UAE: Khalifa University ranked country’s best for the fifth year in a row
Khalifa University of Science and Technology in Abu Dhabi has come out on top in two global rankings as the best in the UAE. For the fifth year in a row, the research-oriented Khalifa University is the top-ranked institution out of 11 universities from the UAE assesed in the Quacquarelli Symonds (QS) World University Rankings […]
Abu Dhabi’s Multiply Group added to FTSE Global Equity Index Series
Abu Dhabi-based Multiply Group, a technology-focused holding company, has been added to the FTSE Global Equity Index Series (FTSE GEIS) Mid Cap Index in its June quarterly review. The inclusion, which comes into effect on 20 June, will boost visibility and add to shareholder diversity, the company said in a statement on Monday. FTSE GEIS […]
Qatar World Cup 2022: Germany to set up training camp in Dubai
Ahead of their 2022 Qatar World Cup campaign, four-time world champions Germany will be setting up a short training camp in Dubai. The German national football team, managed by Hansi Flick, will arrive in the emirate on November 14 as the championship kicks off on November 21. The team will hold a four-day training camp […]
Abu Dhabi-listed Fujairah Cement Industries gets nod to withdraw from Boursa Kuwait
UAE-based producer Fujairah Cement Industries is marking its last day of trading on Boursa Kuwait today. The company has already obtained the approval of Capital Market Authority-Kuwait for the voluntary withdrawal of its shares from the Kuwaiti stock market, according to a disclosure on the Abu Dhabi Securities Exchange (ADX). “November 30, 2022 will be […]
UAE’s non-oil foreign trade surged to $143.73bln by end of Q1-22: minister
The UAE’s non-oil foreign trade amounted to AED527.5 billion by the end of Q1-2022, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, revealed. “Despite rapid shifts taking place globally, the UAE is working according to an ambitious strategy to boost its foreign trade and usher in a new era of economic […]
Eqarat deploys Yardi solutions to streamline GCC operations
Eqarat.com, a property management company and a subsidiary of The Gate Holding, has gone live with the residential suite of Yardi, a key provider of software solutions for the real estate industry, after its successful implementation. The company currently manages multiple mixed-use buildings consisting of 1,000 units and after expanding its operations into the […]
VPS Healthcare launches holding firm to drive growth
The UAE-based VPS Healthcare has launched Burjeel Holdings to consolidate its healthcare offerings in the GCC, creating one of the largest operating integrated health networks, and a platform to drive the next generation of its growth. The announcement was made on the sidelines of the World Economic Forum Annual Meeting in Davos on Sunday. As […]
Fifa World Cup fever: UAE-Qatar airfares jump nearly 1,900%
Airfares from the UAE to Qatar have skyrocketed ahead of the Fifa World Cup due to the strong demand expected, with economy class fares jumping by nearly 1,900 per cent. Airlines data revealed that one-way economy class airfare, which starts from as low as Dh360 on May 25, jumped to Dh7,110 on November 20, a […]
UAE’s concern over the environment continues to intensify: Nahyan bin Mubarak
Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has reiterated the UAE’s concern over climate and environment, noting “a strong connection between our spiritual values and how we care for the environment.” Sheikh Nahyan made the remarks at a large-scale public event at Dubai World Trade Centre (DWTC) in the presence […]
Ithmaar Holding’s profits down 87% in Q1-22
The net profits attributable to the equity holders of Ithmaar Holding retreated by 87.2% to $1.13 million in the first quarter (Q1) of 2022, compared to $8.86 million in the same quarter of 2021, according to the company’s interim consolidated financials. The company’s operating income increased by 14.7% to $55.30 million in Q1-22 from $48.23 […]