Business
Aldar partners with Nobu to develop luxury hotel on Saadiyat Island
Abu Dhabi, UAE— Aldar Properties has partnered with Nobu Hospitality to launch a new luxury hotel, branded residences, and a...
- The agreement will see Aldar develop the 5-star hotel featuring 165 luxurious guest rooms and suites, including the stunning rooftop Nobu Villa
- The planned development includes the first branded Nobu Residences in the Middle East and the second worldwide, offering high-end, multi-bedroom sea view residences
Economy
Kuwait Central Bank Issues Bonds, Tawarruq worth $792 million
The new securities bear a maturity term of six months and a return rate of 4.25 percent.
- The new securities bear a maturity term of six months and a return rate of 4.25 percent.
- Earlier on November 2, the Central Bank of Kuwait held its policy rate at 3 percent
Business
Americana revises timetable for concurrent dual listing on ADX, Saudi Exchange
The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively.
- The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively
- The institutional offer was oversubscribed 65.5x, resulting in an aggregate oversubscription level of 58x
Geostrategy
European Education Area to take EU-UAE learning cooperation to the next level, says top official
It will open opportunities for Emirati youth to study in European Union, further strengthening the existing people-to-people ties, adds Margaritis...
- The European Education Area offers a potential multi-level cooperation between the European Union and the United Arab Emirates, said a top EU official
- It will open opportunities for Emirati youth to study in European Union, adds Margaritis Schinas, adds VP of the European Commission for “Promoting Our European Way of Life”
Geostrategy
Islamic nations seek to turn crisis into opportunity with enhanced relations, trade amidst recession fear
At the 38th Ministerial Session of COMCEC, leaders of Islamic countries discuss ways to enhance bilateral and trade relations to...
- At the 38th Ministerial Session of COMCEC, leaders of Islamic countries discuss ways to enhance bilateral and trade relations to help region and the world evade recession
- The agenda of the ministerial COMCEC committee meeting includes improving transport & communications and developing sustainable & competitive tourism sectors
Science
In Hawaii world’s largest volcano erupts for first time in decades
Hawaii's Mauna Loa, the largest active volcano in the world, has erupted for the first time in nearly 40 years,...
- Mauna Loa has been showing signs of building to an eruption for years, according to the USGS.
- The USGS which said the ongoing eruption was visible from Kona, a town on the west coast of Hawaii's main island some 72 kilometers from the volcano.
Business
Etihad Airways and Garuda expand combined offerings to 42 destinations
Abu Dhabi, UAE----UAE's national carrier Etihad Airways and Garuda Indonesia, the national flag carrier of Indonesia, will nearly double the...
- The destinations across the Indonesian archipelago, South East Asia, Middle East, US and Europe were doubled after the two partners expanded their 2012 codeshare pact.
- They also offer reciprocal miles accrual and redemption opportunities to members of Etihad Guest and GarudaMiles across both airlines' networks.
Science
UAE’s health and prevention ministry launches National Nutrition Strategy 2022-2030
DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) has launched the National Nutrition Strategy 2022-2030 to establish sustainable...
- National Nutrition Strategy comes as part of MoHAP’s ongoing efforts to support the UAE’s visions aimed at improving the health of younger generations.
- The strategy was launched during an event hosted by the ministry at the Etihad Museum.
Business
Kazakhstan eyes energy takeovers after blackouts, ‘mismanagement’
ALMATY, KAZAKHSTAN - Kazakhstan warned Monday it could nationalize struggling energy companies in the oil-rich Central Asian country after the...
- Kazakhstan is a net exporter of energy, but high gas prices this year fueled historic and bloody protests.
- Last month, Kazakh authorities said 65 percent of regional electricity networks needed repair.
Business
ADIB enables digital solutions to support UAE IPOs’ push
ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB) announced that its retail customers were able to conveniently participate in...
- ADIB said that 80 percent of clients subscribed to IPOs that were issued in 2022 through ADIB Mobile app.
- ADIB is providing a quick and easy end-to-end process for IPOs subscriptions through mobile app.
Company News
Latest News
Mumtalakat, Investcorp ink pact
Business
Cisco identifies major AI trends for 2024
DUBAI, UAE – Developments in Artificial intelligence (AI) have been impacting businesses, governments and economies across the world. Advancements in...
Business
Vodafone Qatar 2023 profit up
The 2023 net profit of Vodafone Qatar increased to $148 million.
Business
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Business
Dubai wins right to host 349 business event in 2023
DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city...
- Driven by Dubai Business Events, the wins reflected a robust 49 percent increase in successful bids compared to 2022.
- DBE brought a citywide offering to the global market that resonated with the core needs of the business events industry.
Business
Dubai real estate market records $925 million in daylong transactions
Dubai, UAE -- Dubai's real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210...
- The sales included 446 villas and apartments worth AED949.04 million, and 64 land plots worth AED411.67 million.
- On Monday, emirate recorded 715 sales transactions worth AED2.28 billion, in addition to 201 mortgage deals of AED993.9 million.
Business
Alef Group announces US$84m sales transaction at ACRES 2024
SHARJAH, UAE - Alef Group concluded its participation in the ACRES Real Estate Exhibition 2024 with resounding success, generating significant...
- ACRES Exhibition is a unique global Arab platform which brings together major investors and businessmen.
- This is evident in the success achieved by the ACRES over its successive sessions since its launch in 2008.