A serious incident occurred at New Delhi’s Indira Gandhi International Airport today when an empty ground service bus caught fire near a parked aircraft at Terminal 3. Fortunately, the situation was contained quickly, preventing what could have been a catastrophic event. Incident Overview The bus, operated by AI SATS Airport Services Private Limited, was stationed…
The UAE has taken a significant step towards sustainable development with the launch of its first Green Innovation District at Expo City Dubai. This initiative aims to integrate the nation’s economic and environmental objectives, fostering a framework for sustainable growth and innovation. A Hub for Clean Technology The Green Innovation District is a collaborative effort…
The UAE has solidified its position as a major player in African investments, ranking fourth globally in total investment volume. With over $110 billion invested between 2019 and 2023, the UAE is focusing on sustainable sectors, particularly renewable energy, which accounts for a significant portion of this investment. Investment Highlights Abdulla bin Touq Al Marri,…
The Philippine peso has recently experienced significant depreciation, reaching an intraday low of ₱59.20 against the US dollar. This decline has raised concerns about the country’s economic outlook, particularly in light of ongoing issues related to infrastructure spending and market volatility. Current Economic Context The peso’s drop to ₱59.20 marks a new all-time low, reflecting…
Emirates Stallions Group has showcased impressive financial performance for the first nine months of 2025, reflecting its strategic focus on diversification and innovation. The company achieved a 19% increase in revenue, reaching Dh1.07 billion, alongside a notable rise in operating profit. Financial Highlights The Group’s operating profit before tax surged by 38% to Dh208.8 million,…
Ghitha Holding has announced a notable increase in its revenue for the first nine months of 2025, reflecting strong operational performance and strategic initiatives. The company’s financial results highlight a robust growth trajectory, driven by acquisitions and enhanced operational efficiencies. Financial Performance Overview For the first three quarters of 2025, Ghitha Holding’s revenue rose by…
In the first nine months of 2025, NMDC Energy has demonstrated impressive financial performance, achieving a notable increase in revenue and net profit. The company’s strategic focus on expanding its operations internationally and executing a solid backlog has contributed to its growth. Financial Highlights NMDC Energy reported a 33% year-on-year increase in revenue, reaching Dh13…
ADNOC Drilling has announced impressive financial results for the first nine months of 2025, showcasing a robust increase in revenue and profits. The company also introduced a comprehensive dividend plan aimed at rewarding shareholders through 2030. Financial Performance Overview In the first three quarters of 2025, ADNOC Drilling achieved a 27% increase in revenue, reaching…
Gold prices in Dubai have continued to decline, remaining below the Dh500 mark. As of Tuesday morning, the price for 24-karat gold was recorded at Dh481.25 per gram, while 22-karat gold was priced at Dh445.50 per gram. This downward trend reflects broader market dynamics and investor sentiment. Global Market Influences The recent drop in gold…
PT Aneka Tambang (Antam) has reported a remarkable increase in its net income for the first nine months of the year, more than doubling its earnings compared to the previous period. This surge is largely attributed to a 20% rise in gold sales, which reached 1.1 million troy ounces. The company’s performance reflects broader trends…