Dubai

DMCC, Bybit extend partnership to boost Dubai’s position as global crypto hub

Bybit supported and advised over 20 startups, helping them establish a foothold in Dubai's dynamic crypto landscape in 2023

UAE nationals receive $691.53 million in home construction tax refunds from FTA

This covers the period since the service was launched and until the end of the first half of 2024

Air Arabia reports $188.67 million net profit in H1 2024, continues network expansion and sustainability efforts

The airline achieved a turnover of $449.22 million, a 19 percent increase year-over-year

UAE’s diversified economy maintains robust growth in real estate, tourism, and manufacturing: OPEC

OPEC reported that the housing, utilities, and fuels sector rose to 6.7 percent YoY in June, up from 6.6 percent in May

Kuwait Warba Bank’s $500 million sukuk listing on Nasdaq Dubai attracts $1.8 billion in orders

This is the fourth listing under their $2 billion trust certificate program

Dubai’s Parkin reports $114.62 million in H1 2024 revenue, expands to 200,400 spaces

The company's Q2 2024 financial results saw a 12 percent increase in total revenues, reaching $55.94 million

DMCC accounts for 15 percent of total FDI in Dubai, 7 percent of GDP in H1 2024

Free zone posted a notable expansion in the technology sector, registering 226 new companies, including 14 gaming and nine AI companies

Abu Dhabi, Dubai ranked top liveable cities in Middle East and Africa

Among the top-ranking GCC cities were Kuwait City, Doha and Bahrain in the 3rd, 4th and 5th places, respectively

UAE’s DEWA reports $3.72 billion in H1 2024 revenue, shareholders to get $1.68 billion in dividends annually for 5 years

EBITDA reached AED6.6 billion, operating profit of AED3.3 billion and profit after tax of AED2.6 billion

ADNOC Distribution net profit rises 12.9 percent to $170 million in Q2 2024

Company's non-fuel retail gross profit increased by 13.5 percent annually in Q2 2024 to $56 million