The UAE is leading the charge in technological innovation and embracing the digital economy through forward-thinking digital asset regulation
ADNOC Distribution CEO Bader Al Lamki reveals the strategic pillars and innovative measures driving the company’s robust growth
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
The newly formed global trading and trade facilitation company will cover trade finance, consulting, commodities exchange and trade insurance
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’s recurring revenue-generating portfolio collectively generated revenue of Dhs4.6bn during H1 2024, representing 32 per cent of its total revenue
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
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
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
Siobhan Byron, EVP Universal Banking at Finastra, highlights the role of open ecosystems, cloud, SaaS, and AI in accelerating innovation
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
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
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
Hargreaves Lansdown said talks with the consortium “remain ongoing”
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
The upcoming amnesty will particularly support those who have remained in the UAE beyond the grace period