ABU DHABI / WAM Borouge Plc has reported a 16% year-on-year (YoY) increase in net profit for the third quarter (Q3) of 2024 to $328 million, beating market expectations, driven by the company’s highest ever quarterly sales and robust pricing for its premium products. The company responded to strong demand from customers in the world’s fastest growing economies for innovative, …

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved Law No (23) of 2024 pertaining to the Government of Dubai’s General Budget Cycle for the fiscal years 2025-2027, and the Dubai Government’s general budget for the fiscal year 2025. The three-year budget cycle for …

DUBAI/WAM Dubai Aerospace Enterprise (DAE) Ltd on Monday announced that it had recently signed an agreement to acquire 10 aircraft for an aggregate consideration of approximately $0.5 billion. The aircraft portfolio is comprised 100 percent of narrow-body, next-generation aircraft on lease to 4 airlines in 4 countries. In addition, DAE has initiated and managed the purchase and sale of equity …