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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Health Care

PureHealth contributes AED 1bn through local procurement to support National ICV programme

During its participation at the Make it in the Emirates Forum

PureHealth contributes AED 1bn through local procurement to support National ICV programme

PureHealth reaffirms its commitment to supporting the objectives of Operation 300bn as well as national efforts to build a world-leading healthcare system.

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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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Fashion & Trends

GET YOUR LOOK SUMMER-READY WITH VISION INDUSTRY

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GET YOUR LOOK SUMMER-READY WITH VISION INDUSTRY

  • UAE’s premier optical experiential-retail concept store presents a curation of six must-have eyewear selections for the ultimate summer style!
  • 2024, Dubai, UAE:In the UAE, where the sun shines bright year-round, every day feels like a perpetual summer dream. Whether you’re out on a breezy beach day or simply soaking up the sunshine, there’s one essential accessory you can’t go without – sunglasses.Sunglasses effortlessly enhance your outfit for any occasion. Planning a beach day? Slide on some shades. Craving a bit of glamour for a perfect summer evening?
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Sports & Recreations

Challenge Your Balance: Participate in the Slow Cycle Race at Mushrif Mall

Challenge Your Balance: Participate in the Slow Cycle Race at Mushrif Mall

  • First-of-its-kind Slow Cycle Race at Mushrif Mall
  • Two exciting weekends: May 31st to June 2nd and June 7th to 9th
  • Total prize pool of AED 17,500, with a grand prize of AED 10,000

As summer heats up, so does the excitement at Mushrif Mall with its unique Slow Cycle Race. Over two thrilling weekends, from May 31st to June 2nd and June 7th to 9th, both expert cyclists and amateurs are invited to join in a race that promises competitive fun and a truly unique experience.

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