The company’s shareholders approved the payment of H2 2022 dividend of Dhs3.1bn and a one-time special dividend of Dhs1.67bn Dubai Electricity and Water Authority (DEWA) shareholders have approved a record dividend of $1.3bn (Dhs4.77bn) for the second half of 2022, bringing the total...

The UAE Ministry of Finance has listed those who are exempt from registering for corporate tax UAE Ministry of Finance has announced that certain persons are exempt from registering for Corporate Tax. The authority issued a Ministerial Decision No. 43 of 2023 on Exception from Tax...

The company plans to use the proceeds from the new investment to accelerate its ambitious vision to create the first ‘everything app’ UAE telecoms operator e& Group signed a binding agreement with Uber Technologies to acquire a 50.3 per cent stake in Careem Super App, in a deal...

The bank said it continuously explores opportunities to boost shareholder value but does not foresee any transaction of this nature materialising in 2023 Abu Dhabi Commercial Bank (ADCB) said it is not in talks with funds to sell $3.68bn (Dhs13.5bn) of non-performing loans (NPLs) after...

Dubai Police are clamping down on illegal street vendors during Ramadan 2023 Dubai Police have arrested 88 street vendors since start of Ramadan. The Infiltrators Control Department, in collaboration with police stations and strategic partners, are clamping down on street vendors...

Sources with knowledge of the expansion of Dubai World Central have said that talks among officials are ongoing It is reported that Dubai is considering the possibility of resuming its largest construction project - the expansion of Al Maktoum International Airport, MEED reports,...

The company’s full-year revenue jumped 11.8 per cent to $517m, driven by an increase in revenue from toll usage fees Shareholders in Salik have approved a total dividend of $134m (Dhs491m), which translate to 6.55 fils per share, for the second half of 2022. The shareholders’...

The trade and investment exchanges between the UAE and Vietnam totalled Dhs13.5bn in 2022, up 9 per cent from 2021 The UAE and Vietnam have agreed to start talks on establishing a comprehensive economic partnership agreement (CEPA), as the two countries seek to promote collaboration in...

UAE to Canada flights increase by 50 per cent to meet increased demand The UAE and Canada have announced a deal to provide more flights between the two countries. This significant move will better accommodate the growing UAE to Canada air transport market, improve global...

UAE astronaut Sultan Al Neyadi will make history as the first Arab to walk in space on April 28 UAE Astronaut Sultan Al Neyadi will make history by being the first Arab to walk in space later this month. Inspirational Al Neyadi and his Crew-6 teammates docked with the...