Government | Tuesday 15 August, 2023 12:03 pm

Dubai International Chamber helps drive UAE-based sustainable electric vehicle startup ONE MOTO’s expansion into Latin America

Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has played a key role in driving the growth of another international business success story. The chambers’ representative offices in Latin America (LATAM) have helped propel ONE MOTO – a Dubai-based company...

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Business & Money | Tuesday 15 August, 2023 12:00 pm

AD Ports Group delivers 66% revenue growth in Q2'23

AD Ports Group today announced its financial results for the second quarter of 2023 (Q2'23), reporting revenue growth of 66 percent year-on-year (YoY) to AED 2.1 billion, driven by volume growth in key sectors, business diversification as well as local, regional, and international expansion both...

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Business & Money | Tuesday 15 August, 2023 11:58 am

National banks’ financing for business, industrial sectors totalled AED28.4 billion over 5 months

According to the latest statistics from the Central Bank of the UAE, the country’s national banks increased their credit facilities for the business and industrial sectors by around AED28.4 billion in the first five months of this year. The statistics also showed that the two sectors...

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Business & Money | Tuesday 15 August, 2023 11:23 am

ROSHN seeks to increase its 100 mln sqm land bank: Exec

ROSHN Group, a Public Investment Fund (PIF) giga-project, plans to increase its current land bank of 100 million square meters, CNBC Arabia reported, citing Oussama Kabbani, Group Chief Development Officer (GCDO).   The plan aligns with the target set by the company’s board of...

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Business & Money | Tuesday 15 August, 2023 10:15 am

CMA rejects Arab Sea’s capital hike request

The Capital Market Authority (CMA) rejected Arab Sea Information Systems Co.’s application to increase its capital for purchasing a real estate asset. The company submitted the application to increase capital from SAR 100 million to SAR 104.38 million, through the issuance of 437,500...

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Business & Money | Tuesday 15 August, 2023 10:10 am

Riyadh Cables gets SAR 600 mln credit facility from Saudi EXIM Bank

Riyadh Cables Group Co. (RCG) signed, on Aug. 14, a Shariah-compliant credit facility agreement worth SAR 600 million with Saudi Export-Import Bank (Saudi EXIM), to finance the company’s working capital needs of export and pre-export activities. In a statement to Tadawul, Riyadh Cables...

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Business & Money | Tuesday 15 August, 2023 10:00 am

Intigral appoints Khulud Abu Homos as Vice President of Content

Intigral, the media and entertainment arm of stc Group, the region’s engine of digital transformation, is pleased to announce the appointment of Khulud Abu Homos as Vice President of Content. The strategic decision is a testament to the company's ongoing commitment to elevating its content...

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Environment & Energy | Tuesday 15 August, 2023 9:58 am

ENOC Group empowers the youth towards a more sustainable future, concludes ENOC Youth Week

In recognition of International Youth Day, ENOC Group hosted its first ever ENOC Youth Week, a week-long event dedicated to empowering the Group’s dynamic young workforce who have been a key contributor to the energy sector and its future. Organised by the ENOC Youth Council, the first...

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Tourism & Hospitality | Tuesday 15 August, 2023 9:43 am

Rüya Riyadh Launches New Business Lunch Serving Authentic Anatolian Flavours

Inviting diners to take a break from the office or seize the day with a leisurely lunch with loved ones, Rüya Riyadh has launched its enticing new business lunch. Located in the heart of the Saudi capital’s bustling AlDabab neighbourhood, the modern yet traditional new restaurant is the perfect...

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Tourism & Hospitality | Tuesday 15 August, 2023 9:25 am

Reef & Beef Launches An Exquisite New Brunch

Reef & Beef, a premier steakhouse and fine dining destination, welcomes guests to relish the lavish brunch that makes a delicious appearance for the first time in the newly opened restaurant. Expect a delightful gastronomic journey amidst a rustic charm and must not miss this brunch...

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