Al Mal Capital REIT to launch rights issue
The fund has an existing portfolio valued at US$158m.
Business
Arab countries public expenditure climbs to US$957.5bn in 2022: AMF
Abu Dhabi, UAE--The total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to...
Economy
Doomed by pandemic, Makkah’s hotels can finally see light
Stung by the lockdown and lack of pilgrims traveling from around the world to Islam’s holiest site, Makkah’s hospital industry...
Russian flights to Egyptian resorts to restart after six years
The Russian embassy in Egypt announced that flights will resume in August, some six years after a Russian passenger plane...
Tunisia wins silver medal at Tokyo Olympics
Mohammed Khalil Jendoubi reached the final of the men’s Taekwondo 58kg category where he lost to the Italy’s Vito Dell’Aquila,...
Egyptian President uses a bicycle to interact with public
Since his first bid for presidency in 2014, Sisi has used his rides to know more about the problems and...
Jordan to vaccinate children and older citizens against Covid
Children aged 12 will be given the Pfizer-BioNtech vaccine only with the approval of a guardian and with no prior...
Houthi militia buries 11 fighters killed on battlefield in Yemen
In a big setback to the Iran-backed militia, one of its top commanders, Brigadier Hamer Yahiya, who was the military...
GCC condemns Iran for interfering in affairs of other nations
GCC demands Iran’s nuclear program, ballistic missiles, and its support for militias must be included in ongoing talks in Vienna...
Spike in fuel prices not to make food costlier: Cairo Chamber
The flow of goods, the price of bread, and other food commodities will remain immune from the increase in fuel...
Al Dhafra festival to begin in October in Abu Dhabi, prize money to be AED110m
This year the festival will include camel beauty contest The 15th edition of the festival will coincide with the...
Dubai Customs, DP World to launch automation at Jebel Ali Port
The new system will speed up the refund process as customers can now submit refund claims immediately after loading vessels’...
Al Mal Capital REIT to launch rights issue
The fund has an existing portfolio valued at US$158m.
Business
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Kuwait calls for turning Middle East into nuclear-free region
New York, US-- Kuwait's permanent envoy to the UN, Tareq Al-Bannai, has affirmed Kuwait's continuous efforts to make the Middle...
Geostrategy
UAE hosts seventh edition of Interpol’s strategic dialogue
Abu Dhabi, UAE--The UAE's Ministry of Interior and the Gulf Police Service hosted the seventh edition of the strategic dialogue...
Geostrategy
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Business
Investcorp to float IPO
The listing of shares on ADX is set for November 17.
- According to the company, the subscription will be open from November 2 to November 9, 2023
- It plans to offer 321,500,000 new shares while 321,500,000 shares will be sold by selling shareholder, Investcorp S.A
Business
UAE-Zimbabwe trade touches US$2bn, poised to expand more
Abu Dhabi, UAE-- Trade between the UAE and Zimbabwe touched $2 billion last year as the bilateral relations between the...
- The UAE is Zimbabwe's second-largest trading partner and the relations between the two countries are poised to grow further
- Zimbabwe's ambassador to the UAE said that both countries are working to develop a number of sectors, like mining, and energy
Business
NMDC posts bumper profits
Its revenues for the first nine months stood at US$3bn.
- The company's net profits increased 115 percent to $411 million in the first nine months of 2023
- It attributed growth in revenues and net profits to progress of the major projects underway