Business News from Thursday, May 8th, 2025
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New urban hub to rise around historic Jebel Ali Racecourse
A new urban development is set to reshape Dubai’s skyline.
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Emirates marks record annual profits with 22-week staff bonus
Dubai's Emirates Airline has announced a 22-week salary bonus for its employees to mark its best annual profits in its history, becoming the world’s most profitable airline.
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Emirates Group achieves record annual profit of AED 22.7 billion
The Emirates Group has achieved record profit of AED 22.7 billion for 2024-25, with Emirates reporting the best result in its history to become the world’s most profitable airline.
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UAE foreign trade hits record of AED 5.23 trillion in 2024
UAE foreign trade reached a surplus of over AED 490 billion, with the Ministry of Economy’s Foreign Trade team and the Comprehensive Economic Partnership Agreements (CEPA) negotiators team recognised for their contributions.
News
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Five insurance brokers sanctioned in UAE compliance driveThe Central Bank of the UAE (CBUAE) has taken action against five insurance brokers for failing to meet anti-money laundering and counter-terrorism financing requirements.
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Abu Dhabi Crown Prince begins official visit to KazakhstanHis Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, is leading a high-level UAE delegation to explore opportunities to enhance cooperation with Kazakhstan.
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Unsafe jet skis seized in Dubai Police safety driveDubai Police have confiscated 32 jet skis during a major inspection at Fishing Harbour 3, targeting rental companies as part of a wider crackdown on marine safety violations.
