Mubadala to buy Fortress
Business
BinDawood CEO resigns
Business
Infographics
Who tops inflation list of 10 Mideast countries?
Over time, inflation has come to be defined as how much a currency has lost value over a specific period.
- The two indicators often used to quantify the rate of inflation are Consumer Price Index (CPI) and Wholesale Price Index (WPI)
- However, CPI — the average change in prices over time that people pay for a selection of goods and services — is more commonly used
Business
Dubai approves 600 housing loans worth $163m
The loans are to be provided by the Mohammed bin Rashid Housing Establishment as part of housing projects announced last...
- The decision reflects the vision of the emirate’s ruler Sheikh Mohammed bin Rashid to provide the best living conditions for Emirati families
- It is said to be in line with the Dubai 2040 Urban Master Plan that lays out a roadmap for sustainable urban development in the emirate
Geostrategy
Saudi Arabia, Jordan talk bilateral, regional cooperation
Jordan and Saudi foreign ministers Monday held talks in Amman on increasing cooperation between Jordan and Saudi Arabia and coordination...
- The two said the solution to Palestinian-Israeli conflict should be based on the two-state solution
- They also discussed Iraq, Libya, the Syrian crisis and the developments in Afghanistan
Arts & Culture
UAE, Vietnam sign agreement for cooperation in arts, culture
The two countries will seek to protect intellectual property rights, and also agreed to host cultural events, facilitate public participation...
- The MoU would also foster cooperation between libraries and participation in cultural and artistic activities and events in the two countries
- The UAE Ministry of Culture and Youth signed the MoU with the Ministry of Culture, Sports and Tourism of the Socialist Republic of Vietnam
Ajman issues 41 percent more economic licenses in 2021
The economic licenses issued by the Department of Economic Development in Ajman (Ajman DED) during 2021 grew by 41 percent....
- The initiatives launched by the Ajman DED during the current year have resulted in a high growth rate of the Taziz Program to about 238 percent.
- The department signed 54 agreements during the current year, and the percentage of partners' satisfaction reached 85 percent.
Business
Emirates declared safest airline globally by Hamburg-based JACDEC
The Hamburg-based Jet Airliner Crash Data Evaluation Centre (JACDEC) has again named Emirates Airline as the world’s safest airline in...
- With a risk index of 95.05 per cent, Emirates beat its nearest rivals KLM (93.31 per cent), JetBlue (91.61), Delta (91.55) and easyJet (91.28) among the 25 airlines surveyed.
- In Europe, KLM (93.31) took first place, ahead of Finnair (93.16), Air Europa (93.12), Transavia (92.83), easyJet (91.28) and Norwegian (90.95).
Business
Syria to host three-day exhibition of Jordan’s trade and services
An exhibition of Jordan’s trade and services is scheduled to start next Tuesday in the Syrian capital, Damascus. The event...
- The event is jointly organized by the Jordan Chamber of Commerce (JCC) and the Federation of Syrian Chambers of Commerce (FSCC).
- Jordanian companies working in various sectors, particularly in trade, information and telecom technology will take part in the event.
Business
MAWANI and SCCA sign MoU
Both will create an environment for the settlement of disputes.
- The two sides agreed upon developing the skills of authority staff and those concerned with the maritime transport and ports sector.
- The pact also contributes to SCCA's endeavor to develop national ADR capacities by providing ADR services.
Business
Top Saudi Arabian companies pay stable to higher dividends in 2021
Saudi Arabia's 10 biggest companies witnessed the recovery of dividends paid out to investors in 2021, as the economy began...
- Energy giant Aramco, with over SR7 trillion in market value, paid each shareholder SR1.05 per share for the first nine months of 2021, nearly the same as in 2020.
- The eighth biggest listed firm in the Kingdom, SABIC Agri-Nutrients, yielded 2.5 percent on a stock price of SR172, and offered its highest dividend policy since 2015 this year.
Business
Alpha Dhabi Holding raises stake in Aldar Properties to 30%
Alpha Dhabi Holding (ADH) has announced the acquisition of an additional 17 percent shareholding of Aldar Properties. The acquisition will...
- The acquisition is in line with Alpha Dhabi Holding's recently announced expansion plan and future strategy
- Early this year, Alpha Dhabi Holding acquired a 12.8 percent strategic stake in Aldar Properties
Company News
Mubadala to buy Fortress
Business
BinDawood CEO resigns
Business
Latest News
Saudi energy minister holds talks with counterparts in India
Prince Abdulaziz is also the Chairman of the Ministerial Committee for Economy and Investment in the Saudi-Indian Strategic Partnership Council.
Geostrategy
UAE signs deals worth US$70m to produce medical equipment
The UAE has signed agreements to the tune of $70.8 million with medical companies to manufacture medical equipment at home.
Business
Most Read
Business
Bayanat AI IPO tranche oversubscribed
The offering saw significant demand and commitment from IHC.
- The subscription period ends on 25 October 2022 while the listing of shares and trading on ADX is anticipated on 31 October 2022.
- Dubai Islamic Bank is the Lead Manager, and First Abu Dhabi Bank is acting as the Lead Receiving Bank. International Securities are the Lead Placement Agent on the IPO.
Business
Dubai records $2.17 billion in weekly real estate transactions
Dubai, UAE---A total of 2,703 real estate transactions worth AED8 billion ($2.17 billion) were conducted during the week ending 21...
- A total of 147 plots were sold for AED1.12 billion, and 2,023 apartments and villas were purchased for AED4.79 billion.
- The top transactions were a land Fourth sold for AED85 million in Al Thanayah, and another sold for AED63 million in Island 2.
Business
Arada closes $100m tap on its Sukuk
Its existing Sukuk valued $350m was issued in June.
- The tap was priced at 99 cents on the dollar, with an investor yield of 8.386 percent.
- Arada said the tap witnessed demand from the global finance markets, with a lead order of US$185 million.