News

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued Executive Council Resolution No (30) of 2023 appointing Hadi Mohammed Taher Mohammed Badri as the Executive Director of the Dubai Economic Development Corporation. His Highness also issued Executive Council Resolution No (31) of 2023 appointing ...

ABU DHABI / WAM Adnoc has announced its intention to float a 15% minority stake in Adnoc Logistics & Services (Adnoc L&S), its mission-critical global energy maritime and integrated logistics leader, on the Abu Dhabi Securities Exchange (ADX). The offering is expected to open on May 16, subject to regulatory approvals and other relevant considerations. Adnoc L&S is a vital ...

DUBAI / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Wednesday announced the international debut of “A Call From Space,” a live call series hosted by Sultan AlNeyadi. From the International Space Station (ISS), in the State of Mauritius, in line with the recently signed memorandum of understanding (MoU) with Mauritius, aimed at supporting the space sector of the ...

DUBAI / WAM Emirates NBD has announced that four of its branches in the UAE and KSA have achieved LEED Platinum and LEED Gold certifications. The Emirates NBD Mall of the Emirates (MOE) branch in Dubai is now the first LEED Platinum ID+C V4 bank in the Mena region and the first Arab bank branch globally to obtain this certificate, ...

ABU DHABI  / GULF TIME Hale is proud to announce its Seventh Annual Ivy Insider: A Conversation with Students and US University Experts at the iconic Hilton Palm Jumeirah. We have an incredible line-up of inspirational talks from panelists consisting of graduating seniors ready to share valuable insight into their challenges and successes throughout their admissions journey. Current and prospective ...

DUBAI / GULF TIME There’s no doubt that 2023 has been lively so far. Equity and commodity traders were quick to rejoice on news of China’s reopening in early January, whilst Yen traders were treated to an out-of-meeting policy adjustment which gave currency markets a jolt. And whilst geopolitical tensions have somewhat receded, they have now been replaced with fears ...

ABU DHABI / GULF TIME UAE adds yet another feather to its cap as 102.4 Mirchi launches a one of its kind innovations in commercial radio, a first in the world. On 27th April, 102.4 Mirchi, in the UAE is all set to change the way we listen to radio. Taking a step ahead and moving with time, 102.4 Mirchi ...

ABU DHABI / GULF TIME Q Properties – a leading UAE real estate developer and subsidiary of Q Holding – has announced the launch of phase 2 of its new luxury apartments in Reem Hills after buyers snap up all phase 1 units in record time. These apartments come with a 2 years’ service charge waiver, thus offering an attractive ...

DUBAI / WAM Traffic at Dubai International (DXB) has reached 95.6% of 2019 levels with passenger numbers exceeding 21.2 million in the first quarter of the year. This follows DXB’s strong showing in 2022, during which the airport clocked 66 million passengers to retain its position as the world’s busiest international hub for the ninth year running. DXB’s passenger traffic ...

DUBAI / WAM The Commercial Bank International (CBI) has released its financial results for the first quarter of 2023 in Dubai. The financial highlights include a 65% year-on-year increase in net profit from AED20.6 million in Q1 2022 to AED34 million in Q1 2023, a 33% year-on-year increase in net operating income from AED111 million in Q1 2022 to AED148 ...