2022 — Topical news of the United Arab Emirates

October 31, 2022 no comments 2692
Occupancy levels for its commercial and industrial assets were 83.5 per cent, registering the third sequential growth and a significant increase from the previous year Tecom Group announced that its revenue for the first nine months of the year ending September 30 increased by 15 per...

October 31, 2022 no comments 487
The group announced a net profit of 2.13bn for the nine-month period, ending September 30, registering a 38 per cent year-on-year growth Abu Dhabi-based Aldar announced a ninth consecutive quarter of record-breaking group sales, with year-to-date sales standing at Dhs9.3bn, surpassing...

October 31, 2022 no comments 433
The holding company’s revenues also grew significantly, standing at Dhs26.6bn, which represents a year-on-year increase of 133 per cent Abu Dhabi-based Alpha Dhabi Holding reported a net profit of Dhsbn, up 150 per cent year-on-year from Dhs3.6bn, when it announced its financial...

October 29, 2022 no comments 486
The agreement provides a framework for facilitating cross-border collaboration between the two authorities on supervision and enforcement actions. The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with the Bangladesh Securities and Exchange...

October 29, 2022 no comments 403
The new corporate identity underpins future growth plans for the airports operator Abu Dhabi Airports, which operates five airports across the emirate, has unveiled a new corporate identity. The refreshed brand architecture, unifying the visual identity of Abu Dhabi Airports and...

October 28, 2022 no comments 469
The lender posted total income of Dhs22.7bn, rising 31 per cent year-on-year Dubai-based lender Emirates NBD reported Dhs9.1bn in net profit for the first nine months of the year, increasing 25 per cent year-on-year. Meanwhile, its Q3 profit stood at Dhs3.8bn, up 51 per cent...

October 26, 2022 no comments 486
The pact includes recommendations and actions that support the production and distribution of sustainable food systems and supply networks Abu Dhabi has signed the Milan Urban Food Policy Pact (MUFPP), showing its commitment to reducing food waste and developing a more sustainable food...

October 26, 2022 no comments 459
The acquisition will support Masdar’s offshore wind and renewables investment strategy Abu Dhabi-based renewable energy company Masdar has acquired UK-based battery energy storage system (BESS) developer Arlington Energy, it announced on Tuesday. The acquisition will enable Masdar...

October 25, 2022 no comments 434
The partnership aims to deploy at least $1bn of long-term capital, providing bespoke credit solutions to companies and sponsors Global investment firm KKR and Mubadala Investment Company (Mubadala) have signed a strategic partnership to co-invest across performing private credit...

October 25, 2022 no comments 438
As the host financial centre for GEFI’s Path to COP28 programme, DIFC will support a series of report launches, roundtables and community engagements during the next 12 months The Dubai International Financial Center (DIFC) has entered into a one-year partnership with the Global...

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