The shareholders are offering 1.4 billion shares, equivalent to 20 per cent of the company’s total issued share capital
The figures were part of the consolidated financial statement published by the UAE’s Ministry of Finance
The commercial venture will be implemented in early 2025 when the two carriers secure governmental approvals
Indian businesses top the list of nationalities of new companies joining Dubai Chamber of Commerce during Q1 2024 with 4,351 new members
The mBridge platform is an initiative under the CBUAE’s Financial Infrastructure Transformation programme that seeks to accelerate the digital transformation of the UAE’s financial services sector
The trade pact between the two states is expected to boost investment in Malaysia by the Gulf state’s sovereign wealth funds
The transaction achieved the largest price tightening by any UAE bank in the last five years for an additional tier 1 transaction
On World Environment Day 2024, EMIR’s Hanan Sakr makes a case for incorporating green strategies in businesses as an economic imperative
Mark your calendars for June 17 and plan to visit one of these fantastic locations in Abu Dhabi for an exciting Eid Al Adha fireworks show
Optimas AI is focusing on democratising AI, making it accessible to decision-makers, and integrating advanced risk management, governance, and privacy solutions
Paul Griffiths says the airport operator will actively collaborate with airline customers, the government, and stakeholders to bring the Al Maktoum International Airport Project to fruition
The CEO of the conglomerate says the strong pipeline of projects within the group’s portfolio will continue to drive growth
Firas Al Msaddi, CEO of fäm Properties, tells us why he thinks that Dubai’s real estate sector is more resilient than it’s ever been
NMDC Energy plans to invest $100m in the modular fabrication manufacturing facility
IndiGo, is pushing deeper into India, where it flies to 88 cities, and has doubled its global network to 33 destinations from 15 two years ago
OPEC+ agreed to extend crude oil supply cuts into 2025
The Dubai Mall expansion aligns with Dubai’s broader strategy to enhance its tourism industry
The container terminal has an annual container capacity of 1 million TEUs
The key strategy will boost the sector’s contribution to Dubai’s economy, raising it to Dhs16.8bn
Dubai has historically been a city where many people prefer renting, but visa reforms are driving a shift towards home ownership
According to UAE astronomers, Arafat Day is likely to begin on Sunday, June 16 this year
The acquisitions will give the Abu Dhabi maritime logistics firm access to Navig8’s fleet of 32 tankers and global footprint across five continents
Using an escrow account ensures regulation of funds during the construction process of the units sold, ensuring the protection of investors and their rights
No injuries have been reported in the early morning fire at Dubai Marina
Emirates President called on Boeing to compensate the airline for delays in the development of the US planemaker’s latest 777 jet
By focusing on local manufacturing and sustainability, Acino is set to play a significant role in the UAE’s pharmaceutical industry
The OPEC+ supply cuts since late 2022 have been against a backdrop of rising output from the US and other non-member producers
Prices for Parkside Boulevard are competitive, with studios starting from Dhs640,000, one-bedroom apartments from Dhs1.05m, and two-bedroom apartments from Dhs1.5m
With the inauguration of the latest studio in Dubai, Lucid now has 38 studio locations worldwide