Business & Money | Monday 4 August, 2025 8:00 am

ACWA Power’s business portfolio to double in 5 years: CEO

The size of ACWA Power Co.’s business portfolio doubled during the last three years, CEO Marco Arcelli stated. He expects it to double again over the coming five years, as the company proceeds with achieving its mission on a larger scale and with a larger impact. “What we have achieved so...

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Business & Money | Monday 4 August, 2025 8:00 am

CBI reports pre-tax net profit of AED93m in H1’25

Commercial Bank International (CBI) today announced its financial results for the first half of 2025. Pre-tax net profit increased by 4% YoY from AED90 million in H1-24 to AED93 million in H1-25. The Bank reported pre-tax net profit of AED48 million for Q2-25 The operating profit increased by...

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Business & Money | Monday 4 August, 2025 8:00 am

DFM announces 298% rise in net profit before tax for H1 2025 to AED777.1 million

Dubai Financial Market (DFM) today announced its consolidated financial results for the six-month period ending 30 June 2025, reporting a net profit before tax of AED777.1 million, up 298 percent compared to the same period in 2024, underscoring strong investor confidence and the continued...

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Business & Money | Sunday 3 August, 2025 8:00 am

Mohammed bin Rashid boards Etihad Rail passenger train for journey between Dubai, Fujairah ahead of commercial launch in 2026

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, reviewed the progress of Etihad Rail and embarked on a passenger train journey between Dubai and Fujairah. The visit reflects his commitment to personally overseeing strategic infrastructure...

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Business & Money | Sunday 3 August, 2025 8:00 am

UAE cementing its leadership in maritime sector through high-impact local projects

The UAE continues to solidify its position as a leading maritime power and a global model in the maritime sector through pioneering initiatives and projects that place sustainability at the core of its development policies. It was among the first countries to adopt integrated policies for marine...

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Business & Money | Sunday 3 August, 2025 8:00 am

AMEA Power joins second phase of Agadir desalination project in Morocco

AMEA Power, one of the fastest-growing renewable energy companies in the region, announced its entry into the second phase of the Agadir desalination project in Morocco. The facility will be powered by AMEA Power’s 150 MW wind project in Laayoune, which is being co-developed with...

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Business & Money | Sunday 3 August, 2025 8:00 am

IHC,RIQ announce strategic 10-year alliance anchored by over USD 500 million in reinsurance premiums

RIQ, the AI-native reinsurance platform purpose-built for the future of global risk transfer, has entered into a preferred reinsurance partnership with IHC, anchored by a targeted allocation of over USD 500 million in risk coverage within the coming decade. Based in Abu Dhabi Global Market and ...

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Business & Money | Sunday 3 August, 2025 8:00 am

AD Ports Group, Egypt’s Ministry of Petroleum, TCM sign MoU to explore joint operation, development of strategic crude oil storage facilities

AD Ports Group, a leading global enabler of trade, logistics, and industry; Egypt’s Ministry of Petroleum & Mineral Resources; and TCM Project Management, a Dubai based LLC company; today signed a Memorandum of Understanding (MoU) to explore joint operation and development of Egypt’s...

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Business & Money | Sunday 3 August, 2025 8:00 am

Abu Dhabi’s hotel sector hit AED682 million in revenues during May

Hotel establishments in Abu Dhabi continued their positive performance in May 2025, driven by higher occupancy rates and an increasing number of international guests. The sector recorded total revenues of AED682 million, reflecting the sustained growth of the emirate’s tourism and...

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Business & Money | Sunday 3 August, 2025 8:00 am

Ras Al Khaimah Tourism sector hits record 654,000 visitors in H1 2025

Ras Al Khaimah Tourism Development Authority (RAKTDA) has reported record-breaking performance for the first half of 2025, with over 654,000 visitor arrivals, marking a 6 percent year-on-year increase, alongside a 9 percent rise in tourism revenues. Raki Phillips, CEO of RAKTDA, said the...

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