Dubai Customs launched a comprehensive guide for all the services and facilities it provides to enable traders and businesses, who selected Dubai as their preferred investment destination, to increase their trade and boost their revenues. The guide will be introduced to the participants and exhibitors of EXPO2020 Dubai. Within the national efforts and preparations to […]Read More
ADNOC Distribution on Tuesday reported that its first-half 2021 EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) stood at AED1.53 billion, with net profit of AED1.15 billion. For the second quarter, EBITDA was AED712 million with net profit of AED521 million, according to a press release on Tuesday. The strong results were driven by higher […]Read More
Dubai Airports has urged travellers to stay abreast of the latest travel regulations and plan their journeys as DXB is preparing for what could be the hub’s busiest weekends so far this year. The world’s busiest international airport is expecting to handle more than a million passengers over the next 11 days (August 12-22) with […]Read More
Dubai’s hotel sector is gearing up for Expo 2020 Dubai, the world’s largest and most impactful event ever to take place in the Middle East, Africa and South Asia (MEASA) region, from 1st October, 2021, to 31st March, 2022, while recovery from the COVID-19 is gaining momentum globally and the UAE is getting ready to […]Read More
The Abu Dhabi Department of Economic Development (ADDED) announced that the Abu Dhabi Government reduced the requirements for starting a new commercial business by 71 percent. In April 2021, a special task force, led by ADDED and launched as part of the department’s Investor Journey Programme, coordinated with more than 20 government entities and the […]Read More
The Executive Office of the Abu Dhabi Chamber’s Board of Directors has held its first meeting, which was chaired by Abdullah Mohammed Al Mazrouie, at the Chamber’s headquarters. Dr. Ali Bin Harmal Al Dhaheri, First Vice Chairman, Yousuf Ali Abdul Kader, Second Vice Chairman, Masoud Rhama Al Mheirbi, Treasurer, Saeed Ghumran Al Remeithi, Deputy Treasurer […]Read More
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 15 basis points, effective from Thursday, 29th July 2021. This decision was taken following the US Federal Reserve Board’s announcement on 28th July 2021, to set the Interest on Reserve Balances (IORB) at […]Read More
Since its establishment in 1971, Abu Dhabi Fund for Development (ADFD) has been playing a leading role in translating into reality the UAE’s vision to strengthen the economies of developing countries, as well as supporting the national economy and enhancing its global competitiveness. Over the past 50 years, the Fund has financed thousands of strategic […]Read More
Dubai Electricity and Water Authority (DEWA) has commissioned three new substations with a conversion capacity of 450 megavolt-amperes (MVA) in addition to 132 kV ground cables that extend on 35 kilometres and are connected to the main transmission network. This is part of DEWA’s efforts to provide electricity and water services according to the highest […]Read More
Abu Dhabi Commercial Bank (ADCB) reported on Sunday a 76 per cent jump in first-half net profit to AED2.524 billion on the back of higher fee income, lower cost of funds and improved cost to income ratio in the second quarter, Khaleej Times reported. The bank said its Q2 net profit surged 14 per cent […]Read More
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