Dubai / WAM The total full-year net profit recorded by the Dubai Investments, which is listed on the Dubai Financial Market, amounted to AED657.6 million in 2019, compared to AED651.4 million in 2018. The company’s financial statistics showed that its earnings per share increased to EPS of 15.5 fils in 2019, compared to 15.3 fils in 2018. The company’s total ...

Dubai / WAM DP World handled 71.2 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 2019, with gross container volumes flat year-on-year on a reported basis and up 1.0% on a like-for-like basis. Like-for-like gross volumes in fourth quarter of 2019 accelerated to 2.1% with growth driven by Asia Pacific and Africa. Jebel Ali handled ...

ABU DHABI / WAM Al Yah Satellite Communications Company (Yahsat), announced that it has won the Emiratisation Award from the Ministry of Human Resources and Emiratisation (MoHRE), in three categories. Yahsat was conferred the coveted prize for Best Company of the Year in the Establishments category, while two of its employees collected awards for Best New Emirati Employee and Best ...

ABU DHABI / Emirates Business Ferrari World Abu Dhabi, the World’s leading theme park, is introducing exciting new attractions for guests of all ages in the lead up to its 10th anniversary this November. The state-of-the-art additions will include a Family Zone, set to open this March, as well as Roof Walk and Zip Line experiences confirmed for later this ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued a set of directives including the allocation of AED 500 million to enhance the quality of life for citizens across Dubai’s residential areas and the exemption of 422 financially distressed from paying housing loans in efforts ...

ABU DHABI / Emirates Business Abu Dhabi Health Services Company (Seha), the UAE’s largest healthcare network, has announced a strategic partnership with LinkedIn to drive talent development and thought leadership within the healthcare sector in the UAE. The partnership aims to drive education and awareness of the world-class healthcare ecosystem nurtured by SEHA and enhance engagement with professionals from across ...

ABU DHABi / WAM A business meeting organised by the Abu Dhabi Chamber of Commerce, and Industry (ADCCI) at its headquarters with a trade delegation representing 12 Japanese companies revealed the presence of 340 Japanese companies and 11,000 Japanese brands registered in the UAE. During the meeting, which aimed to brief the Japanese companies about investment opportunities in Abu Dhabi’s ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has announced the renewal of its global cargo handling agreements with Worldwide Flight Services (WFS) the world’s largest air cargo handler, with Frankfurt and Madrid joining six existing gateways in Europe, Asia and the United States. The three-year framework extension will see WFS continue to ...

Dubai / Emirates Business Dubai Chamber of Commerce and Industry’s representative office in Baku, Azerbaijan, participated in the International Business Forum “Moldova 2020: Reshaping the Future of International Economic Cooperation”, which took place on the sidelines of “Made in Moldova” national exhibition in Chișinau. The forum was organised in cooperation with the European Union’s project Enterprise Europe Network with the ...

Dubai / Emirates Business Oman Insurance Company posted a turnaround net profit of AED190.5 million in 2019, making it one of the best performing years. This was achieved due to the forward-looking strategies defined in 2018 and with placing primary focus on customer satisfaction. Despite the challenging environment, with downward pressure on prices and, more than ever, the collection of ...