In H1 2024, the company reported revenue of Dhs7.3bn ($2bn) and EBITDA of Dhs3.4bn ($922m)
Yevhen Parokhod, the founder of Renty.ae, shares insights on starting a car rental business in the UAE and discusses challenges and opportunities
Market watchers called worries of a recession in the US economy “not in line with economic fundamentals”
The partnership seeks to advance cross-border trading between the exchanges and expand investment opportunities
As part of ‘Our Flexible Summer,’ work will be suspended on Fridays, and the workday will be reduced to seven hours for the participating Dubai government entities
The arena will feature 20 Grand Turismo simulators, including 17 adult seats and three seats tailored for younger guests
Emirates currently operates its refurbished aircraft to 17 destinations including New York JFK and London Heathrow
Currently available in Egypt and Kuwait, and soon to be launched in the UAE, EFG Hermes ONE grants users access to 35 global markets through OLT
Siobhan Byron, EVP Universal Banking at Finastra, highlights the role of open ecosystems, cloud, SaaS, and AI in accelerating innovation
The sale aligns with Aramco’s downstream expansion and Sumitomo Chemical’s move away from commodity chemicals
The UAE real estate market’s continued growth across the emirates is being driven by strong economic fundamentals, government initiatives, and strategic investments, according to Asteco’s latest report
The holding firm’s financial position is backed by its total assets of Dhs362.9bn as of June 30
ACWA Power continued its expansion through the period, adding a record 10.5GW of renewable power generation capacity to its portfolio
The new company will provide comprehensive services and advanced solutions designed to accelerate trade volumes, attract foreign investment, and promote economic partnerships
Dubai International Airport welcomed 44.9 million passengers in the first half of the year
Amin Nasser said he expects global oil demand of 104.7 million bpd in 2024
The duo will work together to conclude a detailed sale and purchase agreement in the coming months
The increase in visa applications coincides with the peak travel season, influenced by favourable European weather and major events such as the 2024 Paris Olympics
The NCM warned motorists and residents to exercise caution in areas seeing heavy rainfall
Non-oil economy increased 3.3 per cent in the January-March period, contributing almost 85.9 per cent to overall GDP
Oracle’s footprint expands to eight cloud regions in the Middle East and North Africa region
The energy firm declared dividends of $31.1bn for the second quarter, including $10.8bn in performance-linked payouts
Hargreaves Lansdown said talks with the consortium “remain ongoing”
The deal comes just ahead of Lucid’s planned production of its much-awaited Gravity SUV later this year
All three major indexes registered their biggest three-day percentage declines since June 2022
Developed through training on 370 billion tokens – 330 billion of which are Arabic – the new LLM represents the largest Arabic dataset ever used for an open-source foundational model
The NCM forecasts the eastern and southern regions of the country will experience some rain showers, due to a ‘Intertropical Convergence Zone’
Sidara had received a deadline extension twice, over June and July, to make a final offer for Wood Group
The company posted a quarterly net profit of $295m, a 28 per cent increase from $228m in Q2 2023
The acquisition marks Enersol’s third deal, bringing the company’s total commitments to approximately $550m