Business & Money | Wednesday 29 November, 2023 11:42 am

Universal Islamic Food Industries invests AED 150M in Ras Al Khaimah

Universal Islamic Food Industries (UIFI) a Kuwaiti based group of companies has  has set up a new massive manufacturing unit in  Ras Al Khaimah with an investment of around AED 150 million. This modern, state-of-the-art facility, located in the Al Hamra Industrial Zone, extends over an...

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Healthcare | Wednesday 29 November, 2023 11:41 am

Cleveland Clinic Abu Dhabi demonstrates strong commitment to sustainability ahead of COP28

Cleveland Clinic Abu Dhabi, part of the M42 network, the Principal Health Partner of COP28, has published its decarbonization and sustainability efforts. As a proactive contributor to the sustainable future of health, the hospital’s patient-centric approach and sustainability endeavors underscore ...

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Culture & Education | Wednesday 29 November, 2023 11:36 am

Zayed University Partners with the General Secretariat of the National Committee on Sustainable Development Goals

Zayed University (“ZU”), in partnership with the General Secretariat of the National Committee on Sustainable Development Goals (“SDGs”), held an interactive dialogue session at its Dubai campus. The session focused on designing solutions and proposals to activate the role of youth and ...

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Business & Money | Wednesday 29 November, 2023 11:19 am

Saudi Cable signs tripartite agreement to transfer SAR 232.7M debt to Tathmeer

Saudi Cable Co. (SCC) signed a tripartite agreement with Al Rajhi Banking Investment Co. and Tathmeer Investment Co., under which Al Rajhi Banking transferred to Tathmeer its rightful claim on a due debt from Saudi Cable worth SAR 232.74 million.   The recent action was taken in...

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Business & Money | Wednesday 29 November, 2023 11:14 am

Retal inks SAR 374.8M deal with Roshn to purchase, develop land

Retal Urban Development Co. signed on Nov. 28 an agreement with Roshn Real Estate Co., a subsidiary of the Public Investment Fund (PIF), to purchase and develop residential land for housing units in Sedra residential neighborhood in Riyadh.   In a statement on Tadawul, the...

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Business & Money | Wednesday 29 November, 2023 11:07 am

PIF signs binding agreement with Ferrovial to buy 10% of Heathrow Airport

The Public Investment Fund (PIF) entered into a share purchase agreement to acquire a 10% stake in FGP TopCo (TopCo), the holding company of Heathrow Airport Holdings Ltd, from Ferrovial S.A. Under the terms of the agreement, PIF will acquire 10% in TopCo, and Ardian through its infrastructure ...

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Business & Money | Wednesday 29 November, 2023 10:36 am

MBC JOINS THE RED SEA INTERNATIONAL FILM FESTIVAL AS A PRINCIPAL SPONSOR

The Red Sea International Film Festival is proud to announce MBC as its principal sponsor for 2023. MBC Group has been a staunch supporter of the festival since its inception in 2021, marking their third consecutive year of sponsorship. MBC Group is the largest and leading...

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Technology & IT | Wednesday 29 November, 2023 10:03 am

Why AI is Piling Pressure on Creaking IT Infrastructures

It’s been barely a year since the launch of ChatGPT and yet generative AI is now on the lips of most business execs. GenAI has been what Forrester CEO George Colony recently referred to as “the most important technology thunderstorm of the last 40 years,” and tech leaders across the...

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Business & Money | Wednesday 29 November, 2023 9:50 am

ENOC Group honours the nation’s remarkable journey on its 52nd UAE National Day

In celebration of the 52nd UAE National Day, ENOC Group joined the nationwide celebrations with a range of traditional and fun-filled activities held at its head office in Dubai. This year, marking 2023 as the Year of Sustainability, the Group celebrations also included traditional...

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Business & Money | Wednesday 29 November, 2023 9:47 am

Abu Dhabi showcases success of economic diversification at Fortune Global Forum

Abu Dhabi is continuing to show stellar growth proof government initiatives to diversify the economy, boost the private sector and attract more foreign director investment are paying dividends.   Speaking at the Fortune Global Forum Today, His Excellency Ahmed Jasim Al Zaabi,...

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