Etihad Rail to boost UAE’s economic growth, research shows
The UAE economy is set to get a major boost as Etihad Rail comes onstream, a new report has said. The rail network will boost the country’s freight transport sector, supporting ongoing growth in one of the key components of the local economy, according to Emirates NBD Research. Trade and freight transport services have been […]
RAK signs deals for vertiport, new Germany flights
Three strategic multi-stakeholder agreements were signed at the 10th edition of the Arab Aviation Summit (AAS), which concluded its three-day session in Ras Al Khaimah on Thursday. The agreements underscored the summit’s growing importance as a platform for facilitating public-private cooperation and opening doors for regional and global partnerships, organisers said. AAS 2023 was […]
Binghatti completes work on key Dubai project ahead of schedule
Binghatti, a leading real estate developer in Dubai, has announced that work has been completed on its prime project, Binghatti Creek, located in Al Jaddaf area within the Dubai Healthcare City, much ahead of its deadline, which was scheduled for the end of this year. The project’s completion date is considered impressive, considering the […]
TECOM Group shareholders approve $54.49mln cash dividend for H2 2022
TECOM Group has approved the Group’s financial statements for the year ended 31st December 2022. The Board of Directors approved to distribute a cash dividend of AED200 million in April 2023, bringing the total amount of dividend distributions for the second half of 2022 to AED400 million. The announcement came during the Annual General […]
AD Ports Group signs HoT for new multipurpose terminal in Pointe Noire Port, Congo
AD Ports Group signed today a Head of Terms (HoT) with the Ministry of International Cooperation and Promotion of Public Private Partnership of the Republic of Congo, for a new multipurpose terminal in Pointe-Noire. Under the HoT, AD Ports Group has the exclusive right to invest in the development, operation, and management of the “New […]
Emirates NBD Securities offers trading account opening through DFM application
Emirates NBD Securities, the brokerage arm of the Emirates NBD Group, has become the first securities brokerage in the region to offer seamless trading account opening through the Dubai Financial Market (DFM)’s digital onboarding application. The application provides investors with an additional channel to open a trading account with Emirates NBD Securities, allowing them […]
Deyaar launches seafront residential tower Mar Casa
Deyaar Development has launched its seafront project Mar Casa with a total value of AED1.1 billion. A residential destination at Dubai Maritime City where heritage meets modernity, Mar Casa is connected to the old city, the financial centre of Dubai and the Jumeirah area. Mar Casa presents an iconic architecture that seamlessly blends […]
UAE: Dnata Catering boosts its presence in Australia
dnata, a leading global air and travel services provider, has expanded its retail catering footprint in Australia, by winning a multi-year contract with the country’s newest airline Bonza to support its operations and services – including the delivery of the airline’s on-demand 100 percent Australian menu. dnata said its global experience and comprehensive, […]
Mashreq Bank provides $15.5bln of sustainable finance and adaptation-related investments
Joel Van Dusen, Group Head of Corporate & Investment Banking at Mashreq, said that since January 2021, Mashreq has facilitated $15.5 billion of sustainable finance and adaptation-related investments. In a statement to Emirates News Agency (WAM), Dusen said that ESG is related to cash flow in five important ways. It minimises regulatory […]
Abu Dhabi-based Borouge’s new polyolefins complex in Ruwais to start operations in 2025
Abu Dhabi-based Borouge has said that its ‘Borouge 4’ polyolefins complex in Ruwais is set to begin operations in 2025 and work is progressing as planned. Borouge manages the project, which is co-owned by UAE’s ADNOC and Austria’s Borealis, the company said in a statement. The complex will add 1.4 million tonnes of polyethylene capacity, […]