DUBAI/ WAM Dubai Investments, listed on the Dubai Financial Market, announced a net profit attributable to shareholders after tax of AED119.96 million for the first quarter, compared to AED314.44 million in the corresponding period last year. Excluding the one-off gain on the fair valuation of investment properties in 2023, the Group’s profit for the same period has surged by 90%. …

DUBAI / WAM The UN-mandated Kimberley Process (KP) Intersessional meeting opened in Dubai with resounding calls to accelerate consensus and decision-making to secure the industry’s long-term security, efficiency, and operationalisation. Hosted in Uptown Tower, Uptown Dubai, headquarters of DMCC, the KP intersessional opening saw a global gathering of hundreds of diamond industry representatives, civil society and world governments. The UAE …

ABU DHABI / WAM Tadweer Group has announced the closed bidding for the planned development of Abu Dhabi’s first greenfield Material Recovery Facility (MRF). The state-of-the-art facility will recover recyclable materials derived from municipal solid waste, significantly maximising the diversion of waste from landfills through recycling and preparing feedstock for the Abu Dhabi Waste to Energy facility. This will enable …