Business & Money | Saturday 30 September, 2023 3:07 am

UAE's EDGE acquires 50 percent stake in Brazil's SIATT

The UAE’s EDGE Group, one of the world’s leading advanced technology and defence groups, has announced the acquisition of a 50 percent stake in Brazilian smart weapons and high-tech systems specialist, SIATT. The acquisition deal was officially signed at SIATT's headquarters in the city of ...

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Business & Money | Saturday 30 September, 2023 12:58 am

CMA OKs View Real Estate 18.2% IPO on Nomu

The Capital Market Authority (CMA) approved on Sept. 28 registering and offering 600,000 shares, or 18.18% of View Limited Real Estate Development Co.’s capital on Nomu-Parallel Market, according to a CMA statement.   The IPO will be confined to qualified investors and the...

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Business & Money | Saturday 30 September, 2023 12:48 am

Italian Riviera-Inspired Dh250 Million ‘Samana Portofino’ Project Launched in Dubai Production City

Samana Developers, one of the fastest growing real estate companies according to Dubai Land Department data of Dubai developers, today launched a Dh250 million ‘Samana Portofino’ residential project in Dubai Production City, a popular freehold community alongside Sheikh Mohammed Bin Zayed...

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Business & Money | Saturday 30 September, 2023 12:22 am

NEOM and MB92 Group announces a yacht repair center at Sindalah

NEOM and leading superyacht maintenance company, MB92 Group, have announced a partnership to establish a 10,000 square-meter repair facility for yachts at NEOM’s luxury island and yachting destination on the Saudi water of the Red Sea, Sindalah.   The partnership aligns with the...

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Business & Money | Saturday 30 September, 2023 12:04 am

Tabby to set up HQ in Saudi Arabia ahead of Tadawul listing: Investment Ministry

The Ministry of Investment announced that Tabby, a leading fintech services provider in MENA, is set to establish its headquarters in the Kingdom ahead of listing its shares on the Saudi Exchange (Tadawul).   The ministry signed a memorandum of understanding today, Sept. 28, with...

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Business & Money | Friday 29 September, 2023 5:09 pm

Saudi Arabia in talks with major traditional car makers: Alkhorayef

Saudi Arabia is in talks with a major traditional car manufacturer, Asharq Al-Awsat newspaper quoted Minister of Industry and Mineral Resources, Bandar Alkhorayef, as saying.   Several car makers will enter the Saudi market, and the outcomes of these talks are expected to be...

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Business & Money | Friday 29 September, 2023 12:57 am

EVA Pharma to Obtain Over 50,000 sqm of Land for an Industrial Complex Investment in Saudi Arabia

EVA Pharma, one of the fastest-growing pharmaceutical companies in the Middle East and Africa (MEA) region, signed a contract today with the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, to attain a 50,517 sqm plot of land in Sudair City, for its state-of-the-art...

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Business & Money | Friday 29 September, 2023 12:54 am

BIG REVEAL: AZIZI DEVELOPMENTS LAUNCHES AZIZI VENICE IN DUBAI SOUTH

Azizi Developments, a leading private developer in the UAE, has just revealed its plans for Azizi Venice, its venetian-inspired luxury waterfront lifestyle community, set entirely within a swimmable crystal-blue water lagoon, in the rapidly growing Dubai South. The big reveal took place on...

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Business & Money | Friday 29 September, 2023 12:16 am

RAKEZ and ECI seminar equips exporters with strategies for international market success

Ras Al Khaimah Economic Zone (RAKEZ) teamed up with Etihad Credit Insurance (ECI), the UAE’s federal export credit company, to host an informative seminar on ‘Innovative Export Credit Solutions’. The partners aimed to equip businesses in the RAKEZ community, particularly those involved in...

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Business & Money | Friday 29 September, 2023 12:00 am

“Ports, Customs and Free Zone” wins “Innovation in the Maritime Industry” Award at the Logistics & Transport Awards 2023

The Ports, Customs and Free Zone Corporation won the prestigious “Innovation in the Maritime Industry” award at the Logistics & Transport Awards 2023, in recognition of its efforts in providing the best innovative solutions in the field of the maritime sector and keeping pace with latest...

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