MoFAIC, Burjeel Holdings ink MoU on healthcare services
ABU DHABI, UAE - UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and Burjeel Holdings have signed a Memorandum...
Business
DMCC to open office in Mumbai for Indian firms to expand through Dubai
Leveraging DMCC’s strong regulatory framework and reputation within Indian business circles, the office will provide a one-stop solution for Indian...
Business
Iran rejects Israel’s ‘baseless accusations’ over ship attack
The MT Mercer Street, managed by prominent Israeli billionaire Eyal Ofer, was struck on Thursday off the coast of Oman,...
RAK Properties net profit rises 348% to AED120m in H1
Revenues of the UAE-based real estate firm, which is listed on the Abu Dhabi Stock Exchange, grew by 121 percent...
Tunisia: Two MPs opposed to president held
Maher Zid and Mohamed Affes of Al-Karama have been placed in provisional detention in connection with a military investigation.
Three Hezbollah among five dead in Lebanon funeral ambush
Several people were wounded in the exchange of fire in the Khalde area between members of the Lebanese Shiite group...
Etihad: Flight ban from India, Pakistan may stretch beyond Aug 7
Etihad extends suspension of passenger travel from India, Pakistan, Bangladesh, Sri Lanka from Aug 2 to Aug 7.
- Etihad extends suspension of passenger travel from four South Asian countries from Aug 2 to Aug 7.
- Emirates said on Friday it was reviewing plans to resume flights from India, Pakistan from Aug 8.
Alba Q2 profit jumps 665% to $246m
Aluminium Bahrain posted Q2 2021 profit of BD92.6 m after loss in 2020 .
Engie roped in for energy-efficiency project at Riyadh airport
The project is aimed at reducing energy demand and costs at the airport and ensuring reliable supply through clean and...
Covid-19 infection: 12 die in Saudi Arabia, two in UAE
The total number of recoveries in the Kingdom increased to 507,374 after 1,285 more patients recovered from the virus.
Iran says it has freed ‘considerable’ number of arrested water protesters
The move comes barely days after Human Rights Watch urged Iran to unconditionally release all water protesters it had detained.
US gears up to sell 18 military choppers to Israel for $3.4 billion
All 18 choppers are Sikorsky CH-53K King Stallion heavy-lift helicopters, and will come fitted with weaponry provided by Lockheed Martin.
MoFAIC, Burjeel Holdings ink MoU on healthcare services
ABU DHABI, UAE - UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and Burjeel Holdings have signed a Memorandum...
Business
Company News
Careem acquires MUNCH: ON
Business
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EGA to produce silicon metal
Business
EIG, Q Properties sign gas deal
Business
Jordan government committed to public-private engagement
The government is committed to expanding the management consulting services sector's participation in enhancing industrial production processes and facilitating access...
Economy
Aldar says it recirculated $2.39bn into UAE economy through ICV
Aldar Properties said Tuesday that it has recirculated AED8.8 billion ($2.39 billion) to the local economy through In-Country Value (ICV)...
Business
Sharjah records 2,417 real estate transactions in July 2022
Sharjah Real Estate Registration Department (SRERD) has revealed that total transactions carried out in July 2022 amounted to 2,417 transactions...
Business
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Business
DEWA breaks own record for overhaul of gas turbines
Dubai Electricity and Water Authority (DEWA) has announced breaking its own world record in major inspection outage duration for the...
- DEWA has reduced the maintenance outages for critical inspection operations from 11 days to nine days.
- There is a reduction in the maintenance duration of 84 percent compared to 2006.
Business
Kuwait central bank issues $792 bonds, tawarruq for three months
The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq worth Kuwaiti Dinar 240 million ($792 million) payable...
- The bank said in a statement that the new securities have a return rate of 2.625 percent.
- Tawarruq is a financing arrangement where the buyer can obtain cash immediately through a series of sale transactions.
Business
ESG acquires stake in two firms
ESG is a subsidiary of International Holding Company.
- The company said it has acquired a 60 percent stake in Vision Factory, one of the biggest furniture and joinery production facility in the UAE.
- The company has also taken a 45 percent stake in Decovision, a quality interior design and engineering services provider.