Business & Money | Sunday 6 April, 2025 10:19 am

Abu Dhabi Petroleum Products Trading Regulatory Committee convenes first 2025 meeting

The Abu Dhabi Petroleum Products Trading Regulatory Committee (TRC) convened its first meeting of 2025, headed by Dr. Saif Saeed Al Qubaisi, Acting Director-General of Regulatory Affairs at the Department of Energy, and attended by representatives from 21 federal and local government...

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Business & Money | Sunday 6 April, 2025 10:14 am

CBUAE revokes licence of Dynamics Insurance Brokers

The Central Bank of the UAE (CBUAE) has revoked the licence of Dynamics Insurance Brokers, pursuant to the Article 22 (2) of the Insurance Authority Board of Directors Resolution No. 15 of 2013 Concerning Insurance Brokerage Regulations. The revocation results from the findings of an...

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Business & Money | Sunday 6 April, 2025 10:10 am

2PointZero’s Maseera acquires Egypt’s ADVA

Maseera Holding for Financial Investments (Maseera), a portfolio company of 2PointZero, a transformational global investment platform and a subsidiary of International Holding Company (IHC), today announced the successful acquisition of ADVA, an innovative Egyptian consumer finance platform. This...

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Business & Money | Sunday 6 April, 2025 10:08 am

Dana Gas, Crescent Petroleum reach 500 MMboe cumulative production from Khor Mor field

Dana Gas and its partner Crescent Petroleum together with their partners in the Pearl Petroleum Consortium have announced that cumulative production from Khor Mor, Iraq’s largest non-associated gas field, has reached 500 million barrels of oil equivalent (MMboe), highlighting the level of...

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Business & Money | Sunday 6 April, 2025 10:06 am

Ministry of Finance announces issuance of Cabinet Decision on Qualifying Investment funds, Qualifying Limited Partnerships for purposes of Corporate Tax Law

As part of its continuous efforts to enhance the investment environment in the United Arab Emirates, the Ministry of Finance has announced the issuance of Cabinet Decision No. 34 of 2025 on Qualifying Investment Funds and Qualifying Limited Partnerships for the Purposes of Federal Decree-Law No. 47 ...

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Business & Money | Sunday 6 April, 2025 9:58 am

UAE participates in Global AI Summit on Africa in Rwanda

In line with the UAE’s vision to establish itself as a global hub for artificial intelligence and to strengthen international partnerships, the country participated in Global AI Summit on Africa, held in Kigali, Rwanda, from April 3 to 4. This reflects the UAE’s ongoing commitment to supporting ...

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Business & Money | Sunday 6 April, 2025 9:47 am

ACWA Power starts commercial ops at Uzbekistan's 2 wind power plants

ACWA Power Co. received notifications, on April 3, from the project companies of both the 500 megawatts (MW) Dzhankeldy Wind Farm and the 500 MW Bash Wind Farm in Uzbekistan, confirming the issuance of commercial operation certificates for their full production capacity, according to...

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Business & Money | Saturday 5 April, 2025 12:09 pm

Multiply Group, Al Arabia Outdoor Advertising to establish global investment entity in out-of-home advertising

Al Arabia Outdoor Advertising signs a Memorandum of Understanding with the media vertical of Multiply Group, the Abu Dhabi-based investment holding company, setting the stage for the creation of a joint entity dedicated to investing in the global out-of-home (OOH) advertising sector, strengthening...

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Business & Money | Saturday 5 April, 2025 12:06 pm

Dubai Land Department, Ajman Free Zones Authority partner to boost real estate investments

Dubai Land Department (DLD) and Ajman Free Zones Authority (AFZA) have signed a joint Memorandum of Cooperation to simplify pathways for companies registered in AFZA to secure freehold ownership of land and property, streamlining the registration process. The partnership supports efforts to enhance ...

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Business & Money | Saturday 5 April, 2025 12:05 pm

Takaful Emarat rebounds with 84 percent revenue growth, achieves AED960 million in assets

Takaful Emarat has announced a remarkable 45 percent increase in its total assets, reaching AED960 million for the fiscal year ending 31st December 2024, reinforcing the group's strengthened financial standing. The company recorded an 84 percent surge in revenues, reaching AED420 million in...

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