enterpriseam admin, Author at UAE

Dubai Aerospace Enterprise acquires 23 aircraft for USD 1.1 bn

by enterpriseam adminUAE EditionAugust 29, 2024

Dubai Aerospace to acquire 23 aircraft for USD 1.1 bn: Dubai Aerospace Enterprise (DAE) inked agreements to acquire 23 aircraft from several entities for USD 1.1 bn, according to a press release (pdf). The agreements are set to be finalized by the end of 2024. The details: Once the aircraft are acquired, DAE’s portfolio will […]

Banking

UAE banks were the top lenders in the GCC in 2Q

by enterpriseam adminUAE EditionAugust 29, 2024

UAE banks’ cost-to-income ratio improved to 38.2%

ENTERPRISE EXPLAINS

Where prices are heading in Dubai’s red-hot property market, the future of demand in Dubai South, and more

by enterpriseam adminUAE EditionAugust 29, 2024

The supply crunch is expected to remain in the short to mid term, while a price correction cycle could take place in the next 18 months

EARNINGS WATCH

Five Holdings reports growth in hospitality revenues in 2Q 2024

by enterpriseam adminUAE EditionAugust 29, 2024

Revenues grew 36% y-o-y to AED 545.8 mn

ALSO ON OUR RADAR

Apex Engineering inks 50-year lease with Kezad to build AED 90 mn R&D and manufacturing hub

by enterpriseam adminUAE EditionAugust 29, 2024

The plant is aimed to bolster manufacturing for industries with large-scale projects

PLANET FINANCE

Nvidia shares slide despite highly anticipated 2Q earnings beating forecasts

by enterpriseam adminUAE EditionAugust 29, 2024

Nvidia shares had fallen about 8% in extended trading at the time of writing, representing a roughly USD 200 bn drop in market value

DIPLOMACY

Deputy Abu Dhabi ruler meets with Qatari Emir + President explores Bangladesh cooperation with government chief adviser

by enterpriseam adminUAE EditionAugust 29, 2024

Sheikh Tahnoon bin Zayed Al Nahyan discussed boosting bilateral cooperation with Qatar’s emir

CALENDAR

by enterpriseam adminUAE EditionAugust 29, 2024

SEPTEMBER 31 August - 8 September (Saturday-Sunday): Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX), Adnec Centre, Abu Dhabi. 4-5 September (Wednesday-Thursday): 2024 International Government Communication Forum, Expo Centre Sharjah, Sharjah. 5 September (Thursday): du’s Envision, Atlantis the Royal, Dubai. 5 September (Thursday): Deadline to apply for the sixth edition of Access Sharjah Challenge. 5 […]