Gulftainer extends concession pacts
The agreements with Sharjah Ports extended for another 35 years.
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EPI to make assembly parts for Raytheon
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Jean Marie Bockel appointed Middle East GPF ambassador
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AUS, Petrofac partner to improve solar energy efficiency
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UAE: Emirate to receive direct commercial flights from Ukraine
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Bombed-out factories deepen economic pain in Gaza
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Flydubai to run two new summer routes to Greece
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Dubai records AED92 billion worth of realty transactions
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A floating house launched in UAE sells for Dh 20 million
Neptune billed as the first environment-friendly floating house in the world Floating units can safely move from one place to...
New business licenses record 19 percent growth
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DMCC Crypto Centre to champion cryptographic technologies in Dubai
Co-working spaces for crypto entrepreneurs within the Jumeirah Lakes Towers district Center will house a leading crypto advisory practice led...
DP World to expand energy efficiency pact with Etihad ESCO
MoU covers energy performance contracting projects, solar on-grid installations, IT solutions Etihad Energy Services currently retrofitting buildings in DP World's...
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Gulftainer extends concession pacts
The agreements with Sharjah Ports extended for another 35 years.
Business
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Riyad Capital okays 2.5% cash dividend
The SAR 0.25 per unit dividend will be paid to Riyad REIT Fund's unitholders.
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Bahrain Central Bank’s Sukuk Al Salam oversubscribed 319%
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APIC H1 net profit down 39%
Total revenues grew by 7.2% YoY to $590 million.
- Net profits attributed to APIC shareholders in the first half of 2023 reached $11.08 million.
- Total assets increased by 8.74 percent compared to 2022's closing and reached $756 million.
Business
Mawani adds 20 cargo services to Saudi Arabia’s ports in H1
Riyadh, Saudi Arabia -- The Saudi Ports Authority (Mawani) has added 20 cargo services to the ports of Jeddah, Dammam,...
- Transshipments gained 12.19 percent over the prior year’s volume of 1,391,221 TEUs to reach 1,560,790 TEUs in H1 2023.
- A total of 5,918 vessels called at Mawani’s ports during this year’s first half, up 10.68 percent year-on-year from 5,347 ships.
Business
ADEX and Egypt sign wheat, commodities financing agreement
Abu Dhabi, UAE -- Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has...
- The agreement entails a revolving financing program valued at S100 million, to be renewed annually over a five-year period, ultimately reaching a total of $500 million.
- The UAE’s support has contributed to the establishment of 25 silos in 17 governorates of Egypt, increasing wheat storage capacity by 1.5 million tons.