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United Arab Emirates

RAK Petroleum back in profit

Ras Al Khaimah Petroleum, a UK-based company operating oil and gas concessions in the Middle East and Africa, said on Monday it had returned to profitability, posting a net profit of $54.8 million (Dh201 million) for the financial year 2017. A year earlier, the company reported a net loss of …

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UAE contributes $50m to UNRWA

United Nations Relief and Works Agency (UNRWA) has welcomed the $50 million (Dh183 million) contribution announced upon the directives of the President of the UAE, His Highness Shaikh Khalifa Bin Zayed Al Nahyan The move comes as UNRWA faces the most serious financial crisis in its history. UNRWA is a relief …

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Dubai gets record 4.7m foreign tourists in Q1

Dubai welcomed a record 4.7 million foreign tourists in the first quarter this calendar signalling strong growth momentum for the economy, the Department of Tourism and Commerce Marketing (Dubai Tourism) said in a statement on Friday. “Welcoming 4.7 million international overnight tourists from January-March 2018, the emirate posted a stable …

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UAE ambassador meets Greek businessmen

Mohammad Mir Abdullah Al Raisi, UAE Ambassador to Athens, met on Thursday with a group of Greek business leaders, representing different industrial and business sectors. During the meeting, Abdullah Al Raisi highlighted the opportunities offered by the UAE to investors and referred to the leadership’s vision for the UAE becoming …

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