Category Archives: Business & Investments

Business & Investments

International SOS Foundation to host ‘2024 Duty of Care Awards & Summit’

International SOS Foundation to host ‘2024 Duty of Care Awards & Summit’ to highlight best practices in ensuring employee well-being and safety

29 May 2024: The International SOS Foundation has launched its 2024 Duty of Care Awards & Summit, which will take place on 31 October 2024 in Sydney, Australia.

The event gathers leading experts to discuss, debate, and share best practices while honouring organisations and individuals around the world for their dedication to protecting the health, safety, security, and wellbeing of their global workforce. As the acceleration of a changing risk environment continues to impact the ability of organisations to manage the resilience of their people and operations, the Awards’ theme remains – Leading Change for a Re-Imagined Future.

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Business & Investments

SHRM MENA to Host Inaugural SHRM GCC HR Summit24 at Palazzo Versace Dubai

SHRM MENA to Host Inaugural SHRM GCC HR Summit24 at Palazzo Versace Dubai

  • With the participation of more than 200 human resources experts in the region
  • SHRM is the largest HR society in the world with 340,000 members in 180 countries

Dubai, UAE (May 29, 2024): SHRM MENA is thrilled to announce the SHRM GCC HR Summit24, a groundbreaking event set to take place on June 5-6, 2024, at the iconic Palazzo Versace Dubai.

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Business & Investments

Dubai World Trade Centre Free Zone formally expanded to include One Za’abeel

Dubai World Trade Centre Free Zone formally expanded to include One Za’abeel

Dubai, United Arab Emirates, 29 May 2024: Dubai World Trade Centre Authority (DWTCA) has officially expanded its jurisdiction to include within its Free Zone, One Za’abeel, the iconic landmark developed by ICD (Investment Corporation of Dubai). The expansion was formalised with the enactment of Decree No. 18 of 2024, issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai.

Decree No. 18 of 2024 formally integrates One Za’abeel into the Dubai World Trade Centre Authority’s Free Zone, granting companies and organisations within the landmark mixed-use development access to a host of advantages provided by the Free Zone. These benefits include 100% foreign ownership, exemption from customs duties, dual-licensing opportunities, 0% Corporate Tax, simplified procedures for visas and permits, and a wide range of flexible office solutions.

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Business & Investments

ICD-Record Net Profit for the Year 2023 of AED 60.8 Billion

ICD (Investment Corporation of Dubai)

The Group announces its best-ever performance, well above last year’s record.

Record Net Profit for the Year 2023 of AED 60.8 Billion

Record Assets of AED 1.32 Trillion

Dubai – 29 May 2024 – ICD (Investment Corporation of Dubai) announced today its consolidated financial results for the year ended 31 December 2023 having generated record Revenues of AED 310.2 Billion and a record Net Profit of AED 60.8 Billion, representing an exceptional achievement surpassing last year’s earnings.

Revenues reached a record AED 310.2 Billion, up 16 per cent with an increase of AED 42.8 Billion compared to the prior year, driven primarily by significantly higher passenger traffic in Transportation as well as the asset growth and higher interest rates in Banking and Financial Services. Oil & Gas revenues declined as global oil prices retreated from their 2022 peak. Overall revenues grew faster than operational costs, boosting margins.

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Business & Investments

UBF: SWIFT ecosystem development supports growth of UAE’s global trade

UBF: SWIFT ecosystem development supports growth of UAE’s global trade

Abu Dhabi, United Arab Emirates; 28 May 2024:

UAE Banks Federation, the sole representative and unified voice of UAE banks, praised SWIFT’s continuous efforts to develop the payments ecosystem, the initiatives of the SWIFT User Steering Committee and its national group in the UAE that define the foundations of doing business locally, and the crucial role of the SWIFT ecosystem in the growth of global trade.

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