MENA ups cybersecurity ante to combat GenAI risks
With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are...Business Tech & Media
ADX, AMAF introduce share donation facility to fund charitable causes
Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the...Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the exchange
Dividends from the donated shares, to be transferred to AMAF’s bank account by ADX, will be used to fund a wide range charitable causes
Aramex gets regulatory approvals to increase foreign ownership limit to 100%
The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the...The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the FOL
The move makes it first onshore UAE company listed on the Dubai Financial Market to allow for full ownership of its free-floating shares by foreign investors
Deals worth $6.8m signed in Gulf Print and Pack 2022
Deals worth over AED 25 million ($6.8m) were signed in the Gulf Print and Pack 2022 event (GPP) held at...Sales of machinery and equipment were the biggest contributors to the total
Vinsak and Heidelberg were the other exhibitors that confirmed making substantial sales
Menarini opens office in Dubai
The Italian pharma giant is looking at expansion in MENA.Specializing in pharma research and production, consumer healthcare, oncology and diagnostics, the move is part of the group’s planned expansion into the Middle East and Africa
The CEO of Menarini said the company could contribute to the country's 'visionary strategy'
With $22bn in bilateral trade, UAE-US economic ties set to grow
The UAE and US economic ties are expected to grow in healthcare, energy sustainability, space, and digital economy, with the...The US exports to the UAE touched $16.7 billion last year
Sebright said that the Business Council has been promoting the partnerships between the US and the UAE in space since day one of the UAE’s nascent space exploration program
Wall Street stocks rally first time in two months as inflation dips
Wall Street stocks rallied Friday following signs of moderating inflation, finishing with weekly gains for the first time in about...The Dow Jones Industrial Average climbed 1.8 percent, or about 575 points, to 33,212.96, a weekly increase of 6.2 percent
Friday's gains extend a rally that began Wednesday, reversing the battering stocks have encountered most of the year
UAE’s non-oil foreign trade surged to Dh527.5b in Q1-22
The minister added that the UAE's exports grew around 18 percent YoY to AED91 billion by end of Q1-22, noting...The minister added that the UAE's exports grew around 18 percent YoY to AED91 billion by end of Q1-22, noting that exports have doubled over the past five years
Dr. Al Zeyoudi explained that the UAE's non-oil imports grew 25 percent during Q1-22 to AED292 billion, with re-exports hitting AED144 billion
ADC to start trading on ADX
The firm was established by ADQ and Chimera Investment.Trading follows the conclusion of ADC's public subscription to retail and professional investors
The listing of ADC offers target businesses the opportunity to access capital in Abu Dhabi's capital markets
Dubai records $2.36 billion in weeklong real estate transactions
Dubai has recorded 2,884 real estate and properties transactions at the value of AED8.7 billion ($2.36 billion) in total during...Dubai Land Department said that 297 plots were sold for AED1.59 billion, as well as 2,116 apartments and villas for AED4.75 billion.
The total value of mortgaged properties for the week reached AED2.02 billion and 89 properties were granted between first-degree relatives worth AED413 million.
Gulf Print and Pack 2022 concludes, records deals worth $6.8m
The Gulf Print and Pack (GPP) 2022 concluded at the Dubai World Trade Centre, recording deals worth more than AED...GPP organisers said the decision to move from a four-day show in past editions to a three-day event in 2022 was vindicated with daily attendance increasing by 15 percent.
Sales of machinery and equipment were the biggest contributors to the total, with Canon closing over $2.5 million in sales and Kodak reporting in excess of $1 million.
