United Arab Emirates

Talabat IPO: Subscription opens on November 19, 15 percent shares on offer

Admission of the shares for trading is expected to take place on or around December 10

Dubai’s Q2 2024 GDP rises 3.3 percent to reach $31.6 billion: Sheikh Hamdan

Second-quarter growth brought the total GDP in H1 2024 to AED231 billion, a 3.2 percent rise over the first half of 2023

Dubai’s Spinneys announces record $626.2 million revenue for nine months, pre-tax profit climbs to $55.3 million

Adjusted EBITDA up 8.8 percent YoY with an industry-leading EBITDA margin of 18.3 percent

ADNH Catering reports $326.7 million revenue for nine months, confirms $16.3 million dividend for FY 2024

The pro forma net profit reached AED110 million, showcasing a robust net profit margin of 9 percent

Sheikh Hamdan approves succession planning system for Emirati employees in Dubai government

System features effective mechanisms for identifying top-performing employees and preparing them for new roles

flydubai, Batik Air enter strategic interline agreement to expand network with over 40 destinations

Batik Air passengers will have the opportunity to travel to 38 destinations on flydubai’s growing network

DFM records $10.5 million in major trades on Al Ansari, Ajman Bank

29.1 million shares of Al Ansari were traded for AED28.5 million at AED0.97 each 

Emirates to showcase iconic retrofitted Airbus A380 at Bahrain International Airshow

Emirates is the world’s largest Airbus A380 operator and is currently undertaking the industry's largest known in-house $4 billion retrofit program

ADIPEC 2024: ADNOC awards $196.2 million contracts to 11 companies for manufacturing in UAE 

Awards for a wide range of products enabled by the company's In-Country Value (ICV) program

ADIPEC 2024 sets new records, unites industries to drive sustainable socioeconomic advancement

Under the theme ‘Connecting Minds. Transforming Energy,’ ADIPEC 2024 drew a record 205,139 participants from 172 countries 

UAE gold prices recover losses after CBUAE rate cut, global rates set for weekly drop

Gold prices continued to decline as the U.S. dollar index was set for a slight weekly gain after Trump's election victory

US Fed, UAE Central Bank lower interest rates

Labor market conditions have generally eased, and the unemployment rate has moved up but remains low, the Fed said

UAE’s banking sector net international reserves up 11 percent to $346.58 billion by end July 2024

CBUAE’s gold reserves grew by 23.5 percent YoY, reaching AED21.28 billion by the end of July

ADIPEC 2024: ADNOC L&S signs contracts worth $4.4 billion for 23 supertankers

ADNOC L&S has the largest diversified fleet in the region, with over 800 owned, operated and chartered vessels

Abu Dhabi’s ADQ named headline partner for ADFW 2024 and 2025

ADFW 2024 is set to run from December 9 to 12, focusing on the various elements that solidify Abu Dhabi’s position as the 'Capital of Capital'

UAE launches $136.1 million community initiatives to enhance well-being of senior citizens, women, and children

These initiatives offer a framework for long-term impact by developing human capital

Abu Dhabi’s IHC revenues surge 49.4 percent to $17.4 billion, profits rise to $4.9 billion

The company's total assets reached AED382.9 billion, representing a 44.9 percent growth since December 2023

Sheikh Hamdan announces partnership with Microsoft to equip one million people with AI skills by 2027

His Highness: “As we usher in the AI era, mastering AI skills is crucial for fostering innovation and driving economic sustainability”

UAE announces plans for COP29 in Azerbaijan next week, launches pavilion

UAE will host the pavilion in the Blue Zone, bringing together industry leaders for more than 60 programs over the two weeks

UAE Government Annual Meetings 2024 conclude with key launches, development plans

Over 10 main sessions showcased upcoming national directions in key areas such as economy and investment, AI, education and sports, and family and community empowerment

Sheikh Hamdan launches ‘71 Challenge’ to empower young government leaders

Sheikh Hamdan: “Young people are the driving force behind our nation's progress, fuelling its development and innovation”

UAE President says building Emirati families is a holistic national responsibility

Sheikh Mohamed directed all entities and institutions to support the holistic approach by implementing initiatives and policies to support building Emirati families