IsDB to finance projects worth US$800m in member states
JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects...
Geostrategy
EIH acquires stake in 9Yards Comm
The acquisition aims to broaden EIH's investment portfolio.
Business
Geostrategy
Abu Dhabi Crown Prince, King of Netherlands discuss regional, global issues
Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and King Willem-Alexander of the Netherlands have discussed friendship...
- The parties tackled several regional and international issues of mutual interest and exchanged views in this regard.
- Two days ago, 50 Dutch companies arrived in the UAE on a trade mission.
Business
Helal Al Marri appointed chairman of Dubai Financial Market
Helal Saeed Al Marri has been named as the new chairman of the Dubai Financial Market by the Committee for...
- Appointment of new DFM board of directors announced by Deputy Ruler of Dubai Sheikh Maktoum bin Mohammed.
- Al Maktoum thanked outgoing Essa Kazim for his efforts to manage the DFM since its inception 20 years ago.
Business
Dubai Investments net profit $123m
The firm will focus on the real estate market, its CEO said.
- Total Income also increased to AED 2.6 billion from AED 1.9 billion for the first nine months of the year.
- The Group recently announced its new venture in the emirate of Ras Al Khaimah.
Business
GMIS, FAB to enhance SME’s access to finance, drive industrial growth
The Global Manufacturing and Industrialisation Summit (GMIS) announced on Thursday a partnership with First Abu Dhabi Bank (FAB), that will...
- The GMIS-FAB partnership will also highlight the importance of ‘green finance’.
- GMIS 2021 will be held alongside the six-day GMIS Week from November 22-27 at the Expo.
Economy
UAE, Spain seek to increase collaboration in life sciences sector
The UAE hosted its second "Sci-Tech Virtual Tour" for a high-level Spanish delegation to highlight the country’s economic and scientific...
- The UAE hosted its second "Sci-Tech Virtual Tour" for a high-level Spanish delegation to highlight the country’s economic and scientific achievements
- The two-day event was organized in cooperation with the UAE’s Ministry of Foreign Affairs and International Cooperation and the UAE Embassy in the Kingdom of Spain.
Economy
$4 bn US-UAE effort to help farming adapt to climate change
During the UN talks in Glasgow, Scotland, the two countries launched the Agriculture Innovation Mission for Climate.
- During the UN talks in Glasgow, Scotland, the two countries launched the Agriculture Innovation Mission for Climate
- The AIM is seen as critical for averting the most disastrous impacts of climate change
Economy
COP26 sees new coalition for net-zero tourism
The SGTC will be headquartered in Riyadh, Saudi Arabia, and may open regional offices in other countries.
- The STGC is a multi-country, multi-stakeholder coalition established to lead, accelerate, and track the tourism industry’s transition to net-zero emissions
- It is also expected to drive action to protect nature and support communities
Business
Egypt’s Breadfast to expand to Middle East, gets $26M backing
The investors include lead investors Vostok New Ventures and Endure Capital and participating investors JAM Fund (led by Tinder co-founder...
- The investment is coming two years after Breadfast raised a $2 million
- In total, the company has secured more than $30 million
Business
Dubai’s Wednesday realty transactions worth AED1.1 bn
The sales covered 314 villas and apartments worth AED645.92 million, and 29 land plots worth AED216.81 million.
- The sales covered 314 villas and apartments worth AED645.92 million, and 29 land plots worth AED216.81 million
- The mortgages included 52 villas and apartments worth AED123.74 million and 10 land plots valued at AED45.14 million
Business
Nayifat sets IPO offer price
The IPO kicks off on November 7 and ends on November 8.
- The listing would result in a market capitalization of SAR 3,400 million (USD 907 million)
- The book-building process generated an order book of SAR 162 billion that was 136x oversubscribed
IsDB to finance projects worth US$800m in member states
JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects...
Geostrategy
Company News
Dubai Opera all set to celebrate its sixth anniversary
Arts & Culture
Latest News
Saudi Electricity borrows $568m
Business
DMCC holds events in Miami and New York to attract US companies
Dubai, UAE--- Dubai Multi Commodities Centre (DMCC) said Thursday it has concluded Made For Trade Live events in Miami and...
Business
UAE to develop international maritime network
The Ministry of Energy and Infrastructure (MoEI) announced the launch of the "UAE Maritime Network".
Economy
Saudi Crown Prince meets minister of defense, commanders
Prince Mohammed bin Salman bin Abdulaziz expressed his appreciation for the progress achieved in the implementation of the ministry's development...
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Geostrategy
UAE, Japan sign comprehensive strategic partnership pact
Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the...
- The UAE-Japan strategic partnership agreement aims to bolster relations between the two countries to advance their common interests.
- The key areas of the partnership include diplomacy, enhancing international development, humanitarian aid efforts, business, trade, energy.
Business
Abu Dhabi Exchange, MSX sign cooperation agreement
Abu Dhabi, UAE---The Abu Dhabi Securities Exchange (ADX) and the Muscat Securities Market (MSX) signed a memorandum of understanding (MOU)...
- The two sides will cooperate in a number of areas, including advisory services, training, development of systems, and promotion of integration.
- It also provides a channel of direct communication between the two parties, for the exchange of legal and technical information, sustainability and ESG.
Science
Jordan, Germany discuss scientific research, ties in water sector
Jordan's The Royal Scientific Society (RSS) and the Princess Sumaya University for Technology (PSUT) discussed with the German Research Foundation...
- A German Research Foundation (DFG) delegation visits Jordan and discusses scientific and research ties in the water sector.
- The delegation included 22 researchers, professors and representatives from the German Academic Exchange Service (DAAD).