UAE President, VPs congratulate Indian President on Independence Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Droupadi Murmu of the Republic of India on the occasion of her country’s Independence Day. His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh […]
59% surge in flight bookings to Abu Dhabi in Q2
Flight bookings to Abu Dhabi soared by 59% in the second quarter of this year compared to the same period last year, according to the World Travel and Tourism Council. The council also reported a 13% rise in flight bookings to Dubai during the same period. Overall, international arrivals in Abu Dhabi and Dubai increased […]
ValuStart report sees a record rise in capital gains for ready homes
The value of most villas in Dubai doubled in the last four years, says a report of ValuStart on residential capital values in Dubai. However, in the case of apartments, only units in Palm Jumeirah have seen their prices double in the last four years. Villa monthly capital gains were at 2.5% compared to 2.4% […]
UAE-Kenya Joint Committee holds meeting to enhance economic cooperation
The fourth session of the Joint Committee between the United Arab Emirates and the Republic of Kenya was held in Abu Dhabi. The meeting was co-chaired by Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, and Musalia Mudavadi, Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs of Kenya. The Joint Committee […]
UAE President, VPs congratulate President of Pakistan on Independence Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Asif Ali Zardari of the Islamic Republic of Pakistan on the occasion of his country’s independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and […]
Etihad Airways reports net profit of Dh851m and total revenue of Dh11.7bn in H1 2024
Etihad Airways today announced its H1 2024 results, recording a 48 percent increase in profit after tax achieving Dh851 million (US$232 million), a significant increase from Dh575 million (US$157 million) in H1 2023, highlighting the airline’s continued focus on growth coupled with optimising operational efficiencies. Etihad’s total revenue increased 21 per cent to Dh11.7 billion […]
Emirates to introduce retrofitted Boeing 777s to Zurich, Riyadh
Emirates today announced plans to introduce its newly retrofitted Boeing 777s to two more cities – Zurich and Riyadh from 1st October 2024. In a statement on Tuesday, the airline said it will also layer on refurbished B777s to Geneva and Brussels operations, making them the first two cities in the airline’s network to sport […]
AD Ports Group reports 42% growth in total net profit in Q2-24
AD Ports Group on Tuesday announced that its total net profit reached Dh439 million in Q2 2024, an increase of 42% Year-on-Year (YoY), while the net profit after minorities reached Dh333 million in Q2 2024, an increase of 16% YoY. In a press release, the company said that revenues have more than doubled YoY to […]
ADNOC Drilling to be added to MSCI’s flagship indexes on August 30
ADNOC Drilling Company has announced that its stock has been selected for inclusion in the prestigious MSCI indexes effective post market close on 30th August 2024. ADNOC Drilling will be included in the MSCI Indexes including MSCI EM, and MSCI UAE after meeting the necessary criteria. The Company will become the 12th member of the […]
UAE Government issues federal decree-law amending domestic workers law
The UAE Government has issued a federal decree-law amending specific provisions of the Federal Decree-Law Concerning Domestic Workers and its Amendments. These amendments aim to strengthen the rights of all parties involved in employment relationships, as well as facilitate and accelerate resolving disputes. The new decree amends the jurisdiction for disputes related to domestic workers, […]