Company Insights Investment Corporation of Dubai Banking and Finance Investment Corporation of Dubai News Aviation Dubai Aerospace buys 17 aircraft for $1bn Dubai Aerospace Enterprise (DAE), the Middle East’s largest aviation leasing and engineering company, has acquired 17 aircraft for $1 billion from multiple sellers, the company said in a statement. Eighty percent of the aircraft are manufactured by Airbus, while the remaining 20 percent are from Boeing. The aircraft have been leased to 11 airlines in […] March 17, 2025 Manufacturing EGA reveals sharp drop in profits Profits at Emirates Global Aluminium (EGA) have fallen by nearly a quarter as a result of the suspension of operations in Guinea and introduction of corporation tax in the UAE. In October 2023, the Guinea Alumina Corporation, a subsidiary of EGA, was hit by the Guinean government’s decision to halt exports of bauxite, a raw […] March 13, 2025 Construction Dubai contractor Alec anticipates $500m IPO Dubai is hoping to raise up to $500 million from the initial public offering of Alec Engineering and Contracting, according to media reports. Alec, part of the Investment Corporation of Dubai’s portfolio, is behind some of the Gulf’s largest projects including the Wynn Resort in Ras Al Khaimah and the Qiddiya water theme park in […] February 5, 2025 Tax Dubai distributors to swallow 30% tax on alcohol brands Dubai’s two main alcohol distributors have promised to absorb most, and in some cases all, of the 30 percent tax that was reinstated on alcoholic drinks from January 1. The Dubai Municipality tax on alcoholic beverages was suspended from the start of 2023, continuing into 2024. It was widely seen as an attempt to make […] January 3, 2025 EXCLUSIVE Aviation Emirates repays over 70% of $4.8bn pandemic debt Dubai’s Emirates airline has already repaid billions of dollars of debt it raised during the pandemic, a senior official told AGBI. The emirate’s flagship carrier raised AED17.5 billion ($4.8 billion) in debt during the pandemic, when the aviation industry was brought to its knees as planes were grounded globally by strict lockdown rules. “I would […] November 15, 2024 Aviation Emirates reports record half-year pre-tax profit Emirates airline recorded a post-tax profit of $2.4 billion (AED8.7 billion) for the first half of the year, down 7 percent compared to the same period last year. This year marks the first time state-owned Emirates has had to pay UAE corporate income tax. When compared to the previous year before tax, the airline reported […] November 7, 2024 Aviation Dubai Aerospace Enterprise buys 10 aircraft for $500m Dubai Aerospace Enterprise (DAE), a global aviation services company, has acquired ten narrowbody aircraft for around $500 million. DAE will lease the next-generation aircraft to four airlines across four countries, the company said on Tuesday. “These young aircraft with long remaining lease terms are expected to be favourable to our portfolio’s metrics, once delivered,” said […] October 29, 2024 Opinion Trade The UK’s economic woes make Gulf trade deal a priority As Sir Keir Starmer's government runs into turbulence, it will need the help of its GCC allies as never before September 24, 2024 People & Lifestyle Brookfield seeks ADQ support in bid for Spain’s Grifols Brookfield Asset Management has been in discussions with ADQ, a sovereign wealth fund in Abu Dhabi, to explore potential support for acquiring Spanish blood-plasma company Grifols SA. The Canada-based investment company has also held talks with Singapore’s GIC Pte, though no agreements have been finalised, Bloomberg reported, citing unnamed sources. Grifols, which is traded on […] September 2, 2024 Transport Dubai Aerospace Enterprise buys 23 aircraft for $1.1bn Dubai Aerospace Enterprise Limited, a global aviation services company, has acquired 23 aircraft from multiple companies for $1.1 billion. The company’s aircraft portfolio will have an average age of 3.4 years and an average lease term remaining of 8.8 years on completion of the deal by year-end. These jets are on lease to 13 airlines […] August 28, 2024 Posts navigation Previous 1 2 3 … 5 Next
Aviation Dubai Aerospace buys 17 aircraft for $1bn Dubai Aerospace Enterprise (DAE), the Middle East’s largest aviation leasing and engineering company, has acquired 17 aircraft for $1 billion from multiple sellers, the company said in a statement. Eighty percent of the aircraft are manufactured by Airbus, while the remaining 20 percent are from Boeing. The aircraft have been leased to 11 airlines in […] March 17, 2025
Manufacturing EGA reveals sharp drop in profits Profits at Emirates Global Aluminium (EGA) have fallen by nearly a quarter as a result of the suspension of operations in Guinea and introduction of corporation tax in the UAE. In October 2023, the Guinea Alumina Corporation, a subsidiary of EGA, was hit by the Guinean government’s decision to halt exports of bauxite, a raw […] March 13, 2025
Construction Dubai contractor Alec anticipates $500m IPO Dubai is hoping to raise up to $500 million from the initial public offering of Alec Engineering and Contracting, according to media reports. Alec, part of the Investment Corporation of Dubai’s portfolio, is behind some of the Gulf’s largest projects including the Wynn Resort in Ras Al Khaimah and the Qiddiya water theme park in […] February 5, 2025
Tax Dubai distributors to swallow 30% tax on alcohol brands Dubai’s two main alcohol distributors have promised to absorb most, and in some cases all, of the 30 percent tax that was reinstated on alcoholic drinks from January 1. The Dubai Municipality tax on alcoholic beverages was suspended from the start of 2023, continuing into 2024. It was widely seen as an attempt to make […] January 3, 2025
EXCLUSIVE Aviation Emirates repays over 70% of $4.8bn pandemic debt Dubai’s Emirates airline has already repaid billions of dollars of debt it raised during the pandemic, a senior official told AGBI. The emirate’s flagship carrier raised AED17.5 billion ($4.8 billion) in debt during the pandemic, when the aviation industry was brought to its knees as planes were grounded globally by strict lockdown rules. “I would […] November 15, 2024
Aviation Emirates reports record half-year pre-tax profit Emirates airline recorded a post-tax profit of $2.4 billion (AED8.7 billion) for the first half of the year, down 7 percent compared to the same period last year. This year marks the first time state-owned Emirates has had to pay UAE corporate income tax. When compared to the previous year before tax, the airline reported […] November 7, 2024
Aviation Dubai Aerospace Enterprise buys 10 aircraft for $500m Dubai Aerospace Enterprise (DAE), a global aviation services company, has acquired ten narrowbody aircraft for around $500 million. DAE will lease the next-generation aircraft to four airlines across four countries, the company said on Tuesday. “These young aircraft with long remaining lease terms are expected to be favourable to our portfolio’s metrics, once delivered,” said […] October 29, 2024
Opinion Trade The UK’s economic woes make Gulf trade deal a priority As Sir Keir Starmer's government runs into turbulence, it will need the help of its GCC allies as never before September 24, 2024
People & Lifestyle Brookfield seeks ADQ support in bid for Spain’s Grifols Brookfield Asset Management has been in discussions with ADQ, a sovereign wealth fund in Abu Dhabi, to explore potential support for acquiring Spanish blood-plasma company Grifols SA. The Canada-based investment company has also held talks with Singapore’s GIC Pte, though no agreements have been finalised, Bloomberg reported, citing unnamed sources. Grifols, which is traded on […] September 2, 2024
Transport Dubai Aerospace Enterprise buys 23 aircraft for $1.1bn Dubai Aerospace Enterprise Limited, a global aviation services company, has acquired 23 aircraft from multiple companies for $1.1 billion. The company’s aircraft portfolio will have an average age of 3.4 years and an average lease term remaining of 8.8 years on completion of the deal by year-end. These jets are on lease to 13 airlines […] August 28, 2024
