SHARJAH: The Sharjah National Oil Corporation (SNOC) has successfully completed the second phase of its underground gas storage project at the Moveyeid field. Initiated in 2017, the project started with a pilot phase and expanded in January 2021, allowing for larger gas storage volumes. This latest phase positions SNOC to support Sharjah’s power sector with […]
Dubai: TECOM Group PJSC (DFM: TECOM), (the “Company” or the “Group”), the creator of specialised business districts and vibrant communities, announced its financial results for the nine months and the third quarter (Q3) of the year ending 30 September 2024. The Group reported a record nine-month result, with a 10% year-on-year (YoY) increase in revenue […]
ABU DHABI: The Federal Tax Authority (FTA) has urged Resident Juridical Persons with Licenses issued in October and November, irrespective of the year of issuance, to promptly submit their Corporate Tax registration application no later than November 30, 2024. In a press statement issued today, the FTA advised Taxable Persons to adhere to the timelines […]
ABU DHABI: The much-anticipated “Building Bridges for the Future UAE and China” event kicked off on Friday in grand style on Abu Dhabi’s Corniche, celebrating 40 years of UAE and China diplomatic relations. This unique cultural festival, running from 1st to 3rd November, brings together the rich traditions and shared future of these two nations. […]
The UAE’s economic growth is set to lead the Gulf Cooperation Council (GCC) by 2025, primarily driven by its non-oil sector, as projected by the International Monetary Fund (IMF). Speaking at a recent conference on the Middle East and Central Asia’s economic outlook, IMF representatives noted the UAE’s non-oil sector is expected to grow by […]
In May, Colm McLoughlin stepped down as DDF chief after 41 years. Colm McLoughlin, the former chief executive of Dubai Duty Free (DDF), passed away on Wednesday, October 30, at the age of 81. He is survived by his wife and their three children: daughters Tyna and Mandy, and son Niall. McLoughlin was well-known for […]
Kalra will now lead ZEE5’s operations across both India and international markets, with a mandate to drive the platform’s growth and profitability worldwide. Mumbai: ZEE5 Global, the world’s largest streaming platform for South Asian content, has announced the expansion of Manish Kalra’s role, extending his responsibilities to oversee ZEE5’s business across global markets. In his […]
Applications (subscriptions) for Lulu shares can be made until November 5th 2024. This is a golden opportunity to participate in the UAE’s largest IPO. Abu Dhabi: Public investors have until November 5 to acquire investment participation in Lulu, the retail face of the Gulf region for more than five decades. Is Lulu’s mega IPO in […]
Nvidia has officially dethroned Apple as the world’s most valuable company, thanks to a significant surge in its stock price driven by soaring demand for its specialized artificial intelligence (AI) chips. On Friday, Nvidia’s market value briefly hit $3.53 trillion, surpassing Apple’s $3.52 trillion, according to data from LSEG. By the end of the trading […]
ABU DHABI: Lulu Retail Holdings PLC announced the price range for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), beginning the subscription period on Monday, October 28. The company’s shares will be available for the UAE Retail Offering, Eligible Senior Executives, and Professional Investors, with the subscription closing on November 5, […]
Dubai: The Roads, Bridges, Tunnels MENA Conference today featured a stellar lineup of experts and key industry players from across the region. The two-day event brings together stakeholders from various sectors, discussing the rapid advancements in infrastructure projects driving economic growth and connectivity in the MENA region. The day began with welcome remarks from Jorge […]
