Business & Money | Sunday 7 July, 2024 8:00 am

59% growth of Abu Dhabi non-oil GDP in 10 years

The Abu Dhabi Department of Economic Development (ADDED) organised, in collaboration with the Abu Dhabi Investment Office (ADIO), the third edition of Al Multaqa quarterly meetings, presenting the business community with recent updates on the Emirate’s economy and achievements in the first half...

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Business & Money | Friday 5 July, 2024 10:54 am

Batic Law Participates in SelectUSA Summit and Signs MOU with Tate Bywater

Batic Law is proud to announce its participation in the SelectUSA Investment Summit, the premier event for business investment in the United States. This summit is a critical platform that connects investors, companies, and economic development organizations (EDOs) to facilitate significant...

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Business & Money | Friday 5 July, 2024 10:40 am

PIF signs MoU to invest $500M in Hong Kong-listed ChaoShang

The Public Investment Fund (PIF) signed on July 4 a memorandum of understanding (MoU) with Hong Kong-listed ChaoShang Group for a potential $500 million investment.   In a statement, ChaoShang said the total investment comprises of $100 million in five-year convertible debenture and...

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Business & Money | Friday 5 July, 2024 10:26 am

Every military direct job adds 5 others: SAMI

Walid Abukhaled, CEO of Saudi Arabian Military Industries (SAMI), said every direct job in the Saudi military industries sector contributes to adding five indirect others supporting the economy, Al Eqtisadiah newspaper reported.   He added that the entry of new companies into the...

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Business & Money | Friday 5 July, 2024 1:47 am

Abu Dhabi Securities Exchange (ADX) Welcomes Secondary Listing of Inaugural ADQ $2.5 Billion Bond

Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today the secondary listing of the Abu Dhabi Development Holding Company’s (ADQ) $2.5 billion bond, first listed on the London Stock Exchange (LSE) in April 2024. The dual tranche bond, comprising a...

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Business & Money | Friday 5 July, 2024 12:55 am

The Ajman Department of Finance Participates in the 30th Annual Reserve Management Seminar

The Ajman Department of Finance, represented by Jassim Bu Osaiba, Director of the Department's Internal Audit Office, participated in the 30th edition of the Annual Reserve Management Seminar, hosted by UBS Swiss Bank in Zurich, Switzerland. The seminar is considered one of the leading global...

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Business & Money | Thursday 4 July, 2024 10:01 am

Dar Almarkabah inks SAR 24M contract with Investment Ministry

Dar Almarkabah for Renting Cars Co. signed, on July 3, a car rental services contract with the Ministry of Investment, at a total value of SAR 24 million (including VAT). In a statement to Tadawul, the company said that the deal covers providing...

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Business & Money | Thursday 4 July, 2024 9:58 am

BinDawood, Regional Group ink MoU for franchise rights in Qatar

BinDawood Holding Co. signed a non-binding memorandum of understanding (MoU) with Regional Group Co., granting it commercial franchise rights to open eight BinDawood branches in Qatar. In a statement to Tadawul, the company said that the MoU has a duration of 12 months, expecting a...

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Business & Money | Thursday 4 July, 2024 9:48 am

PCFC announces launch of the Laboratory Information Management System (LIMS) for the EHS Central Laboratory

The Ports, Customs, and Free Zone Corporation, represented by the Planning and Development Department - Trakhees, has announced the launch of the Laboratory Information Management System (LIMS) at the central laboratory for Environment, Health, and Safety Department within the corporation. This...

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Business & Money | Thursday 4 July, 2024 9:38 am

MAG Partners with MANTRA to Tokenize $500 Million in Assets, Marking a UAE Milestone for Real Estate

 In a significant move in the global tokenized real world asset sector, MAG, a leading real estate developer in the UAE, announced a major partnership today with MANTRA, the Institutional-grade Layer 1 blockchain for tokenized RWAs, which will see the tokenization of half a billion US...

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