The contracts were awarded to 36 UAE-based companies with almost 50 per cent of the value – Dhs10.5bn – being recirculated into the local economy UAE’s Aldar Properties awarded 49 contracts worth Dhs22bn for a series of projects, including infrastructure, residential, commercial, and...

The Dubai-based developer reported a 7 per cent increase in revenues to Dhs26.7bn ($7.3bn) Emaar Properties capped off a stellar 2023 with robust sales growth, a significant jump in profitability, and impressive progress in its recurring revenue segments. The Dubai-based developer...

The Shariah-compliant bank’s net operating revenues rose by 11 per cent YoY to reach Dhs11.7bn, while operating profit stood at Dhs8.5bn Dubai Islamic Bank (DIB), the UAE’s biggest Islamic bank by assets, reported a 26 per cent jump in full-year net profit, boosted by higher interest...

The regulator licenced and registered a record-breaking 117 firms during the 12 months. This reflected an increase of 25 per cent from the previous year. Dubai Financial Services Authority (DFSA) said it had an “exceptional growth” year in 2023. The regulator licenced and...

The installation of EV charging infrastructure is expected to support drivers looking to make the switch to electric vehicles The Sharjah Roads and Transport Authority (SRTA) has partnered with BEEAH to build and operate a network of electric vehicle (EV) charging stations across the...

The launch of the Fresh Corridor 2.0 will encourage two-way food trade between the UAE and the rest of the world bringing food products into the UAE Etihad Cargo, Abu Dhabi Airports, and Abu Dhabi Food Hub – KEZAD have signed a tri-party memorandum of understanding (MoU) to jointly set...

The number registered was 16,657 movements, a growth of 8 per cent over 2022, reflecting the highest movements achieved so far in the emirate The Mohammed bin Rashid Aerospace Hub (MBRAH), a free-zone destination for airlines, private jet companies, and associated industries, at Dubai...

Accommodation and food services activities witnessed a strong 11.1 per cent growth in the first nine months of the year Dubai registered a 3.3 per cent rise in the real gross domestic product (GDP) in the first nine months of 2023, as revealed by the latest figures from the Dubai Data...

Two MoUs were signed with two companies that specialise in developing and manufacturing transportation systems, as well as designing mass transportation solutions for zero emissions Dubai’s Roads and Transport Authority (RTA) has signed two key memoranda of understanding (MoUs) aimed...

The increased allocation will include investments to grow the company’s domestic and international carbon management platforms ADNOC Group’s board of directors has increased the company’s budget allocation for decarbonisation projects, technologies and lower-carbon solutions to a...