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 […]
Dubai PMI slows in January: Emirates NBD Research
The S&P Global PMI (Purchasing Managers’ Index) survey for Dubai slipped to 56.6 in January, exactly level with the UAE survey released earlier in the week. For Dubai, this marked […]
RAK Ceramics FY 2023 net profit up 3.7pc to $87.4m
RAK Ceramics, one of the largest ceramics lifestyle solutions providers in the world, has seen its 2023 net profit rise 3.7% to AED320.9 million, but its revenue declined 1.7% to […]
Dubai Chamber to back global expansion of UAE entrepreneurs
Dubai International Chamber has held a meeting with UAE entrepreneurs to showcase the chamber’s numerous bespoke programmes aimed at supporting the global expansion of UAE businesses. The meeting, which was […]
DMCC sees 10pc surge in US companies in 2023
DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – successfully concluded its most recent Made for Trade Live tour of the […]