Author: Suhail Hasan

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…

Saudi Arabia which been a key exporter of crude oil is now aiming to be a major producer and exporter of natural gas by the year 2030. Of course, Saudi Arabia can be considered the ninth largest global gas producer, supplying mostly domestic needs, although in the framework of specific ‘Vision 2030’ there are plans to increase commodity production and export. Saudi Aramco for Hydrocarbon is one of the largest firms in the country, which unveiled over $25 billion strategy to enhance the firm’s gas segment. Such plans include huge capital expenditure of 3,340 Million USD for increasing the capacity…

As people start to season their travels around the globe important need for fast visa processing services increases. Currently, VFS Global’s CEO Zubin Karkaria heads this challenge, where the aim is to make an application for a visa as easy as possible for millions of people across the globe. VFS Global is an international company that was established in 2001, and currently it cooperates with 68 governments for more than 150 countries that provides services for millions of people applying for visas every year. The vision of Karkaria to build VFS Global was probably conceived when the world saw a…

United Arab Emirates presented a coordinated statement of 69 nations during the 56th session of HRC in Geneva in which they discussed how climate change affects human rights. Khalifa Almazrouei, Counsellor at the UAE mission in Geneva spoke of the current status and impact of climate change saying that it was universal and cuts across the existing economic structures. In his speech, Almazrouei stressed the importance put on human rights in the fight against climate change effects that deeply affect people with lower living standards. Many of these groups are living in conditions such as poverty, poor housing and shelter,…

His Majesty Sultan Haitham Bin Tarik has congratulated the new Prime Minister of the United Kingdom, Keir Starmer through a cable. Official opposition, the Labour party, leader Keir Starmer promised a ‘national renewal, after his party made a decisive win in the UK’s general election.

Kuwait has successfully taken the final two Caracal helicopters, and thus fulfilled the delivery of 30 aircraft that was signed with Airbus Helicopters in August 2016. The Kuwait Armed Forces will be operating on the total of 24 of these new helicopters and the remaining six helicopters is for the Kuwait National Guard. This addition enriches Kuwait’s aviation repertoire that increases defence as well as national security outputs. About the Caracal helicopters, the Multi-Mission are developed for their flexibility and are equipped with innovative technology means, and their acquisition should improve Kuwait’s defense forces’ operational readiness.

Introducing the new project ‘The Dubai Car Market’, to be potentially rated as the largest and most progressive car market in the world said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. Therefore, the objective of this project is to support the enhancing of Dubai’s role as an important automobile trading hub. With aim and directives of H. H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and H. H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First deputy ruler of…