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Dubai South Signs Agreement With Agmc To Launch A New AED 500 Million State-Of-The-Art Facility
AGMC's new hub will be built to the highest standards surpassing any existing facilities The facility will house its automotive brands – BMW, MINI, Rolls Royce and other brands Dubai, UAE, 26 April 2024: Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, announced the ......Read More
Friday, April 26, 2024
Experts outline a promising future for the GCC hospitality sector, as the UAE market is forecasted t ...
Dubai offers 150,000 hotel rooms, surpassing the capacity of destinations such as London, New York City and Bangkok Riyadh has recorded a 134% growth in hotel supply, with 28,465 rooms, and Doha has doubled its room offering in the past decade The region’s hospitality sector will convene at Arabian Travel Market (ATM), which takes ......Read More
Friday, April 26, 2024
RAKEZ achieves 61% increase in new company registrations in Q1 2024
Ras Al Khaimah, 25 April 2024: Ras Al Khaimah Economic Zone (RAKEZ) recorded an impressive 61% increase in new company registrations for the first quarter of 2024, compared to the first quarter of 2023. During this period, 3,000 companies joined the thriving RAKEZ business community, marking a strong start to the year. RAKEZ Group CEO Ramy ......Read More
Thursday, April 25, 2024
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The Authority of Social Contribution – Ma'an Launches 9th Social Incubator: Entrepreneurship for Soc ...
The Ma’an Social Incubator (MSI), is designed to support the next wave of social entrepreneurs through providing funding, networking, mentorship and more. Entrepreneurship for Social Impact welcomes start-ups which aim to improve the lives of various societal groups to apply to be part of the programme by July 19. Abu Dhabi, ......Read More
Thursday, April 25, 2024
Hitachi Energy to invest additional $1.5 billion to ramp up global transformer production by 2027
Capacity expansion will increase speed to market to meet accelerating global demand, address long-term customer investments and create over 4,000 jobs. Investments spans across Europe, the Americas, and Asia leveraging existing global footprint. Around $180 million in a new state-of-the-art transformer factory in Finland, a key location for ......Read More
Thursday, April 25, 2024
e&'s AGM approves a 3-year progressive dividend policy with an annual increase of 0.03 AED per share
Dividend to reach 89 fils per share by FY 2026 e&'s AGM to approve cash dividends of 40 fils per share for H2 of 2023 Abu Dhabi, 23rd April 2024: e& announced today, during the group's Annual General Meeting (AGM), that its shareholders approved the Board of Directors' recommendation of a new progressive dividend ......Read More
Wednesday, April 24, 2024
UAE announces US$50 million commitment to the Lives and Livelihoods Fund 2.0 to advance sustainable ...
Abu Dhabi, UAE. April 23, 2024: The UAE has committed US$50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a major multi-donor development initiative that supports Islamic Development Bank (IsDB) member countries in building sustainable pathways to lift millions out of poverty. The funding will be deployed by LLF ......Read More
Tuesday, April 23, 2024
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Uruguay bullish about GCC beef and lamb export prospects
Uruguay’s free-range, antibiotic and hormone-free, grass-fed, mandatory traceability, quality-certified Halal meat is key to increasing supply in the Middle East By producing the best breeds of beef cattle on the best land in the world, Uruguay to change the meat landscape in the region Dubai, United Arab Emirates, 23 April 2024: ......Read More
Tuesday, April 23, 2024
Tourism leaders from around the world will explore how entrepreneurship and innovation are transform ...
·Arabian Travel Market 2024 will take place from 6-9 May at DWTC, with the theme: ‘Empowering Innovation: Transforming Travel Through Entrepreneurship’ The sold-out Travel Tech space at this year’s edition of ATM will be 56% larger than in 2023, with sector participation growing by a third, year on year ATM 2024 ......Read More
Friday, April 19, 2024
UAE to host Second Gulf Metrology Forum in Dubai with focus on sustainability
The forum is expected to draw broad international participation as industry leaders are set to discuss how Metrology can boost sustainability and stimulate trade. Dubai-UAE. 17 April 2024: The UAE is set to host the Second Gulf Metrology Forum in Dubai on 22-23 April where industry leaders will discuss the critical role of Metrology in achieving net zero targets and enhancing economic growth. The forum is jointly organized by the Ministry of Industry and Advanced Technology (MoIAT) and GULF Association for Metrology (GULFMET) with sponsorship from the Abu Dhabi Quality and Conformity Council, which is represented by the Emirates Metrology Institute, with its responsibility for ......Read More
Thursday, April 18, 2024
Diriyah Company Group Ceo Jerry inzerillo appointed united nations Tourism Ambassador
Prestigious accolade granted in New York during first ever UN Sustainability Week Honor granted to recognize Jerry Inzerillo’s career-long commitment to innovation in visionary tourism development Joins elite group of nearly 50 tourism ambassadors from business; sport; the arts and gastronomy who include Georgio Armani; Lionel Messi and Placido Domingo NEW YORK – APRIL 16, 2024 – Diriyah Company Group CEO Jerry Inzerillo has been appointed a United Nations Tourism Ambassador during the first ever UN Sustainability week in New York. The accolade recognizes his achievements as a global visionary in the hospitality industry and internationally acknowledged ......Read More
Tuesday, April 16, 2024
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Majid Al Futtaim's ‘State of the UAE Retail Economy' Report Reveals Double-Digit Consumer Spending I ...
The UAE’s GDP grew by 3% in 2023, backed by a strong performance in its non-oil sectors. UAE consumer spending rose 13% year-on-year in 2023, propelled by a 14% increase in retail spending and a 12% increase in non-retail spending. E-commerce spending continued growing in 2023, with a 15% growth rate since 2022. Travel and tourism contributed as major economic drivers for the UAE, with hotel occupancy hitting a record high of 77% in 2023. Property prices in Dubai increased by over 20% annually in 2023, making the city the second-fastest growing real estate market in the world. UAE residents show confidence in their future, with 91% of respondents to the Majid Al Futtaim ......Read More
Friday, April 5, 2024
OQ Group Reports OMR 970 Million Profit in 2023, with 408 Million OMR in ICV
Muscat, April 2024 – OQ, the global integrated energy group, released today its financial results for 2023. The company reported a revenue of OMR 13.7 billion, earnings before interest, taxes, depreciation and amortisation (EBITDA) of OMR 1.975 billion, and a net profit of OMR 970 million. This outstanding performance reflects robust operational achievements across the Group's businesses. Key factors included increased production volumes, strong Oman Export Blend (OEB) and refined product prices, operational excellence across the assets, and gains from divestment activities. The achievement of this level of operational, financial, and strategic performance in 2023 reflects ......Read More
Thursday, April 4, 2024
Growing UAE Saving Culture Propels National Bonds Investments to Record AED 14 billion in 2023
National Bonds distributed AED 2.9 billion in profit payouts and prizes Bond holders have earned up to 5.84% in returns on their savings for 2023 Dubai, UAE, 02 April 2024: National Bonds, a leading Sharia-compliant savings and investment company in the UAE, today announced another remarkable year marked by significant growth, ......Read More
Wednesday, April 3, 2024
UAE and Kenya sign Investment Memorandum to advance digital infrastructure and AI initiatives
UAE and Kenya sign Investment Memorandum to advance digital infrastructure and AI initiatives His Excellency Mohamed Hassan Alsuwaidi: “This memorandum is set to accelerate the development of a sector that has the potential to become a growth driver for other industries” Abu Dhabi, UAE, 29th March 2024 – The ......Read More
Saturday, March 30, 2024
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ADNOC Distribution Shareholders Approve New Five-Year Dividend Policy As Company Reinforces Focus On ...
Shareholders approve H2 2023 dividend of AED1.285 billion (10.285 fils per share), bringing 2023 total dividend to AED2.57 billion (20.57 fils per share) ADNOC Distribution has provided shareholders with a 90% return on their investment since its initial public offering in 2017 New five-year dividend policy sets annual dividend of ......Read More
Thursday, March 28, 2024
Hotpack Global MD emerges Founding VC of Paper and Tissue Business Group at Dubai Chamber of Commerc ...
Dubai – March 28, 2024: Mr. Abdul Jebbar P. B., Founder and Group Managing Director of Hotpack Global, the UAE-based global leader in packaging products, has been appointed as the Founding Vice Chairman of the Paper and Tissue Business Group under the esteemed Dubai Chamber of Commerce, says a press statement issued by the ......Read More
Thursday, March 28, 2024