Nissan cuts 11,000 more jobs and shuts seven plants as global restructuring deepens amid sales decline and failed merger....
Tag : Business
ADNOC announces gas discovery offshore of Abu Dhabi
The Abu Dhabi National Oil Company (ADNOC) announced today the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2...
Aldar Properties acquires Al Hamra Mall for AED410 million
Aldar Properties PJSC (Aldar), through its Aldar Investment business, has made its first investment in Ras Al Khaimah, acquiring the 27,000 sqm Al Hamra Mall developed by Al Hamra, a Ras Al Khaimah based real...
UAE to introduce federal corporate tax on business profits from June 2023
The Ministry of Finance has announced that the UAE will introduce a federal corporate tax on business profits that will be effective for financial years starting on or after 1st June 2023. Businesses will become...
Arada enters Dubai property market with AED240 million deal
Arada, a Sharjah-based development company, has purchased the last remaining beachfront land plot on the Crescent of the world-famous, award-winning Palm Jumeirah, marking the fast-growing developer’s first project outside Sharjah and its entry into the...
ADNEC gears up to host World Future Energy Summit 2022
The Abu Dhabi National Exhibitions Company (ADNEC) has finalized its preparations to host the World Future Energy Summit 2022 (WFES) and its co-located events including WFES Energy, WFES Water, WFES Solar, ecoWASTE Exhibition and Forum,...
Export drive to boost Indian honey in the UAE and Saudi Arabia launched
India’s Agricultural and Processed Food Products Export Development Authority (APEDA) is mounting a drive to promote its honey exports to the UAE and Saudi Arabia. The drive is part of efforts to diversify export markets...
Masdar GEDP sign deal to develop largest solar power plant in Georgia
Masdar, one of the world’s leading renewable energy companies, has signed an agreement with the Georgian Energy Development Fund (GEDF) to develop a solar photovoltaic (PV) power project in the country, with a capacity of...
UAE to participate in Gujarat investor summit as Partner Country
The UAE will participate in the Vibrant Gujarat Global Summit 2022 as a “Partner Country,” the organisers of the Summit have announced. This will be the third time that the UAE will be participating in...
ADNOC, TAQA announce $3.6 billion project to decarbonise operations
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company (TAQA) announced a $3.6 billion (AED13.22 billion) strategic project to significantly decarbonise ADNOC’s offshore production operations, further strengthening their position in driving and...