Business & Money | Sunday 8 October, 2023 9:31 am

Sulaiman Al Habib appoints Faisal Al Nassar as CEO

Dr. Sulaiman Al Habib Medical Services Group's (HMG) board of directors appointed on Oct. 8 Faisal Al Nassar as CEO.   Nassar holds a bachelor's degree in accounting and information systems from the College of Industrial Management (CIM) at King Fahd University of Petroleum and...

More Details

Business & Money | Sunday 8 October, 2023 9:18 am

GFH Partners acquires $150 mln logistics assets in Saudi Arabia, UAE

GFH Partners completed the acquisition of a diversified logistics and industrial portfolio worth $150 million (nearly SAR 563 million) in Saudi Arabia and the UAE. This portfolio includes a mix of logistics and industrial assets in Saudi Arabia and the UAE. The portfolio comprises...

More Details

Business & Money | Sunday 8 October, 2023 9:02 am

PIF signs MoU to subscribe to new cash shares in Saudi Re via capital hike

Saudi Reinsurance Co. (Saudi Re) signed on Oct. 7 a non-binding memorandum of understanding (MoU) with the Public Investment Fund (PIF), under which the fund will subscribe to new cash shares in the former by way of capital increase while suspending preemptive rights of the current...

More Details

Business & Money | Sunday 8 October, 2023 8:55 am

Ladun subsidiary signs SAR 70.4 mln contract with Amaala for aluminum works

Ladun Investment Co. announced that Built Aluminum Factory (BAFCO), which is owned by its subsidiary Built Industrial Co., signed, on Oct. 5, a 451-day contract worth SAR 70.4 million worth contract with Amaala.   The contract aims at implementing aluminum and facade works at the...

More Details

Environment & Energy | Sunday 8 October, 2023 8:51 am

MOCCAE and Tadweer sign MoU to launch global initiative to decarbonize waste management

As part of the Year of Sustainability and UAE's preparations for hosting the Conference of the Parties COP28, the Ministry of Climate Change and Environment (MOCCAE) and Abu Dhabi Waste Management Company (Tadweer) have signed a Memorandum of Understanding (MoU) to launch ‘Waste to Zero’, a...

More Details

Environment & Energy | Sunday 8 October, 2023 8:43 am

UAE, Kyrgyzstan strengthening energy cooperation

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, led a high-level UAE delegation to the Kyrgyz Republic on a visit aimed to explore opportunities to enhance cooperation between the two countries in all fields. Sadyr Japarov, President of the Kyrgyz Republic, received Al...

More Details

Business & Money | Sunday 8 October, 2023 8:35 am

Abu Dhabi National Exhibition Centre wins Best Venue Award at C&IT Awards

Abu Dhabi National Exhibition Centre, one of the ADNEC Group’s venues, won the “Best Venue - Rest of World” for 2023 at the International Conference & Incentive Tourism (C&IT) Awards, strengthening its position as one of the most prominent exhibition centres in the world. This came...

More Details

Business & Money | Sunday 8 October, 2023 8:34 am

Dubai Customs Strengthens Partnerships with Courier Companies to Fuel E-commerce Expansion

Dubai Customs recently convened an extensive meeting with courier and express shipping companies, aimed at bolstering the seamless operation of e-commerce activities and solidifying Dubai's position as a global e-commerce epicenter, aligning with the strategic objectives of Dubai's economic agenda. ...

More Details

Business & Money | Saturday 7 October, 2023 6:32 am

MoF, IMF explore latest developments in international monetary and financial systems

The UAE Ministry of Finance (MoF) held a meeting with the International Monetary Fund (IMF) Staff Mission at the Ministry’s headquarters in Abu Dhabi to discuss matters related to government budgets and revenues, overall monetary policies, debt management, tax policies and legislations, and...

More Details

Business & Money | Saturday 7 October, 2023 6:29 am

Preparatory meetings for UMEX and SimTEX 2024 get underway

The Higher Organising Committee of the sixth edition of the Unmanned Systems Exhibition (UMEX) and Simulation and Training Exhibition (SimTEX) and the conference which accompanies them held its first meeting ahead of the launch of the largest edition in the history of the events. UMEX and...

More Details