News Dubai International Chamber backs UAE-based Meerana's partnership with Vietnamese tech firm FPT. Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has facilitated a strategic partnership between UAE-based Meerana Technologies and FPT, a Vietnamese technology company, to collaborate in empowering UAE nationals and delivering advanced technology solutions locally. The collaboration will enable Emiratis to acquire digital
News In the first half of 2024, Qasr Al Watan Library saw a 46% increase in visitor numbers. In the first half of 2024, the number of visitors to Qasr Al Watan Library increased to nearly 270,000, up from 185,000 in the same period last year, indicating a growth rate of 46 percent. The library, affiliated with the Abu Dhabi Arabic Language Centre (ALC), is a
News SCCI and the Indonesian Ambassador met to discuss investment relations. The Sharjah Chamber of Commerce and Industry (SCCI) and the Embassy of the Republic of Indonesia in the UAE discussed ways to enhance economic cooperation. The focus was on strengthening trade and investment relations between the private sectors of the UAE, specifically Sharjah, and Indonesia. They also talked about promoting
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News Etihad Airways' profits increased by 48% to AED851 million in H1-24. Etihad Airways announced its financial results for the first half of 2024, revealing a 48 percent increase in profit after tax, totaling AED 852 million (US$232 million), a significant rise from AED 577 million (US$157 million) in the first half of 2023. Total revenue rose by 21 percent
News UAE Ambassador is looking into strengthening technological cooperation with Colombia. To strengthen the relationship and cooperation between the UAE and the Republic of Colombia, Mohammed Abdullah Al Shamsi, UAE Ambassador to Colombia, met with Yesenia OlayaRequene, Minister of Science, Technology, and Innovation of Colombia. During the meeting, they discussed collaborating in technology, AI, digitization, and smart applications. Al Shamsi emphasized
News The Director of the MoFA Dubai Office has accepted the credentials of the Indonesian Consul-General. Sheikh Maktoum bin Butti Al Maktoum, Director of the Ministry of Foreign Affairs (MoFA) Dubai Office, met with Denny Lesmana, Consul-General of the Republic of Indonesia in Dubai, and received his credentials. Maktoum welcomed the Consul-General and praised the political, economic, commercial, and investment relations between the two friendly countries.
News ADNOC Distribution has reported a net profit of $170 million in the second quarter of 2024. ADNOC Distribution has announced its financial results for the second quarter of 2024. The company reported a 15.0% year-over-year increase to $267 million in Q2 2024 EBITDA and a 12.9% year-over-year rise in net profit to $170 million. Excluding the impact of the UAE corporate tax, net profit
News In the past decade, a study found that the waters of the Great Barrier Reef were the hottest they've been in 400 years. Ocean temperatures in the Great Barrier Reef reached their highest level in 400 years during the last decade, according to researchers. They warned that the reef is unlikely to survive if global warming is not halted, as reported by the Associated Press (AP). Between 2016 and 2024, the Great Barrier
News WHO will have an emergency committee meeting to evaluate the spread of mpox. The World Health Organization (WHO) has called for an emergency meeting regarding an outbreak of mpox, formerly known as monkeypox, which has spread outside the Democratic Republic of the Congo (DRC). WHO Director-General Tedros Adhanom Ghebreyesus has convened an Emergency Committee to provide advice on whether the outbreak constitutes a
News Sharjah has established 18 charity complexes worldwide in the first half of 2024. The Sharjah Charity International (SCI) has established 18 new complexes in different countries during the first half of this year, costing AED6.7 million. This exceeds the 17 complexes set up during the same period last year. The new facilities comprise 13 complexes in Bangladesh, two in Tajikistan, two in
News Emaar Properties earned AED14.4 billion in revenue in the first half of 2024. Emaar Properties has announced its financial results for the first half of 2024. The company reported total revenue of AED 14.4 billion ($3.9 billion) and a net profit before tax of AED 7.8 billion ($2.1 billion), marking a 17% and 33% growth, respectively, compared to the
News AE banks extended AED25.7 billion in credit facilities to business and industrial sectors in 5 months. The UAE national banks provided a total of AED25.7 billion in credit facilities to the business and industrial sectors during the first five months of 2024, as per the recent data released by the Central Bank of the United Arab Emirates (CBUAE). During this period, the cumulative credit balance
News Spinneys has approved an interim dividend of AED103 million for H1-24. Spinneys has reported its financial results for the six-month period ending on 30th June 2024. First-half revenues reached a record high of AED 1.6 billion, showing a 9.9% increase year-on-year, with a profit of AED146 million, up 15.2%. In a statement on Thursday, Spinneys announced that it
News In the first half of 2024, the market capitalization of Arab stock exchanges reached $4.17 trillion. The Arab Monetary Fund (AMF) reported that the market cap of Arab stock exchanges surpassed $4.174 trillion at the end of the first half of 2024. The market value of some of the major stock exchanges are as follows: * Abu Dhabi Securities Exchange: $761.54 billion * Dubai Financial Market:
News The Industry Development Council is meeting for the sixth time to discuss growth enablers and future industrial sector plans. Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of the Industry Development Council, chaired the sixth meeting of the Industry Development Council. The council aims to enhance the performance and competitiveness of the UAE’s industrial sector, providing more investment opportunities, enablers, and quality
News Kazakhstan Stock Exchange and KACC have signed an agreement with ADX to join Tabadul Hub. Kazakhstan Stock Exchange (KASE) and KASE Clearing Centre (KACC) have become the sixth member to join the Tabadul Digital Exchange Hub. This collaboration is aimed at facilitating cross-border trading between the exchanges and expanding investment opportunities. Tabadul, launched by Abu Dhabi Securities Exchange (ADX) in 2022, is a digital platform
flydubai lands in Basel Flydubai has launched direct flights from Dubai to EuroAirport Basel-Mulhouse-Freiburg (BSL). This service operates four times a week, marking a significant expansion of the carrier's European network. With Basel, flydubai's European destinations now total 29, including cities such as Budapest, Catania, Krakow, Milan-Bergamo, Prague, Salzburg, and
GUIDE DEWA Green Initiatives: Fostering Sustainability In the global landscape of environmental sustainability, few entities stand as prominently as the Dubai Electricity and Water Authority (DEWA). With a visionary outlook and unwavering commitment to environmental stewardship, DEWA has positioned itself at the forefront of the green revolution, spearheading transformative initiatives that echo far beyond the borders
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News The UAE-China Summit was announced at ADGM's China Roadshow. Abu Dhabi Global Market (ADGM) recently completed a series of high-level engagements in China and took part in the Shanghai Investment Summit organized by the Abu Dhabi Investment Office (ADIO). The summit was attended by 200 industry and financial executives from China and Hong Kong. The roadshow covered Shanghai and
News Dubai Police has signed a memorandum of understanding (MoU) to enhance its Smart Boat Project. Dubai Police and Radio Holland-Middle East have signed a Memorandum of Understanding (MoU) to enhance cooperation and coordination. This collaboration aims to support and exchange expertise in scientific and technological fields to advance the force's Smart Boat Project (Haddad). The MoU was signed by Major General Dr. Saleh
News In the first half of 2024, rental transactions in Ajman increased by 49%. Ajman's rental market saw a substantial 49 percent increase in transaction value during the first half of 2024, reaching AED2.277 billion, as reported by the Ajman Municipality and Planning Department. Abdulrahman Al Nuaimi, the Director-General of the Department, stated that the surge in transactions reflects Ajman'
News The DoH has released Healthcare Workforce Bioethics Guidelines to improve healthcare quality in Abu Dhabi. The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, has published comprehensive Healthcare Workforce Bioethics Guidelines as a pioneering step towards ensuring standardized ethical practices in Abu Dhabi’s dynamic healthcare sector. Built on best practices and in consultation with subject matter experts,
News "WHO warns that mass displacement in Gaza raises infectious disease risks." The World Health Organization (WHO) has issued a concerning warning about the severe impact of mass displacement in Gaza on public health. The overcrowding, lack of proper shelter, and poor water, sanitation, and hygiene conditions are creating a heightened risk of communicable diseases. In a heartfelt statement on Tuesday, WHO