Dubai - Millionaire city

Emaar nine-month net profit sees 43% hike bolstered by property sales

Emaar Development’s net profit for the first nine months of the year touched Dhs4.1bn ($1.1bn)

Core42 sets new benchmark for Arabic LLM with Jais 30B

Abu Dhabi’s Core42 sets new benchmark for Arabic LLM with Jais 30B

The homegrown large language model offers 160 per cent longer and more detailed answers in Arabic and a 233 per cent increase in English

Growth in Dubai’s non-oil sector accelerates in October

Growth in Dubai’s non-oil sector accelerates in October

Business optimism and expectations for future activity growth hit its highest since February 2020

Binghatti branded residence

Dubai cements lead as global hotspot for luxury, branded residences

Dubai beats out the likes of international realty hotspots such as Florida, New York, and London

Emirates Group reports record $2.7bn half-year profit

Emirates Group reports record $2.7bn half-year profit

The company reported EBITDA of Dhs20.6bn, a significant improvement compared to Dhs15.3bn during the corresponding period last year

Blue Residency Visa

UAE: Sheikh Mohammed announces 10 economic principles for the next decade

The economic principles include building a digital economy and a fair legislative environment

UAE PASSPORT

GCC unified visa unanimously approved at Muscat meet

The six states approved the Schengen-style visa at the 40th meeting of the GCC Interior Ministers in Oman

IHC quarterly revenue reaches Dhs14.2bn

IHC’s quarterly revenue reaches Dhs14.2bn

The group’s assets edged up by 3.3 per cent to reach Dhs235.6bn, compared to Dhs228bn a year earlier

Cybersecurity

Interview: Positive Technologies maps cybersecurity trends in MENA

Cybersecurity threats have grown in scope and size with government and enterprises having to adopt a comprehensive approach to protect their digital assets

Dubai Investments buys additional stake in Monument Bank

Dubai Investments hikes stake in UK’s Monument Bank to nearly 17%

The investment group acquired a 9 per cent equity stake in the digital bank earlier this year

Wizz Air Abu Dhabi launches Turkistan flights

Wizz Air Abu Dhabi launches new route to Turkistan

The low-cost national carrier will now fly to three cities in Kazakhstan

UAE jobs

These are the highest paying jobs in the UAE for 2024

The UAE job market, while continuing to attract new talent, is stabilising as we head into the new year

Yahsat satellite

UAE: Yahsat reports strong quarterly results for Q3

Yahsat attributed its strong results due to the performance of its smart ICT solutions arm Thuraya Telecommunications

Dr Wijdan of King Faisal Specialist Hospital & Research on Space medicine

Interview: How KFSH&RC is supporting Saudi Arabia’s space ambitions

King Faisal Specialist Hospital & Research Centre’s Dr Wijdan Alahmadi shares the centre’s work in advancing astronaut safety and biomedical discovery

Masdar consortium wins bid for $1bn solar plant in Saudi Arabia

UAE’s Masdar consortium wins bid for $1bn solar plant in Saudi Arabia

The solar facility is expected to reach financial close early next year and connect to the grid in 2025

IHG signs second Vignette Collection property in Dubai (Image: Supplied by IHG Hotels and Resorts)

IHG signs second Vignette Collection property in Dubai

Marbella Resort Hotel, Vignette Collection The World Islands Dubai will open in 2026

UAE sends supplies to build field hospital 6 additional aircraft sent as part of GAZA relief efforts Image WAM

UAE Gaza relief: 16 planes sent with supplies for field hospital so far

The UAE dispatched five planes on November 8 with essential supplies required to set up and operate an Emirati field hospital to treat impacted Palestinians

New end-of-service benefits scheme now in force

UAE: New end-of-service gratuity scheme now in force; here’s what it offers

Employees who sign up can either receive financial benefits after the end of their employment contract or continue investing in the end-of-service scheme

ADQ-backed publishing firm completes SPAC merger with ADC

Abu Dhabi publishing firm completes Dhs623m SPAC merger with ADC

The SPAC raised Dhs1.1bn of growth capital, including Dhs734m from the previously announced PIPE transaction

MENA IPOs market to gain momentum in 2024

Positive outlook for MENA IPOs going into 2024, reveals EY report

The IPO pipeline will be driven by Saudi Arabia, where 27 companies have announced their intention to list on the Tadawul

Ad Ports Group acquires 10 offshore vessels for $200m HQ-e1680508778804

Abu Dhabi: AD Ports Group purchases 10 offshore vessels to bolster regional operations

AD Ports’ acquisition signifies an increase of around 20 per cent in offshore and subsea capacity for the group, boosting Middle East and Southeast Asia operations

Agthia Group’s nine-month revenue soars 10.9%

UAE’s Agthia Group posts Dhs3.27bn in nine-month revenue

The company reported a 12.7 per year-on-year increase in profit to Dhs205.6m, with the faster rate of growth relative to revenue

Aramco Q3 profit falls 23% on lower crude oil prices, volumes

Saudi Aramco Q3 profit falls 23% on lower crude oil prices, volumes

Net profit declined to $32.6bn for the quarter to September 30 from $42.4bn a year earlier

visa

UAE, Bosnia and Herzegovina announce visa-free travel for multiple categories

Citizens from both countries possessing valid passports will now have the privilege of visa-free travel for tourism, business, and short-term visits

Riyadh Air

Riyadh Air to announce narrowbody plane order in coming weeks

The PIF-owned airline has previously placed an order for 72 Boeing 787 widebody jets in anticipation of its launch date

Dubai Government approves Dhs246.6bn budget for 2024-2026

Dubai Government approves Dhs246.6bn budget for 2024-2026

The expenditure for the fiscal year 2024 alone is estimated at Dhs79.1bn, as the city seeks to accelerate growth and support the objectives D33

APICORP relocates to new office in Riyadh

APICORP relocates HQ to Riyadh, move aligns with new 2023-28 business strategy

The move to the new headquarters follows the approval of APICORP’s 2023-2028 business strategy, which includes a new brand identity

EDGE-ANAVIA

EDGE acquires majority stake in autonomous air systems developer ANAVIA

The acquisition will make the UAE-based defence tech company a market leader in the unmanned helicopter segment

Saudi Arabia e visa

Saudi Arabia expands investor e-visa to all countries

The list includes individuals who have a valid tourist or commercial visa from the US, the UK or any Schengen country

RED SEA GLOBAL - STC GROUP

stc Group inks strategic partnership with Red Sea Global

The agreement aims to facilitate digital transformation and empower tourist destinations along the Red Sea coast