Abu Dhabi’s Response Plus Holding swings to Q1 net profit
Response Plus Holding, one of the UAE’s largest providers of healthcare services, on Wednesday said it pivoted to a net profit of 14.31 million dirhams ($3.9 million) in Q1 2022, from a loss of 1 million dirhams in the same period last year. Total revenues stood at 87.7 million dirhams compared with 0.4 million dirhams […]
Demand for office space in Dubai surges as foreign firms expand, relocate staff
Demand for office space in Dubai has surged to a five-year high amid a huge influx of foreign businesses looking to relocate or expand in the UAE, according to the latest data. City-wide office occupancy levels stood at 81 percent during the first quarter of 2022, the highest in the last five years, while rents […]
Dubai-based DEI named Legoland Korea imaging partner
Legoland Korea Resort and DEI (Digiphoto Entertainment Imaging), one of the leading imaging services and solutions providers, announced that the two parties have entered into a multi-year alliance, establishing DEI as the official imaging service sponsor. With this agreement, DEI will become the exclusive service provider of the attraction, capturing guests’ awesome moments with their […]
Dubai’s Emirates steps up cabin crew hiring in 30 cities worldwide
Dubai’s long-haul operator Emirates Airline has stepped up its recruitment drive as it continues to ramp up operations across its global network amid easing of travel restrictions. In a statement on Tuesday, the airline said its hiring team is making stops in 30 cities worldwide to recruit new cabin crew members over the next six […]
Gulf Navigation Holding sees lower profits in Q1-22
The net profits attributable to the owners of Gulf Navigation Holding (GNH) plunged to AED 1.65 million in the first quarter (Q1) of 2022 from AED 80.13 million in the corresponding period in 2021, according to the company’s unaudited consolidated financials. The company’s operating revenues rose by 13% year-on-year (YoY) to AED 35.06 million in […]
Dubai’s Airport Show to set pace for industry growth
The 21st edition of the Airport Show, the world’s largest annual airport event, opening in Dubai tomorrow (May 17) will showcase the latest solutions from around the world that will shape the future of the industry. Set to be the driving force for the global aviation industry to emerge even stronger after the Covid-19 pandemic, […]
Sheikh Mohamed, the art lover who transformed Abu Dhabi’s landscape
The UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, has been instrumental in transforming the UAE Capital, Abu Dhabi, into a global centre of art and culture. The iconic Louvre Abu Dhabi is a defining achievement, which is now a haven for creatives. The Capital, with several world-class spaces for art and artists, […]
Amlak Finance sees higher profits in Q1-22; accumulated losses hit 86% of capital
Amlak Finance has achieved net profits worth AED 13.08 million in the first quarter (Q1) of 2022, higher than AED 6.38 million in Q1-21. In the first three months (3M) of 2022, the income from Islamic financing and investing assets declined to AED 34.49 million from AED 40.84 million in the same period a […]
Sheikh Mohamed bin Zayed Al Nahyan: The man who piloted nation’s diversification from oil
In the 1930s, Abu Dhabi was a fishing village off the Arabian Gulf coast. The emirate owes its rags-to-riches story to oil. It is one of the largest oil producers and holds the vast majority of the young nation’s oil reserves. However, the country’s future will depend on diversifying its economy and reducing dependence […]
Emirates Investment Bank turns to losses in Q1-22
Emirates Investment Bank has logged net losses attributable to the equity holders of AED 43.63 million in the first quarter (Q1) of 2022, versus net profits of AED 7 million in the same quarter of 2021, according to the bank’s unaudited consolidated financials. The bank’s net income amounted to AED 11.04 million in […]