Every year on November 11, consumers around the world eagerly anticipate a shopping event that has transformed the retail landscape. Known as Singles’ Day, this day has evolved from a celebration of singlehood into a global shopping extravaganza, marked by significant discounts and exciting deals. The Origins and Growth of Singles’ Day Originally launched in…
Emirates has recently reported its highest-ever half-year profit, amounting to Dh10.6 billion after tax. This impressive financial performance marks the airline’s fourth consecutive year of record results and indicates a promising future for both travelers and residents in the UAE. Financial Strength Fuels Improvements The strong profitability of Emirates and dnata allows for significant investments…
In a significant development for the UAE’s petrochemical sector, TA’ZIZ has entered into two long-term agreements with India’s Sanmar Group. These agreements, revealed during the ADIPEC 2025 conference, underscore the strengthening industrial collaboration between the UAE and India, marking a pivotal moment for both nations. Details of the Agreements TA’ZIZ will supply over 350,000 tonnes…
The National Bank of Fujairah (NBF) is taking a significant step to support businesses in the UAE with the introduction of its first Business Banking campaign. This initiative aims to reward companies for their growth and ambition, reinforcing NBF’s long-standing commitment to the business community. A New Chapter for NBF For over 40 years, NBF…
APT Global, a marine and offshore engineering services provider based in Dubai, has recently made significant strides in its commitment to sustainability. The company has released its inaugural Environmental, Social, and Governance (ESG) Report and opened a new accommodation facility designed to prioritize the well-being of its workforce. These initiatives underscore APT Global’s dedication to…
Space42 has announced its financial results for the first nine months of 2025, revealing a revenue of $363 million. This figure represents a 15% decrease compared to the previous year, primarily due to the restructuring of its Smart Solutions division. Despite this decline, the company reported solid margins, driven by operational efficiencies and growth across…
International Holding Company (IHC) has showcased remarkable financial performance for the first nine months of 2025, driven by strategic acquisitions and a robust global expansion strategy. The company reported a revenue of Dh84.6 billion, reflecting a significant 32.3% increase compared to the same period last year, alongside a profit after tax of Dh19.5 billion, which…
The Emirates Group has reported exceptional financial results for the first half of the year, marking its fourth consecutive record-breaking performance. This achievement highlights the ongoing strength of the travel sector and Dubai’s position as a key global business and travel hub. Financial Highlights The group’s profit surged by 17% compared to the previous year,…
A cargo plane crash in Kentucky has resulted in a rising death toll, now confirmed at 12, as investigators work to understand the circumstances surrounding the incident. The aircraft, operated by UPS, experienced a catastrophic failure shortly after takeoff, leading to a devastating explosion that impacted both the crew and individuals on the ground. Incident…
Gold prices in the UAE have shown stability recently, with 24-karat gold priced at Dh479.25 per gram and 22-karat gold at Dh443.75, remaining unchanged from the previous day. This steadiness follows a week characterized by fluctuating prices, driven by a mix of profit-taking and renewed buying interest. Recent Price Movements At the beginning of November,…