Search Site

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Lulu’s IPO raises $1.72bn

The proceeds make it the largest UAE IPO of 2024 to date.

DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

ADNEC to acquire ‘Royal Catering’

Royal Catering has more than 2.500 employees.

GCC Unified Military Command’s headquarters opens in Riyadh

GCC secretary-general Nayef Al Hajraf.
  • The opening was also attended by GCC defense ministers, and GCC Secretary General Dr. Nayef Falah Mubarak Al-Hajraf
  • Al-Hajraf said the opening of the UMC comes as a message of peace and determination to protect the GCC security and stability

The headquarters of the GCC Unified Military Command (UMC) was opened in Riyadh on Monday under the patronage of the crown prince Mohammed bin Salman bin Abdulaziz. 

The opening was attended by Saudi Deputy Minister of Defense, Prince Khalid bin Salman bin Abdulaziz, GCC defense ministers, Commander of the GCC Unified Military Command Lieutenant-General Eid bin Awad Al-Shalawi and GCC Secretary General Dr. Nayef Falah Mubarak Al-Hajraf. 

Al-Hajraf said the opening of the UMC comes as a message of peace  and determination to protect the GCC security and stability, adding the Command would be a deterrent against any foreign threat. 

In an inaugural speech, Al-Shalawi thanked the GCC Ministers of Defense for honoring the occasion and extended congratulations to its staff on the success of the joint GCC defense work process.

At the end of the ceremony, the Deputy Minister of Defense unveiled the commemorative plaque for the opening of the headquarters, with the Commander of the GCC Unified Military Command hoisting the flag of the Unified Military Command.