Etihad Airways reports 48% increase in profits to Dh851 million in H1-24
Etihad Airways on Thursday announced its H1 2024 results, recording a 48 percent increase in profit after tax achieving Dh851 million, a significant increase from Dh575 million in H1 2023. Total revenue increased 21 percent to Dh11.7 billion, from Dh9.6 billion in H1 2023, mainly due to passenger revenue, which saw a 24 percent year-on-year […]
UAE President, VPs congratulate President of Côte d’Ivoire on Independence Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Alassane Ouattara of Côte d’Ivoire 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 His Highness Sheikh Mansour bin […]
UAE airlines suspend flights to Jordan, Lebanon, and Israel amid growing Middle East tension
UAE airlines are cancelling flights to and from Israel, Jordan, and Lebanon due to escalating tensions in the Middle East. Wizz Air Abu Dhabi has halted all flights to Israel and Jordan amid the increasingly tense situation in the area. Flights to and from Israel and Jordan were called off by the airline from Saturday […]
Abu Dhabi, Dubai stock markets close in green zone
The Abu Dhabi Securities Exchange (ADX) closed at 9083.69 points, up 1.215%. Seventy-eight companies were involved in the trading session. The share price of 60 companies went up, 13 went down and five remained unchanged. Gulf Medical Projects Company led the gainers closing at Dh1.9, up 7.95%. The Dubai Financial Market (DFM) closed at 4137.32 […]
FTA clarifies which Free Zone Persons can benefit from the 0% Corporate Tax rate
The Federal Tax Authority (FTA) clarified which Free Zone Persons are eligible for the 0% Corporate Tax rate on their Qualifying Income. In a statement to Aletihad, the FTA emphasised that the Free Zones located throughout the UAE are integral part of its comprehensive economic environment, and play a pivotal role in driving the growth, […]
UAE expresses profound concern about the famine in Sudan and welcomes UNSC meeting
The United Arab Emirates is alarmed by the dire humanitarian crisis unfolding in Sudan, with severe food insecurity affecting over 25 million Sudanese citizens. We express our deepest concern over the declared famine in parts of North Darfur, particularly in Zamzam camp, which shelters over half a million displaced people, the likelihood of famine in […]
UAE’s real estate sector on upward trajectory in H1 2024
The UAE’s real estate sector continued to thrive and attract investment during the first half of 2024, supported by the country’s economic and financial stability, and the launch of new world-class projects to meet the rising demand for various property units. According to a report by the Emirates News Agency (WAM), major real estate companies […]
Ajman free zones see 18% growth in net profit in H1 2024
The Free Zones Authority of Ajman has maintained its steadfast efforts this year in bolstering the emirate’s economic diversification strategy and stimulating the investment and trade landscape in the emirate, with an increase of 18 per cent year-on-year (YoY) in net profit in H1 2024. The Authority reported a 70 per cent growth in the […]
UAE condemns terrorist attack in Mogadishu
The UAE has strongly condemned the terrorist attack in Somalia’s capital, Mogadishu, which resulted in dozens of deaths and injuries to innocent people. In a statement, the Ministry of Foreign Affairs (MoFA) affirmed that the UAE expresses its strong condemnation of these criminal acts and its permanent rejection of all forms of violence and terrorism […]
UAE President, VPs congratulate President of National Council for the Safeguard of the Homeland of Niger on Independence Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to General Abdourahamane Tchiani, President of the National Council for the Safeguard of the Homeland of Niger, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of […]