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Business & Finance

United Arab Emirates commits $49bn to local manufacturers

By editor
May 8, 2026 UTC
in :  Business & Finance, News

UAE to localize 5,000+ products in push for industrial sovereignty – Minister of Industry and Advanced Technology and ADNOC Group CEO Dr. Sultan Al Jaber ABU DHABI: The United Arab Emirates (UAE) pledged $49 billion in industrial procurement opportunities on Monday and announced plans to localize more than 5,000 products as the Gulf state doubled down on its industrial sovereignty …

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Emirates Drug Establishment concludes participation in “Make it in the Emirates 2026”

By editor
May 8, 2026 UTC
in :  Business & Finance, News

By Muhammad Rafiq ABU DHABI: The Emirates Drug Establishment (EDE) has concluded four days of successful participation in “Make it in the Emirates 2026,” held at the Abu Dhabi National Exhibition Centre (ADNEC) from 4 to 7 May. The Establishment’s presence yielded tangible outcomes, including strategic partnerships, industrial empowerment programmes, and initiatives supporting innovation and quality, thereby enhancing the sustainability …

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UAE Ambassador Attends Launch of GB Rehabilitation & Resilience Programme

By editor
May 8, 2026 UTC
in :  Business & Finance, News

By Rafiq Vayani ISLAMABAD: Aga Khan Foundation Pakistan, in partnership with Bank Alfalah, one of the leading commercial banks in Pakistan, has launched a rehabilitation programme to restore critical infrastructure and strengthen resilience in flood-affected communities across Gilgit-Baltistan. The initiative will be implemented in collaboration with Aga Khan Agency for Habitat, Focus Humanitarian Assistance, and Aga Khan Rural Support Programme. …

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Abu Dhabi Airports Showcases Trade, Logistics and Free Zone Capabilities at Make it in the Emirates 2026

By editor
May 8, 2026 UTC
in :  Business & Finance, News, Travel

News Desk ABU DHABI: Abu Dhabi Airports’ commercial free zone arm, Abu Dhabi Airports Free Zone (ADAFZ), has signed landmark agreements with key players in Abu Dhabi’s business ecosystem, Abu Dhabi Food Hub and Wio, the UAE’s leading digital bank, during its participation at Make it in the Emirates (MIITE) 2026. The agreements further reinforce the emirate’s position as a …

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Emirates unveils a striking new UAE flag livery on its A380

By editor
May 8, 2026 UTC
in :  Business & Finance, News, Travel

By Rafiq Vayani DUBAI: Emirates today unveiled a striking livery of a large UAE flag emblazoned across the fuselage of its iconic Airbus A380 aircraft, the world’s largest commercial passenger aircraft. The new livery on A6-EVG, is an extension of the airline’s iconic tail design, and a powerful tribute to the spirit, ambition and unity of the UAE. This initiative …

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Emirates Environmental Group Successfully Concludes the 26th Cycle of the Inter-School Environmental Public Speaking Competition

By editor
May 8, 2026 UTC
in :  Business & Finance, News

A Resilient and Record-Breaking Edition Empowering Youth Voices Across the UAE News Desk DUBAI: The Emirates Environmental Group (EEG) proudly concluded the 26th Cycle of its flagship national education programme, the Inter-School Environmental Public Speaking Competition (ISEPSC), held from 4th to 7th May 2026. In alignment with the guidelines issued by the Ministry of Education, this year’s competition was successfully …

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Chery Master Pakistan Signals New Product Expansion in Pakistan Following Strong Presence at Auto China 2026

By editor
May 7, 2026 UTC
in :  Business & Finance, News

Web Desk KARACHI: Chery Master Pakistan is evaluating to launch two to three future models for the local market, including the Tiggo 4 HEV, QQ BEV, and Tiggo V, products that reflect Chery’s broader focus on hybrid, electric and multi-purpose mobility solutions. Chery Master Pakistan, introduced locally by Master Auto Engineering, part of the Master Group with over 60 years …

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Malaysia Festival Kuala Lumpur 2026, Signature Events and Mega Sale Season for GCC Travellers

By editor
May 7, 2026 UTC
in :  Business & Finance, News, Travel

By Rafiq Vayani DUBAI: Malaysia is set to roll out a vibrant line‑up of festivals, major events and retail experiences across the country starting from the first week of May, positioning the destination as an attractive choice for GCC travellers planning holidays around the Eid al‑Adha period. A major highlight is Festival Kuala Lumpur 2026, celebrated nationwide from 06 May to 31 …

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Emirates Group achieves record profit of AED 24.4 bn (US$ 6.6 bn) in 2025-26

By editor
May 7, 2026 UTC
in :  Business & Finance, News, Travel

DUBAI: The Emirates Group today released its 2025-26 Annual Report, achieving new record profit, revenue, and cash balance levels, despite a disruptive and challenging 12th month in its financial year. Emirates is the world’s most profitable airline in the 2025-26 reporting period. For the financial year ended 31 March 2026, the Emirates Group reported: record profit before tax (PBT) of AED 24.4 billion (US$ 6.6 billion), up …

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Dubai Islamic Bank Successfully Closes USD Financing for Acquisition of Attock Cement Pakistan Limited

By editor
May 7, 2026 UTC
in :  Business & Finance, News

Web Desk KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) is pleased to announce the successful closure of USD 76M financing in relation to the acquisition of a majority stake of 84.06% in Attock Cement Pakistan Limited by a consortium comprising Fauji Cement Company Limited and Kot Addu Power Company Limited. The transaction represents a significant development in Pakistan’s mergers and …

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SAMANA Developers Reinforces Commitment to Uninterrupted Project Deliveries and Construction Milestones in 2026

editor
April 6, 2026 UTC

SAMANA Developers on Track for 6 Project Deliveries in 2026 and 11 in 2027 …

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