Business Blog

The Dubai Silicon Oasis Authority (DSOA) has signed a Memorandum of Understanding with Spain’s Universidad Politecnica de Madrid to promote technical and academic collaboration in smart city concepts.

Emirates Integrated Telecommunications Company, also known as du, registered a 4.8 per cent increase in the first-quarter net profit after royalty on Thursday as its revenues rose 12.5 per cent.

Tasweek Real Estate Development and Marketing, an adviser and solutions provider serving the real estate markets, has announced that its Board of Directors has distributed 60% of its 2013 profits to shareholders as bonus shares.

Etihad Etisalat (Mobily) will pay a first-quarter cash dividend of SR1.25 per share, the telecom operator said in a statement.

Morten Lund, co-founder and investor in Skype, is on a fundraising mission for his new joint venture - CodersTrust - and is keen to move his base to Dubai from Denmark if it clicks.

Hotel guest arrivals from the GCC (Gulf Cooperation Council), with the exception of the UAE, rose 30% to reach 58,698 guests during the first quarter of 2014 compared to the same period last year, according to the Abu Dhabi Tourism and Culture Authority (TCA).