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

Atlantis The Royal

Atlantis Dubai plots global expansion to cash in on travel boom

A sustained rebound in leisure travel is pushing hospitality brands to look at expanding their footprint

Emaar Properties posts Dhs4.9bn in H1 profit, up 15%

Emaar Properties posts Dhs4.9bn in H1 2023 profit

The developer’s group property sales, rose by 14 per cent to Dhs20.2bn

Turkey waits on UAE investment

Turkey sees cash flow from $51bn UAE deal starting by end of this year

The agreement marked the high point of Turkey’s President Recep Tayyip Erdogan’s recent visit to the Middle East

Air Arabia’s quarterly profit soars 187% to Dhs459m

Air Arabia’s quarterly profit soars 187% to Dhs459m

The budget carrier flew more than 3.8 million passengers between April and June

Smart Salem to expand UAE residence visa processing services in DIFC image Dubai Media Office DIFC

Smart Salem, DIFC Services to expand UAE residence visa processing services

More than 100,000 customers have availed residency services and completed medical tests across Smart Salem’s three centres over the past 12 months

Bloom Arjaan by Rotana

Bloom Holding partners with Rotana for hotel apartment on Saadiyat Island

The property is being developed to combine the comforts of a home and the convenience of a hotel and easy access to Saadiyat Island’s attractions

Yahsat reinforces presence in China image WAM

UAE’s Yahsat reinforces presence in China

The Asia Pacific region is amongst the main international markets for the company due to its popular solutions, which includes Thuraya’s MarineStar

Riyadh Air signs first sports sponsorship deal

Riyadh Air signs multi-year sponsorship deal with Atlético de Madrid

The partnership is the first sports sponsorship deal that Riyadh Air has signed since its official launch in March

Lulu Mall in Fujairah

Lulu to raise $2.7bn ahead of possible IPO

The Abu Dhabi-based hypermarket chain is realigning its capital structure before a possible listing in 2024 after delaying those plans this year

Kerten Hospitality will debut its The House Residence brand in the Oxagon (Image: Supplied by NEOM)

Kerten Hospitality to enter NEOM’s Oxagon

A 200-unit serviced apartments property will welcome its first guests in 2025

DEWA

Dubai’s DEWA reports revenue of Dhs12.7bn in H1 2023

For the first six months of 2023, the utility giant reported a net profit of Dhs2.7bn

EFG Holding’s Q2 2023 revenue jumps 51% to $844m

EFG Holding’s Q2 2023 revenue jumps to EGP3.1bn

The banking group’s net profit after tax and minority interest rose by 20 per cent to reach EGP405m

Continent hotels

Continent Worldwide Hotels unveils Saudi Arabia expansion plans

Continent Worldwide Hotels said it was bringing three distinct properties to the Saudi cities of Maddinah and Dammam

ADIB finances UK real estate assets worth $128m in H1 2023

ADIB finances UK real estate assets worth $128m in H1 2023

The banking group has closed senior financing transactions worth more than GBP650m over the past five years

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

DCT Abu Dhabi

DCT Abu Dhabi, Air France-KLM partner to boost connectivity

The partnership expands Abu Dhabi’s global connectivity through daily flights to Paris

Al Ansari Financial Services Q1 2023

Al Ansari Financial Services reports dip in profits for H1 2023

It attributed the drop in net profit to predominantly lowered remittance margins, higher costs as well as an increase in financing costs

ACWA Power H1 2023 results Image Acwa Power

ACWA Power H1 net profit rises 26% to SAR684m

Operating income — before impairment, loss and other expenses — for the six-month period stood at SAR1,289m

GCC wealth funds are new bankers to the world

GCC wealth funds are new bankers to the world: Here’s why

The sovereign wealth funds from Saudi Arabia, Qatar and the UAE appear to have become go-to investors in difficult times for the global markets

Dubai parks H1 2023 Image WAM Dubai Municipality

Dubai: Over 15 million people visit public parks, leisure facilities in H1 2023

The entire area of Dubai Municipality’s public parks and recreational facilities spans 13 million square metres

Abesq Doha Hotel and Residences opens in Qatar (Image: Supplied by Abesq Doha Hotel and Residences)

Abesq Doha Hotel and Residences opens in Qatar

Located in the city centre, it features 283 rooms, suites and serviced apartments

Dubai Customs prepare for return travellers

Dubai Customs increases services as vacation travellers return to UAE

The customs authority has increased the number of inspectors working on shifts, deployed scanners, and advocated for the use of its proprietary app

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

Dubai-Taxi-RTA

Dubai’s taxi sector posts 10% growth rate in trips for H1 2023: RTA

The emirate saw an increase in e-hailing of taxis, smart car rentals, and Hala Taxi services which drove the growth of the sector

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

CBUAE revokes licence of an exchange firm

CBUAE revokes licence of money exchange firm

The administrative sanctions are the result of findings which revealed serious regulatory misconduct

Dubai Chamber attracts 69 startups in H1 2023

Dubai Chamber of Digital Economy attracts 69 startups in H1 2023

The chamber held meetings with multinationals, SMEs, startups and scale-ups during the first half of the year to showcase Dubai’s growth potential

US NSA Jake Sullivan in UAE

US National Security Advisor Jake Sullivan in UAE to meet President Sheikh Mohamed

The importance of joint action to ensure peace and stability in the Middle East was discussed at the meet

Emirates cabin crew

Dubai: Emirates cabin crew numbers cross 20,000

The airline represents a diverse team of over 140 nationalities with 130 languages spoken