Abu Dhabi’s ADX signs MoU with Armenia Securities Exchange

Abu Dhabi’s ADX signs MoU with Armenia Securities Exchange

The agreement is expected to strengthen cross-border market activity between the two markets

Gold

Saudi Arabia moves to tap its mineral reserves, invites bids for gold and copper mines

Saudi Arabia plans to award more than 30 additional mining exploration licences to foreign investors in 2024

DP World H1 2024 performance Image-by-WAM

DP World reports resilient H1 results amidst global challenges

Revenue for the period ending June 30, increased by 3.3 per cent to $9.34bn, driven primarily by strong growth in its Ports and Terminals segment

AD Ports Group completes acquisition of Tbilisi Dry Port, takes 60% stake

AD Ports completes acquisition of Tbilisi Dry Port, owns 60% stake

The state-of-the-art, rail-linked, and custom-bonded intermodal logistics hub in Georgia is scheduled to begin operations in October

Abu Dhabi expands scope of freelancer licences; 30 new activities included

Abu Dhabi expands scope of freelancer licence; 30 new activities included

Last year, ADDED issued 1,013 freelancer licences, reflecting growing interest from individuals seeking to establish and operate their businesses

ADGM says company registrations up 31% in H1 2024

ADGM says company registrations up 31% in H1 2024

The financial hub issued 1,271 new licences in H1 2024, a 20.5 per cent increase compared to the corresponding period a year ago

Dubai Police - traffic fine

UAE driving fines: Participate in Dubai Police’s ‘accident-free day’ to remove black points

The ‘accident-free day’ campaign aims to foster a culture of responsible driving

UAE’s Ayesha Al Mehairi aims for top 8 finish in her second Paralympics

UAE’s Ayesha Al Mehairi aims for top 8 finish in her second Paralympics

With a strong focus on self-belief and determination, the 48-year-old shooter, a mother of five, expressed her goal of finishing in the top eight in Paris

Magnom Properties plans hydrogen-powered skyscraper in Egypt

Saudi Arabia’s Magnom Properties plans hydrogen-powered skyscraper in Egypt

The hydrogen-powered tower will feature advanced cybersecurity systems, two ultra-fast VIP elevators, and a helipad

How Msheireb Properties is redefining urban living in Qatar

How Msheireb Properties is redefining urban living in Qatar

Msheireb Properties’ CEO Ali Al Kuwari delves into the inspiration behind Msheireb Downtown Doha, its impact on the community, and the future of real estate in Qatar

Salik H1 2024 results

Salik announces H1 results, approves interim dividend of Dhs544.8m

Salik registered 238.5 million revenue-generating trips in H1 2024, reflecting a 4.9 per cent increase year-on-year

Etihad Rail launches sustainable finance framework

Etihad Rail unveils sustainable finance framework in green push

The sustainable finance framework was developed in collaboration with First Abu Dhabi Bank and Standard Chartered Bank

Oil edges up on Middle East war concerns, US crude stockpile drop

Oil edges up on Middle East war concerns, US crude stockpile drop

A broader conflict in the Middle East could threaten oil moving through key choke points in the region

Abu Dhabi’s ADQ reportedly eyes Bank Audi’s Turkish unit

Abu Dhabi’s ADQ reportedly plans to acquire Bank Audi’s Turkish unit

Deliberations between ADQ and Bank Audi are reportedly ongoing, and no final decisions have been made

Abu Dhabi’s TAQA Group posts Dhs4.4bn in first-half net income

Abu Dhabi’s TAQA Group posts Dhs4.4bn in first-half net income

The utility firm’s revenue in the six months ended June 30 rose by 2 per cent to Dhs27.2bn, supported by the contribution from SWS Holding

Empowering local talent to build Dubai's future amis properties _Getty Images

Insights: Empowering local talent to shape Dubai’s economy

We need more domestic craftsmanship and innovation to shape Dubai’s economic, cultural and aesthetic future

Air Arabia reports a 7% decrease in Q2 net profit

Air Arabia’s Q2 profit tanks by 7%, despite robust passenger demand

The budget carrier’s profit for the three months to June 30 dropped to Dhs427m, compared to Dhs459m for the same period a year ago

IAEA

Saudi Arabia increases cooperation with global nuclear monitor IAEA

Saudi Arabia’s facilities have so far been inspected under the SQP agreement with the IAEA, which offers limited international oversight

Riyadh air

Riyadh Air awards SAR1.5bn ground handling contract to SGS

The agreement, effective from September 1, spans 4.5 years with an option to extend for an additional two years

ADNOC Group’s listed units post Dhs89bn in combined H1 2024 revenue

ADNOC Group’s listed units post Dhs89bn in combined H1 2024 revenue

The robust performance reinforces the companies’ foundation for sustained growth as they continue to execute individual strategies

Dhs1,000 monthly fines? UAE's FTA urges firms to file corporate tax on time

UAE economy to grow robustly on back of real estate, tourism: OPEC

OPEC highlighted the steady expansion of the UAE’s economy, supported by strong domestic and international economic activities

AD Ports X

AD Ports Q2 net profit surges 42% to Dhs439m

AD Ports Group’s revenue more than doubled YoY to Dhs4.18bn in Q2, with the number touching Dhs8.06bn for H1,  a 108 per cent YoY increase

Izmir port

Abu Dhabi in talks with TWF for $500m Izmir Port deal: Reports

Izmir Port, part of the the Turkish Wealth Fund portfolio, is among the largest ports in Turkey in terms of container volume

The wires and cables sector is focused on decarbonisation

How the wires, cables sector is focusing on decarbonisation

The region’s wires and cables industry is spearheading innovative initiatives to mitigate its environmental impact

UAE amends labour law introduces stricter fines for violations

UAE amends labour law, introduces stricter fines for violations

The decree outlines stricter regulations on employment relationships, clearly defining the rights and obligations of all parties and ensuring their protection by UAE law

Surf Abu Dhabi to open in october

Surf Abu Dhabi all set for October opening

Surf Abu Dhabi’s WSL certification will enable the destination to host professional surfing events

Unlocking the vast potential of GCC investment in Africa Image for illustrative purposes/ Getty Images

Packed with potential: GCC investment in Africa

Last year, Gulf countries poured more than $53bn into projects on the continent, a considerably greater sum than the $10bn investment from the US over the same period

OPEC cuts 2024 oil demand forecast, citing China

OPEC cuts 2024 oil demand growth forecast, citing China

The organisation said oil demand will rise by 2.11 million barrels per day (bpd) in 2024, down from growth of 2.25 million

USS-Georgia submarine

US sends nuclear submarine to Middle East as tensions peak

A Pentagon statement said the USS Georgia, a nuclear-powered vessel, is being deployed to the Middle East

Saudi arabia investment law

Saudi Arabia amends investment law to boost FDI

The updated law fosters a level playing field for both domestic and international investors