Tag : Business

DP World has begun operation of the Multipurpose Terminal (MPT) at the Port of Luanda. The MPT was handed over to DP World Luanda by Porto de Luanda, following the 20-year concession agreement signed in January by António Bengue, Chairman of Porto de Luanda and Sultan Ahmed bin Sulayem, Group......

Emirates Steel has announced its plans to add Hot Rolled Coils (HRC) to its wide-range products portfolio so that it can mainly meet the needs of the local and regional markets of the high-quality flat products. Emirates Steel is currently conducting a comprehensive evaluation for the project to construct the......

Abu Dhabi Commercial Bank PJSC (ADCB) has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance PJSC (ADF). The transaction provides further growth for ADCB’s retail and SME businesses in line with the Bank’s UAE-centric strategy and prudent risk management framework. ADF was established......

Etisalat Group announced on Tuesday, 23 February that its twelve month ending 31st December, 2020, consolidated revenues reached AED51.7 billion, while consolidated net profit after Federal Royalty amounted to AED9 billion, an increase of 3.8 percent compared to last year.The Group’s Board of Directors proposed dividend payout of 40 fils......

The United Arab Emirates is a long-time partner that has supported Japanese economy and society, and economic relations remain robust with US$22.4 billion bilateral trade in 2020, according to a top Japanese official. Source Emirates News Agency (WAM). “As one of the most significant crude oil suppliers to Japan, the......