Category : Business
Dubai Opera to host hologram event of legendary singer Halim
The Dubai Opera will host its first hologram event of the late celebrated Egyptian singer Abdel Halim Hafez who will take to the stage on 13 and 14 May during Dubai’s Eid al-Fitr festivities. Dubai Festivals and Retail Establishment announced in cooperation with New Dimension Productions (NDP) and MBC Group as the......
UAE leads the GCC in renewable and clean energy
Renewable & Clean Energy will debut as the theme for Middle East Energy’s inaugural virtual focus week on 17 May 2021, as research from Informa Markets revealed 83 GW of renewable and clean energy capacity, mainly solar and wind power, is planned across the Middle East and North Africa (MENA)......
ADIB in Q1 2021 net profits rise phenomenally to AED 608 million
Abu Dhabi Islamic Bank (ADIB) said its Q1 2021 net profit surged by 125 percent to AED608 million compared to AED 270 million in Q1 2020, and up 26 percent against Q4 2020. The growth in net profits reflects the strong underlying performance across the business, the bank said in......
Dubai Food Tech Valley – a hub for modern farming techniques
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has launched the ‘Food Tech Valley’ a new initiative that seeks to triple the UAE’s food production. The launch event was attended by members of the royalty, senior ministers and other......
Abu Dhabi Ports $1 billion bond 4.5 times over-subscribed
Abu Dhabi Ports, rated A+ (stable) by S&P and A+ (stable) by Fitch, has successfully issued US$1 billion 10-year bonds under its recently established Euro Medium Term Note Program (EMTN Program), to be jointly listed on the London Stock Exchange (LSE) and Abu Dhabi Securities Exchange (ADX). The issuance was......
UAE – Italy trade set to grow as officials plan ahead
Etihad Credit Insurance (ECI), the UAE International Investor Council (UAEIIC), Dubai Exports, the Italian Trade Agency (ITA) and Confindustria, the largest Italian industrial confederation, have discussed cooperation in various fields, including increasing exports, Foreign Direct Investment (FDI) and trade finance support between the UAE and Italy. The high-level discussion is......
UAE and Italy to strengthen cooperation – Sheikh Abdullah
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received on Sunday Luigi Di Maio, Italian Minister of Foreign Affairs. During the meeting, held at the ministry’s headquarters in Abu Dhabi, Sheikh Abdullah and Di Maio discussed ties of friendship and cooperation between the......
StandDesk launches StandDesk for business
StandDesk, a leading online retailer of sit-stand desks for consumers, is expanding to help small businesses. Launching today, StandDesk for Business offers small business owners a quick and affordable way to select and purchase high-quality commercial-grade furniture for their employees. The new program features a wide variety of ergonomic desks,......
DLD reports 40 per cent growth in real estate transactions
A total of 6,590 real estate transactions in Dubai were recorded in March 2021, valued at about AED22.9 billion, according to the real estate bulletin issued by Dubai Land Department (DLD) under the name Real Estate Updates. The bulletin revealed a growth in number by 43 percent and a growth......
Digital currencies to better serve the unbanked – Al Sayegh
Ahmed Ali Al Sayegh, UAE Minister of State, said that the UAE and China have nourished a deep respect, political confidence and support of each other for decades, with their governments working even more closely on joint activities and projects, not only to boost the Belt and Road initiative, but......