The developer will meet the Dh1.15 billion cost of the project through own funds and some bank financing. That in itself is quite a statement the company is delivering after extensive restructuring…
Tag: expects
ExxonMobil expects global oil demand near current levels in 2050
This would be roughly in line with oil demand last year of 102.2 million barrels per day, according to the International Energy Agency. The figure is significantly higher than projections from its…
Dubai International Airport expects 3.43 million passengers from August 31 to September 1 as summer vacation ends
Dubai: Dubai International (DXB) is gearing up to welcome 3.43 million passengers between 31st August and 2nd September as residents return from their summer vacations. In a press release on Wednesday, DXB announced…
ADNOC Drilling expects $1.3 billion of net profit in 2024
He added that ADNOC Drilling has raised its medium-term revenue expectations to $3.85 billion for the fiscal year 2024, including $1.75 billion in onshore drilling revenues, $1.1 billion in offshore drilling revenues,…
CEO of WTTC expects global travel and tourism sector to grow by about $15 trillion over next decade
She specifically commended the UAE’s involvement in the WTTC’s Hotel Sustainability Basics programme, which ensures that hotels adhere to basic sustainability standards, enabling travelers to make informed decisions based on a hotel’s…
Borse Dubai expects to raise up to $1.6b from stake sale in Nasdaq Inc.
New York: Nasdaq Inc.’s biggest shareholder, Borse Dubai, is selling roughly one third of its stake – or 27 million shares – in the US exchange operator. Borse Dubai is offering the…