Strong third-quarter bolsters Dubai Investments’ nine-month 2020 profits of Dh391.63m

in Business, Industry News, News

The operator of Dubai Investment Park saw rental income hold fairly steady despite a tough operating environment. Image Credit: Gulf News Archive Dubai: Dubai Investments recorded a solid Dh204.88 million in profit for the third quarter, which ensured the nine-month 2020 profit did not slip much behind last year’s total. In the first nine months […]

Peace accord to spur tourism, tech sectors

in News, Industry News

The normalisation of relations by the UAE and Bahrain with Israel is likely to benefit economies of all three nations and contribute to broader geopolitical stability in the region, S&P said. The ratings agency expects the launch of direct commercial flights to Israel that would significantly increase cooperation in the areas of tourism, security, telecommunications, […]

DMCC extends huge support programme

in Business

The Dubai Multi Commodities Centre (DMCC) announced an extension to its Business Support Package until October 20. The programme, aimed at helping DMCC-based companies to better navigate the turmoil unleashed by Covid-19 epidemic, comprises a wide range of discounts and waivers to support the DMCC’s registered companies, the commodities trading hub said in a statement. […]

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