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ROBUST PROFITABILITY
Emaar Properties sales jump 60%; $1.2bn dividend approved
Emaar Properties has recorded year-to-date sales of over AED19 billion ($5.2 billion), an increase of 60% compared to same period last year. Meanwhile, the company's AGM has approved a dividend of 50 fils per share amounting to $1.2 billion for 2023.
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INSURANCE WILL COVER DAMAGE
UAE banks told to defer loan repayment for rain-hit
The Central Bank of UAE has issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and car loans for customers affected by the recent rains and flooding for a period of six months.
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ROAD AND RAILWAY BOOST
UAE, Iraq, Türkiye, Qatar sign $17bn 'Development Road Project'
The United Arab Emirates, Iraq, Qatar and Türkiye, have signed an agreement for a strategic road project costing about $17 billion to bolster economic growth and promote regional and international cooperation.
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INSIGHT
Family businesses ‘prioritise expansion, technology’
Expanding into new sectors and markets ranked first on the list of priorities for Dubai’s next generation of family business members, with business development second and the adoption of new technologies following in third place.
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INSIGHT
Companies planning to modernise offices to woo top talent
Employers across the globe are planning to invest in the office design and technology to attract top talent with 81% of employers having already or planning to redesign workspaces in the next 24 months, according to a study by Cisco.
Top Trade News
 | Industry Sectors |
BATC unit lands Riyadh smart parking management contract
Saudi-based BATC Investment and Logistics has signed a deal with Arabian Internet and Communications Services for the operation and maintenance of smart public parking spaces in Riyadh. In the first phase, the project targets 164,000 public parking lots.
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Walmart chooses Swisslog ASRS powered by SynQ software
Swisslog has announced that Walmart will install a Swisslog automation solution within its Robinson, TX, facility to enable seamless material flow and increase uptime.
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Abu Dhabi summit sets out roadmap to future fuels economy
Leading industry leaders from across the globe along with senior ministers and policymakers discussed ways to advance development of green hydrogen economy at a key summit held in Abu Dhabi, thus outlining the roadmap to future fuels economy.
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UAE banks told to defer loan repayment for rain-hit
The Central Bank of UAE has issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and car loans for customers affected by the recent rains and flooding for a period of six months.
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Both humans and tech must evolve as the AI era unfolds
As AI becomes more and more sophisticated, it is imperative that it is figured out how to harness the power of its innovations without opening up to dangerous risks.
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Almarai posts solid growth in Q1; revenue soars to $1.43bn
Leading Saudi food conglomerate Almarai has registered solid growth in its net profits in Q1 which surged 9% to SAR692 million ($184.3 million), while its revenues soared to hit SAR5.4 billion ($1.43 billion), posting a 8% growth.
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Ethiopian Airlines launches new service to Warsaw, Poland
Ethiopian Airlines, Africa's largest network operating carrier, is excited to announce the launch of new four times weekly passenger services to Warsaw, Poland via Athens. The inaugural flight is scheduled to begin on June 16, 2024.
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PIF, stc Group to form region’s largest telecom tower firm
Saudi Arabia’s Public Investment Fund (PIF) and Saudi Telecommunications Company (stc Group) have signed definitive agreements whereby PIF will acquire a 51% stake in Telecommunication Towers Company Limited (Tawal) from stc Group.
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Saudi International Luxury Week from April 27
Saudi International Luxury Week, the kingdom’s premier watch and jewellery event, will return later this month.
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OMODA & JAECOO to take centre stage at Beijing Auto Show
OMODA & JAECOO, the innovative automobile brands dedicated to pioneering the future of travel, have announced their participation at the 2024 Beijing International Automotive Exhibition, set to commence on April 25.
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Saudi doctors sweep awards at Geneva Inventions Expo 2024
A team of doctors from Makkah have made history at the prestigious Geneva International Exhibition of Inventions 2024 winning gold, silver and bronze medals for all five inventions they presented.
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Adnec, Terrax launch new recycled flooring system for events industry
Adnec Group has partnered with UAE-based Terrax Environmental to develop a 100% recycled modular flooring system that supports sustainability in the events industry. The new TerraTile represents a breakthrough in event sustainability.
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2nd Industrialists Career Exhibition opens, 800 jobs up for grabs
The second edition of the Industrialists Career Exhibition has opened aiming to provide 800 jobs from more than 80 industrial, technological and service companies, including 150 jobs for people of determination.
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GCC Commercial Arbitration Centre unveils frontline protocols
The GCC Commercial Arbitration Centre has introduced cutting-edge protocols for registering arbitrators and experts, Dr Kamal Al Hamad, Secretary General of the Centre has said.
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