District cooling leader Tabreed announced a steady climb in revenue for the first quarter of 2024. The UAE-based company reported earnings of AED 468 million, marking a slight increase from AED 464 million during the same period in 2023. While the growth may seem modest, it signifies Tabreed’s continued financial stability and its ability to navigate a dynamic market. This positive performance is underscored by Tabreed’s Earnings […]
Bayanat, a leading provider of artificial intelligence (AI)-powered geospatial solutions listed on the Abu Dhabi Securities Exchange (ADX), kicked off 2024 on a high note. The company announced a strong financial performance for the first quarter (Q1), reporting AED 113 million in revenue. This marks a significant 12% year-over-year increase, solidifying Bayanat’s position in the geospatial solutions market. This impressive growth is attributed to Bayanat’s strategic expansion […]
In a significant move to empower women in business, Etihad Airways and the Abu Dhabi Businesswomen Council (ADBWC) have joined forces to support a staggering 25, 000 women-owned small and medium-sized enterprises (SMEs) operating in the capital. This collaborative effort aims to provide these businesses with greater access to opportunities and resources, fostering their growth and contribution to the UAE’s economy. Through a signed Memorandum of Understanding […]
The Dubai Electricity and Water Authority (DEWA) has been announced as the Sustainability Strategic Partner for the 22nd edition of the Arab Media Forum (AMF), solidifying its commitment to promoting sustainable practices throughout the region. The forum, held under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, is set to take place from May […]
Kalba is igniting a spark of creativity in its youth with a new program focusing on wood plastic arts. This innovative initiative aims to introduce youngsters to the wonders of crafting and design, using a combination of accessible and versatile materials – wood and plastic. The brainchild of local art enthusiasts, the program caters to a specific age group, targeting the natural curiosity and energy of young […]
The Abu Dhabi Global Healthcare Week (ADGHW) concluded on a high note, marking a significant step forward in global healthcare collaboration. The week-long event, which brought together health leaders, policymakers, and experts from around the world, culminated in a closing ceremony attended by prominent figures including Sheikh Zayed bin Hamdan bin Zayed Al Nahyan. Sheikh Zayed bin Hamdan’s presence underscored the UAE’s commitment to advancing healthcare on […]
Good news for Gulf Cooperation Council (GCC) banks:credit rating agency S&P Global Ratings predicts their profitability will stay robust throughout 2024. This positive outlook comes despite a delay in interest rate cuts by the US Federal Reserve. The strong performance is largely attributed to the mirroring effect between GCC central banks and the Fed. Since most GCC currencies are pegged to the US dollar, their central banks […]
Sharjah witnessed a significant development in its healthcare infrastructure on Wednesday with the inauguration of the new Kalba Hospital by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah. This 100-bed facility, boasting an area of 15, 000 square meters, marks a major step forward in providing advanced medical services to the residents of Kalba and the surrounding areas. The […]
By K Raveendran The Supreme Court decision to declare the arrest of Prabir Purkayastha, founder of news website NewsClick as illegal has reignited the debate on the delicate balance between national security concerns and individual liberty. While Purkayastha’s release is a positive development, the court’s reasoning raises questions about the potential for continued arbitrary arrests […]
The post Purkayastha Arrest: There Is More Than Technicalities At Stake first appeared on Latest India news, analysis and reports on IPA Newspack.
The Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of the United Arab Emirates, has joined a consortium aiming to privatize Malaysia Airports Holdings Berhad (MAHB). The consortium, known as the Gateway Development Alliance, submitted a pre-conditional voluntary offer to acquire all remaining shares in MAHB for a total of $3.9 billion. This move comes as Malaysia seeks to raise capital and potentially improve the […]
In a significant stride towards its environmental goals, Saudi Arabia has launched a Green Financing Framework. This initiative, spearheaded by the Ministry of Finance, aims to propel the nation’s sustainability agenda and achieve net-zero emissions by 2060. The framework aligns with the principles of a circular carbon economy, underscoring Saudi Arabia’s commitment to environmental stewardship and responsible development. The Green Financing Framework serves as a roadmap for […]
Egypt’s ambitious development plans for the Ras Al-Hikma peninsula received a significant shot in the arm with a second payment of $14 billion from the United Arab Emirates (UAE). This latest installment is part of a monumental $35 billion deal between Egypt and Abu Dhabi’s sovereign wealth fund, ADQ, to transform the 200-kilometer stretch of coastline west of Alexandria. The agreement marks one of the largest […]
Arabian Post Staff The United Arab Emirates (UAE) has introduced a new visa program aimed at attracting and retaining individuals who significantly contribute to environmental protection. The “Blue Residency” visa offers a ten-year residency permit to those making exceptional efforts towards environmental sustainability. This initiative aligns with the UAE’s designation of 2024 as the “Year of Sustainability.” Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s […]
On the occasion of Paraguay’s Independence Day, leaders from the United Arab Emirates (UAE) sent messages of congratulations to their South American counterparts. President His Highness Sheikh Mohamed bin Zayed Al Nahyan conveyed his well wishes to Paraguayan President Santiago Peña. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister […]
In a move designed to accelerate the development of Saudi Arabia’s entertainment sector, Qiddiya Investment Company (QIC) announced the incorporation of SEVEN, the Kingdom’s leading entertainment development firm. This strategic merger strengthens Saudi Arabia’s ambition to transform its entertainment landscape and position Qiddiya, a mega entertainment city under construction, as a key contributor to the nation’s economic diversification goals. SEVEN, established in 2017 by the Public Investment […]
Energy company Mubadala Energy has scored another significant win offshore Indonesia, announcing a major gas discovery at the Tangkulo-1 exploration well. This find comes just months after the company’s success at the Layaran-1 well in the same region, solidifying the South Andaman Block as a key player in Southeast Asia’s energy scene. The Tangkulo-1 well, drilled to a depth of 3, 400 meters in 1, 200 meters […]
Emirates NBD, a leading bank in the United Arab Emirates, is making a significant stride towards democratizing fixed-income investments. The bank announced it will offer fractional bond investments through its digital wealth platform, the ENBD X app. This move allows individual investors to participate in the bond market with a lower minimum investment compared to traditional whole bond purchases. Previously, the high minimum investment amounts associated with […]
Riyadh, Saudi Arabia – Metric, a global financial intelligence and analytics platform built for small and medium-sized businesses (SMBs), has been backed by the 500 Global program through the Sanabil 500 Mena Seed fund. This support underlines Metric’s commitment to fostering the burgeoning SME sector in Saudi Arabia, and the push towards digitization for businesses. 500 Global, a highly renowned multi-stage venture capital firm with $2.4B in […]
Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, a member of the Abu Dhabi royal family, marked his presence at the closing ceremony of the inaugural Abu Dhabi Global Healthcare Week (ADGHW) on May 15, 2024. The three-day event, held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, served as a platform for global healthcare leaders, […]
In a significant development for cancer treatment in the United Arab Emirates, Burjeel Medical City, one of the nation’s leading healthcare institutions, and TII, a company at the forefront of biotechnology, have announced a strategic partnership. This collaboration aims to accelerate the adoption of advanced immunotherapy solutions for patients battling cancer. Immunotherapy harnesses the body’s immune system to fight cancer cells. By stimulating the body’s natural defenses, […]
By Sushil Kutty Fact-checker Muhammed Zubair checked and declared Prime Minister Narendra Modi did not speak the truth. Modi did indeed do ‘Hindu-Muslim’ as he went about drumming support from Hindus. But Zubair stopped short of asking Modi to “quit public life” as Modi said he would if he ever did ‘Hindu-Muslim’. Prime Minister Narendra […]
The post What Is The Truth Behind Prime Minister Modi’s ‘Hindu-Muslim’ Clarification? first appeared on Latest India news, analysis and reports on IPA Newspack.
A group of Dubai gold merchants are in talks with the emirate’s authorities to simplify regulations that they believe hinder the competitiveness of the gold trade. The discussions, which have been ongoing for several months, center on streamlining “know your customer” (KYC) requirements and customs procedures, both seen as overly bureaucratic by some traders. Dubai has long been a global hub for the gold trade, attracting international […]
Dubai Roads and Transport Authority (RTA) is paving the way for a more inclusive future in the transportation sector with the launch of its “Inspiring Women Leaders” program. This initiative aims to empower women within the organization by providing them with the tools and resources necessary to excel in leadership roles. The program recognizes the significant contributions women already make to the RTA and aims to bridge […]
Dubai has cemented its position as the world’s leading hub for foreign direct investments (FDI) focused on establishing new ventures. According to the latest data from the Financial Times’ fDi Markets report, Dubai secured the top spot for attracting greenfield FDI projects in 2023, marking an impressive three-year winning streak. This achievement highlights Dubai’s continuous efforts to foster a business-friendly environment and its strategic initiatives to solidify […]
