Business & Money | Monday 26 August, 2024 11:24 am

ADIHEX to launch 'badge for falcons' at upcoming edition

Under the directives of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) badge for falcons will be launched by ADNEC Group, in collaboration with the Abu Dhabi Falconers Club, for the 21st...

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Business & Money | Monday 26 August, 2024 10:59 am

UAE national carriers fly to 606 destinations as travel demand picks up

The UAE's national carriers are expanding their destinations, driven by the country's strong global tourism and business reputation and the resurgence in travel demand. The General Civil Aviation Authority (GCAA) projects passenger traffic to reach 140 million, reflecting the ongoing growth and...

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Business & Money | Monday 26 August, 2024 10:44 am

Mubadala co-invests in UCB's mature business in China

Mubadala Investment Company announced today that in partnership with CBC Group, Asia's largest healthcare-dedicated asset management group, it has acquired 100% ownership in the carve-out of UCB Pharma’s mature business in China. UCB, a global biopharmaceutical company headquartered in...

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Business & Money | Monday 26 August, 2024 10:36 am

UAE non-oil foreign trade continues to set new milestones: Thani Al Zeyoudi

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that the UAE has placed foreign trade at the centre of its economic agenda, recognising its pivotal role in driving industrial output, enhancing the global competitiveness of its products and services, as well as...

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Business & Money | Monday 26 August, 2024 10:21 am

Azizi Developments, Larsen & Toubro join forces across various Dubai projects

Azizi Developments, a leading private developer in the UAE, has announced its partnership with Larsen & Toubro, the multinational conglomerate, for the supply of top-tier MEP isolators across various projects in Dubai South, MBR City, Dubai Studio City, Al Furjan, Dubai Sports City, and Dubai...

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Business & Money | Monday 26 August, 2024 10:16 am

Saudia Announces Addition of Phuket to Seasonal Destinations

Saudia, the national flag carrier of Saudi Arabia, is pleased to announce the addition of Phuket to its seasonal destinations, making it the second city in Thailand to join its network, following the capital, Bangkok. This expansion aligns with Saudia’s strategic objective to broaden its...

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Business & Money | Monday 26 August, 2024 10:08 am

Saudi Arabia launches Phase I of Riyadh Parking Project

The Riyadh Municipality launched Phase I of the Riyadh Parking Project that is aimed at enhancing the quality of life in the Saudi capital through organizing public parking spaces and developing smart and innovative solutions to reduce incorrect and random parking practices. The initiative...

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Business & Money | Monday 26 August, 2024 10:05 am

Savola shareholders approve SAR 6B rights issue

Savola Group’s shareholders approved increasing capital via a SAR 6 billion rights issue, during the extraordinary general meeting (EGM) on Aug. 25, according to a statement to Tadawul. Capital Increase DetailsCurrent CapitalSAR 5.339 blnCurrent Number of Shares533.98 mlnNew CapitalSAR...

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Business & Money | Monday 26 August, 2024 9:42 am

2P bags SAR 86M project with Ministry of Health

Perfect Presentation for Commercial Services Co. (2P) was awarded a project by the Ministry of Health to operate and maintain the digital infrastructure of 48 hospitals in the central region at a total value of SAR 85.96 million, including VAT, according to a statement to Tadawul. The contract ...

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Business & Money | Monday 26 August, 2024 9:32 am

Saudi Electricity secures $4B credit facility

Saudi Electricity Co. (SEC) signed today, Aug. 25, a $4 billion (SAR 15 billion) joint revolving international credit facility agreement, the company said in a statement on Tadawul. The financiers include Abu Dhabi Commercial Bank (ADCB), Bank of America Europe, First Abu Dhabi Bank (FAB),...

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