February 2024 — Topical news of the United Arab Emirates

February 15, 2024 no comments 494
Pictet Wealth Management’s head of the CIO Office and Macro Research tells us that the UAE is at the heart of a networking hub that attracts innovation and ambition The GCC region has emerged as a hub of wealth creation. What’s luring high net-worth individuals and wealthy families?...

February 13, 2024 no comments 537
The Dubai-listed firm proposed a final dividend of Dhs425m for 2023, which will be paid by April 2024 Empower, also known as Emirates Central Cooling Systems Corporation, reported an 8.7 per cent increase in annual revenue to Dhs3.04bn year-on-year (YoY), driven by a surge in the...

February 13, 2024 no comments 584
The UAE consolidated its status as the preferred destination for investors due to its business-friendly regulations and efficient legal framework Mergers and acquisitions (M&A) activity in the Middle East and North Africa (MENA) region rose by 4 per cent to $86bn in 2023, supported...

February 13, 2024 no comments 595
These measures are part of the authorities’ preparations to manage traffic congestion and ensure public safety during the designated period The Abu Dhabi Police Traffic and Patrol Directorate announced a temporary ban on the entry of certain heavy vehicles and buses transporting...

February 12, 2024 no comments 553
The company attributed the growth to its highest-ever quarterly development sales of Dhs8.5bn in Q4, with full-year sales reaching a record Dhs27.9bn Aldar Properties has reported a record surge in net profit for 2023, driven by new development sales and an expanded investment...

February 12, 2024 no comments 556
The station boasts a notable speed of 11 miles per hour, allowing it to swiftly reach incident locations In a groundbreaking move, Dubai Civil Defense has launched the world’s first sustainable mobile floating fire station, marking a significant leap forward in maritime emergency...

February 12, 2024 no comments 624
The National Centre of Meteorology has issued weather warnings until February 13, with hail, thunder, lightning, rainfall and high winds expected throughout Monday Residents of Dubai and Abu Dhabi received safety alerts from the authorities at 6am on Monday, February 12, alerting...

February 11, 2024 no comments 703
Abu Dhabi’s international Airport is now officially Zayed International Airport in honour of the UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, and his legacy of connecting the UAE to the world. The renaming ceremony, attended by dignitaries and stakeholders, was led by...

February 10, 2024 no comments 512
A new weekend-only bus service, W20, will run from Friday to Sunday, from Stadium Metro Station to Al Mamzar every half hour between 5 pm and 11 pm Have plans to visit Al Mamzar this weekend? If you do, ditch your car (and cut your carbon footprint) and take the bus to this popular...

February 10, 2024 no comments 501
The system demand for power surged to 56.5 TWh in 2023 while water demand grew by 5.2 per cent to reach 144.1 billion imperial gallons Dubai utility firm DEWA has reported a 7 per cent increase in annual revenues to Dhs29.2bn ($7.95bn), driven by higher demand for energy, water and...

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