Emirates today announced plans to introduce its newly retrofitted Boeing 777s to two more cities - Zurich and Riyadh from 1st October 2024.
Category: Economy
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AD Ports Group reports 42% growth in total net profit in Q2-24
AD Ports Group on Tuesday announced that its total net profit reached AED439 million in Q2 2024, an increase of 42% Year-on-Year (YoY), while the net profit after minorities reached AED333 million in Q2 2024, an increase of 16% YoY.
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ADNOC Drilling to be added to MSCI’s flagship indexes on August 30
ADNOC Drilling Company has announced that its stock has been selected for inclusion in the prestigious MSCI indexes effective post market close on 30th August 2024.
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IFZA sponsors Smart Cities Week APAC 2024
IFZA, Dubai’s most dynamic free zone community, has sponsored the Smart Cities Council’s (SCC’s) inaugural Smart Cities Week APAC event held recently in Australia.
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DEWA commissions 558 11 kV distribution substations in H1 2024
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced that the authority has commissioned 558 11 kV distribution substations across Dubai in the first half of 2024.
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CBUAE imposes administrative sanction on insurance company operating in UAE
The Central Bank of the UAE (CBUAE) imposed an administrative sanction on an insurance company operating in the UAE, pursuant to Article 33 (2) (a) of the Federal Decree-Law No. (48) of 2023 regarding the Regulation of Insurance Activities.
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DMCC accounts for 15% of all FDI to Dubai
the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise—has announced key performance results in H1 2024, recording 1,023 new member companies, bringing its total to almost 25,000 companies.
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Nasdaq Dubai welcomes $500 million Sustainability Sukuk by Kuwait’s Warba Bank
Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion trust certificate issuance programme.
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du Youth Council launches entrepreneurial talent initiatives to empower youth
du, from Emirates Integrated Telecommunications Company (EITC), today announced the launch of educational initiatives designed to foster technological proficiency and innovation among the youth.
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FTA approves AED2.45 billion in home-construction tax refunds for UAE nationals
The Federal Tax Authority (FTA) has approved a total of 30,920 applications for Value Added Tax (VAT) refunds worth a total of AED2.54 billion submitted by Emirati citizens for taxes incurred on building new residences since the service was launched and until the end of the first half of 2024.