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Abu Dhabi fund for development sign MoC with IFC to invest in clean energy

Abu Dhabi Fund for Development, IFC to support investments in clean energy transition

The entities signed the agreement during the World Government Summit to support investments in emerging markets related to climate mitigation and adaptation, the adoption of clean technologies, and food security

Abu Dhabi economy achieves 10.5% growth in first 9M of 2022

Abu Dhabi economy shows 10.5% growth in first nine months of 2022: SCAD

Non-oil sectors contributed 50.3 per cent to the GDP, with an increase of Dhs39bn compared to the same period in 2021 to reach Dhs417.3bn in total by the end of Q3 2022

UAE telecom operator du posts 10.8% growth in 2022 net profit

UAE telecom operator du posts 10.8% growth in 2022 net profit

Full-year revenues grew by 9.2 per cent to total Dhs12.75bn, while EBITDA increased by 12 per cent to equal Dhs5.14bn

UAE's Julphar appoints new CEO to drive growth strategy

UAE’s Julphar appoints new CEO to drive growth strategy

Basel Ziyadeh will succeed Dr Essam Mohamed, who stepped down from the role, having joined in 2020

empower Dubai

Dubai: Empower’s net profit tops Dhs1bn for 2022

The company proposed a dividend amount of Dhs425m for the second half of 2022

ADNOC Drilling 2022 FY performance

ADNOC Drilling reports $802m net profit in 2022, reflecting a 33% YoY rise

ADNOC Drilling reported that its full-year earnings before interest, taxes, depreciation and amortisation touched $1.23bn

Air Arabia reports 70% rise in 2022 net profit

Air Arabia reports 70% rise in 2022 net profit

The airline served more than 12.8 million passengers in 2022 from its seven hubs across the UAE, Morocco, Egypt, Armenia, and Pakistan

Arada raises$50m from second tap of existing $450m sukuk

Sharjah’s Arada raises $50m from second tap of existing $450m sukuk

The second tap was executed based on investor feedback and inquiries, following extensive roadshows across the UK and GCC

RAKBANK records net profit rise of 53.4% to Dhs1.16bn in 2022

RAKBANK records net profit rise of 53.4% to Dhs1.16bn in 2022

The bank’s total income for 2022 was Dhs3.451bn, reflecting a 6.9 per cent YoY increase

Abu Dhabi to deploy laser-based technology to measure vehicle emissions

Abu Dhabi to begin clinical trials to develop new thalassemia treatment

The trials will be conducted at Burjeel Medical City, and will include clinical, radiologic, and laboratory assessments

aerial taxi vertiports prototype approved by Sheikh Mohammed. Sheikh Mohammed at the RTA stand at WGS

Sheikh Mohammed approves design for ‘flying taxi’ vertiports

The initial network of vertiports will connect four main areas of Dubai: Downtown Dubai (Burj Khalifa area), Dubai Marina, Dubai International Airport and Palm Jumeirah

World Government Summit 2023 photo twitter WGS 2023

World Government Summit 2023 kicks off in Dubai

This year’s edition is being graced by more than 250 ministers, with over 80 international, regional and governmental organisations adding value to sessions and forums

Central bank of UAE launches FIT Programme

Central Bank of UAE launches Financial Infrastructure Transformation Programme

The first stage of the programme will see the launch of the Card Domestic Scheme, an instant payments platform, and the issuance of Central Bank Digital Currency

Dubai Chambers inaugurates new office in Hong Kong

The office will promote trade from Hong Kong to Dubai and attract more businesses to the emirate

Emirates sets up humanitarian airbridge to transport aid to Syria, Türkiye

Dubai’s Emirates sets up humanitarian airbridge to transport aid to Syria, Türkiye

The emergency aid on Istanbul-bound flights will be delivered to earthquake-stricken sites in southern Türkiye and Syria

UAE weather update: Strong winds expected, temperatures may dip to 14°C

UAE weather update: Strong winds expected, temperatures may dip to 14°C

The country’s lowest temperature – 3.9°C – was recorded at 12.15am at Jais Mountain

UAE's Hope Probe to move to new orbit to study Mars' smaller moon, Deimos

UAE’s Hope Probe to move to new orbit to study Mars’ smaller moon, Deimos

Deimos is the smaller and outermost of Mars’ two natural satellites

Air Arabia Abu Dhabi to launch direct route to Kolkata

Air Arabia Abu Dhabi to launch direct route to Kolkata

The new service to Kolkata will mark the carrier’s seventh destination in India

UAE and Qatar link traffic systems

UAE and Qatar link traffic systems

The announcement was made at a meeting held in Abu Dhabi between delegates of the two countries

Arada opens first Manbat store

Sharjah’s Arada opens first permanent Manbat Shop at Aljada, aims to boost UAE’s agri sector

Located in the first residential phase of Aljada, the shop enables Manbat’s purpose to provide a link between local farmers and consumers in the UAE

UAE private sector companies must increase Emirati staff by 1% every six months

The new mechanism does not amend the annual targets, which require companies with 50 employees or more to achieve a 2 per cent increase in Emiratisation by end of the year

DEWA

Dubai’s DEWA reports 22% rise in consolidated net profit for 2022

DEWA’s annual consolidated revenue increased 15 per cent to Dhs27.35bn in 2022

MohRE's tawasul carries out over 20 million customer transactions

UAE’s MoHRE handles over 30 million customer interactions in 2022

MoHRE’s Tawasul system is the main access point for customers to inquire and file complaints related to labour market laws and regulations

Emirates Islamic issues dirham denominated sukuk

UAE’s Emirates Islamic issues dirham-denominated sukuk valued at Dhs1bn

The three-year issue witnessed robust demand and was oversubscribed by 2.5 times

McLaren Formula 1

UAE’s DP World becomes an official partner of McLaren Formula 1 team

The partnership will support the F1 team to drive enhanced efficiency, reimagining the team’s supply chain to make it faster and more sustainable

COP28

COP28 chief’s Sultan Al Jaber begins global tour

Nations should aim to raise spending on technologies including carbon capture, nuclear power and hydrogen, according to Al Jaber

Dubai's VARA introduces regulations for 2023_Dubai-Media-Office-twitter

Dubai’s Virtual Asset Regulatory Authority issues regulations for 2023

As the authority providing VA oversight across Dubai with the exception of DIFC, VARA facilitates VA-associated economic stability, investor protection, and jurisdictional resilience

UAE President sends aid worth $100m to Syria, Türkiye

As many as 5,894 people have succumbed to the devastating earthquakes in Türkiye

UAE: Sheikh Mohammed announces cabinet reshuffle

UAE: Sheikh Mohammed announces cabinet reshuffle

The country’s Prime Minister and Ruler of Dubai, announced a string of ministerial appointments

UAE’s non-oil foreign trade grows 17% in 2022

UAE’s non-oil foreign trade grows 17% in 2022

This is the first time that the country’s non-oil foreign trade has surpassed the Dhs2tn mark