Business & Money | Sunday 16 March, 2025 12:33 pm

Armah inks contract to set up 2 clubs for SAR 51.5M

Armah Sports Co. signed a contract with Gulf Architects for Contracting Co. (GAC) to establish two sports clubs for women and men at a total value of SAR 51.5 million. In a statement to Tadawul, the company said that the contract is valid for 14 months from the signing date, and the...

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Business & Money | Sunday 16 March, 2025 12:22 pm

GULFNAV Shareholders Approve Strategic Acquisition of Brooge Energy Limited’s Assets and Companies for AED 3.2 Billion

Gulf Navigation Holding PJSC (“GULFNAV”), the Dubai Financial Market listed maritime and shipping company, announced today that its shareholders have approved the strategic acquisition of assets and companies owned by Brooge Energy Limited ("BEL"). The approval was granted at the General...

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Business & Money | Sunday 16 March, 2025 12:19 pm

Bank of Sharjah achieves record net profit of AED385 in 2024

Bank of Sharjah has announced its financial results for the year ended 31st December 2024, reporting a record profit before tax of AED416 million. With net profit after tax soaring to AED385 million, the bank's exceptional performance was driven by strong revenue growth, effective cost control ...

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Business & Money | Sunday 16 March, 2025 12:14 pm

Abu Dhabi Fund for Development launches AED440 million “Sofitel Legend Pyramids Giza” in Egypt

The Abu Dhabi Fund for Development (ADFD) has announced the launch of the “Sofitel Legend Pyramids Giza” project as part of its efforts to support and revitalise Egypt’s tourism sector and enhance strategic investments. This luxury five-star hotel will be a landmark addition to the...

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Business & Money | Sunday 16 March, 2025 12:12 pm

DPW and DAW Reinforce Shared Vision for Sustainable Infrastructure with Strategic PRC Facility Visit

The Department of Public Works (DPW) and Dar Alwd Construction (DAW) reaffirmed their shared commitment to sustainable, high-performance infrastructure solutions during a strategic visit to the PRC manufacturing facility in Qatar.  The visit provided key insights into material innovation, ...

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Business & Money | Sunday 16 March, 2025 12:09 pm

DAE signs definitive agreements to acquire 17 aircraft for $1.0 bln

Dubai Aerospace Enterprise (DAE) Ltd today announced that it had recently signed agreements with multiple counterparties to acquire 17 aircraft for an aggregate consideration of approximately US$1.0 billion. This portfolio comprises 100 percent next-generation aircraft, of which 89 percent are ...

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Business & Money | Sunday 16 March, 2025 12:07 pm

Sharjah real estate transactions hit AED3.5 billion in February

The monthly statistical data issued by the Sharjah Real Estate Registration Department revealed that the volume of real estate transactions across various regions and cities in Sharjah amounted to AED3.5 billion during February 2025, with a total of 7,768 transactions. The total area traded in ...

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Business & Money | Sunday 16 March, 2025 11:50 am

ADDED conducts 965 inspections since beginning of Ramadan

The Abu Dhabi Registration and Licensing Authority (ADRA), the business sector regulatory arm of the Abu Dhabi Department of Economic Development (ADDED), has carried out 965 field visits to inspect commercial establishments across Abu Dhabi since the beginning of Ramadan. The inspections aim...

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Business & Money | Sunday 16 March, 2025 11:30 am

ADNEC Group contributed record AED 8.5 bn to UAE economy in 2024

ADNEC Group has delivered the highest economic impact in its history, contributing AED8.5 billion to the UAE economy and surpassing the AED7.4 billion achieved in 2023. This milestone highlights the group’s growing role in driving economic growth and supporting the UAE’s strategic objective of...

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

UAE Steel Producers Committee inaugurates its new headquarters in Abu Dhabi

The UAE Steel Producers Committee (SPC) celebrated the opening of its new headquarters in the capital, Abu Dhabi, at “Aldar Building,” with the attendance of Juma Al Kait, Assistant Undersecretary of Foreign affairs, Ministry of Economy. In attendance also were Eng.Saeed Al Ghafri,...

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