Local News

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of th UAE and Ruler of Dubai, said the UAE Armed Forces will continue their significant contributions to the nation’s track record of achievements over the coming 50 years and beyond, just as they did over the past five decades. Noting that economic ...

  Abu Dhabi / Gulf Time Q Holding, a leading investment company in the United Arab Emirates, announced on Thursday its acquisition of Reem Investments Company in exchange for shares to be issued in Q Holding, in efforts to grow its portfolio of investment assets for a total amount of AED 5,942,067,075. HE Abdulla Mohammed Butti Al Hamed, Chairman of ...

  DUBAI / Gulf Time Emirates revealed a new custom A380 livery dedicated to Dubai’s newest architectural icon and centre for pioneering concepts and ideas, the Museum of the Future. The first Emirates A380 (A6-EVK) to sport this exciting new livery, takes flight tomorrow to Los Angeles. As its nine other aircraft siblings roll out of the dedicated Aircraft Appearance ...

  DUBAI / WAM Tourism professionals from around the world will return to Dubai next week when Arabian Travel Market, the leading event for the travel industry in the Middle East, returns to the Dubai World Trade Centre on Monday, May 9. The event will welcome more than 20,000 visitors and over 1,500 exhibiting companies during the four-day tourism showcase, ...

  Abu Dhabi / WAM The Abu Dhabi Emergency, Crisis and Disasters Committee has approved a return to 100 percent operating capacity in all commercial activities, tourist attractions, and events in the emirate. It has also approved an extension of the green pass validity period from 14 to 30 days for those who are fully vaccinated. Continued wearing of masks ...

  DUBAI / WAM The Dubai real estate and properties transactions valued at AED6.6 billion in total during the week ending April 29. The sum of transactions was 2,259. 197 plots were sold for AED1.15 billion, 1,628 apartments and villas were sold for AED3.52 billion. The top three transactions were a land in Business Bay sold for AED72.24 million, followed ...

Abu Dhabi / WAM Abu Dhabi Ports Group (AD Ports Group), a leading facilitator of trade and logistics, has appointed a consortium of Jordan’s Dar Al Omran and Maisam Group to develop the masterplan for the Marsa Zayed mega-project in Aqaba, in the Hashemite Kingdom of Jordan. The appointment follows AD Ports group’s signing of multiple agreements with Aqaba Development ...

  DUBAI / WAM Dubai Financial Market Company announced its consolidated financial results for the first quarter of the year ending March 31, posting a 17% increase in its net profit to AED27.5 million, compared to AED23.4 million during the corresponding period of 2021. The company’s total consolidated revenue has increased by 7% to AED78.6 million in Q1 of 2022 ...

  DUBAI / WAM Nasdaq Dubai, the region’s international financial exchange, on Friday welcomed the listing of a $1.6 billion sukuk by the Islamic Development Bank (IsDB). The first public Sukuk issuance from IsDB in 2022 strengthens its position as the largest supranational institution issuing sukuk on Nasdaq Dubai with a total value of $18.04 billion currently listed through 13 ...

  Abu Dhabi / WAM The Ministry of Finance (MoF) has launched the digital public consultation initiative on its website and the UAE Government portal, ahead of the official release of Corporate Tax relevant legislation. The initiative aims at consulting with the business community and relevant stakeholders to acquire their views and comments on Corporate Tax, to refine and implement ...