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Dubai to host 22nd Airport Show in May

  Dubai / WAM Dubai is set to host the 22nd edition of the Airport Show on May 9-11, where key global airport industry players will showcase their energised enthusiasm at the trend-setting event, with three exhibitions and two conferences over three days on its sidelines. To be held under the continued patronage of HH Sheikh Ahmed bin Saeed Al ...

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Adib net profit jumps 55% to AED3.62 billion in 2022

Abu Dhabi / Agencies Abu Dhabi Islamic Bank (Adib) announced a net profit of AED3.62 billion in 2022, a 55% increase from the previous year. The bank also reported a 60% growth in Q4 2022 with a net profit of AED1.2 billion, compared to AED728 million in Q4 2021. Adib’s revenue increased by 23% to AED6,835 million in 2022, driven ...

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UAE announces new deadline for changes in employment contracts

  Dubai / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has announced the extension of the deadline for private sector employers to rectify unlimited-term employment contracts of their employees to fixed-term contracts. The new deadline now is December 31, instead of February 2. “The decision stems from our belief in enhancing flexibility, competitiveness and ease of business for ...

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