Business & Money | Wednesday 19 July, 2023 12:55 am

NBQ – Q2 2023 results – Net Profit Surges 54% reaching AED 255 Million

National Bank of Umm Al Quwain reported a net profit of AED 255 million in Q2 of 2023, reflecting a 54% increase compared to AED 165 million in Q2 of 2022. Cost-to-income ratio is 20.58%, reflecting a 880 basis point year-on-year improvement, indicating the bank's operational efficiencies and...

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Business & Money | Wednesday 19 July, 2023 12:32 am

Retal launches first project in Jeddah

Jeddah Governor Prince Saud bin Abdullah bin Jalawi inaugurated Sadayem Suburb in Jeddah, in which Retal Urban Development Co. will be one of the partners of National Housing Co. (NHC) in providing housing units for beneficiaries.  The project is Retal’s first project in...

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Business & Money | Wednesday 19 July, 2023 12:27 am

ENOC Group to offer innovative fuelling solutions to grow its eLink network at Dubai Silicon Oasis

ENOC Link, the digital mobile fuel supply service for businesses and consumers in the UAE by ENOC Group, today announced the launch of its newest eLink station at Dubai Silicon Oasis, the specialised economic zone for knowledge and innovation and a member of the Dubai Integrated Economic Zones...

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Culture & Education | Wednesday 19 July, 2023 12:13 am

Dubai Culture announces open call for ‘Al Marmoom Short-Film Competition’

Dubai Culture has launched the open call for its Al Marmoom Short-Film Competition that will be held as part of the third edition of the ‘Al Marmoom: Film in the Desert’ festival, inviting aspiring filmmakers to showcase their creativity and storytelling skills. This initiative...

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Business & Money | Wednesday 19 July, 2023 12:07 am

DAMAC’s Cavalli Tower Reaches New Construction Milestone

Leading UAE-based developer DAMAC Properties has announced that its Cavalli Tower has achieved a significant milestone with the initial casting of the raft foundation on-site at Dubai Marina.  The casting consisted of over 2,000 tonne of steel reinforcement and 4,500 cubic metres of...

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Cars & Autos | Tuesday 18 July, 2023 12:38 pm

ADNOC to launch first high-speed hydrogen refueling station in Middle East

ADNOC today announced that it has begun construction on the Middle East’s first high-speed hydrogen refueling station. The station, which is being built in Masdar City by ADNOC, will create clean hydrogen from water, using an electrolyser powered by clean grid electricity.Hydrogen, which creates...

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Government | Tuesday 18 July, 2023 12:30 pm

Dubai Maritime Authority organizes awareness campaign for Abra drivers in Dubai

The Dubai Maritime Authority at the Ports, Customs and Free Zone Corporation, organized an awareness campaign on maritime safety for Abra drivers in Dubai, which received wide participation from marine craft drivers in the emirate, as part of its efforts to raise awareness of the importance of...

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Business & Money | Tuesday 18 July, 2023 12:26 pm

SAMA approves merger of Gulf Union AlAhlia, Al Sagr

Gulf Union AlAhlia Cooperative Insurance Co. and Al Sagr Cooperative Insurance Co. announced obtaining the Saudi Central Bank’s (SAMA) approval on July 17 on their prospective merger transaction and other related matters. The merger transaction completion remains subject to...

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Business & Money | Tuesday 18 July, 2023 12:23 pm

KEIR mulls to issue SAR-denominated sukuk worth SAR 30 mln

KEIR International Co. plans to issue Saudi riyals-denominated sukuk through the website of Sukuk Capital that is authorized by the Capital Market Authority (CMA) to offer and invest in debt instruments, the company said in a statement to Tadawul.  The program is valued at SAR...

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Government | Tuesday 18 July, 2023 11:47 am

UAE, Japan sign 23 agreements, MoUs during UAE-Japan Business Forum

The UAE and Japan have inked 23 agreements and memoranda of understanding (MoUs) during the UAE-Japan Business Forum, which was held today. The agreements aim to bolster economic, trade and investment ties between the two countries in the fields of energy, industry, advanced technology, artificial...

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