Government | Sunday 23 July, 2023 9:13 am

Saudi Fund for Development signs a $10 million loan agreement to construct business incubation centers in the Bahamas

The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed the first development loan agreement worth $10 million in SFD’s headquarters in Riyadh with Hon. Isacc Chester Cooper, Deputy Prime Minister and Minister of The Bahamas Ministry of Tourism,...

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Government | Sunday 23 July, 2023 8:43 am

Dubai Customs and Nakheel Properties Unite for Innovation: Pioneering the Future of Customs Operations in the UAE

Dubai Customs, with its unwavering commitment to support innovation and creativity in the UAE, recently hosted a delegation from Nakheel Properties at the Innovation Center. The purpose of this visit was to provide insights into Dubai Customs' experience in fostering new ideas and innovations,...

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Tourism & Hospitality | Sunday 23 July, 2023 8:38 am

SAUDIA Successfully Transported 7.4 Million Guests Internationally in 6 Months, Experiencing a Growth Rate of 52%

SAUDIA (Saudi Arabian Airlines) has continued to achieve remarkable operational performance, as evident by the performance report for the first half of 2023. The report highlights the transportation of over 13.7 million guests on both domestic and international routes, representing a substantial...

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Environment & Energy | Saturday 22 July, 2023 8:41 am

DEWA calls for caution in electrical appliance usage during summer

Dubai Electricity and Water Authority (DEWA) has urged the public to take all necessary measures to avoid the risk of fire due to misuse of electrical appliances and connections with increasing temperatures in summer or failure to conduct periodic maintenance.DEWA called on customers to use its...

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Environment & Energy | Saturday 22 July, 2023 8:32 am

UAE Ministry of Energy and Infrastructure collaborates with DNV to establish Maritime Decarbonisation Centre

In a groundbreaking move that solidifies the UAE's status as a global leader in sustainability and energy transition, the UAE Ministry of Energy and Infrastructure (MOEI) has announced the establishment of the "UAE Maritime Decarbonisation Centre." As the first-of-its-kind Centre in the MENA...

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Business & Money | Saturday 22 July, 2023 8:29 am

FAB logs net profit of AED 8.1 bn in H1 2023

First Abu Dhabi Bank (FAB) today announced its record performance with a first half 2023 net profit at AED 8.1 billion, the highest ever achieved by the Group in a half-year period. Return on Tangible Equity (ROTE) increased substantially to 18.6 percent, with strong capital accretion lifting...

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Business & Money | Saturday 22 July, 2023 8:26 am

ADCB reports 23% net profit hike reaching AED1.93bn in Q2’23

Abu Dhabi Commercial Bank PJSC (ADCB) today published its financial results for the second quarter of 2023 (Q2’23), reporting a net profit of AED 1.932 bn, an increase of 23 percent year-on-year (YoY). This strong performance is driven by broad-based income growth and improved efficiency...

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Government | Saturday 22 July, 2023 8:23 am

OPEC Secretary General to participate in G20 meeting in India

OPEC Secretary General, Haitham Al Ghais, will participate at the G20 Energy Ministerial Meeting in Goa, India, on 22nd July.The Secretary General said: “It is an honour to be representing OPEC’s Member Countries at the meeting, and one that is taking place in India, a key strategic dialogue...

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Government | Saturday 22 July, 2023 8:21 am

COP28 and IEA convene Global Energy Decision Makers to accelerate a just, orderly energy transition

The COP28 UAE Presidency and the International Energy Agency (IEA) have convened the first in a landmark series of high-level dialogues through to COP28 around building a 1.5°C-aligned energy transition. The initiative is being carried out in collaboration with the International Renewable Energy...

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Tourism & Hospitality | Saturday 22 July, 2023 7:39 am

GACA issues June classification for air transport service providers, airports

The General Authority of Civil Aviation (GACA) issued an index for the classification of air transport service providers and airports based on the number of complaints filed by travelers to the authority in June.  GACA stated that the total number of complaints submitted by passengers...

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