Investment Corporation of Dubai Achieves Unprecedented Revenues, Net Profit, Assets, and Equity in 2022
ICD announced today its consolidated financial results for the year ended 31 December 2022 having generated record Revenues of AED 267.4 Billion and a record Net Profit of AED 36.1 Billion. All business segments contributed to this remarkable achievement.
SIXTH EDITION OF VICE PRESIDENT’S JIU-JITSU CUP TO BEGIN SATURDAY AT SHABAB AL AHLI DUBAI CLUB
The sixth edition of the Vice President’s Jiu-Jitsu Cup is set to kick off next Saturday at the Shabab Al Ahli Club in Dubai, promising a weekend filled with high-intensity matches between athletes representing various clubs and academies from across the
Emirati Artists Showcase Balance Between Heritage and Modernity in The Project Space’s Final Exhibition for the Season
The NYU Abu Dhabi (NYUAD) Art Gallery’s auxiliary venue, The Project Space, will open its final exhibition for the season, Symbiotic: Hyperreal, by Emirati artists and brothers Talal Al Najjar and Ziad Al Najjar, tomorrow, June 1, at 5:30pm. The exhibitio
This is the cheapest week to travel out of the UAE this summer
Travelling on these dates could save around Dhs760 for a family of four... Wondering how you can save on dirhams while still squeezing in a holiday to
UAE announces fuel prices for June 2023
Good news if you're headed to the pump... If you drive a vehicle, take note that the fuel prices in the UAE have decreased for the month of June. From
Game On! Emirates Group and AWS team up to craft an immersive digital world
The Emirates Group is embarking on a futuristic, immersive digital journey to transform its employee experiences – a first for the industry – by collaborating with Amazon Web Services (AWS).Both organisations have signed an agreement to develop an immersi
Dubai fourth most active market for luxury homes
Arabian Post Staff Global HNWI have US$ 2.5 billion to spend on Dubai real estate this year, compared to US$ 3.8 billion spent on homes priced at over US$ 10 million in the emirate last year, according to property consultancy, Knight Frank. Knight Frank’s...
Ministry of Finance Issues New Corporate Tax Decisions on Intra-Group Transfers, Determination of Taxable Income and Restructuring Relief
The UAE Ministry of Finance has issued three new Ministerial Decisions for the purposes of Federal Decree-Law No 47 of 2022 on the Taxation of Corporations and Businesses. These include Ministerial Decision No 132 of 2023 on Transfers within a Qualifying
Tabby closes new financing, upsizes warehouse debt facility to $350m
Tabby, the MENA’s leading shopping and financial services app, has successfully closed a new financing round resulting in upsizing its debt facility to $350 million, over a 2X increase since its last debt raising announcement. The round involved the parti
Global Wealthy Poised To Spend US$$ 2.5 Billion On Dubai Property
According to global property consultancy, Knight Frank, global HNWI have US$ 2.5 billion to spend on Dubai real estate this year. Last year, US$ 3.8 billion was
Daycay goals: Summersalt Beach Club launches ladies day pass
The deal of the season. This popular beachside destination is offering an exciting ladies-only summer pass deal.
Yechury appeals to Cong to supports AAP on ordinance
CPI(M) general secretary Sitaram Yechury on Tuesday condemned the Centre’s ordinance on control of administrative services in Delhi and extended his party’s support to the AAP in opposing it in Parliament when a bill will be brought to replace it. He also...
Gehlot, Pilot patch-up success increasingly in doubt
The demeanour of Ashok Gehlot and Sachin Pilot at the impromptu press briefing by Congress general secretary KC Venugopal, announcing that they would work together for the upcoming Rajasthan Assembly election and win it suggested that the problem between...
International energy organisations, officials offer full support to UAE COP28 Presidency
International energy organisations and officials have affirmed their unwavering support to the UAE’s inclusive approach to this year’s COP 28 and to its President-Designate, Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology.“The UAE
Artificial intelligence raises risk of extinction, experts say in new warning
Scientists and tech industry leaders, including high-level executives at Microsoft and Google, issued a new warning Tuesday about the perils that artificial intelligence poses to humankind.“Mitigating the risk of extinction from AI should be a global prio