Business & Money | Monday 24 March, 2025 11:28 am

Dubai Supreme Council of Energy strengthens green economy agenda

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, chaired the 87th meeting of the Council, which was held virtually in the presence of Saeed Mohammed Al Tayer, Vice Chairman of the Council. The meeting was also attended by Ahmed Buti Al Muhairbi,...

More Details

Business & Money | Monday 24 March, 2025 11:26 am

Dubai International Chamber facilitates expansion of fiber optics company Emtelle into Indonesia

Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has successfully supported the expansion of Emtelle, a Dubai-based fibre optic solutions company, into Indonesia. The chamber’s representative office in Jakarta played a key role in facilitating the...

More Details

Business & Money | Monday 24 March, 2025 11:25 am

DAE announces completion of Aeromexico Boeing 737 MAX mandate

Dubai Aerospace Enterprise (DAE) Ltd announced that it had delivered from its orderbook the sixth and final Boeing 737 MAX family aircraft to Aeromexico under its current mandate. The mandate comprised of three 737-8 and three 737-9 aircraft. Aeromexico has been a customer of DAE for over a...

More Details

Business & Money | Monday 24 March, 2025 11:23 am

ENOC Group achieves AED395 million in energy efficiency savings over decade

ENOC Group recorded remarkable success in energy reduction through comprehensive Energy & Resource Management (E&RM) activities across its operations. Driving resilience through sustainable economic growth, the Group saved AED395 million in total energy from 2014 to 2024, mitigating...

More Details

Business & Money | Monday 24 March, 2025 11:22 am

ADNOC Gas shareholders approve record $3.41 billion dividend for 2024

ADNOC Gas plc and its subsidiaries confirmed shareholder approval at its Annual General Meeting (AGM) to distribute $3.41 billion in full-year dividends for 2024, including a final dividend payment of $1.706 billion scheduled for distribution in the second quarter of 2025. Dr. Sultan Ahmed Al...

More Details

Business & Money | Monday 24 March, 2025 11:17 am

SCA recovers AED4.1mln for investors through amicable settlements in 2024

The Securities and Commodities Authority (SCA), through amicable settlements, has successfully recovered AED4.1 million in favour of investors during 2024. This achievement is the result of the SCA's relentless efforts in facilitating amicable settlements and effectively utilising the service...

More Details

Business & Money | Monday 24 March, 2025 11:16 am

Al Ashghal Al Moysra signs SAR 16.5M deal with RCJY

Al Ashghal Al Moysra Co. signed today, March 23, a contract worth SAR 16.5 million with the Royal Commission for Jubail and Yanbu (RCJY) for the provision of furniture and office equipment moving services. The three-year contract is expected to have a positive impact on financial results for...

More Details

Business & Money | Monday 24 March, 2025 11:14 am

SAMA licenses Al-Annaya Al-Yatmania to provide finance aggregation services

The Saudi Central Bank (SAMA) licensed Al-Annaya Al-Yatmania Co. to provide finance aggregation services, bringing the total number of licensed providers in Saudi Arabia to five. The decision aligns with SAMA’s efforts to support the financial sector, enhance transaction efficiency, and...

More Details

Business & Money | Monday 24 March, 2025 11:05 am

SHL renews SAR 1.9B credit facility deal with ANB

SHL Finance Co. renewed a Shariah-compliant credit facility agreement worth SAR 1.91 billion with Arab National Bank (ANB), according to a statement to Tadawul. The five-year facility is secured by a promissory note for the full financing amount. SHL also assigned financing contract...

More Details

Business & Money | Monday 24 March, 2025 11:03 am

NADEC subsidiary signs financing agreement with ADF for up to SAR 1.1B

National Agricultural Development Co. (NADEC) said that its subsidiary, AlRai National Livestock (a limited liability company, 51% owned by NADEC), signed a financing agreement with the Agricultural Development Fund (ADF) with a ceiling of SAR 1.1 billion. The funds will be used to establish a ...

More Details