Business & Money | Tuesday 8 October, 2024 8:00 am

UAE Game Makers Competition showcases UAE’s creative youth at latest 'Game Jam Event'

The UAE Game Makers Competition, supported by Tawazun Council and Space 42, and organised by Endless Studios, concluded its second on-ground Game Jam event that took place from 5th to 7th October 2024, at Pixoul Gaming, Al Qana in Abu Dhabi. As part of the broader UAE Game Makers Competition...

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Business & Money | Tuesday 8 October, 2024 8:00 am

Abu Dhabi Department of Energy highlights regulatory frameworks for petroleum materials sector

The Department of Energy – Abu Dhabi (DoE) has gathered more than 130 key government and private stakeholders to discuss safety, compliance and future growth in the petroleum products sector in preparation for upcoming changes to the regulatory landscape. The workshop, which was held under...

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Business & Money | Tuesday 8 October, 2024 8:00 am

ADIA establishes subsidiary in India’s GIFT City

The Abu Dhabi Investment Authority (ADIA) has established a subsidiary at the Gujarat International Finance Tec-City (GIFT City), India’s international financial services centre. The subsidiary has been granted regulatory approval by the International Financial Services Centre Authority...

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Business & Money | Tuesday 8 October, 2024 8:00 am

World Future Energy Summit 2025 to champion regional energy growth

The Middle East’s role as a new global fuels hub, the potential impact of Artificial Intelligence (AI) in energy industry transformation, and potential pathways to a sustainable and resilient future are a trio of critical issues to be explored when the World Future Energy Summit returns to Abu...

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Business & Money | Tuesday 8 October, 2024 8:00 am

Sharjah Chamber hosts Building Materials Forum, emphasises its support for construction sector

The Sharjah Chamber of Commerce and Industry (SCCI) hosted the Building Materials Forum, gathering key stakeholders and top professionals, including property suppliers, traders, consultants, contractors, and real estate developers. Held in collaboration with SCCI’s Real Estates Sector...

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Business & Money | Tuesday 8 October, 2024 8:00 am

Emirates Development Bank achieved impressive cumulative financing of AED12.9 bn by Q3

Emirates Development Bank (EDB) today hosted the fifth edition of its EDB Connect forum series at the iEtihad Museum in Dubai. This significant event, held in partnership with the Ministry of Industry and Advanced Technology’s (MoIAT) “Make it in the Emirates" initiative, convened key...

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Business & Money | Tuesday 8 October, 2024 8:00 am

SRC, Damanat sign MoU to guarantee residential mortgage portfolios

Saudi Real Estate Refinance Co. (SRC) signed, on October 6, a Memorandum of Understanding (MoU) with the Saudi Mortgage Guarantees Services Co. (Damanat), which aims to guarantee the residential mortgage portfolios owned by SRC and the portfolios being acquired. The MoU also aims to help...

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Business & Money | Tuesday 8 October, 2024 8:00 am

Al-Jouf Agricultural secures license for solar energy purchase project with Engie

Al-Jouf Agricultural Development Co. obtained licenses from the official authorities regarding the solar energy purchase contract with French energy firm Engie, according to a statement to Tadawul. The implementation of the project will start on Oct. 15, 2024, operations will commence in the...

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Business & Money | Tuesday 8 October, 2024 8:00 am

Alwaha REIT to acquire residential building via new unit issue

Alwaha REIT Fund signed an acquisition agreement in addition to a five-year lease with the current owner of the “Al Jawhara Residential Building”, fund manager Wasatah Capital announced in a statement to Tadawul. The agreement is conditional on completing the procedures to raise the...

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Business & Money | Tuesday 8 October, 2024 8:00 am

Almarai unit to acquire Jordan’s Hammoudeh Food for SAR 263M

Almarai Co.’s subsidiary Teeba Investment for Developed Food Processing signed an agreement to acquire 100% of Jordan’s Hammoudeh Food Industries for SAR 263 million, subject to certain adjustments, according to a statement to Tadawul. This acquisition strengthens Almarai’s position in...

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