DEWA records 12.5 million digital transactions in 2023
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that its customers conducted around 12.5 million digital transactions in...Business Energy
Record-breaking home sales in Dubai’s upscale market in 2023
Dubai, UAE – Sales of properties worth more than $1.35 million and $2.70 million in Dubai hit record levels in 2023,...Business
National Bonds ups stake in Taleem
Taleem Holdings is one of the largest education providers in the Middle East.National Bonds increased the stake in Taaleem, a company with paid-up capital of AED 750 million, from 19.6 percent to 23 percent.
By end of Q3 2021, National Bond's investment portfolio has grown by more than 32 percent to surpass AED 10 billion ($2.72 billion).
ADNIC nine-month profit at $90m
Its profit in the first nine months last year was $77 million.ADNIC’s overall premium retention ratio reached 33.5 percent for the nine months of 2021
This was in comparison with 32.7 percent for the same period last year
Toshiba to split business
New units to focus on infrastructure, devices, semiconductor memoryThe Nikkei business daily said the three units would focus on infrastructure, devices and semiconductor memory
The Nikkei noted that splitting up conglomerates had been a successful strategy for some firms in the United States, including Hewlett-Packard
39% of Sub-Saharan Africa firms lack anti-bribery controls: survey
The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA.The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA
More than 23 percent of the organisations have fallen victim to bribery and corruption over the past five years
Where do Arab countries stand on fintech?
Financial technology, or fintech, automates and improves the delivery of financial services.Making technology an essential subject in educational curricula in schools is important to advance fintech in Arab countries
Arab Bank and the National Bank of Kuwait have the best technologies in fintech and online banking
Virgin continues space ticket sale
The current fare is $450,000 per seat.Virgin Galactic has sold around 100 tickets since flying its founder Richard Branson to space earlier this year
In total, the company has now sold 700 space tickets, according to a spokesperson
Iran, Oman discuss ways to promote private sector and medical tourism
Oman and Iran have discussed ways to promote trade relations between the private sector in the two countries as well...The talks were held on the sidelines of the 5th International Conference on Health in Islamic Countries, in Tehran.
Iran-Oman Virtual Expo launched in late September by the Iran-Oman Joint Chamber of Commerce 'has been well received'.
AlUla will become top tourist destination: French ambassador
Ludovic Pouille, French ambassador to Saudi Arabia, believes that AlUla Governorate will become one of the top international tourist destinations...He also expressed admiration of what he saw during his third visit to AlUla this year, referring to its nature and developments
The ambassador noted that the two countries cooperate in the field of agriculture and environment employing innovative techniques and methods to face the climate change
AD Ports subsidiary forays into construction logistics market
MICCO Logistics, a subsidiary of AD Ports, has shown interest in tapping into the construction and metals manufacturing sector by...The acquisition, with a combined transport capacity of more than 2,300 metric tonnes, will expand the company’s existing ground fleet of more than 400 vehicles
The new tipper fleet will be fully equipped with pre-installed fleet management systems
Emaar Malls Q3 net profit $122m
The profit is 86 percent more than that of Q3 2020.The revenue rose to 1.14 billion dirhams from 839 million dirhams in the same period last year.
Occupancy at key assets of Emaar was 91 percent during the quarter.
