bn by the end of 2022

SAWA Group and AD Gaming sign agreement photo courtesy AD Gaming twitter

AD Gaming, SAWA Group to develop Abu Dhabi’s gaming ecosystem

AD Gaming and SAWA group will help facilitate the international expansion of Chinese gaming and esports companies via Abu Dhabi

ADNOC Gas

ADNOC Gas announces intent to list 4% stake on ADX

More than three billion shares will be offered in the IPO

Hai Ramadan at Expo City Dubai photo WAM

Enjoy Expo City Dubai’s ‘Hai Ramadan’ offerings

Featuring a showcase of age-old traditions to food, fun, games and a night market, Expo City Dubai’s Hai Ramadan will run for a period of 50 days

How Dubai's AIX Investment Group is forging sports partnerships to propel growth

Cover story: How Dubai’s AIX Investment Group is forging sports partnerships to propel growth

Establishing alliances beyond the traditional realm of finance are expected to yield promising returns for the advisory firm. And the returns may not be only monetary in nature

ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt

ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt

The deal includes a downstream portfolio of 240 fuel retail stations, more than a 100 convenience stores, and over 250 lube changing stations

Abu Dhabi economy achieves 10.5% growth in first 9M of 2022

Abu Dhabi economy shows 10.5% growth in first nine months of 2022: SCAD

Non-oil sectors contributed 50.3 per cent to the GDP, with an increase of Dhs39bn compared to the same period in 2021 to reach Dhs417.3bn in total by the end of Q3 2022

Masdar, IFC to jointly advance climate action in emerging markets

Masdar, IFC to jointly advance climate action in emerging markets

The framework will look at accelerating the adoption of distributed photovoltaic systems, and the development of innovative new technologies and business models in emerging markets

Air Arabia reports 70% rise in 2022 net profit

Air Arabia reports 70% rise in 2022 net profit

The airline served more than 12.8 million passengers in 2022 from its seven hubs across the UAE, Morocco, Egypt, Armenia, and Pakistan

aerial taxi vertiports prototype approved by Sheikh Mohammed. Sheikh Mohammed at the RTA stand at WGS

Sheikh Mohammed approves design for ‘flying taxi’ vertiports

The initial network of vertiports will connect four main areas of Dubai: Downtown Dubai (Burj Khalifa area), Dubai Marina, Dubai International Airport and Palm Jumeirah

Boursa Kuwait reports 13.3% rise in 2022 net profit

Its operating profit for the 2022 financial year came in at $73.8m, increasing 22 per cent

Abu dhabi Exports Office, Angola sign green finance agreements Photo WAM

Abu Dhabi Exports Office, Angola ink green finance deals worth Dhs445m

The financing is provided in cooperation with Standard Chartered Bank

Abu Dhabi Airports

Abu Dhabi Airports welcomes 15.9 million passengers in 2022

The company saw growth in other key areas such as air traffic movements across its five airports, which totalled 194,667

Arada opens first Manbat store

Sharjah’s Arada opens first permanent Manbat Shop at Aljada, aims to boost UAE’s agri sector

Located in the first residential phase of Aljada, the shop enables Manbat’s purpose to provide a link between local farmers and consumers in the UAE

DEWA

Dubai’s DEWA reports 22% rise in consolidated net profit for 2022

DEWA’s annual consolidated revenue increased 15 per cent to Dhs27.35bn in 2022

Nana

Alwaleed’s Kingdom Holding leads $133m funding for Saudi delivery app Nana

Started in 2016, Nana raised $18m from investors including venture capital fund STV and Middle East Venture Partners

UAE’s non-oil foreign trade grows 17% in 2022

UAE’s non-oil foreign trade grows 17% in 2022

This is the first time that the country’s non-oil foreign trade has surpassed the Dhs2tn mark

DP world open new trade routes in 2022

Dubai’s DP World reports 1.4% rise in gross container volumes in 2022

Jebel Ali handled 14 million TEU (twenty-foot equivalent units) in 2022, up 1.7 per cent year-on-year

Borouge reports $1.4bn net profit in 2022

Abu Dhabi-based Borouge reports $1.4bn net profit in 2022

The company delivered adjusted EBITDA of $541m in the fourth quarter, flat on a year-on-year basis with a net profit of $247m

Abu Dhabi's Etihad Airways to increase flights to Frankfurt

Abu Dhabi’s Etihad Airways to increase flights to Frankfurt

The new services will increase the total number of weekly flights to the German destination to 11

OPEC+ keeps output steady amid uncertainty

OPEC+ keeps output steady amid uncertainty

Oil prices have had a rocky start to 2023, with a rally in mid-January fading away by the end of the month

Agthia Group

Agthia Group reports 14% rise in net profit for 2022

Agthia Group’s total assets stood at Dhs6.8bn as at December 31, 2022

developer portal

Abu Dhabi Islamic Bank reports 55% rise in net profit for 2022

The lender reported revenue worth Dhs6.8bn in 2022, up 23 per cent year-on-year

MohRE extends deadline to rectify private sector employment contracts

UAE’s MoHRE extends deadline to rectify private sector employment contracts

The new deadline is now December 31, instead of February 2

Mohammad Al Falasi AVP Emirates Flight Catering

Interview: Mohammad Al Falasi, assistant vice president, Emirates Flight Catering

Emirates Flight Catering’s AVP tells us about the company’s diversification plans including private event catering, its focus on sustainability and the growing popularity of Emirati cuisine