Business & Money | Sunday 9 June, 2024 9:18 am

RAKEZ inks MoU with Indian Chamber of Commerce to boost UAE-India economic ties

 Ras Al Khaimah Economic Zone (RAKEZ) signed a Memorandum of Understanding (MoU) with the Indian Chamber of Commerce (ICC) to enhance business opportunities and foster economic growth between the UAE and India. The MoU was signed by RAKEZ Group CEO Ramy Jallad and ICC Regional Director...

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Business & Money | Sunday 9 June, 2024 8:46 am

Azizi Developments hits 61% sales for Azizi Venice

Azizi Developments, a leading private developer in the UAE, has announced having sold more than 61% of the units across its released buildings in its luxury mixed-use development, Azizi Venice, located in Dubai South.  Azizi Venice will comprise more than 30,000 residential units across...

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Business & Money | Sunday 9 June, 2024 8:44 am

Dubai Ranks First Globally in FDI for Cultural and Creative Industries 2023

Dubai has topped the Foreign Direct Investment (FDI) Index for cultural and creative industries in 2023, according to the 'fDi Markets' report by the Financial Times. This ranking reaffirms Dubai’s leadership and enhances its competitiveness as a global capital of the creative economy. The...

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Business & Money | Saturday 8 June, 2024 12:23 pm

MIE Events DMCC Announces Strategic Partnership with the International Exhibition of Pharmacy and Machinery (IEPM) for CTW Global 2024

MIE Events DMCC, the organizer of the successful CTW Global exhibition and summit, is thrilled to announce a strategic partnership with Al Madinah Al Dwala Exhibition and Conference Management (AMADEC) for the upcoming edition this year. This collaboration brings the International Exhibition of...

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Business & Money | Saturday 8 June, 2024 5:02 am

Hajj 2024 campaign prices lower than last year: Minister

Minister of Hajj and Umrah, Tawfig Al-Rabiah, said that the number of pilgrims who have arrived from outside the Kingdom to perform Hajj reached 1.2 million so far.   The minister added, during a press conference today, that the prices of Hajj campaigns this year are lower compared...

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Business & Money | Saturday 8 June, 2024 5:00 am

Housing Minister inaugurates Makkah Gate Suburb

Minister of Municipal, Rural Affairs, and Housing, Majid Al-Hogail inaugurated the Makkah Gate Suburb, the first urban suburb of the National Housing Co.’s (NHC) housing project in the holy city.   NHC stated that the suburb spans an area of over five million square meters (sqm)...

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Business & Money | Saturday 8 June, 2024 4:40 am

Saudia in talks with Airbus, Boeing for wide-body jets

Saudi Arabian Airlines (Saudia) is in talks with Airbus and Boeing over ordering wide-body jets to increase its capacity as planemakers face constraints in production slots of narrow-body aircraft, Abdullah Alshahrani, General Manager, Communication and Media Affairs, told...

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Business & Money | Saturday 8 June, 2024 4:38 am

NHC records highest evet sales of over SAR 3B in May: CEO

National Housing Co. (NHC) reported the highest sales on record in May of more than SAR 3 billion since the start of its projects, CEO Mohammed Al-Buty said in an interview with Al Arabiya.   Demand for the company's developed residential projects is on the rise. He noted that the...

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Business & Money | Saturday 8 June, 2024 4:33 am

Aramco sets final secondary offering price at SAR 27.25/shr

Saudi Aramco set the final price of its secondary offering at SAR 27.25 per share.   The announcement was made by SNB Capital, in its capacity as the lead manager, Citigroup Saudi Arabia, Goldman Sachs Saudi Arabia, HSBC Saudi Arabia, JP Morgan Saudi Arabia Company, Merrill Lynch...

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Business & Money | Friday 7 June, 2024 3:06 pm

ENOC Group’s marine lubricants business records 120% sales growth in Greek market

ENOC Group, a leading integrated global energy player, recorded a 120% growth within its marine lubricant business in Greece during the period of 2022 to 2023. Multiple agreements have contributed to this substantial increase over the last couple of years, which is aligned with the Group’s plans...

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