United Arab Bank (UAB) has announced its financial results for the six months ended June 30, 2023, reporting a net profit of AED 120.5 million. This figure represents a significant increase of 45 percent compared to the net profit of AED 83.3 million achieved in the same period in 2022. The growth in net profit […]
The United Arab Emirates (UAE) is gearing up to exhibit its cutting-edge defense capabilities and strengthen strategic relations at the 16th edition of the International Defense Industry Fair (IDEF 23), scheduled to take place in Istanbul between 25th and 28th July 2023.
In a significant effort to address the pressing climate crisis and achieve a responsible, logical, and equitable transition in the global energy sector, the COP28 UAE Presidency and the International Energy Agency (IEA) have initiated a series of high-level dialogues leading up to COP28. These dialogues aim to foster consensus on 1.5°C-aligned energy transition pathways […]
Dubai, 20th July 2023 (WAM) – DMCC has taken a significant step towards advancing agricultural commodities trade with South Asia by partnering with CG Agrotech, a leading agricultural commodities business in Nepal. This strategic collaboration aims to bolster bilateral trade between the UAE and key markets across South Asia in the agri commodities sector. As […]
Humaid Mohammed bin Salem, the Secretary-General of the Federation of UAE Chambers of Commerce and Industry, made an exciting announcement today regarding the establishment of the “UAE-Japan Business Council.” This significant development took place during the official visit of Fumio Kishida, the Prime Minister of Japan, to the UAE. Bin Salem stated that a Memorandum […]
Herald Holdings (FZE), a renowned conglomerate of logistics and shipping companies, has entered into an investment agreement with the Sharjah Airport International Free Zone (SAIF Zone) to expand its operations and strengthen its foothold in the region.
In a recent development, the Project Finance Committee of the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) has granted financial approval for two innovative projects, totaling AED375,000.
Locals.org, the rapidly growing “real-life” social networking platform for entrepreneurs and aspiring individuals, has officially launched in the United Arab Emirates (UAE) after securing $11 million USD in seed funding. With over 200,000 entrepreneurs already on board, Locals.org offers a unique platform for connecting like-minded individuals based on shared interests, whether for business networking, sports, […]
Arada Achieves Record-Breaking Sales in First Half of 2023, Driven by Strong Buyer Demand
The United Arab Emirates (UAE) recognizes the significant role re-exports can play in accelerating its economic ambitions.
