The carrier said the seasonality shift in Ramadan, higher fuel prices and currency fluctuations in key markets hurt its profit in Q1 2024
The weather agency has forecast intermittent showers for parts of the country
The Falcon 2 series come as companies and countries are racing to develop their own large language models following the 2022 release of ChatGPT by OpenAI
At its core lies Jais 30B, touted as the world’s most performant Arabic Large Language Model
Emirates airline, the UAE’s flagship carrier, reported a new record profit of Dhs17.2bn
The penthouse, which boasts unparalleled views and lavish amenities, commanded an impressive price of Dhs10,715 per square foot
For decades, India’s spice makers MDH and Everest have been ubiquitous in kitchens around the world, with their products being essential ingredients in a range of preparations
The UAE outpaces global averages in attracting expatriates, particularly lauded for its prowess in innovation and digitalisation
Goldman still expects Brent crude futures to remain in a range of $75 to $90 a barrel in most scenarios
According to JLL, in Q1, around 10,000 units were delivered in Dubai and 1,600 in Abu Dhabi, marking strong growth in the UAE’s residential sector
The financial regulator registered a 50 per cent year-on-year increase in licence applications across all business models
Following the acquisition, Eni holds a 60 per cent stake of Block 7, SNOC 30 per cent and RAK Gas 10 per cent
Dirham-rupiah trade is expected to reduce transactional costs for businesses while strengthening financial cooperation
A shareholder agreement among Etihad Rail, Oman Rail and Mubadala Investment Company has been signed to kick off the project
Parkin reported that total revenue grew by 8 per cent, with public parking revenues up 11 per cent
The wind farm, which is on track to start operations by the end of the year, will consist of 50 wind turbines built on monopile foundations
The company’s profit for the January-March period dropped to Dhs651m, compared to Dhs763m during the same period a year earlier
Egypt promised the IMF in the March agreement it would resume tightening if necessary to prevent further weakening of its economy
The approval comes as Mubadala agreed to let Fortress commit to keeping technology and data in the US
The mining company’s strategic investment in ANS Exploration represents a proactive approach to identifying and collaborating with partners that exhibit promising growth prospects
The airline carried 4.2 million passengers in the January-March period, while passenger revenue came in at Dhs966m
The 10-year issuance marks Aldar’s second green sukuk, following its inaugural $500m sukuk issued in May last year
Flexible working hours and remote working options are also being considered as part of the strategy to reduce traffic congestion during peak hours
The initiative is the first of its kind in the region and seeks to address the escalating concern of light pollution by presenting a blueprint for responsible lighting practices
The company’s shares started trading at Dhs1.70, against its IPO price of Dhs1.53, the top end of the price range
UAE retail industry legend Colm McLoughlin to step down after 41 years at Dubai Duty Free
The two entities will promote the city’s business-friendly policies and processes, ultra-modern infrastructure, and innovation-led economy
The trials were part of an exhibition by the Multi-Level Group, as part of the Abu Dhabi Mobility Week that took place last week
The Dubai-based carrier will launch flights to the 10 popular seasonal summer destinations between June and September
Dubai ranks at the 21st position in the recently released 2024 World’s Wealthiest Cities report