Board proposes cash dividend of 1.1 fils per share Abu Dhabi National Energy Co. (TAQA) has posted its net profit for the fourth quarter 2021 at 1.7 billion dirhams ($463 million) compared to 1.5 billion dirhams in Q4 2020, mainly on higher oil and gas prices. Revenue for the...

SCM is keen to achieve the happiness of residents and visitors and strengthen the status of Sharjah as an ideal destination for living SHARJAH: Marwan bin Jassim Al Sarkal, Executive Chairman of Sharjah Investment and Development Authority (Shurooq) and the entity’s officials recently...

Dubai is facing increased competition from Saudi Arabia Dubai plans to attract 50 multinational companies within three years, the emirate's government media office said on Wednesday citing a statement from the Dubai International Chamber. The plan is part of a three-year strategy...

Bank says fundamental outlook remains supportive Emirates NBD has said it expects 2022 to be a “year of many uncertainties”, although the fundamental backdrop remains supportive and positive returns will continue. The bank, which recently released its 2022 Outlook, said...

Venues will be allowed to function at maximum capacity by mid-February The United Arab Emirates will gradually lift restrictions imposed to check the spread of the COVID-19 pandemic, as the number of infections and hospitalisations has gone down, the state news agency WAM reported on...

UAE led all 50 countries in the Index in creating the best business conditions and in the area of digital readiness DUBAI: The United Arab Emirates ranks No. 1 overall as the most competitive emerging market in GCC and No. 3 globally after only giants China and India, according to the...

The Ministry of Health and Prevention (MoHAP) announced 1,704 new coronavirus cases, bringing the total number of recorded cases in the UAE to 859,361. The Ministry stressed in a statement on Monday that its aim to continue expanding the scope of testing nationwide to facilitate the...

S&P looks at the implications of new tax on rated companies The UAE’s recently announced corporate tax could put pressure on businesses, but the impact will be manageable and will not spoil the creditworthiness of rated corporates, according to a new report. On the upside,...

In line with enhancing environmental sustainability and encouraging individuals to reduce the excessive use of plastics, The Executive Council of Dubai has approved the policy to limit single-use bags by imposing a tariff of 25 fils on single-use bags used for carrying goods, starting from July...

The Emirates Mars Mission, the first interplanetary mission undertaken by an Arab nation, has released the second tranche of observations to a global audience of scientists, researchers, educationalists and enthusiasts. Over 76 GB of raw data has been uploaded to the EMM Science Data...