Business & Money | Monday 15 August, 2022 11:50 am

Dahua Technology strikes distribution partnership with ABCOM; brings state-of-the-art smart IoT and digital signage solutions to MENA market

 Dahua Technology, a world-leading video-centric smart IoT solutions and service provider, today announced a strategic partnership with Dubai-headquartered ABCOM Distribution LLC. The partnership between the two companies is arguably one of the biggest industry developments in the pandemic...

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Business & Money | Sunday 14 August, 2022 12:54 pm

Community Development Authority announces additional financial assistance supporting over 1100 minor prior new academic year

Under the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Council, the Dubai Community Development Authority announced additional financial assistance supporting 1101 minors registered with the Authority before the start of the...

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Business & Money | Sunday 14 August, 2022 12:43 pm

304.6m riders used public transport means, shared mobility and taxis in the first half of 2022

Dubai’s Roads and Transport Authority (RTA) announced that the number of riders using public transport means and shared mobility in Dubai that include Dubai Metro, Dubai Tram, public buses, marine transport means (abras, ferry, water taxi, water bus), e-hail rides, smart car rental,...

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Business & Money | Sunday 14 August, 2022 11:13 am

Emaar to buy Dubai Creek Harbour from Dubai Holding for $2bn, half in shares

Dubai's biggest listed developer, Emaar Properties, will acquire Dubai Creek Harbour from Dubai Holding for 7.5 billion dirhams ($2 billion). The deal, to be paid equally in cash and shares of Emaar Properties, will make Dubai Holding the second largest shareholder of Emaar, the company said...

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Business & Money | Sunday 14 August, 2022 11:11 am

Oil behemoth Aramco beats forecasts with record Q2 profit of $48.4bn

Saudi Aramco’s profit has surged 90 percent in the second quarter of 2022, beating the median of analysts’ forecasts with the highest quarterly profit since going public in 2019. The oil giant was expected to report $46.2 billion in net income based on 15 analyst...

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Business & Money | Saturday 13 August, 2022 4:18 pm

Gulf Air and Ras Al Khaimah International Airport Sign on Commencement of Services to Ras Al Khaimah

Gulf Air, the national carrier of the Kingdom of Bahrain, in co-ordination with Ras Al Khaimah International Airport (RAK International Airport), will commence schedule services to Ras Al Khaimah on 3rd October 2022. The service will commence with a view to establish a year-round scheduled...

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Business & Money | Saturday 13 August, 2022 4:16 pm

Dubai Electricity and Water Authority PJSC announces AED 12.08 billion revenue and 3.30 billion net profit in the first half of 2022

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its second quarter 2022 financial results, recording quarterly revenue of...

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Business & Money | Saturday 13 August, 2022 4:09 pm

Oil set for weekly gain despite price dip on demand concerns

Oil prices fell on Friday, held down by recession fears clouding the demand outlook, but remained on track for a weekly gain. Brent crude futures were down $1.33, or 1.3 percent, at $98.27 a barrel by 1225 GMT while US West Texas Intermediate crude fell $1.51, or 1.6 percent, to...

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Business & Money | Friday 12 August, 2022 12:33 pm

Homegrown Pedalo Gelato Extends its Delivery Footprint

The homegrown brand has extended its delivery footprint in Dubai to include Jumeirah, Umm Suqeim, Satwa, Downtown Dubai, Sheikh Zayed Road and Business Bay. Customers in these areas can now purchase Pedalo via major delivery platforms including Deliveroo and Talabat. From signature flavours...

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Business & Money | Friday 12 August, 2022 12:31 pm

NMKR AND NEWTEK HOLDINGS SIGN AGREEMENT TO BRING REAL LIFE ASSETS INTO WEB3.

 Leading blockchain technology provider NMKR has partnered with NewTek Holdings to bring real life assets into Web3, beginning with prime Dubai real estate projects. Patrick Tobler, Founder and CEO of NMKR, and Safi Qurashi, CEO of newly established NewTek, have signed an agreement to...

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