Empower revenue soars to $824m in 2023; net profit up
Emirates Central Cooling Systems Corporation (Empower) has announced that it had registered its highest-ever revenue of AED3.03 billion ($824 million) for the fiscal year 2023, thus marking a significant growth […]
Aldar reports record 40% net profit on sales surge
Aldar Properties has reported a record surge in net profit for 2023, driven by new development sales and an expanded investment portfolio. In a statement released on February 9, Aldar […]
ADEX, Mashreq and ADCB to provide up to $100m to BGN
Abu Dhabi Exports Office (ADEX), Mashreq and Abu Dhabi Commercial Bank (ADCB), have signed a financing facility with BGN offering up to $100 million to facilitate the export of energy […]
SCCI, Oman Chamber seek to enhance investment ties
The Sharjah Chamber of Commerce and Industry and the Oman Chamber of Commerce and Industry branch in North Al Batinah Governorate, discussed ways of enhancing cooperation in the investment field […]
UAE-Kuwait in deal to eliminate double taxation
The UAE and Kuwait have signed an agreement that will eliminate double taxation on income and capital taxes, and that will help prevent tax evasion, a report said. Underscoring the […]
World Governments Summit Day 1: Nvidia’s Jensen Huang in Dubai
The first day of the World Governments Summit (WGS)2024 kicks off today in Dubai under the theme ‘Shaping Future Governments’. The three-day event will be attended by over 25 heads of state […]
