UAE

UAE: Pilot found dead off Fujairah coast, trainee missing after contact lost with plane

Fujairah: The General Civil Aviation Authority (GCAA) has confirmed that its Air Accident Investigation Sector has received a report regarding…

1 year ago

Advantage ADNOC Gas as it plans 60% buy in Ruwais LNG plant

Dubai: In another intra-Group transaction, ADNOC Gas will acquire ADNOC’s entire 60% stake in the Ruwais Liquified Natural Gas (LNG)…

1 year ago

Gold prices face more pressure after another $60 drop to $2,617

Dubai: Gold prices have crashed by another $60 plus to $2,617 an ounce – and far removed from the all-time…

1 year ago

UAE’s new traffic law: Six traffic crimes that could land you in jail

Dubai: Drunk driving, reckless driving or failing to cooperate with traffic police officers in certain cases are all very serious…

1 year ago

ADNOC-owned Fertiglobe 9-month revenue at $135 million

Dubai: The ADX-listed Fertiglobe pulled in net profits of $135 million for the first nine months of 2024, as revenues…

1 year ago

Lost, damaged UAE passport? Apply online now for a replacement

Abu Dhabi: The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has announced that UAE passport holders can…

1 year ago

UAE President, Emir of Kuwait explore avenues to boost bilateral ties

Kuwait : UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah,…

1 year ago

Dubai’s Q2 2024 GDP rises 3.3% to reach Dh116 billion

Dubai : Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of…

1 year ago

UAE’s COP28 success to propel negotiations as COP29 begins in Baku on November 11

Baku: During its participation at COP29 in Azerbaijan’s capital Baku, the UAE, host of COP28, aims to present a renewed…

1 year ago

DFM-listed Aramex flies into higher profits as turnaround plan shows results

Dubai: The UAE logistics services firm Aramex lifted its way into higher profits, with the bottom-line swinging into an eye-catching…

1 year ago

Profits for UAE’s Dana Gas slip on lower prices, production impact at Egypt operations

Dubai: Lower gas prices and reduced production at its Egypt operation had a telling effect on ADX-listed Dana Gas' 9-month…

1 year ago

Talabat’s $1 billion IPO in Dubai as soon as next week

Dubai: The initial public offering of Dubai-based food delivery company Talabat looks to be launched as soon as next week,…

1 year ago

ADNOC awards Dh720 million contracts for manufacturing in UAE

ABU DHABI: ADNOC today announced the award of contracts valued at Dh720 million ($196.2 million) for local manufacturing of a…

1 year ago

UAE weather: Red and yellow alert issued in Abu Dhabi, Al Ain, Dubai and Sharjah

Dubai: Foggy weather conditions continued over most parts of Abu Dhabi's Al Ain and Al Dhafra region today. Fog also…

1 year ago

Al Ansari Financial Services sees profit drop for 9-month 2024 over ‘significant challenges’

Dubai: Net profit for DFM-listed Al Ansari Financial Services dropped to Dh308.53 million for the first nine months from Dh387.8…

1 year ago

UAE’s DFM, ADX join Asian peers in going bullish on a Trump win

Dubai: As expected, the DFM and ADX opened positive in early trades Wednesday (November 6) in much the same way…

1 year ago

Abu Dhabi industrial hub awards Dh7.35b in infrastructure contracts

Dubai: The Abu Dhabi industrial hub Ta’ziz has issued engineering, procurement and construction contracts valued at Dh7.34 billion for site…

1 year ago

Dubai Taxi Company revenue up 13% to Dh1.6 billion as it completes 36 million trips

Dubai: Dubai Taxi Company (DTC) reported a 13% year-on-year increase in revenue to Dh16 billion in its financial results for…

1 year ago

LuLu Retail closes with gross proceeds of Dh6.32 billion, making it biggest UAE IPO of 2024

Dubai: LuLu Retail has emerged as the biggest IPO in the UAE for 2024, with gross proceeds totalling Dh6.32 billion.…

1 year ago

Dubai regulator DFSA fines Vedas Marketing for unauthorized financial promotions on Multibank Group

Dubai: The DIFC regulator has issued a 'decision notice' against Vedas International Marketing Management for unauthorised and deceptive financial promotions…

1 year ago

UAE banking sector hits all-time-high of Dh502.6 billion in capital, reserves

Abu Dhabi: A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital…

1 year ago

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