Author: Suhail Hasan
Suhail Hasan
Suhail Hasan is a British businessman and entrepreneur who is the COO of Fame and guest author of Dubai News.
Kuwait’s Al-Zour Refinery, has reached its favorable position enjoying the status of eighth oil refinery out of the ten best oil refineries in the world. This ranking unveiled on the 18th of August, 2024, puts into relief the refinery’s production capacity of 615,000 bpd while the country’s share is 8. 54 percent to the total output of the world’s leading refineries, which in toto handle 7. Some 197 million barrels of crude oil per day. The refinery which started in 2022 ranks it among the youngest refineries globally, but it is the only refinery to make it from the Gulf…
Chinese companies maintaining that Dubai presents them with the most suitable opportunity for enhancing the globalization of operations, because of the competitive edge this place has and the right conditions for investment. CEOs of three major Chinese firms back Dubai for expansion across MEA and beyond as Dubai International Chamber continues its support. To enhance the economic cooperation and collaboration between Dubai and China, Dubai Chambers is planning to organise Dubai Business Forum- China on 21-22 August for the promotion of DIC’s diverse investment prospects. It will target multinationals, unicorns as well as the fast-growing startups from China and at…
Dubai Investment, one of the most prominent diversified investment companies with their counter on the Dubai Financial market, has declared a net profit after tax and with appropriate reference to the shareholders as AED 289. 24 million for the second quarter of the financial year ending on the 30/06/2024. This has risen by a decent proportion as compared to AED 266. 03 million profit in the same region in the same period of the last year. Annual/ estimated net profit of the Group for the six months to June 30,2024 is AED 409 . 20 million, decreased from AED 580.…
A crypto firm called Ripple has appointed the Dubai International Financial Centre (DIFC) for the improvement of the blockchain version in the UAE. Ripple, a global blockchain and crypto solutions provider company will partner with the DIFC Innovation Hub for its expansion in the Middle East, North Africa and South Asia region, which is one of Asia’s largest innovation hubs with over 1000 member companies, digital labs, VC firms, regulators and educational institutions. This will drive the growth of blockchain and digital assets thru the adoption of the upcoming generation of developers into the growth of the DIFC ecosystem. It…
Dubai to London is one of the most popular and greatly profiting flight connections that is used by a vast number of people every year. While the major carrier who operates on this route is Emirates, the round trip business class ticket is available from AED 20, 000, though the luxury traveling doesn’t have to be expensive always. Finding the Best Deals The normal business class Dubai to London airfares start from as low as $ 2,710 and can be as high as $ 5, 675 for round trip depending on the particular airline, dates of travel, the day of…
RTA, jointly with Majid Al Futtaim Group, has prepared AED 165 million contract to expand the approaches to MOTTY and enhance the streets and intersections around it. This initiative supports the directions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai aimed at the development of road networks for addressing the tasks set by the growth of urbanization and the population increase. It also brings in the good pleasure of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister…
The banks consolidated net profit has risen by a YoY rate of 14 percent to reach AED 4 billion in the first half of 2024. On an annualised basis, its total assets increased by 11% and net interest income was up 17% YoY. Also, non-interest income have been reported to increase significantly to reach AED 1. 9 billion; thus, it has demonstrated YoY growth of 26 percent. Its Net Profit Before Tax also increased by 24% YoY being at AED 4. 5 billion. Operating profit rose by 21 percent compared with the same period in 2023: from AED Million 3,700…
Dubai has proven its potential at the business event segment achieving 175 worldwide bids at the start of the second half of 2024. Compared to the year 2018, this year is expecting over 93 thousand delegates marked a 24% growth boosting the city’s business event pipeline up to 2028. Such accomplishments place Dubai on the map as a preferred venue for prestigious global conferences, congresses, and incentives in the given fields. It aligns with the Dubai Economic Agenda D33, which is to more than double the size of Dubai’s economy by 2033 to make it one of the most preferred…
Recently, Emirates has launched the first Travel Store for East Asia in specifically in Hong Kong. This new store is designed as the first phase of a retail plan that is to expand all over the Far East region and across the airline chain. The Travel Store was formally launched by Orhan Abbas, Emerates’ Senior Vice President, Commercial Operations – Far East. Indeed the ceremony that was done at the setting of Nexxus Building was presided by Shaikh Saoud Al Mualla UAE Consul General, Sultan Alriyami the Emirates Area Manager Hong Kong, media and trade personalities. The international launch of…
Many Virgin Mobile UAE consumers are annoyed by the presence of network downtime, and have gone to the social networks to vent. Some say they have been locked out of data services, or prevented from making or receiving calls or sending or receiving SMS. Also, some customers of Virgin Mobile can no longer access the application that was previously used. It has already received a plethora of comments on Virgin Mobile’s recent Instagram posts and thread on Reddit that has the question whether any other people are encountering these issues. Virgin Mobile’s customer support team has acknowledged the problem and…