News

  Sunaina Rana / EMIRATES BUSINESS UAE-based ARTAR Real Estate Development announced that it has achieved a 15% completion rate of Mada Residences. The new upcoming project is situated in Downtown Dubai and this exclusive residential property development is ARTAR’s first project in the UAE. Sulaiman Abdulrahman Al Rashid, CEO of ARTAR Real Estate Development LLC, said, “We have witnessed ...

  Dubai / Emirates Business Aramex (DFM: ARMX), a leading global provider of comprehensive logistics and transportation solutions, on Sunday announced its financial results for the first quarter of 2016. Aramex’s Net Profits increased 12% to AED 96.9 million, up from AED 86.6 million in Q1 2015. Revenues in the first quarter of 2016 increased to AED 1,048 million, up ...

  RITIKA SHARMA Emirates Business UAE Facebook users, beware – the next link you follow on your account, might lead you to a malware that will steal your confidential details or corrupt your entire system. Of late, UAE-based IT companies have detected a spam-based campaign, running on the social networking sites, that is spreading malicious browser plugin via social engineering ...

  DUBAI / WAM Emirates is participating in the 2016 edition of Arabian Travel Market (ATM), the region’s leading travel exhibition, which begins at Dubai World Trade Centre, with a brand-new, futuristic ‘Infinite Possibilities’ stand that showcases its industry-leading products and services. The Airliner will also present its enhanced Boeing 777 Business Class seat for the first time in its ...

  DUBAI / WAM Arabian Travel Market (ATM) 2016, the region’s leading travel industry showcase, opens its doors on Monday for four days of business networking opportunities, insightful seminar sessions, leadership forums, and recognition of 12 months of industry achievement. Now in its 23rd year, the 2016 edition, which takes place at the Dubai International Convention & Exhibition Centre from ...

  AJMAN / WAM The Ajman Tourism Development Department (ATDD) confirmed their participation in Arabian Travel Market (ATM) and will be announcing major developments about the new destination brand during the show. The new destination identity with the slogan “Sincerely Emirati” was unveiled in Ajman and ITB Berlin earlier this year but it would be formally introduced to the region’s ...

  DUBAI / WAM Noor Bank on Sunday announced its financial results for the year ending December 31, 2015, with the bank reporting a net operating profit of AED561 million. The increase in profitability was fuelled by a 73% surge in fee and commission income and supported by a 35% rise in net income from financing. Noor Bank witnessed another ...

  Dubai / WAM Mohammed Ahmed bin Abdul Aziz Al Shehhi, Under-Secretary of the Ministry of Economy for Economic Affairs, and Faihan Fayez Shalhoub, Ambassador of Colombia to the UAE, have discussed ways to strengthen areas of economic cooperation between the two countries. During the meeting, which was held at the headquarters the Ministry of Economy in Dubai, the two ...

  ABU DHABI / WAM Abu Dhabi Ship Building (ADSB) announced key business highlights for 2015 at their Annual General Meeting held in Abu Dhabi last week, registering a consolidated revenue of AED 791 million, while its net profit rose to AED 87 million. In addition, members of the General Assembly approved the distribution of the cash dividends amounting to ...

  Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Law No (4) of 2016 on the Dubai Economic Security Centre. The Centre aims to maintain Dubai’s position as a global financial and economic hub, ensure its financial stability and protect its investments ...