Business & Money | Wednesday 15 May, 2024 9:24 am

TAQA Group Reports AED 2.1 billion Net Income for Q1 2024

 Abu Dhabi National Energy Company PJSC (TAQA or the Company), one of the largest listed integrated utilities in Europe, the Middle East and Africa, reported its earnings for the period ending 31 March 2024. TAQA delivered a robust financial performance, bolstered by the recognition of...

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Business & Money | Wednesday 15 May, 2024 8:57 am

Dubai's Off-Plan Investment: Top 5 Picks for Saudi Investors

Investors from across the globe are still drawn to Dubai's real estate sector. The city's burgeoning off-plan property industry accounts for a large percentage of this appeal. Developments that are still in the planning stages are referred to as off-plan homes because they provide investors the...

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Business & Money | Wednesday 15 May, 2024 8:48 am

The Luxe Developers launch the most expensive residences in Ras Al Khaimah valued at over AED180 million

The Luxe Developers, a UAE-based real estate development firm, has officially launched The Celeste and The Stellar, two ultra-luxury residences that form an integral part of the company’s Oceano development, located on Al Marjan Island. The properties, valued at over AED 90 million each, address...

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Business & Money | Wednesday 15 May, 2024 7:04 am

Sharjah Chamber concludes trade mission to India holding 365 bilateral business meetings

The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Exports Development Centre (SEDC), has successfully concluded its trade mission to India by arranging 365 bilateral business meetings.These meetings brought together representatives of companies participating in the...

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Business & Money | Tuesday 14 May, 2024 9:39 am

Alula FM becomes first radio station to be featured on Saudia’s inflight entertainment system.

The Royal Commission for AlUla (RCU) has implemented a partnership with Saudia, the national flag carrier of Saudi Arabia, to display digital content from AlUla FM as part of the airline’s inflight entertainment system, Beyond. Signed by Abdulrahman Altrairi, Chief Communications and PR...

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Business & Money | Tuesday 14 May, 2024 9:15 am

ADCB ranks first in banking, second across UAE's economic sectors

Abu Dhabi Commercial Bank (ADCB) ranked as the top financial institution for customer experience excellence and the second across all sectors in the latest annual survey conducted by KPMG Lower Gulf. According to the KPMG’s annual Customer Experience Excellence (CEE) report: ADCB's rise in...

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Business & Money | Tuesday 14 May, 2024 8:34 am

Alrajhi bank announces the success of the first sustainable AT1 capital sukuk issuance

Alrajhi bank succeeded in offering the first sustainable additional capital (AT1) sukuk denominated in US dollars, with a size of $1 billion and a profit rate of 6.375% annually. The sukuk are the first AT1 issuance from alrajhi bank in the global debt markets In US dollars (as part of an...

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Business & Money | Tuesday 14 May, 2024 7:58 am

Tawuniya board OKs repurchase of 147,400 shares for employee incentive plan

The Company for Cooperative Insurance's (Tawuniya) board of directors approved the repurchase of a maximum of 147,435 of the company’s shares, to be allocated for the employee long-term stock incentive plan, according to a statement to Tadawul today, May 12. The buyback will...

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Business & Money | Tuesday 14 May, 2024 7:55 am

“Taiba Investments” Inks 4 Strategic Agreements Aiming to Enhance Customer Experience and Operational Excellence at the Arabian Travel Market 2024

Standing out at the recently-held Arabian Travel Market 2024 in Dubai from 6 to 9 May, Taiba Investments, the leading Saudi hospitality company boasting a proven track record in managing, developing, and operating hotels and residential compounds across the Kingdom, announced the signing of a...

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Business & Money | Tuesday 14 May, 2024 7:34 am

Emirates Group records full-year profit of AED18.7 billion

The Emirates Group today released its 2023-24 Annual Report, hitting new record profit, revenue, and cash balance levels. Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the Group expanded its operations around the world to meet strong customer demand for its...

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