Dubai International Chamber facilitates Mars Food’s entry to Ethiopian market
Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has unlocked access to the Ethiopian market for the UAE’s Mars Food Industries. The chamber helped facilitate the export of baby food products produced and manufactured in the UAE by the company’s Miralac brand to the East African nation, marking […]
Expo Centre Sharjah discusses boosting cooperation with WTCI
The Expo Centre Sharjah (ECS) and the World Trade Centre Istanbul (WTCI) have discussed ways of boosting cooperation and coordination to jointly organize events, conferences, and trade fairs, as well as to share expertise on advancing the exhibition industry. ECS and WTCI explored how to benefit from the most recent logistical and technological capabilities for […]
Empower revenue soars to $824m in 2023; net profit up
Emirates Central Cooling Systems Corporation (Empower) has announced that it had registered its highest-ever revenue of AED3.03 billion ($824 million) for the fiscal year 2023, thus marking a significant growth of 8.7% compared to the previous year. Announcing its financial results for the 12-month period ended December 31, 2023, Empower said its pro forma net […]
Aldar reports record 40% net profit on sales surge
Aldar Properties has reported a record surge in net profit for 2023, driven by new development sales and an expanded investment portfolio. In a statement released on February 9, Aldar announced a 40 per cent increase in net profit to Dhs4.4bn for 2023 compared to the previous year. Talal AL Dhiyebi, group CEO, added, “Aldar […]
ADEX, Mashreq and ADCB to provide up to $100m to BGN
Abu Dhabi Exports Office (ADEX), Mashreq and Abu Dhabi Commercial Bank (ADCB), have signed a financing facility with BGN offering up to $100 million to facilitate the export of energy commodities from the UAE. The syndicated financing arrangement, which is a revolving credit line, is embedded with an accordion feature whereby regional banks and their […]
SCCI, Oman Chamber seek to enhance investment ties
The Sharjah Chamber of Commerce and Industry and the Oman Chamber of Commerce and Industry branch in North Al Batinah Governorate, discussed ways of enhancing cooperation in the investment field and developing mechanisms for promoting the joint efforts aimed at supporting the business community in Sharjah and the Sultanate of Oman, a report said. The […]
UAE-Kuwait in deal to eliminate double taxation
The UAE and Kuwait have signed an agreement that will eliminate double taxation on income and capital taxes, and that will help prevent tax evasion, a report said. Underscoring the importance of the agreement, Dr Anwar Ali Al-Mudhaf, Kuwait’s Minister of Finance and Minister of State for Economic Affairs and Investments, told Emirates News Agency (WAM) on […]
World Governments Summit Day 1: Nvidia’s Jensen Huang in Dubai
The first day of the World Governments Summit (WGS)2024 kicks off today in Dubai under the theme ‘Shaping Future Governments’. The three-day event will be attended by over 25 heads of state and governments, 120 government delegations and over 85 international organisations, along with distinguished participation of thought leaders, experts and more than 4,000 attendees.