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Dubai's Aramex posts 38% jump in Q3 net profit

Dubai's Aramex posts 38% jump in Q3 net profit

Dubai-based Aramex, the global provider of logistics and transportation solutions, on Wednesday said its third quarter net profit surged by 38 percent to AED 113 million ($30.7 million).

The company said net profit for the nine-month period ending September 30 also increased by 25 percent to AED339 million compared to the prior year period.

Revenue

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Etihad Airways celebrates 15-year anniversary

Etihad Airways celebrates 15-year anniversary

Etihad Airways has operated over 840,000 passenger flights carrying 139 people since it first began operations in 2013, the airline announced on its 15-year anniversary.

Etihad began flying on November 5 2003 with a single Airbus A330-200 aircraft, which performed a symbolic flight to Al Ain. Commercial flights began on November 12 from Abu Dhabi

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Five Palm Jumeirah's Quattro Passi launches 'Battle of the Chefs'

Five Palm Jumeirah's Quattro Passi launches 'Battle of the Chefs'

The Italian restaurant at Five Palm Jumeirah boasts an Amalfi Coast-inspired menu

For four nights starting, Quattro Passi’s own Head Chef Giuseppe Pezzella and Sicily-based Mantarro will prepare a series of Italian dishes. On the first day, November 20, they will serve a five-course gelato-inspired menu, followed by a three-day ‘battle’ as they go h

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Economic stimulus to boost Abu Dhabi's real estate market, says JLL

Economic stimulus to boost Abu Dhabi's real estate market, says JLL

Despite the subdued performance of Abu Dhabi’s real estate market in Q3, the emirate’s “Tomorrow 2021” initiative will lead to a more positive investment environment in the future, according to a new market report from JLL.

According to the report, the initiative will also encourage start-ups to enter the market more efficiently, which, in turn,

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Banks, SMEs need to find 'middle ground' over lending issues: Sheraa's Najla Al Midfa

Banks, SMEs need to find 'middle ground' over lending issues: Sheraa's Najla Al Midfa

Some banks in the UAE have been "burnt" as a direct result of lending to SMEs in the GCC, according to the CEO of Sharjah Entrepreneurship Centre (Sheraa).

Speaking to Arabian Business, Najla Al Midfa, who also sits on the board of United Arab Bank, said she understands banks’ hesitation in lending to regional SMEs.

“I sit on the board of a bank s

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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