Bahrain Steel raises $450m SLL
The company produces and supplies high-grade iron ore pellets.Company News Business
ACWA Power to enter Saudi Arabia’s main market from Oct. 18
Riyad-based ACWA Power will enter Saudi Arabia’s main market from the start of trading on Oct.18 and also join the...After debut on the Saudi exchange, ACWA shares jump by 30 percent.
ACWA Power is selling an 11.1 percent stake at SR56 ($14.93) per share. It is the third-largest listing on the bourse.
UAE and Italy’s export credit agencies review progress of joint initiatives
Etihad Credit Insurance (ECI), the UAE Federal export credit company, and SACE, the Italian export credit company (CDP Group), have...Etihad Credit Insurance chief says significant gains made in Halal-certified businesses.
The two sides explored how they can help boost the flow of goods, services and investment capital worldwide.
‘No Time to Die’ wastes no time topping US box office
The latest installment in the James Bond movie franchise shot straight to number one in North America's box office on...The movie shot straight to number one in North America's box office on its opening weekend, netting $55.5 million
The latest James Bond film sees Ian Fleming's spy hero dragged out of retirement to face off against old foes Blofeld, the criminal network SPECTRE and Safin
Is Binance moving headquarters to Dubai?
The world’s largest cryptocurrency exchange recently registered three companies in Ireland and is currently setting up several regulatory companies worldwide....Binance CEO Changpeng Zhao, according to sources, may move the operations of the world’s largest cryptocurrency exchange from Seychelles to the UAE city.
The cryptocurrency exchange is banned by several governments, while other countries are open to investigations into allegations such as market manipulation
IHC of Abu Dhabi acquires 51 percent of Bin Suhail Group to form beauty joint venture
International Holding Company (IHC), Abu Dhabi conglomerate, has agreed to acquire 51% of Bin Suhail Group through a subsidiary to...IHC subsidiary Multiply Group, owner of beauty brands such as Bedashing, will merge with Bin Suhail Group
The joint venture will operate under newly-established Omorfia Group, in which IHC will own a controlling 51% stake
World’s first Warner Bros. hotel to welcome guests in November on Yas Island
Miral in collaboration with Warner Bros. announced today that The WB Abu Dhabi hotel on Yas Island, operated by Hilton...Visitors can stroll through the lobby or admire 360-degree city and sea views alongside their favorite props and costumes from Warner Bros. films and TV shows
And kids and families can ring up one of their favorite Looney Tunes characters for a room service treat brought to them by the Wascally Wabbit, Bugs Bunny himself
Air traffic in UAE leaps up 24.5% in September as thousands flock to Expo 2020
The General Civil Aviation Authority (GCAA) has announced that the average aviation activity in the country rose from 1,238 flights...Saif Mohammed Al Suwaidi, Director General, said that the aviation activity in the UAE witnessed a significant increase prior to the Expo 2020 Dubai
The GCAA's report also showed the country’s national carriers travel to 108 countries, benefitting from the logistical services provided by ten registered airports
$2bn Arada project in new phase
Arada has launched the second residential phase of Masaar.The new phase is called Kaya and is located within the Al Suyoh district of Sharjah
The new phase is said to containing 421 townhouses and villas
Oman’s pavilion draws visitors eager to learn about investment in the country
More than a hundred thousand people paid visit to Oman’s pavilion in the first nine days of Expo 2020, according...Over 12,400 people visited the pavilion daily, a figure considered "an excellent indicator" during the first week of the mega event
People were briefed about the country’s investment opportunities and were shown displays of modern technologies and sound management
Post merger, Emaar Properties and Emaar Malls form a single company
Shareholders of Emaar Properties have approved the merger of the company with Emaar Malls, according a bourse filing.Shareholders also approved during the General Assembly on Sunday the proposal to increase Emaar Properties’ share capital to $2.2 billion
Emaar Malls’ net profit reached 622 million dirhams during the first six months of 2021, up by 80 percent from 345 million dirhams during the same period in 2020
