Dubai DEWA’s consolidated profit rises 10% to $208mln in Q1 2023
Utility provider Dubai Electricity and Water Authority (DEWA) reported a consolidated net profit of 763 million UAE dirhams ($207.78 million), up 10.4% year-on-year (yoy), in the first quarter of 2023. The first-quarter consolidated revenue rose 7.3% year-on-year to AED 5.44 billion, fuelled by higher demand for electricity, water, and cooling services, the company said in […]
UAE’s National Properties launches 399 Hills Park project
National Properties, the real estate subsidiary of National Bonds Corporation, announced on Monday the launch of 399 Hills Park luxury residential project in Dubai Hills Estate at a investment of one billion UAE dirhams ($272.32 million) The project is scheduled for completion in the fourth quarter of 2025, the developer said in a statement. The name of the […]
Emirates SkyCargo to double capacity, add 20 new cities
Emirates SkyCargo has added 2 Boeing 747-400Fs to its freighter fleet, showing its strong confidence in the global cargo market. The cargo division of Emirates, the world’s largest international airline, is expecting 15 more freighters to join its fleet from announced orders and its freighter conversion programme, plus a boost in belly-hold capacity from […]
UAE’s ADFD supports $320mln water supply project in Mauritania
Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to help finance a project aimed at providing potable water to the city of Kiffa ADFD’s funding for the $320 million project, which will source and supply water from the Senegal River, is $30 million (110 million UAE dirhams). The […]
ADFD finances sustainable water project in Mauritanian city of Kiffa with $30mln
Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to finance a project aimed at providing potable water to the city of Kiffa, which will be sourced from the Senegal River. The contribution from the ADFD towards this strategic project amounts to AED110 million (US$30 million). The total value […]
Dar Global launches luxury project in Dubai
Dar Global, a luxury real estate developer in Dubai, has presented its inaugural own-brand luxury living concept, DG1. Nestled in the heart of Dubai’s Business Bay, DG1 will boast captivating views of the Dubai Canal and Burj Khalifa. It offers uninterrupted views from every unit in the building, with architecture unrivalled by any other […]
Krohne to unveil innovative products at World Utilities Congress
Krohne, a global manufacturer and supplier of solutions in industrial process instrumentation, is set to showcase its innovative thought process and precision engineered product portfolio at the upcoming World Utilities Congress 2023 to be held in Abu Dhabi. An increasingly important platform in the global arena of power, water and nuclear discussions, World Utilities Congress […]
Dubai’s Department of Economy and Tourism celebrates successful participation at ATM 2023
Dubai’s Department of Economy and Tourism (DET) made an impressive showing at the 30th edition of Arabian Travel Market (ATM), held from 1st-4th May at the Dubai World Trade Centre, further reinforcing Dubai’s position at the forefront of the world’s leading travel destinations. More than 122 public and private sector establishments held a large number […]
Dubai flights: $3 airfare announced for popular Asian destination
This is not a drill: One of the Philippines’ top airlines, Cebu Pacific, is offering flight tickets for only Dh10. The ultra-low airfare was announced during the carrier’s 10th anniversary celebration on Friday. From May 5 to 9, travellers from Dubai to Manila can book their flights at a one-way base fare of Dh10. […]
UAE’s Vice President attends official reception hosted by King Charles at Buckingham Palace
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, on Saturday, attended the official reception hosted by His Majesty King Charles III of the United Kingdom of Great Britain and Northern Ireland, at Buckingham Palace. Sheikh Mansour bin Zayed conveyed to King Charles III the […]