Dubai’s Taaleem posts $54.5m profit since IPO

Dubai’s Taaleem Holdings said its net profit in the nine months to the end of May 2023 surged by 34.9 per cent to $54.5m (Dhs199.8m), driven by a surge in student enrollments and higher net finance income from the undeployed initial public offering (IPO) proceeds. Taaleem raised $204m from its IPO on the Dubai Financial Markets […]

Abu Dhabi’s Yahsat to invest $100m in T4-NGS satellite programme

Abu Dhabi satellite operator Yahsat Group plans to allocate more than $100m towards capital expenditures in 2023 as part of the ‘T4-NGS’ satellite programme, according to state-run news agency WAM.   The programme, the next-generation telecommunications system for Thuraya, is scheduled to become operational in the first half of 2025 with a total cost of […]

UAE, Austria sign air transport services deal

The UAE has signed an air transport services agreement with Austria in Vienna. The agreement, which aims to boost air transport ties between the two nations, was signed on behalf of the Emirates by Hamad Al Kaabi, UAE Ambassador to the Republic of Austria, and on the Austrian side by Peter Launsky Tieffenthal, Secretary-General of […]

2024 Abu Dhabi Grand Prix dates revealed

The dates for the 2024 edition of the Formula 1 Etihad Airways Abu Dhabi Grand Prix have been revealed, with Yas Marina Circuit set to host the season finale to F1’s longest ever season from December 5-8, 2024. The official announcement from Formula One Management confirmed the Abu Dhabi track will host the 24th and […]