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DUBAI NEWS

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Dubai Investments Records AED657.6 Million Pofit In 2019
The total full-year net profit recorded by the Dubai Investments, which is listed on the Dubai Financial Market, amounted to AED657.6 million in 2019, compared to AED651.4 million in 2018.

A Baby Boy Wins US$1 Million In Dubai Duty Free Promotion
A one-year old baby boy, Mohamed Salah, has joined the long list of Dubai Duty Free Millennium Millionaires while three others will be driving away a luxury vehicle when their tickets were drawn in the Finest Surprise Promotions draw held this morning at Concourse D of Dubai International Airport.

Dubai Duty Free Extend Dubai Duty Free Irish Derby Sponsorship Dubai Duty Free Irish Derby Festival, Friday 26 - Sunday 28 June
Dubai Duty Free announced that it has extended its sponsorship of the Dubai Duty Free Irish Derby for a further two years. In addition, the world’s leading airport retailer has agreed to sponsor five additional races which will all benefit from significant increases in prize money.

UAE Nation Brand Shown On New York’s Nasdaq Tower, Celebrated By Bell Ringing Ceremony At Nasdaq Dubai.
A space of great prominence, Nasdaq’s electronic LED video screen stands at 4 Times Square - a location that more than 380,000 people pass through every day, and which attracts more than 50 million visitors a year.

DAE Signs New US$300 Million 5-Year Dual Tranche Unsecured Term Financing Facility With Emirates Islamic
Dubai Aerospace Enterprise (DAE) Ltd. announced today that it has signed a US$300 million 5-year dual tranche unsecured term financing facility with Emirates Islamic and Emirates NBD Capital, the investment banking arm of Emirates NBD.

Emirates NBD Felicitated 26 Staff Members For Completing 25 Years Of Service
Emirates NBD, a leading bank in the region felicitated 26 staff members for completing 25 years of continuous service during a ceremony held at the Emirates NBD headquarters.

Mashreq Posts AED 2.1 Bn Net Profit For YE 2019
Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the year ending 31st December 2019.

CAP Brings Laboratory Expertise To Dubai Conference
More than 19,000 laboratory professionals and 600 exhibiting companies are expected at the Dubai International Convention and Exhibition Center, February 3-8, 2020.

Dubai Culture And Uber Sign An Agreement To Partner On Highlighting Cultural Gems
Government of Dubai Media Office: Dubai Culture & Arts Authority (Dubai Culture) signed a memorandum of understanding (MoU) with Uber, as part of its efforts to highlight hidden cultural gems in the city and showcase Dubai as a thriving cultural capital.

Abu Dhabi Hackathon Launches Today In Khalifa University With More Than 323 Contestants
The Abu Dhabi Hackathon kicked off today in the capital with the participation of more than 323 contestants, employees, business owners and entrepreneurs comprising 59 teams in the first phase of the 2020 UAE Hackathon (Data for Happiness and Quality of Life).

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