Nivetha Dayanand, Web Editor

Articles from the author

UAE MoF updates tax regulations for free zones

The trading of Qualifying Commodities has been included as a Qualifying Activity

The new decisions clarify the activities in scope for both Qualifying Activities and Excluded Activities.

UAE PMI climbs to highest level in over four years

The seasonally adjusted S&P Global UAE Purchasing Managers' Index reached 57.7 in October

New orders increase at sharpest pace since June 2019.

Union Properties records net profit of Dh37m in Q3 2023

The company’s revenue from contracts with customers reached Dh124m during Q3-2023

The company said it has implemented significant initiatives to expedite its business transformation goals, with an aim to enhance overall efficiency and productivity.

Qatar Airways resumes Doha-Ras Al Khaimah flights

The flight covers the one-hour journey from Hamad International Airport to Ras Al Khaimah

Welcoming passengers from one of the largest global airline networks, the Qatar Airways flights will bolster the nature Emirate’s vision of reaching three million visitors annually by 2030.

Qatar Airways net profit up 113.8% at $1.02b in H1-2023

The total passenger count for the first six months of the year reached 19.07 million

The company's efforts have focused on sustainable growth and the return of the majority of its A350 fleet into service, contributing to an 18% increase in Available Seat Kilometers (ASK).

Look: UAE leads top 100 in Fortune 500 Arabia list

The total revenues of the companies listed amounted to approximately $1.6 trillion

In Pictures: UAE dominates top 100 profitable companies in Fortune 500 Arabia list

DIB's 9M-2023 net profit surges 17.6% to Dh4.8 billion

Customer deposits increased to Dh221 billion, up 11.2% YTD

Bloomberg

Dubai's nine-month 2023 real estate transactions up 36%

Top areas for real estate transactions included Al Barsha South Fourth and Dubai Marina

Dubai skyline.

ADCB's nine-month 2023 net profit up 24% at Dh5.75b

Net profit was driven by solid momentum in loan growth and increased net interest margin

The Group’s balance sheet remains strong, with total assets of Dh537 billion as at September 23.

Dubai’s One Za’abeel takes in first residents

The Residences at One Za’abeel stand tall at 235 meters and encompass 59 stories

One Za’abeel is not just Dubai's next prestigious set of projects but also holds the longest cantilever in the world.

Abu Dhabi Airport sees strong Q3 2023 passenger surge

Around 6 million traveled through Abu Dhabi International Airport in Q3 2023

Abu Dhabi Airports also handled 143,979 tonnes of air freight during the same period.

Virgin Atlantic teams up with dnata for Dubai comeback

Economy Class fares start from Dh2,050 per person

Flights are now available for customers to book, and will operate from October 30, 2023 through to March 2024 with a four-times weekly seasonal service.

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