Business & Money | Friday 8 March, 2024 7:08 am

ADCB approves cash dividends of AED0.56 per share amounting to AED4.099 bn

Abu Dhabi Commercial Bank (ADCB) has approved the Board of Director’s proposal to distribute a cash dividend of AED0.56 per share, translating to a total pay-out of AED4.099 billion equivalent to 50% of the Net Profit in 2023. This came as the ADCB today held its physical-cum-virtual 40th...

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Business & Money | Friday 8 March, 2024 6:49 am

AWPT subsidiary secures SAR 536M credit facilities from Al Rajhi Bank

Alkhorayef Water and Power Technologies Co. (AWPT) obtained SAR 536 million worth of Shariah-compliant credit facilities from Al Rajhi Bank for one of its subsidiaries, Package 6 Company for Environmental Services — a limited liability company, according to a statement to Tadawul today, March...

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Business & Money | Friday 8 March, 2024 6:44 am

Aramco says no impact on business due to 8% stake transfer to PIF portfolios

Saudi Arabian Oil Co. (Saudi Aramco) said the state remains the majority shareholder in the oil giant with 82.186% ownership following the transfer of 8% of the former's issued shares to wholly-owned portfolios by the Public Investment Fund (PIF). This is a private transfer where Aramco...

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Business & Money | Friday 8 March, 2024 1:41 am

RAKEZ welcomes diverse global delegations in a strong start to the year

Ras Al Khaimah Economic Zone (RAKEZ) noted a dynamic start to the year, having already hosted a dozen high-profile international delegations and business councils. These visits underscore RAKEZ’s growing appeal as a leading destination for investment and economic...

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Business & Money | Thursday 7 March, 2024 1:02 pm

Inaugural Saudi Signage Expo draws thousands of attendees on the opening day,

The first edition of Saudi Signage Expo was inaugurated by Naif Abdullah Al Rajhi, Vice Chairman of the Board of Directors of the Riyadh Chamber following a ribbon-cutting ceremony at the Riyadh International Convention & Exhibition Centre (RICEC). In its inaugural year, the event is the...

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Business & Money | Thursday 7 March, 2024 12:59 pm

Media Rotana Supports Inclusion at the Al Noor Superhero Walk

Media Rotana, Dubai proudly joined the esteemed “Al Noor Superhero Walk for Inclusion" a walk for Inclusion organized by Al Noor Rehabilitation and Welfare Association for People of Determination. This significant event aimed to integrate and empower individuals with determination, drawing...

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Business & Money | Thursday 7 March, 2024 12:11 pm

MEFMA Seminar Highlights Trends and Innovations in Kuwait's Facilities Management Market

The Middle East Facility Management Association (MEFMA) hosted the "MEFMA Seminar" at Kuwait University - Shadadiyah on March 5, 2024, with the goal of showcasing the innovations and trends in the Kuwaiti facilities management market. With the support of Vision 2035 plans, expansion in current...

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Business & Money | Thursday 7 March, 2024 10:22 am

Biannual Automechanika Dubai Network gathers regional automotive experts to highlight the role of remanufacturing

Automechanika Dubai, the MEA region’s largest international trade exhibition for the automotive aftermarket industry, held the biannual Automechanika Dubai Network this week, gathering speakers and international experts to discuss the topic of remanufacturing in the automotive...

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Business & Money | Thursday 7 March, 2024 9:41 am

NWC distributes +9.7 million m3 of water per day to all regions of the Kingdom

The National Water Company (NWC) has finalized its preparations for the holy month of Ramadan. The company will distribute more than 9.7 million cubic meters per day to all regions and cities in the Kingdom. The aim is to provide the maximum amount of water possible to the people in the regions and ...

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Business & Money | Thursday 7 March, 2024 9:33 am

MOHAMMED BIN RASHID AEROSPACE HUB AND TIM AEROSPACE BREAK GROUND ON ONE OF THE REGION’S LARGEST MRO HANGARS

The Mohammed bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai dedicated to the advancement of the aviation industry, and Tim Aerospace broke ground on its new hangar at Dubai South. The new facility will be built with the maximum allowed design dimensions, making it one...

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