Home next GCC next UAE

UAE

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

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

In numbers: Dubai's public transport H1 milestones

In numbers: Dubai’s public transport H1 milestones

Dubai’s RTA has committed to achieving a 25 per cent public transport share by 2030, a target that is steadily gaining momentum

Abh-dhabi-dubai - liveability

Global Liveability Index 2024: Abu Dhabi, Dubai top rankings in Middle East and Africa

Abu Dhabi reinforced its reputation as a safe city while Dubai grew its healthcare infrastructure

parkin

Parkin reports strong H1 2024 results amid expansion in Dubai

For the first half of 2024, Parkin reported a 10 per cent increase in total revenue, reaching Dhs421m

ADNOC GAS reports Q2 2024 results Habshanstaff

ADNOC Gas Q2 net income rises 21% to $1.19bn

The company’s revenues for the quarter reached $6.8bn, up 13 per cent YoY, marking the third consecutive quarter with revenues exceeding $6bn

Hargreaves Lansdown

ADIA, CVC to buy out UK’s largest investment platform Hargreaves Lansdown in $6.9bn deal

The takeover of the platform has the backing of co-founders and top shareholders Peter Hargreaves and Stephen Lansdown

UAE issues new decree to bolster AML CFT regulatory framework GettyImages

UAE issues new decree-law to bolster AML, CFT regulations

This move is part of the UAE’s ongoing efforts to enhance its legal and regulatory framework in the fight against financial crimes

RAK Properties posts 19% rise in H1 revenue amid strong demand

RAK Properties posts 19% rise in H1 revenue amid strong demand

The company’s profit before tax also saw an 11 per cent uptick, reaching Dhs98m, as it continued to invest heavily in its development pipeline

ADQ to buy minority stake in Sotheby’s

Abu Dhabi’s ADQ to acquire minority stake in Sotheby’s

The deal, valued at approximately $1bn, marks a significant partnership aimed at supporting Sotheby’s growth and innovation plans

Flydubai launches flights to Basel in August 2024 image flydubai

Aviation: flydubai launches direct flights to Basel

The addition of Basel brings the carrier’s European network to 29 destinations, including cities like Budapest, Milan and Prague

UAE visa

Everything you need to know about Dubai’s tourist visa options

Getting a visa to visit Dubai, Abu Dhabi or any other city in the UAE is a breeze, thanks to multiple application avenues

US MILITARY AIR-FORCE-F-22-RAPTORS-DOD

US boosts military capability in the Middle East, sends F-22 jets

The US has an estimated 30,000 to 45,000 military troops stationed across the Middle East, spread over more than a dozen countries

Burjeel Medical City

Burjeel Holdings’ H1 net profit rises 5.9% to Dhs238m

Burjeel Holdings remains focused on expanding its oncology services, which are expected to play a key role in boosting future revenue streams

Etihad airways Nairobi

Etihad Airways resumes flights to Nairobi

The airline will operate four weekly non-stop flights between Abu Dhabi and Nairobi

UAE suspends 32 gold refineries for AML/CTF lapses

UAE temporarily suspends 32 gold refineries for AML/CTF lapses

The ministry of finance said its inspections of the refineries uncovered 256 violations, eight for each refinery

How blockchain lift barriers, unlock growth in Islamic finance

How blockchain can overcome barriers, unlock growth in Islamic finance

The UAE is leading the charge in technological innovation and embracing the digital economy through forward-thinking digital asset regulation

ADNOC DISTRIBUTION CEO - SUPPLIED

Exclusive: Bader Al Lamki discusses ADNOC Distribution’s double-digit growth and future plans

ADNOC Distribution CEO Bader Al Lamki reveals the strategic pillars and innovative measures driving the company’s robust growth

DEWA announces H1 2024 results

DEWA reports H1 net profit at Dhs2.6bn, revenue growth of 7.3%

As of June 30, the utilities major had 1,236,845 electricity and water customer accounts, an increase of 52,134 (4.4 per cent) compared to the same period last year

Dr. Thani bin Ahmed Al Zeyoudi named chairman of rorix holdings image: Supplied

Dr Thani bin Ahmed Al Zeyoudi to chair IHC’s Rorix Holdings

The newly formed global trading and trade facilitation company will cover trade finance, consulting, commodities exchange and trade insurance

Etihad reports record $232m profit in H1 2024

Abu Dhabi’s Etihad posts record $232m half-year profit

The national airline carried 8.7 million passengers in the January-June period, a 38 per cent increase compared to the same period last year

Emaar Properties' H1 revenues hit $3.9bn, profits rise

Emaar Properties’ H1 revenues hit $3.9bn, profits rise

Emaar’s recurring revenue-generating portfolio collectively generated revenue of Dhs4.6bn during H1 2024, representing 32 per cent of its total revenue

Spinneys H1 net profit rises 15.2%, to pay out interim dividend of Dhs102.6m

Spinneys H1 net profit rises 15.2%, Dhs102.6m in interim dividend approved

The company’s gross profit rose by 12.3 per cent year-on-year to Dhs659m, with a gross profit margin of 41.3 per cent, up 90 basis points from the previous year

(Image: Supplied by Wynn Resorts)

Wynn Al Marjan: CEO Craig Billings reveals new investment in RAK, GCGRA licence timeline

While the exact timeline for obtaining a gaming licence remains uncertain, Billings noted that the creation of GCGRA provides clarity for investors and financial institutions

Emaar Development reports 56% rise in property sales for H1

Emaar Development reports 56% rise in property sales for H1

In  H1 2024, the company reported revenue of Dhs7.3bn ($2bn) and EBITDA of Dhs3.4bn ($922m)

Renty's Yevhen Parokhod on running a successful business in the UAE

Renty’s Yevhen Parokhod on running a successful business in the UAE

Yevhen Parokhod, the founder of Renty.ae, shares insights on starting a car rental business in the UAE and discusses challenges and opportunities

GCC markets Image: Getty Images - ipo

Most GCC markets extend gains as US recession fear fades

Market watchers called worries of a recession in the US economy “not in line with economic fundamentals”

Abu Dhabi’s ADX, KASE partner to boost cooperation

ADX, Kazakhstan Stock Exchange join forces to boost cooperation

The partnership seeks to advance cross-border trading between the exchanges and expand investment opportunities