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Day: May 13, 2025

Sixth Moroccan Poets Festival Concludes with Cultural Enthusiasm

May 13, 2025 by emadmin

Tetouan: The Moroccan Poets Festival concluded its sixth edition after three days of celebrating the written word and fostering a deeper appreciation for poetry and culture within the Arab world.

According to Emirates News Agency, the closing ceremon…

Categories Business, Trading

Agthia Reports AED 1.3 Billion in Q1 Net Revenue Amid Economic Challenges

May 13, 2025 by emadmin

Abu Dhabi: Agthia Group PJSC today announced its financial results for the three-month period ending 31 March 2025. The Group reported AED 1.3 billion in revenue for Q1 2025, reflecting a year-on-year decline of 11.4%. This downturn was attributed to …

Categories Business, Trading

DoE Issues New Regulations for Gas Works in Abu Dhabi Buildings

May 13, 2025 by emadmin

Abu Dhabi: The Abu Dhabi Department of Energy (DoE) has introduced Decision No. 14, establishing new regulations for overseeing gas operations in buildings throughout Abu Dhabi, including those in free zones. The regulations aim to enhance technical s…

Categories Business, Trading

Maktoum Bin Mohammed and Luxembourg’s Finance Minister Discuss Bilateral Financial Cooperation

May 13, 2025 by emadmin

Dubai: H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today met with Gilles Roth, Minister of Finance of Luxembourg, at the offices of the Investment Corporation of D…

Categories Business, Trading

Dubai Residential REIT’s IPO Launches with Defined Price Range and Subscription Period

May 13, 2025 by emadmin

Dubai: Dubai Holding, through its wholly owned subsidiary DHAM REIT Management LLC, today announced the offer price range per unit and the start of the subscription period for the initial public offering (IPO) of Dubai Residential REIT. This Shariah-c…

Categories Business, Trading

DEWA and Korean Delegation Discuss Sustainable Energy Collaboration

May 13, 2025 by emadmin

Dubai: Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), welcomed a delegation from the Republic of Korea, headed by Prof Won-Soo Kim, Rector of the Global Academy for Future Civilisation at Kyung Hee University, and…

Categories Business, Trading

Salik’s Revenue Surges to AED751.6 Million in Q1 2025 Driven by New Toll Gates and Variable Pricing

May 13, 2025 by emadmin

Dubai: Salik Company, the exclusive toll gate operator in Dubai, announced its financial results for the first quarter of 2025, reporting a significant growth in revenue. Total revenue for the period reached AED751.6 million, marking a 33.7 percent in…

Categories Business, Trading

Aldar Sells Mamsha Gardens Building to GAW Capital for AED586 Million

May 13, 2025 by emadmin

Abu Dhabi: Aldar Properties has successfully completed the sale of a residential building at Mamsha Gardens to Hong Kong-based real estate private equity firm GAW Capital Partners, marking a significant transaction valued at AED586 million. This marks…

Categories Business, Trading
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