European stocks firm as markets await US inflation data
London, United Kingdom - Europe's main stock markets steadied Friday as traders reacted to more earnings updates from top companies, while...Business Economy
Etihad Atheeb 9M profit $47m
Higher revenues from various segments boosted profit.Company News Business
Saudi Top to list on Nomu
The company will list 880,000 ordinary shares via an IPO.According to a bourse filing, this represents around 22 percent of Riyadh-based Saudi Top’s share capital
The end price of the offering is expected to be determined once the book-building process for the offering has been completed
Saudi Arabia to host 3rd edition of Gulf Entrepreneurs Forum
The forum targets GCC entrepreneurs and business incubators and accelerators and financing institutions in GCC.The forum targets GCC entrepreneurs and business incubators and accelerators and financing institutions in GCC
Events of the forum include several meetings and sessions, including the experience of GCC states in incubating new businesses
Zain KSA shares go up
The stock rose after the transfer of its subsidiary to the PIF.The company, formally known as Mobile Telecommunication Co., will transfer 80 percent of its share capital to the acquirers upon completion of the deal
As per the offer with the PIF, the company will grant the sovereign wealth fund the right to buy the remaining 20 percent stake at a certain amount
Major Public Cloud providers help GCC revolutionize digital services, boost growth
Leading Public Cloud players are not only providing more choice to Gulf organizations but also offering them speed and data...Leading Public Cloud players are not only providing more choice to Gulf organizations but also offering them speed and data residency benefits, says an expert
Netskope has made significant investments in regional infrastructure, with data centers in the United Arab Emirates and Saudi Arabia, adds Rich Davis of Netskope
Sharjah Chamber joins Egyptian Chamber’s centenary event
The Sharjah Chamber of Commerce and Industry participated in the international conference to mark the 100th anniversary of the Egyptian...The Chairman of Sharjah Chambers Chairman met a number of officials from various Chambers of Commerce and Industry.
He also met with representatives of ministries and bodies concerned with economic affairs, unions, and economic organizations from different countries.
DEWA’s Jebel Ali plant enters Guinness World Records for second time
It was named as the Largest Single-Site Water Desalination Facility in the World by the Guinness World Records.The plant has the production capacity of 490 million Imperial Gallons of water per Day, which is equivalent to 2,227,587 Cubic Metres per Day.
DEWA aims to increase its SWRO production capacity to 303 MIGD by 2030, reaching 42 percent instead of its current share of 13 percent.
Finance Ministers of UAE, India discuss trade, economic ties
UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini met with India's Minister of Finance Nirmala Sitharaman...The meeting sought to discuss means of boosting mutual cooperation between UAE and India in areas of common interest.
The meeting deliberated the priorities set by India in its upcoming G20 presidency and the ways the UAE can support them.
Reliable Engineering opens plant
The production unit was inaugurated at Hamriyah Free Zone in Sharjah.The new facility, which covers an area of more than 150,000 sq feet, caters to the needs of the oil and gas, marine, and oil and wind farming sectors.
The production lines manufacture up to 500 metric tons of steel per month, by more than 160 employees and specialized technicians.
Dubai Customs issues authorization certificates to free zone companies
Dubai Customs provides the services and facilities to licensed companies in the free zones of the Emirate to boost investments...Dubai Customs facilitates procedures to determine the value of the goods imported by the free zone companies.
It provides services and facilities to licensed companies in free zones to boost investments and attract more investors.
Abu Dhabi Foreign Experts Court examines 200 cases
The Foreign Experts Court of the Abu Dhabi Judicial Department (ADJD) has managed to maintain high adjudication rates in the...The Foreign Experts Court has achieved a 90 percent disposition rate out of a total number of about 200 commercial cases.
The panel of the Foreign Experts Court consists of a single judge and two foreign experts.
