Category Archives: Business & Investments

Business & Investments

World Future Energy Summit 2024 to Build on COP28’s Change Agenda and Help Realise Transformative Future

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World Future Energy Summit 2024 to Build on COP28’s Change Agenda and Help Realise Transformative Future

Annual summit in Abu Dhabi to accelerate COP28’s transition agreements and renewables pledge by bringing together industry leaders, policymakers, investment incubators, and world-class start-ups

 Event in the UAE capital will play key role in furthering COP28 resolutions along the road to reality, says Summit Director.

Dubai, UAE – February 12, 2024: The recent COP28 in Dubai underscored the UAE’s global leadership in a sustainable energy future with the brokering of a momentous US$700 million loss and damage fund, US$100 million of which was pledged by the host country, to provide financial support to developing countries suffering from climate destruction.

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Business & Investments

An African Adventure Awaits For The World’s Top Destination Wedding Professionals At The 10th Annual DWP Congress

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An African Adventure Awaits For The World’s Top Destination Wedding Professionals At The 10th Annual DWP Congress

7h February 2024, Dubai, UAE – The world’s strongest business-to-business (B2B) platform for destination weddings is preparing to shine in glory for its momentous 10th annual. The Destination Wedding Planners (DWP) Congress has been bringing together over 500 luxury destination wedding experts including planners, hotels, venues, tourism boards, photographers, videographers, cake designers, fashion designers and many other creative suppliers and service providers from 70+ countries for 9 years now. In April 2024, the Congress will be celebrating a decade of connecting the global destination wedding industry. 

Taking place in the gorgeous backdrop of Victoria Falls in Zimbabwe, this extravaganza will begin from April 15th-17th 2024 in strategic partnership with RSVP Events.

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Business & Investments

UAE Banks Federation organises awareness seminar on corporate tax

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UAE Banks Federation organises awareness seminar on corporate tax

Abu Dhabi, United Arab Emirates; 10 February 2024:

UAE Banks Federation, the solerepresentative and unified voice of UAE banks, organised an awareness seminar on corporate tax in the UAE as part of its efforts to continuously promote the exchange of views and experiences in order to develop the banking sector and strengthen the UAE’s position as a leading financial and banking centre.

The awareness seminar was attended by the CEOs of member banks, a number of officials and experts working in the banking and financial sector, where important matters of the banking and financial sector were addressed as the corporate tax comes to enforcementthis year.

The seminar covered various topics such as the tax rate for international and large multinational companies, procedures for filing audited tax returns in consolidated financial statements, and conversion of foreign currencies into the UAE dirham according to the rates issued by Central Bank of the UAE, procedures for price transfers and the corporate tax rate for foreign bank branches operating in the UAE. The seminar also explained Zakat in the country’s corporate tax system.

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Business & Investments

Emirates Stallions Group Announces Record 316% Growth in Net Profit for 2023

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Emirates Stallions Group Announces Record 316% Growth in Net Profit for 2023

  • ESG marked a significant milestone this year, recording a net profit surge to AED 687 million.
  • Strategic portfolio expansion and key acquisitions led to an impressive 168% and 202% growth in the company’s assets and equity, respectively.

Abu Dhabi, UAE, 10 February 2024: Emirates Stallions Group (ADX: ESG), the leading provider of Manpower Supply, Workers & Staff Accommodation solutions, as well as Landscaping & Agriculture, Real Estate Development, Engineering Project Management and associated services to Construction, Development and Hospitality, and a subsidiary of International Holding Company (ADX: IHC), today announced a remarkable year-on-year net profit increase of 316%, reaching AED 687 million for the fiscal year ended December 31, 2023. This significant financial achievement underscores the Group’s strategic acumen and operational excellence, marking a historic milestone in its growth trajectory.

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Business & Investments

MKB Bespoke Audio unveils the Middle East’s first-of-its kind Experience Centre

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MKB Bespoke Audio unveils the Middle East’s first-of-its kind Experience Centre for premium audio-visual brands and integrated solutions

Elite UAE Customers Turn to MKB Bespoke Audio for Cutting-Edge Solutions Meeting Evolving Lifestyle and Entertainment Demands

Date: Dubai, UAE; February 10, 2024

MKB Bespoke Audio, known for delivering top-quality audio-visual solutions for home theatres, home automation, and private cinemas, has unveiled the Middle East’s first-of-its-kind Experience Centre. Catering to ultra-high net worth clients with a taste for exceptional audio-visual experiences and luxury entertainment, this centre sets a new standard in the region.

MKB Bespoke Audio, headquartered in the UAE, is part of a group of companies with over 1,500 professionals across the UAE and India, with production facilities in India. Serving a clientele of over 6,000 in the UAE alone, MKB Bespoke Audio is a leader in delivering premium audio-visual experiences.

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