Business & Money | Friday 10 November, 2023 1:41 am

Asteco Q3 2023 Real Estate Report Highlights Ongoing Momentum in the UAE Market with Launch of New Projects

The Q3 2023 real estate report by Asteco, the UAE’s leading full service Real Estate company, highlights that Abu Dhabi's residential sales market is poised for an anticipated growth in the coming months, while Dubai’s real estate landscape remains marked by an ongoing momentum,...

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Business & Money | Friday 10 November, 2023 1:09 am

Abu Dhabi International Boat Show 2023 Takes to the Water

East Pipes Integrated Company for Industry signed today, Nov. 9, a supply contract worth more than SAR 440 million (VAT inclusive) with Saudi Arabian Oil Co. (Saudi Aramco), according to a statement to Tadawul.   Under the contract, the company will manufacture and supply steel pipes ...

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Business & Money | Friday 10 November, 2023 1:08 am

RAKEZ recognises channel partners for exceptional achievements

Ras Al Khaimah Economic Zone (RAKEZ) celebrated the remarkable accomplishments of its valued channel partners at the ‘RAKEZ Hall of Fame Awards’ ceremony. This gala event marked a night of recognition and appreciation for the vital role played by the partners in RAKEZ's ongoing...

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Business & Money | Thursday 9 November, 2023 5:44 pm

2nd Saudi Airport Exhibition to double in size as the Kingdom continues impressive aviation transformation

The 2nd edition of the Saudi Airport Exhibition (SAE) is all set to be another highly successful B2B platform when it opens its doors for a two-day run on December 19 at the Riyadh International Convention and Exhibition Center (RICEC) with over 250 global companies expected from over 50 countries...

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Business & Money | Thursday 9 November, 2023 3:31 pm

PIF investments ‘game changer’ in Africa: Al Falih

The Public Investment Fund (PIF) views Africa with “great interest,” Minister of Investment Khalid Al Falih said at the Saudi-Arab-African Economic Conference.   “I believe they will be in due course making some game-changing announcements about their intent to invest in...

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Business & Money | Thursday 9 November, 2023 10:38 am

Al-Othaim Investment announces the launch of Al-Othaim Company for Development, Research and Artificial Intelligence

Company announced the launch of Al-Othaim Company for Development, Research and Artificial Intelligence, indicating that this is in line with the Kingdom's Vision 2030 to achieve a comprehensive digital transformation in the country. She added in a statement that the launch of Al-Othaim...

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Business & Money | Thursday 9 November, 2023 9:57 am

Arabian Pipes board nulls capital hike proposal

Arabian Pipes pointed out that the cancellation was based on a tangible improvement in the company's financial position and the availability of sources capable of financing its businesses. There are no costs or changes related to the recent decision, the statement noted. On July 17, 2022, ...

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Business & Money | Thursday 9 November, 2023 9:33 am

Dubai Airshow to advance talent and localisation through NextGen and 'Make it in the Emirates' features

With the dynamic convergence of NextGen Leaders and the "Make it in the Emirates" features, this year's Dubai Airshow 2023 promises to be a game-changer, driving transformative change across the aerospace and defence industries. During the mega event, NextGen Leaders will inspire and empower...

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Business & Money | Thursday 9 November, 2023 9:30 am

Aramex reports revenues of AED 1.35 billion for Q3 2023

In the third quarter of 2023, Aramex sustained its performance with Group revenues amounting to AED 1.35 billion. This represents a moderate 5 percent year-on-year (YoY) decline, attributed to currency fluctuations, macroeconomic challenges, and subdued global retail activity in certain markets.The ...

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Business & Money | Thursday 9 November, 2023 9:24 am

PIF raises stake in Aston Martin: Report

Aston Martin said today, Nov. 8, that Saudi Arabia’s Public Investment Fund (PIF) increased its stake in the carmaker by 2.6 percentage points to 20.5%, Reuters reported. The Kingdom’s sovereign wealth fund will be the second largest shareholder in the British luxury...

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