Rotana announces the soft opening of Dar Rayhaan in Saudi Arabia
Abu Dhabi, UAE – Rotana, one of the leading hotel management companies in the region with over 100 properties in...Business Tourism
Sheikh Hamdan praises ADNOC’s efforts in using AI in production process
ABU DHABI, UAE - Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, said that under the...Business Energy Tech & Media
Emirates, flydubai among Boeing’s big customers at Dubai Airshow
Emirates, the Middle East's biggest airline, made the largest purchase with its $52 billion order for 55 Boeing 777-9s, 35...Budget carrier flydubai, owned by the Dubai government, ordered 30 Boeing 787-9s valued at $63 billion -- its first wide-bodied, or large-capacity planes as it plans to expand.
Last week Emirates Group announced record half-year net profits of $2.7 billion, up 138 percent from a year earlier, driven by strong demand.
Saudi pioneering solutions for water scarcity
The kingdom is forging partnerships with major corporations to revolutionize water technologies and achieve water self-sufficiency.Water scarcity is 500 cubic meters per capita, while Saudi Arabia's annual per capita share of water does not exceed 89.5 cubic meters.
The Saline Water Conversion Corporation has signed agreements with several major corporations to tackle water scarcity.
PIF to invest in Alkhorayef Petroleum, secure 25% shareholding
Riyadh, Saudi Arabia — The Public Investment Fund (PIF) has formally announced the signing of a share subscription agreement to...PIF secures a 25 percent shareholding in the oil and gas production optimization solutions provider, with Alkhorayef Group retaining the majority stake of 75 percent.
Alkhorayef Petroleum specializes in artificial lift, wireline services and equipment, as well as early production facilities.
ADIB lists $500m green sukuk on LSE
The bank marked the issuance of its $500 million green sukuk.London Stock Exchange has welcome ADIB’s listing, as the world’s first dollar denominated green sukuk.
This follows the bank’s recent successful listing of US$750 million AT1 perpetual sukuk.
Salik records $138m in Q3 revenue
This is the toll operator's highest Q3 revenue since 2007.The 14.6 percent year-on-year revenue growth was supported by a strong growth in tourism and residency.
Salik reported a net profit of AED255 million during the third quarter of 2023, up 5.3 percent against the prior year.
Sustainability in style: UAE’s couture goes green
The UAE is shifting from Western influences to eco-friendly practices in its apparel market. 2023 marks the nation's commitment to...In the UAE, environmentally friendly, competitively priced, stylish, and high-quality products are increasingly being offered by brands
They use organic cotton and other environmentally friendly materials like bamboo, hemp, and recycled polyester
Al Ghurair to use Oracle solution
This will help HR teams improve business operations.Through this strategic collaboration, Al Ghurair seeks to empower its employees through self-service capabilities.
Oracle Cloud HCM transforms the traditional functions of HR departments such as recruiting, training, payroll.
GA-ASI partners with EDGE
The pact is aimed at integrating smart weapons into MQ-9B.The partnership marks the first time that UAE-made smart weapons will be integrated into a US unmanned platform.
The EDGE smart weapons designated for integration include the DESERT STING family of GGWs and THUNDER family of cost-effective PGMs from HALCON.
Sharjah records real estate transactions worth US$980m in October 2023
SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate,...This reflects a substantial increase compared to September's real estate activity, where the trade volume reached $544 million.
The report underscored the confidence of clients in the emirate's real estate sector and its capacity to attract investors.
Dubai Taxi to sell 624 million shares in IPO, plans to list on DFM
Dubai, UAE -- Dubai Taxi Company Monday announced its intention to proceed with an Initial Public Offering (IPO) and to...The offering, representing 24.99 percent of Dubai Taxi Company's total issued share capital.
The share capital of the company, as at the date of the listing, has been set at AED100 million divided into 2.5 billion shares paid-in-full,
