{
}
Tecom Group shareholders are set to receive a dividend of Dh400 million, equating to 8 fils per share. This distribution is scheduled for the second half of 2024, marking a significant return for investors.
Careem Pay has launched its remittance service to Egypt, allowing UAE residents to transfer money directly to Egyptian bank accounts at competitive rates. With a market size of around US$10 billion, Egypt is a key destination for remittances from the UAE, particularly among the large Egyptian expatriate community. The service promises near-instant transfers and rates that are significantly lower than traditional banks, especially for Careem Plus members, coinciding with the increased remittance activity during Ramadan.
ADIB has approved a dividend of Dh3.03 billion following a 26% rise in net profit before tax to Dh6.9 billion for 2024. Net profit after tax increased by 16% to Dh6.1 billion, while total assets grew to Dh226 billion, driven by a 22% rise in customer financing.
Metal Park, in partnership with KEZAD Group, has launched a Dh110 million Storage Hub in Abu Dhabi's KEZAD Free Zone, covering 93,000 square meters. The facility features 26 overhead cranes, 55 loading bays, and can handle 48,000 metric tonnes daily, enhancing the metal industry's infrastructure. Strategically located, it offers direct access to Khalifa Port and connectivity to major transport networks, supporting businesses in adapting to market demands.
Emirati women are increasingly influential in the UAE's small business sector, with 24% serving as primary income earners. A GoDaddy survey reveals that 66% of these entrepreneurs are confident in their business skills, and 71% believe AI will enhance their competitiveness. By using AI tools, they save an average of 14 hours weekly, which they invest in skill development and future planning, contributing to anticipated business growth and improved quality of life.
Comera Financial Holdings, a subsidiary of Abu Dhabi's Royal Group, is transforming digital communication and fintech in the MENA and South Asia regions. The platform focuses on secure, localized solutions that integrate messaging, payments, and e-commerce, aiming to enhance user experience through AI-driven features and compliance with regional regulations. With plans to expand into Southeast Asia and Africa, Comera seeks to become a leading digital hub, promoting financial inclusion and seamless interactions.
S&P Global Ratings projects the UAE insurance sector to grow by 10%-20% in 2025, following a 20% increase in 2024, driven by digitisation and economic expansion. The GCC health insurance market is expected to rise from $18.4 billion in 2024 to $29.2 billion by 2033, supported by government initiatives and healthcare development. Despite global uncertainties, the UAE's insurance sector shows resilience, playing a vital role in the nation's economic diversification.
The UAE Federal Tax Authority has set a deadline of March 31, 2025, for corporate tax registration for individuals with annual turnovers exceeding Dh1 million. A penalty of Dh10,000 will apply for non-compliance. Those whose revenues exceeded Dh1 million by July 31, 2024, must also submit corporate tax returns by September 30, 2025. Existing VAT or Excise Tax registrants can register via the EmaraTax platform, while new users need to create an account. The FTA urges individuals to understand the corporate tax legislation to ensure compliance.
Dubai has retained its title as the leading global destination for Greenfield foreign direct investment (FDI) for the fourth consecutive year, attracting AED 52.3 billion ($14.24 billion) in 2024, a 33.2% increase from the previous year. The emirate recorded a historic 1,117 Greenfield FDI projects, generating approximately 58,680 jobs, a 31% rise from 2023. Key sectors driving this growth include business services, IT, real estate, and financial services, aligning with the Dubai Economic Agenda D33's goal to double the economy by 2033.
Dubai has been ranked the world's top destination for Greenfield Foreign Direct Investment (FDI) projects for the fourth consecutive year, attracting 1,117 projects worth over Dh52 billion in 2024, a 33% increase from 2023. Additionally, 1,826 FDI projects were announced, marking an 11% rise from the previous year, according to Sheikh Hamdan.
United Arab Emirates Dirham
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Tecom Group to distribute Dh400 million dividend to shareholders in 2024
05:56 11.03.2025
careem pay launches remittance service to egypt for uae residents
United Arab Emirates Dirham
United States Dollar
Pakistani Rupee
British Pound Sterling
Indian Rupee
ARE
GBR
EGY
PAK
PHL
IND
Mohammad-Taqi Bahar
Show more
03:54 11.03.2025
adib reports strong profit growth and approves substantial dividend payout
17:07 10.03.2025
metal park launches 110 million storage hub in abu dhabi free zone
12:28 10.03.2025
Emirati women entrepreneurs embrace AI to enhance business success and growth
11:07 10.03.2025
comera redefines digital connectivity with secure communication and fintech solutions
08:04 10.03.2025
UAE insurance sector poised for significant growth driven by digital transformation
06:54 10.03.2025
UAE sets March 2025 deadline for corporate tax registration compliance
06:27 10.03.2025
Dubai retains top position in global Greenfield FDI for fourth year
06:17 10.03.2025
Dubai leads global greenfield FDI projects for fourth consecutive year
18:35 09.03.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Industry Mergers & Acquisitions
Workplace Trends
Global Financial Events
Banking Regulations
Finance Mergers & Acquisitions
Retail and Consumer Goods
CEO Changes
Market Analysis and Predictions
Startups & Entrepreneurship
Government Policies
Central Bank Actions
Global Trade Developments
Domestic Politics
Private Equity Deals
Financial Scams and Security
Government Economic Policies
Supply Chain Management
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Barclays PLC
Credit Suisse Lux Digital Healt
Bank of America Corporation
UBS Group AG
Deutsche Bank Money Market PP
The Goldman Sachs Group, Inc.
BNP Paribas SA
Apple Inc.
Wells Fargo & Company
UniCredit S.p.A.
Commerzbank AG
Banco BPM S.p.A.
Banco Santander, S.A.
SpaceXCoin USD
Morgan Stanley
Amazon.com, Inc.
Danske Bank A/S
NVIDIA Corporation
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Indian Rupee
Japanese Yen
Hong Kong Dollar
Danish Krone
South Korean Won
Australian Dollar
Singapore Dollar
Offshore Chinese Yuan
Russian Ruble
Canadian Dollar
Mexican Peso
United Arab Emirates Dirham
Indonesian Rupiah
Turkish Lira
Chilean Peso
People: