Saudi Arabia picks bidders for mining exploration sites
Riyadh, Saudi Arabia -- Saudi Arabia Wednesday announced preferred bidders in the fourth series of the licensing rounds conducted as...Business
UAE and India sign MoUs to deepen ties in renewable energy, healthcare
Abu Dhabi, UAE--The UAE Ministry of Investment has signed three memorandums of understanding (MoUs) with India, setting out frameworks for...Business
AD Ports 9M revenue up by 22 percent
The rise is attributed to volume growth, business diversification.EBITDA rose 7 percent year-on-year to AED1.161 billion during this period, up from AED 1.081 billion during the same period in 2020.
General cargo volumes rose to 37 million metric tonnes in year-to-date September 2021, up from 22 million metric tons in the same period in 2020.
Tadawul bars Anaam Holding from trading for one day
Tadawul, the Saudi Exchange, has barred Anaam International Holding Group from trading for one day, after an adverse comment in...Anaam will be able to resume trading for 20 trading sessions with the possibility of another suspension
The poultry processing company reported that its net losses widened by 525 percent in the nine months period of 2021
Yahsat of Abu Dhabi figures in MSCI’s global indices
Al Yah Satellite Communications Company (Yahsat) of Abu Dhabi has been included in MSCI’s global indices.Yahsat’s inclusion will be effective on December 1, 2021
The company began trading on the Abu Dhabi Securities Exchange (ADX) in July following its initial public offering (IPO)
Cham Wings halts Minsk flights
The airline cited the Belarus-Poland border crisis as a reason.Syrian airline stopped flying to Minsk due to the increasing tension of migrants moving to Poland
This, even as hundreds of migrants mostly from the Middle East remained trapped on the Belarus-Poland border
Gulf Air boosts frequencies
Passenger numbers have grown ahead of the holiday season.Bahrain’s national carrier Gulf Air has boosted frequencies to popular destinations
This is said to be in line with increasing demand for air travel and relaxed travel restrictions in many countries
UAE to list Salik toll system on Dubai Financial Market
The Dubai Securities and Exchange Higher Committee has decided to list Salik on Dubai Financial Market (DFM) in order to...The Salik toll system is one of Dubai’s premier infrastructure assets, with robust traffic volumes
The eight Salik toll gates, Al Barsha, Al Garhoud, Al Maktoum, Al Mamzar South, Al Mamzar North, Al Safa, Airport Tunnel and Jebel Ali, aim to reduce traffic congestion
Trade between Jordan and UAE grows to $891m in 2021
Trade between Jordan and the United Arab Emirates has grown to $891 million during the course of last year, and...The details of the growing economic ties between the two countries were shared by the prime minister of Jordan Bisher Khasawneh
He said the UAE has poured almost $17 billion into the Kingdom investments as it considered as one of the key partner in this regard
Top energy honchos to meet at Abu Dhabi CEO Roundtable
More than 30 top energy executives from around the world will come together at the 7th Abu Dhabi CEO Roundtable,...The industry leaders have been invited to the roundtable by Dr. Sultan Ahmed Al Jaber, United Arab Emirates (UAE) Minister of Industry and Advanced Technology
The participants will debate issues impacting the energy world and the outcome of the UN Climate Change Conference of the Parties (COP26)
Airbus recovers, Boeing reels
Boeing has endured a series of crises as Airbus recovers.Aviation sector is recovering from Covid-induced slump
Airbus will display the A321neo, its latest single-aisle plane, in Dubai
Emaar Properties and Emaar Malls to merge this month
Nearly eight months after the process was undertaken by the two companies, the merger of Emaar Properties with Emaar Malls...The two companies conveyed the decision to Dubai Financial Market on Thursday, after the companies received no objections and met all the conditions for the merger
This will be the second biggest such merger happening on DFM in the last 12 months
