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Tag Archives: UAE

Enoc expands network

The Emirates National Oil Company (Enoc) recently opened five new service stations in Dubai, expanding its network to 122 stations in the UAE. The group is on track to increase its fuel retail presence by 40 per cent by 2020, the company said in a statement. Two of the newly …

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Revealed: UAE expats who send most money

Remittances, which are essentially the money earned abroad and sent home by expatriate workers to their families, are the backbone of some economies outside the Gulf. Remitted funds are mainly used to cover the costs of basic expenses of dependents, including housing, food, education and medical bills. They also boost …

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Mubadala posts profit of Dh10.9b in H1 2018

Mubadala Investment Company on Thursday announced a profit of Dh10.9 billion for the first half of 2018 driven by strong revenues from public equities and operating companies in the petroleum and petrochemicals platform, the company said on Thursday. The Abu Dhabi based Mubadala also announced a total comprehensive income of …

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Dubai non-oil trade jumps to Dh645b

Dubai’s non-oil foreign trade rose to Dh645 billion in the first half of 2018, an increase of Dh5 billion from 2017 figures. Dubai’s re-exports registered a Dh24 billion increase, growing by 14 per cent to Dh203 billion, reflecting the emirate’s strength as a re-export hub. Meanwhile, imports touched Dh377 billion …

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UAE passport is world’s 9th most powerful

The UAE passport is now the world’s ninth most powerful passport, offering ease of international travel to its citizens. On Thursday, Dr Anwar Gargash, Minister of State for Foreign Affairs said in a tweet: “the UAE passport has ranked at 9th position in the Global Passport Index, and now citizens …

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