Business & Money | Saturday 30 December, 2023 12:41 am

Industry Ministry resumes red sand exports from Eastern Province mining complex

The Ministry of Industry and Mineral Resources resumed the exports of red sand (sand dunes) from the licensed mining complex in Ghunan, the Eastern Province.   In a statement, the ministry added that this marks the first stage of resuming sand and gravel exports from several licensed ...

More Details

Business & Money | Saturday 30 December, 2023 12:39 am

Alstom signs over EUR500M contract for AlUla tramway with RCU

France-based global rail transport company Alstom signed a contract valued at more than EUR 500 million with The Royal Commission for AlUla (RCU) to build the AlUla tramway.   The tram route is battery powered.   The low-carbon AlUla tramway will have 20 trains running ...

More Details

Business & Money | Saturday 30 December, 2023 12:36 am

Giza Systems plans $140M investments in Saudi Arabia; to enter Oman, Kuwait in 2024

Egypt-based Giza Systems Co. is planning $200 million investments next year, of which $140 million, or 70% of the company’s investments, will be injected to boost the company’s presence in Saudi Arabia, Chairman Osama Sorour told Asharq News.   Giza Systems pumped $450 million...

More Details

Business & Money | Saturday 30 December, 2023 12:16 am

e& ends discussions to up stake in Mobily

Abu Dhabi-listed telecom operator e& announced terminating discussion on a possible increase in its holding in Etihad Etisalat Co. (Mobily). The UAE’s telecom giant decided not to pursue the potential transaction.   In March 2022, Mobily said e& approached to discuss...

More Details

Business & Money | Friday 29 December, 2023 3:02 am

Bahri Logistics Partners with Saudi Arabia Railways to Provide International Freight Forwarding Services

Bahri Logistics, a global leader in logistics and transportation and one of the six business units of Bahri, has entered into an international freight forwarding service agreement with Saudi Arabia Railways (SAR). SAR is the owner and operator of the railway networks in Saudi Arabia, which...

More Details

Government | Friday 29 December, 2023 2:28 am

DC4All: An Integrated Legal Platform Serving a Diverse Community with Distinguished Judicial Services

In a move that marks a significant milestone, Dubai Courts has launched ‘DCAll’, an all-encompassing array of legal and judicial services designed to cater to a multicultural populace. This initiative stands as a powerful testament to Dubai Courts’ forward-thinking approach in delivering a...

More Details

Government | Friday 29 December, 2023 1:58 am

Dubai Customs' Operation ‘Wheelhouse’ Thwarts Smuggling of 234.68 Kilograms of Hashish

In a ground-breaking operation dubbed ‘Wheelhouse’, Dubai Customs intercepted the smuggling of 234.68 kilograms of narcotics, specifically hashish. The operation, carried out at the Dubai Creek and Deira Wharfage Customs Center, stopped a wooden ship that raised suspicion upon arrival to the...

More Details

Business & Money | Friday 29 December, 2023 1:55 am

Construction in steady progress on DAMAC’s Safa TWO de GRISOGONO luxury tower

DAMAC Properties, a leading luxury real estate developer in the UAE, has announced construction updates for its prestigious branded tower Safa Two de GRISOGONO.    The renowned property developer has revealed a phase-by-phase timeline on works for the upcoming project with an...

More Details

Business & Money | Friday 29 December, 2023 1:49 am

Samana Developers Surpasses Expectations in 2023, Sets Ambitious Target of Dh8 Billion in 2024

Amid Dubai's unprecedented growth in real estate transactions, Samana Developers proudly reflects on a year of extraordinary accomplishments in 2023. The developer has surpassed the target of Dh3.3 billion in sales in 2023. Dubai's status as a global destination for living, working, and...

More Details

Business & Money | Friday 29 December, 2023 1:30 am

GCC inks free trade agreement with South Korea

The Gulf Cooperation Council (GCC) signed a free trade agreement with South Korea, a step toward achieving Gulf economic integration and strengthening economic and trade relations between the two sides. GCC Secretary-General Jasem AlBudaiwi and South Korean Trade Minister Ahn Duk-geun signed a ...

More Details