The Ministry of Human Resources and Emiratisation (MoHRE) and Abu Dhabi Global Market (ADGM) have unveiled new procedures to streamline the process of transferring permits of companies established on Al Reem Island to ADGM. The announcement follows a Memorandum of Understanding (MoU) between...
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), hosted the CEOs of the UAE banks to discuss advancements in consumer protection, financial crime supervision and wide-ranging financial sector digitalisation initiatives. The forum discussed the role and mandate of the...
Borouge Plc, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, confirmed shareholder approval of a $650 million (7.94 fils/share) final 2023 cash dividend at its Annual General Meeting (AGM). The company also confirmed its intention to pay a...
The Royal Commission for Makkah City and Holy Sites held a meeting today at Al-Balad Al-Amin Center in Dhahiat Sumou project, with the participation of officials of government agencies and the private sector in Makkah, investors and entrepreneurs.The meeting reviewed the developmental...
Lumi Rental Co.’s market share in Saudi Arabia increased from 7% in 2021 to range currently between 9% to 10%, CFO Sulaiman Alrasheed told Al-Eqtisadiah newspaper. The company' generates 35% of its revenue from car leases, 33.5% from short-term rentals, while the sale of used cars represents ...
Riyadh Air will announce a deal to expand its fleet size in the near future, Osamah Al-Nuwaiser, Vice President of Marketing and Corporate Communications at Riyadh Air, revealed Expanding and diversifying Riyadh Air’s fleet and integrating it with aircraft from other companies is ...
Pakistan’s Bank Alfalah Limited submitted a non-binding indicative offer to Saudi National Bank (SNB), offering to acquire its entire stake in Samba Bank Pakistan. In a statement to Pakistan Stock Exchange (PSX) today, March 29, Bank Alfalah said the deal closure depends is...
Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider and majority owner of the largest cooling services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders ...
Representing a moment of pride and privelege for Azizi Developments, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, bestowed Mr. Mirwais Azizi, Founder and Chairman of Azizi Developments, with the ‘Medal of His Highness Sheikh...
The Ministry of Finance has published the Kingdom of Saudi Arabia Green Financing Framework in one of the Financial Sector Development Program initiatives, to drive the Kingdom toward sustainability and net zero emissions through the Circular Carbon Economy approach.The framework also highlights...