Business & Money | Friday 8 March, 2024 7:08 am

ADCB approves cash dividends of AED0.56 per share amounting to AED4.099 bn

Abu Dhabi Commercial Bank (ADCB) has approved the Board of Director’s proposal to distribute a cash dividend of AED0.56 per share, translating to a total pay-out of AED4.099 billion equivalent to 50% of the Net Profit in 2023. This came as the ADCB today held its physical-cum-virtual 40th...

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Government | Friday 8 March, 2024 6:54 am

AD Ports Group welcomes Iraqi delegation to discuss strategic transport and logistics projects

AD Ports Group today welcomed an esteemed Iraqi delegation headed by Razzaq Muhaibas Al-Saadawi, Iraq’s Minister of Transport, alongside key figures and leaders in business, investment and development sectors. The focus was on a number of projects pivotal to international transport, logistics...

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Business & Money | Friday 8 March, 2024 1:41 am

RAKEZ welcomes diverse global delegations in a strong start to the year

Ras Al Khaimah Economic Zone (RAKEZ) noted a dynamic start to the year, having already hosted a dozen high-profile international delegations and business councils. These visits underscore RAKEZ’s growing appeal as a leading destination for investment and economic...

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Business & Money | Thursday 7 March, 2024 9:33 am

MOHAMMED BIN RASHID AEROSPACE HUB AND TIM AEROSPACE BREAK GROUND ON ONE OF THE REGION’S LARGEST MRO HANGARS

The Mohammed bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai dedicated to the advancement of the aviation industry, and Tim Aerospace broke ground on its new hangar at Dubai South. The new facility will be built with the maximum allowed design dimensions, making it one...

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Business & Money | Thursday 7 March, 2024 8:51 am

Abu Dhabi Exports Office takes part in TXF MENA conference for third consecutive year

The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), participated in the TXF MENA conference marking the third consecutive year of its engagement with the event. The conference which took place in Dubai on March 5-6 brought together industry...

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Business & Money | Wednesday 6 March, 2024 10:29 am

Ajman DED obtains global accreditation from CIPS

The Department of Economic Development in Ajman (Ajman DED) has obtained international accreditation for procurement and supply ethics by the international Chartered Institute of Procurement and Supply (CIPS). This accreditation is the first of its kind at the Ajman government level, in...

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Beauty & Style | Wednesday 6 March, 2024 10:28 am

FAB shareholders approve AED 7.8 billion cash dividend at AGM

First Abu Dhabi Bank (FAB) concluded its Annual General Meeting (AGM) today at FAB’s headquarters in Abu Dhabi. All items on the agenda were discussed and approved, including the distribution of 50% cash dividends (AED 0.71 per share, implying total cash dividends of AED7.8 billion) for the...

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Business & Money | Wednesday 6 March, 2024 10:25 am

Dubai Land Department, Property Finder, Bayut, Dubizzle collaborate to empower local talent in real estate sector

Dubai Land Department (DLD), represented by the Real Estate Regulatory Agency (RERA), has entered into partnership agreements with Property Finder, Bayut Web Publishing and Dubizzle to empower local talents and raise awareness in Duba’si real estate sector. These partnerships aim to create an...

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Business & Money | Tuesday 5 March, 2024 11:43 am

Dubai’s branded residences growth will be dominated by lifestyle brand collaborations

Dubai is now the leading city, globally for the development of branded residences, with the number of standalone projects (developments without a hotel component) set to rise to 54% of the market, accounting for 78% of new projects over the next four years, against a global projection of 41%.  ...

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Business & Money | Tuesday 5 March, 2024 10:15 am

"BHM Capital" secures the largest share of new investor accounts in the Dubai Financial Market

BHM Capital, a leading financial institution in the capital markets of the United Arab Emirates, commenced 2024 with a strong success. During the past two months, January and February, the data released on the Dubai Financial Market website showed the company's acquisition of the largest share of...

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