The lender’s earnings surged 46% for the nine-month period Commercial Bank of Dubai (CBD), which is 20% owned by the Investment Corporation of Dubai, reported a 9.2% increase in Q3 2023 net profit to 710 million UAE dirhams ($193.30 million), compared with AED 650 million earned at the...

AirCarbon Exchange, which set up the exchange, said first trade was between First Abu Dhabi Bank and Helix Climate The Abu Dhabi Global Market, which teamed up with AirCarbon Exchange (ACX) last year to create a fully regulated carbon-trading exchange and clearing house in the emirate,...

FTS is a funds transfer mechanism in the UAE ABU DHABI: The total value of fund transfers between the UAE's banks amounted to AED10.997 trillion in the first eight months of the year, up 35.6 % from the same period last year, according to statistics released by the Central Bank of the...

The two sides also discussed the latest developments in the Middle East region and ways to protect all civilians from the repercussions of the current crisis Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, received Mélanie Joly, Minister of Foreign Affairs of Canada,...

Ticket bookings under the new agreement will commence in December for travel starting from January UAE national carrier Etihad Airways signed a codeshare agreement with Scandinavian Airlines (SAS), the flag carrier of Denmark, Norway and Sweden, this week. The codeshare is...

The elements of real estate attraction in Sharjah are witnessing an integrated diversity SHARJAH: According to the report on the performance of the real estate sector in Sharjah, which was recently issued by Sharjah Real Estate Registration Department, the value of transactions in the...

The top three countries driving 2023 room revenue gains YTD are Spain, Thailand and Italy, with Singapore and the UAE coming in a close fourth and fifth UAE-headquartered Global Hotel Alliance (GHA), the world’s largest alliance of independent hotel brands, with 800 hotels across 40...

The total number of students attending private schools in the emirate is now more than 365,000 Private schools in Dubai have registered the highest-ever increase in enrollment growth since the Knowledge and Human Development Authority (KHDA) was set up in 2007. For the first time...

Full scale and citywide operation is expected to happen in the next two years It is projected that autonomous drones will be used for last-mile delivery system in Dubai next year to make it faster and more convenient for consumers. Visitors at the recent Gitex Global 2023 were...

Plasduce Mbossa, director general of state-owned Tanzania Ports Authority which currently manages the port, said DP World will lease and operate four of the 12 berths at the country's largest port Tanzania on Sunday signed agreements with Dubai state-owned ports operator DP World to...