Majid Al Futtaim

Power Letters 2023: Fahed Ghanim, CEO, Majid Al Futtaim – Lifestyle

As we look to the year ahead, we will undoubtedly see ‘moments’ become the currency of customer experience

Aster pharmacy Talabat

Aster Pharmacy, talabat UAE announce partnership to deliver prescription medicines

Customers can now upload their prescriptions on talabat and have them delivered to their doorsteps in 90 minutes

Dubai Financial Market Company posts 41.7% rise in net profit in 2022

Dubai Financial Market Company posts 41.7% rise in net profit in 2022

DFM welcomed 167,332 new investors, bringing its investor base to over one million

Saudi Arabia - FDI

Saudi Arabia’s economy grows by 8.7% in 2022

The kingdom’s real GDP grew by 5.4 per cent during the fourth quarter of 2022

UAE's Pure Harvest enters strategic partnership with Saudi's NADEC

Pure Harvest enters strategic partnership with Saudi’s Nadec

The two entities aim to assist in the transition towards greater food security and water conservation in the kingdom and GCC

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

SEVEN acquires equity stake in AMC's cinema business in KSA

SEVEN acquires AMC’s equity stake in cinema business in Saudi Arabia

SEVEN will retain intellectual property rights and the AMC Cinemas brand name in the Saudi market

The UAE and France to jointly focus on decarbonisation of hta industries

UAE, France to jointly focus on decarbonisation of hard-to-abate industries

The bilateral initiative, which will officially launched during COP28, will focus on low-carbon hydrogen and sustainable fuel production and their respective value chains

Carrefour Bahrain_Self Checkout

Carrefour brings self-checkout service to Bahrain

A hand-held device, simple to use with a bank card or smartphone, allows customers to scan and bag purchases

Air Arabia Abu Dhabi launches direct flights to Amman

Air Arabia Abu Dhabi to launch direct flights to Amman

The new service will connect Abu Dhabi International Airport to Queen Alia International Airport

UAE fuel prices for February 2024

UAE increases fuel prices for February 2023

Prices were increased by up to 10 per cent

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

Sheikh Mohammed opens Arab Health 2023

More than 3,000 exhibitors from over 70 countries are showcasing healthcare technologies at the event

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

Hayya Card holders can enter Qatar until January 2024

Hayya Card holders can enter Qatar until January 2024

Cardholders who wish to enter the country must have a passport validity of at least three months upon arrival

Sheikh Mohammed issues directives to rename Al Minhad area

The newly named Hind City includes four zones, spans an area of 83.9km, and includes housing for Emiratis

National Bank of Kuwait reports $1.7bn in net profit for 2022

The lender’s board of directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing total cash dividends for the year to 35 fils

QatarEnergy acquires 30% stake in Lebanon's offshore exploration blocks

QatarEnergy acquires 30% stake in Lebanon’s offshore exploration blocks

The partnership marks QatarEnergy’s first exploration endeavour in Lebanon

UAE Banks Savings Deposits in Nov 2022

UAE banks record Dhs246.6bn in saving deposits by end of Nov 2022

Saving deposits increased during the first 11 months of 2022 by 1.98 per cent, compared to about Dhs241.82bn at the end of 2021

DEWA's virtual employee Rammas

Rammas, DEWA’s virtual employee, addresses 6.8 million enquiries since 2017

Rammas provides information on 200 services and features, which include managing supply, bill payment channels and general tips on sustainability, among others

UAE real estate will continue to be resilient in 2023

UAE’s real estate sector to remain resilient in 2023: JLL MENA

Delivery of around 200,000 square metres of retail floorspace last year raised Dubai’s total stock to 4.63 million square metres, with about 355,000 square metres of space scheduled to be delivered in 2023 across the city

Wizz Air Abu Dhabi transports over 1.2 million passengers in 2022

Wizz Air Abu Dhabi transports over 1.2 million passengers in 2022

Wizz Air currently flies to a total of 36 destinations to 25 different countries from Abu Dhabi

Bosses can ask employees to work overtime up to two hours a day

An employee’s total working hours should not cross 144 every three weeks

This road in Dubai will be closed due to rainwater accumulation

Motorists have been advised alternate routes to reach their destination

Dubai Investments acquires 9% stake in UK-based digital bank

Dubai Investments acquires 9% stake in UK-based digital bank

Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK

Emirates NBD arranges Egypt sukuk

Emirates NBD’s full-year profit rises 40% to $3.53bn

The lender reported a 36 per cent growth in total income, equalling Dhs32.5bn

Aster DM Healthcare

Power Letters 2023: Alisha Moopen, deputy managing director, Aster DM Healthcare

We have a number of expansion projects lined up for 2023

First Abu Dhabi Bank reports highest ever net profit in 2022

First Abu Dhabi Bank reports highest ever net profit in 2022

The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021

Saudi Arabia announces new $266m entertainment destination

The destination will feature an e-karting and a 10-lane futuristic bowling experience, a 12-hole indoor adventure golf course, and a 10-screen cinema

Business Bay 620x3101-1

Dubai’s Business Bay sees highest number of real estate transactions in 2022

The top 10 list of locations that registered the highest number of transactions included Dubai Marina, Al Barsha South 4, Burj Khalifa, Al Merkadh, Al Hebiah 5, and Jebel Ali 1