Business & Money | Saturday 12 August, 2023 2:26 am

EDGE signs strategic agreement with Brazilian Aero Engine Developer, Turbomachine

EDGE, one of the world’s leading advanced technology and defence groups, today signed a strategic agreement with Turbomachine, one of Brazil’s foremost turbine engine developers. Turbomachine specialises in research, innovation, and engineering and development of gas turbine engines and...

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Business & Money | Saturday 12 August, 2023 2:23 am

ADX’s profits total AED43 billion in one week, H1 results continue momentum

The Abu Dhabi Securities Exchange (ADX) witnessed its gains rise by nearly AED43 billion over the previous week’s trading sessions amid the ongoing announcements of semi-annual company results. The market value of stocks listed on the ADX grew to AED2.874 trillion at the close of today’s...

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Technology & IT | Saturday 12 August, 2023 2:18 am

Tassnief rates Mobily, Zain KSA

Simah Rating Agency (Tassnief) assigned Etihad Etisalat Co. (Mobily) 'AA- (pi)' rating on the long-term and "T-2" on the short-term. Meanwhile, it assigned Mobile Telecommunication Company Saudi Arabia (Zain KSA) 'A (pi)' and 'T-2' on the long and short-terms, respectively.   The...

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Business & Money | Saturday 12 August, 2023 2:16 am

ACWA Power Installed Largest Wind Turbine in Central Asia

ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition, has successfully installed the first wind turbine for its 500MW Bash wind farm project, located in the Bukhara region of...

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Culture & Education | Saturday 12 August, 2023 2:02 am

RED SEA FILM FOUNDATION OPENS ACCREDITATION FOR 2023 FILM FESTIVAL AND SOUK

The Third Edition of the Red Sea International Film Festival has opened its early bird accreditation. Until September 18, 2023, filmmakers and professionals can purchase accreditation at half price, while students and media can register for free. Accreditation provides industry personnel with...

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Business & Money | Saturday 12 August, 2023 2:01 am

Azizi Developments enhances lighting at Riviera Beachfront, Pearl, & Amber

Azizi Developments, a leading private developer in the UAE, today announced momentous newly formed partnership with Controlium Building Technology Inc. and BEG Brück Electronic GmbH, world-renowned leaders in lighting control technologies. This strategic initiative promises to bring superior...

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Culture & Education | Saturday 12 August, 2023 1:58 am

Dubai Customs marks International Youth Day with panel session on sustainable development and youth investment

Experts recommended that the UAE invest further in its youth, as they are the cornerstone of the future and the driving force for sustainable development towards the UAE Centennial 2071 goals. Imparting the culture of innovation in younger generations and equipping them with the skills and...

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Technology & IT | Saturday 12 August, 2023 12:12 am

AV-Comparatives confirms 100 percent anti-tampering protection of Kaspersky Endpoint Security for Business 

Kaspersky Endpoint Security for Business has proven 100 percent anti-tampering protection in a yearly AV-Comparatives focus pen-test. Tamper protection defends the product against end-user and third-party changes, plus services, processes, files, and registry entries against any controlling...

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Environment & Energy | Friday 11 August, 2023 1:25 pm

Global oil demand hits record: IEA

Global oil demand surged to a record backed by strong summer air travel, increased oil use in power generation and surging Chinese petrochemical activity strong summer air travel, increased oil use in power generation and surging Chinese petrochemical activity, the International Energy Agency said...

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Business & Money | Friday 11 August, 2023 1:22 pm

CMA, REGA say real estate contributions ‘new financing channel’

Abdullah Binghannam, Deputy, Listed Companies and Investment Products at the Capital Market Authority (CMA), stressed that the Real Estate Contributions Law, which will take effect next November, will support the existing laws and legislations, and better regulate the real estate...

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