Friday 28 April 2017
 
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2016

DMCC welcomes record-breaking 2,106 firms in 2016

Dubai Multi Commodities Centre (DMCC) welcomed a record-breaking 2,016 new member companies in 2016, an increase of 14 per cent on the previous year, and an average annual growth rate of 33 per cent over the last decade. DMCC is n

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Julphar reports $394m sales in 2016

UAE-based Julphar Gulf Pharmaceutical Industries, the largest generic pharmaceutical manufacturer in Middle East and North Africa (Mena), has revealed that it has closed the year 2016 with sales of Dh1.45 billion ($394.7 million).

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Qatar First Bank maintains assets value at $1.64bn

Qatar First Bank’s (QFB) total assets didn’t decline during 2016 despite the write-down of QFB’s investment book and closed at almost QR6 billion ($1.64 billion), mainly driven by the increase from financing assets, which incre

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Empower saves power worth $707m in 2016

Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, has recorded a milestone achievement in power saving that touched 1000 megawatts in 2016, equivalent to Dh2.6 billion ($707.8 million).

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Empower saves power worth $707m in 2016

Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, has recorded a milestone achievement in power saving that touched 1000 megawatts in 2016, equivalent to Dh2.6 billion ($707.8 million).

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Abu Dhabi, Saudi non-oil trade hits $4.6bn in 2016

The total value of non-oil trade between Abu Dhabi and Saudi Arabia reached Dh17 billion ($4.6 billion) in 11 months during 2016, based on statistics that focussed mainly on the imports through Abu Dhabi’s land, sea, and airports, a report

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A stressful 2016 tempers optimism among millennials

A turbulent 2016—punctuated by terror attacks in Europe, Brexit, and a contentious US presidential election—appears to have rattled millennials’ confidence, according to Deloitte’s sixth annual Millennial Survey.

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Air Arabia reports net profit of $138m for 2016

Air Arabia has posted a net profit of Dh509 million ($138.5 million) for the year 2016, 4 per cent lower than the 2015 figure of Dh531 million ($144.5 million). Turnover for the full year 2016 was in line with the preceding 12 mon

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Adnec welcomes 1.5m visitors in 2016; up 30pc

Abu Dhabi National Exhibitions Company (Adnec) announced that its key venues including Abu Dhabi National Exhibition Centre and Al Ain Convention Centre (AACC) collectively welcomed more than 1.516 million visitors across 480 local and internati

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Etihad flies 18.5m passengers in 2016

Etihad Airways, the national carrier of the UAE, carried 18.5 million guests in 2016, up 6 per cent on figures reported in 2015. The year 2016 proved to be another year of sustained growth for the carrier, helped by new aircraft,

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