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e& reports record net profit of AED10.3bn growing 3% Y-o-Y 

ABU DHABI / WAM e& announced its consolidated financial results for fiscal year 2023 reporting a record consolidated net profit of AED10.3 billion, a growth of 3 percent year-over-year. Underlining the group’s commitment to value creation for its shareholders, e&’s Board of Directors proposes a dividend of AED0.40 per share for the second half of 2023 representing a total dividend ...

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Emirates Development Bank highlights trade and supply chain finance solutions at GTR MENA 2024

DUBAI / WAM Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, underscored its pivotal role in fostering sustainable, self-reliant economic growth across key sectors during Global Trade Review MENA 2024 (GTR MENA) at Jumeirah Emirates Towers in Dubai. During the event, EDB highlighted its cutting-edge supply chain finance and trade finance ...

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Bloom unveils ‘Seville’, fifth phase of Bloom Living in Abu Dhabi

ABU DHABI / WAM Bloom Holding has announced the launch of ‘Seville’, the fifth phase of its fully integrated community in Abu Dhabi, Bloom Living. Inspired by the Mediterranean Spanish architecture, Seville is the first of Bloom’s offerings in 2024. It will feature residential units with premium lakeside views ranging from the community’s first seven-bedroom mansions, three to six-bedroom villas, ...

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Korea’s H2O establishes regional HQ in Abu Dhabi

ABU DHABI / WAM H2O Hospitality (H2O), a South Korean digital innovation company in the accommodation and leisure industry, has established its regional headquarters in Abu Dhabi in collaboration with the Abu Dhabi Investment Office (AdioO). The move highlights the deepening economic cooperation between South Korea and Abu Dhabi which has become increasingly focused on synergies related to innovation and ...

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Mohammed bin Rashid orders additional dispatch of critical humanitarian supplies to Gaza through relief airbridge

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, issued directives to facilitate the dispatch of urgent relief supplies mobilised by the International Humanitarian City (IHC) in Dubai as part of a vital relief airbridge to Gaza through El Arish Airport in Egypt. Giuseppe Saba, CEO of IHC, said, “We are proactively ...

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Khalifa Fund launches ‘Business Opportunities in Priority Sectors’ workshop

ABU DHABI / WAM Khalifa Fund for Enterprise Development has announced the launch of a series of workshops titled “Business Opportunities in Priority Sectors”, in collaboration with Sia Partners, a leading firm in growth and innovation. These workshops are designed following global standards to empower Emirati entrepreneurs with existing businesses in Abu Dhabi’s priority sectors. Each workshop in the series ...

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Mohammed bin Rashid visits Emirates NBD headquarters on occasion of bank’s 60th anniversary celebrations

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today visited the headquarters of Emirates NBD on the occasion of the bank’s 60th anniversary celebrations. His Highness Sheikh Mohammed was accompanied on his visit by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of ...

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Mansour bin Zayed, President of Turkmenistan discuss enhancing cooperation between two countries

ASHGABAT / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has met with President of Turkmenistan Serdar Berdimuhamedow at the cabinet’s headquarters in Ashgabat. His Highness Sheikh Mansour bin Zayed conveyed to the Turkmen President the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and ...

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Dubai’s F&B sector attracted $577 million in new FDI: Dubai International Chamber

DUBAI/ WAM The Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully hosted a business event on the sidelines of Gulfood, the world’s largest conference and exhibition dedicated to the food and beverage sector. The five-day event is from 19th to 23rd February at the Dubai World Trade Centre. Aimed at equipping ...

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