Colors: Blue Color

Underlining a shared commitment to supporting humanitarian causes in the region, Toyota Motor Corporation and Community Jameel recently completed the handover of eight brand-new vehicles to the International Rescue Committee (IRC) in Lebanon. The vehicles were provided as part of a multifaceted collaboration announced in March that leverages the three partners’ diverse but complementary resources and expertise in response to global challenges.

SOL Properties has invested an additional budget of AED 20 million as it expands SOL Living, a dedicated leasing service portfolio that offers long- and short-term lease options to meet the evolving needs of Dubai’s residents and visitors.  It will introduce 16 new serviced apartment units across three new buildings in Dubai, all slated to open by September 2021.

Emirates Integrated Telecommunications Company PJSC (“EITC”) published its financial results for the second quarter of 2021. It reported: (i) revenues of AED 2,855 million, a 7% increase year-on-year, (ii) an EBITDA of AED 1,130 million, a 7.3% increase year-on-year; (c) a net profit of AED 240 million, an 11.4% increase year-on-year and (d) capital expenditures of AED 649 million. On the basis of these results, the Board of Directors approved an interim dividend of AED 0.10 per share.

ABB will participate in the Dubai EXPO 2020 as an official partner of the Swedish Pavilion and showcase its leading technology in a digital and interactive way partnering with more than 100 companies and institutions. With a history of more than 130 years and Sweden as one of the birthplaces of the company, ABB will join the country’s efforts to highlight the most innovative solutions that will help build a smart society under the pavilion’s theme of “Co-creation for Innovation”. The exhibition is the first Expo ever that is taking place in the Middle East. A meeting point for businesses and governments, EXPO 2020 will run from October 1, 2021, to March 31, 2022.

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