The Dubai International Financial Centre (DIFC) announced the launch of the first Global Family Business and Private Wealth Centre (Centre) in the region and worldwide. DIFC is the first financial centre in the world to create a unique offering at a time when an estimated AED3.67 trillion ($1 trillion) in assets will be transferred to […]Read More
Dubai CommerCity, part of the Dubai Integrated Economic Zones Authority (DIEZ) and the region’s first and leading e-commerce free zone, signed a Memorandum of Understanding (MoU) with Dubai Culture and Arts Authority (Dubai Culture) to create a healthy ecosystem and further stimulate the growth of Dubai’s creative sector and enhance the emirate’s attractiveness as a […]Read More
Dubai Aerospace Enterprise (DAE) Ltd today has reported an increase of 186 percent in its profit for the first six months of this year, reaching US$140.1 million. According to the company’s financial results, cash flows from operating activities increased by 36 percent to $678.5 million. The company reported available liquidity of US$2.7 billion, saying that […]Read More
Abu Dhabi Airports Free Zone (ADAFZ), a wholly owned subsidiary of Abu Dhabi Airports, announced that Servomex, the global expert in gas analysis, officially launched its operations at the airport freezone. As a leading provider of reliable, accurate and stable gas measurement solutions to industries worldwide, Servomex will provide essential gas-related services to the local […]Read More
ADNOC Distribution, the UAE’s largest fuel and retail distributor, today announced that it has entered into an agreement with “TotalEnergies Marketing Afrique SAS” to acquire a 50 percent stake in TotalEnergies Marketing Egypt LLC (TotalEnergies Egypt) for about US$186 million, with an additional earn-out of up to US$17.3 million. The partnership with TotalEnergies, a leading […]Read More
A delegation from the Philippine Business Council, headed by Chairman, Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and Industry to cement cooperation between the Chamber and Filipino investors in Abu Dhabi. Welcomed by Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber, both sides discussed strengthening bilateral relations between Abu Dhabi […]Read More
The gross value of interbank fund transfers through UAE Fund Transfer System (UAEFTS) reached to AED3.96 trillion in the first four months of 2022, an increase of 26.2 percent over the corresponding period in 2021, according to statistics released by the Central Bank of the United Arab Emirates (CBUAE) today. Statistics noted that March was […]Read More
Dubai International Financial Centre (DIFC) today announced that Lord Abbett (Middle East) Limited, a leading asset manager, has received approval from the Dubai Financial Services Authority (DFSA) to operate its first and only Middle East office. The approval will enable the company to bring its investment and client-led proposition to the Middle East investment community. […]Read More
Over 4,800 employee volunteers participated in Dubai Chamber of Commerce’s recently concluded “Give & Gain 2022” initiative. Overall, volunteers dedicated 17,460 hours across projects benefitting more than 147,000 individuals, according to a statement on Friday. The month-long event is part of the Chamber’s ENGAGE Dubai corporate volunteering programme. A total of 68 organisations, 42 corporate […]Read More
Dragon Oil, an exploration and production platform totally owned by the Government of Dubai, has renewed the partnership contract in Turkmenistan with the state-owned company, Turkmen Oil, until May 2025, for a period of ten additional years with a total value of US$1 billion. US$500 million will be paid in cash, while the remaining US$500 […]Read More
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