business

DP World reports record revenue of $20.0 billion in 2024
  • 18 hours ago

DP World reports record revenue of $20.0 billion in 2024

DP World Limited has announced financial results for the year ended 31st December 2024. On a reported basis, revenue grew by 9.7 percent to $20.0 billion, and adjusted EBITDA rose...

Update tax records by end of March: FTA
  • 15 hours ago

Update tax records by end of March: FTA
Nasdaq Dubai welcomes $1 billion Sukuk listing by RAK government
  • 18 hours ago

Nasdaq Dubai welcomes $1 billion Sukuk listing by RAK government
RAK Properties reports record 40% revenue growth in 2024

RAK Properties reports record 40% revenue growth in 2024

RAK Properties reported a 40 per cent year-on-year revenue increase in 2024, reaching Dhs1.4 billion, up from Dhs1 billion in 2023.The announcement came during...

14 hours ago
Emirates, Parsys design pioneering new telemedicine station for inflight customers

Emirates, Parsys design pioneering new telemedicine station for inflight customers

Emirates has joined forces with Parsys Telemedicine to introduce next generation equipment that will enable customers to receive high-quality, speedy medical care in the...

18 hours ago
UAEFTS processed Dhs19.89 trillion in transactions in 2024

UAEFTS processed Dhs19.89 trillion in transactions in 2024

The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to Dhs19.898 trillion during...

18 hours ago
RemotePass and Wafeq partner to automate payroll and accounting for UAE & KSA businesses

RemotePass and Wafeq partner to automate payroll and accounting for UAE & KSA businesses

Gulf NetworkRemotePass, a UAE-based global payroll platform, and Wafeq, a UAE-based accounting software provider, have partnered to fully automate payroll accounting for businesses in...

20 hours ago
Trump metals tariffs draw swift retaliation from Canada and EU

Trump metals tariffs draw swift retaliation from Canada and EU

President Donald Trump’s increased tariffs on all US steel and aluminium imports took effect on Wednesday, stepping up a campaign to reorder global trade...

12 Mar 2025
Sanad’s revenues rise by 40%, hitting Dhs4.92 billion in 2024

Sanad’s revenues rise by 40%, hitting Dhs4.92 billion in 2024

Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company (Mubadala), has announced exceptional financial...

12 Mar 2025
Positive energy, pragmatic actions key to drive global growth: Al Jaber

Positive energy, pragmatic actions key to drive global growth: Al Jaber

Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Adnoc Managing Director and Group CEO, Chairman of Masdar and Executive Chairman...

12 Mar 2025
Deal signed to carry out smarter payment transactions in the UAE

Deal signed to carry out smarter payment transactions in the UAE

Al Etihad Payments (AEP), a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE’s national card switch (UAESWITCH)...

12 Mar 2025
BoC likely to cut rates 25 bps to cushion economy from US tariffs

BoC likely to cut rates 25 bps to cushion economy from US tariffs

The Bank of Canada (BoC) will likely cut its benchmark rate by a quarter point on Wednesday to cushion the economy against US tariffs,...

12 Mar 2025
Japan’s wholesale inflation hits 4%, keeps BoJ rate-hike bets alive

Japan’s wholesale inflation hits 4%, keeps BoJ rate-hike bets alive

TOKYO: Japan’s annual wholesale inflation hit 4.0 per cent in February, data showed on Wednesday, underscoring pressure from rising raw material costs that will...

12 Mar 2025
'Make energy great again,' says Adnoc CEO Sultan Al Jaber

'Make energy great again,' says Adnoc CEO Sultan Al Jaber

The international investment arm of United Arab Emirates state oil company ADNOC will make a significant investment in US natural gas starting in the...

12 Mar 2025
Musk, Ambani join hands in surprise Starlink India internet deal

Musk, Ambani join hands in surprise Starlink India internet deal

Mukesh Ambani's Reliance Jio signed a deal with Elon Musk's SpaceX to bring Starlink satellite internet services to India, a surprise move from the...

12 Mar 2025
OPEC Fund provides $35 million loan to support food security, climate action in Uzbekistan

OPEC Fund provides $35 million loan to support food security, climate action in Uzbekistan

The OPEC Fund for International Development (the OPEC Fund) is extending a US$35 million loan to Uzbekistan’s State Joint-Stock Company Asaka Bank (Asaka Bank)...

11 Mar 2025
FAB shareholders approve highest-ever cash dividend of Dhs8.3 billion at AGM

FAB shareholders approve highest-ever cash dividend of Dhs8.3 billion at AGM

Gulf Today, Staff Reporter  First Abu Dhabi Bank (FAB) held its Annual General Meeting (AGM) on Tuesday at its headquarters in Abu Dhabi. All...

11 Mar 2025
Khaled witnesses strategic agreement of DCT Abu Dhabi, Nova Sky Stories, Analog

Khaled witnesses strategic agreement of DCT Abu Dhabi, Nova Sky Stories, Analog

His Highness Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has...

11 Mar 2025
Alpha Dhabi, Mubadala’s Credit joint venture reaches $1 billion portfolio milestone

Alpha Dhabi, Mubadala’s Credit joint venture reaches $1 billion portfolio milestone

Mubadala Investment Company and Alpha Dhabi Holding PJSC today announced that their joint venture, which was launched in 2023, has reached a significant milestone,...

11 Mar 2025
Taqa Water Solutions to develop major water project in Uzbekistan

Taqa Water Solutions to develop major water project in Uzbekistan

Taqa Water Solutions has signed a Memorandum of Agreement (MoA) with the New Tashkent City Directorate to explore the development of a 65km raw...

11 Mar 2025
US stock market loses $4 trillion in value as Trump ploughs ahead on tariffs

US stock market loses $4 trillion in value as Trump ploughs ahead on tariffs

President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion...

11 Mar 2025
ADX welcomes Alpha Data’s listing

ADX welcomes Alpha Data’s listing

The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, today welcomed the successful listing of Alpha Data, a leading digital...

11 Mar 2025
Adnoc to use AIQ’s $340 million agentic AI

Adnoc to use AIQ’s $340 million agentic AI

Building on the successful completion of a transformative proof-of-concept phase, AIQ - a Presight company - announced a landmark $340 million contract with Adnoc...

11 Mar 2025
Tecom shareholders approve Dhs400 million cash dividend for H2

Tecom shareholders approve Dhs400 million cash dividend for H2

Tecom Group shareholders have approved the financial statements for the year that ended December 31st, 2024 as well as the recommendation by the Board...

11 Mar 2025
In conversation with Ibrahim Imam, Co-CEO and Co-Founder of PlanRadar on the evolution of PropTech, exploring how digital transformation is shaping construction, property management in the UAE

In conversation with Ibrahim Imam, Co-CEO and Co-Founder of PlanRadar on the evolution of PropTech, exploring how digital transformation is shaping construction, property management in the UAE

 Gulf NetworkHow does PlanRadar streamline the construction lifecycle? What features or solutions have you most recently ...

11 Mar 2025
ADIB shareholders give nod to Dhs3.030 billion cash dividend

ADIB shareholders give nod to Dhs3.030 billion cash dividend

Abu Dhabi Islamic Bank (ADIB) shareholders, during the Annual General Assembly (AGM), discussed and approved all agenda items, including the election of Board of...

10 Mar 2025
Pakistan unexpectedly halts easing cycle, keeps key interest rate at 12%

Pakistan unexpectedly halts easing cycle, keeps key interest rate at 12%

Pakistan’s central bank unexpectedly halted its easing cycle on Monday, keeping its key policy rate at 12%, saying there could still be price risks...

10 Mar 2025
VP issues law pertaining to Dubai International Financial Centre Courts

VP issues law pertaining to Dubai International Financial Centre Courts

Provisions of the new law seek to regulate the judicial and administrative aspects of the DIFC Courts alongside existing DIFC regulations.DUBAI: In his capacity...

10 Mar 2025
FTA launches ‘Family Foundations as an Unincorporated Partnership’ application via ‘EmaraTax’

FTA launches ‘Family Foundations as an Unincorporated Partnership’ application via ‘EmaraTax’

The Federal Tax Authority (FTA) has introduced a new application via the “EmaraTax” digital tax services platform, enabling eligible Family Foundations to apply for...

10 Mar 2025
HSBC downgrades US stocks, turns bullish on EU equities

HSBC downgrades US stocks, turns bullish on EU equities

HSBC on Monday downgraded US equities, citing uncertainty around tariffs, while turned bullish on European stocks following boost from Germany loosening its fiscal reforms.The...

10 Mar 2025

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Local
RAK Properties reports record 40% revenue growth in 2024

RAK Properties reports record 40% revenue growth in 2024

RAK Properties reported a 40 per cent year-on-year revenue increase in 2024, reaching Dhs1.4 billion, up from Dhs1 billion in 2023.The announcement came during...

14 hours ago
Emirates, Parsys design pioneering new telemedicine station for inflight customers

Emirates, Parsys design pioneering new telemedicine station for inflight customers

Emirates has joined forces with Parsys Telemedicine to introduce next generation equipment that will enable customers to receive high-quality, speedy medical care in the...

18 hours ago
UAEFTS processed Dhs19.89 trillion in transactions in 2024

UAEFTS processed Dhs19.89 trillion in transactions in 2024

The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to Dhs19.898 trillion during...

18 hours ago
Sanad’s revenues rise by 40%, hitting Dhs4.92 billion in 2024

Sanad’s revenues rise by 40%, hitting Dhs4.92 billion in 2024

Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company (Mubadala), has announced exceptional financial...

12 Mar 2025
World
Trump metals tariffs draw swift retaliation from Canada and EU

Trump metals tariffs draw swift retaliation from Canada and EU

President Donald Trump’s increased tariffs on all US steel and aluminium imports took effect on Wednesday, stepping up a campaign to reorder global trade...

12 Mar 2025
BoC likely to cut rates 25 bps to cushion economy from US tariffs

BoC likely to cut rates 25 bps to cushion economy from US tariffs

The Bank of Canada (BoC) will likely cut its benchmark rate by a quarter point on Wednesday to cushion the economy against US tariffs,...

12 Mar 2025
Japan’s wholesale inflation hits 4%, keeps BoJ rate-hike bets alive

Japan’s wholesale inflation hits 4%, keeps BoJ rate-hike bets alive

TOKYO: Japan’s annual wholesale inflation hit 4.0 per cent in February, data showed on Wednesday, underscoring pressure from rising raw material costs that will...

12 Mar 2025
'Make energy great again,' says Adnoc CEO Sultan Al Jaber

'Make energy great again,' says Adnoc CEO Sultan Al Jaber

The international investment arm of United Arab Emirates state oil company ADNOC will make a significant investment in US natural gas starting in the...

12 Mar 2025