Business & Money | Wednesday 29 November, 2023 11:07 am

PIF signs binding agreement with Ferrovial to buy 10% of Heathrow Airport

The Public Investment Fund (PIF) entered into a share purchase agreement to acquire a 10% stake in FGP TopCo (TopCo), the holding company of Heathrow Airport Holdings Ltd, from Ferrovial S.A. Under the terms of the agreement, PIF will acquire 10% in TopCo, and Ardian through its infrastructure ...

More Details

Business & Money | Wednesday 29 November, 2023 10:36 am

MBC JOINS THE RED SEA INTERNATIONAL FILM FESTIVAL AS A PRINCIPAL SPONSOR

The Red Sea International Film Festival is proud to announce MBC as its principal sponsor for 2023. MBC Group has been a staunch supporter of the festival since its inception in 2021, marking their third consecutive year of sponsorship. MBC Group is the largest and leading...

More Details

Business & Money | Wednesday 29 November, 2023 9:50 am

ENOC Group honours the nation’s remarkable journey on its 52nd UAE National Day

In celebration of the 52nd UAE National Day, ENOC Group joined the nationwide celebrations with a range of traditional and fun-filled activities held at its head office in Dubai. This year, marking 2023 as the Year of Sustainability, the Group celebrations also included traditional...

More Details

Business & Money | Wednesday 29 November, 2023 9:47 am

Abu Dhabi showcases success of economic diversification at Fortune Global Forum

Abu Dhabi is continuing to show stellar growth proof government initiatives to diversify the economy, boost the private sector and attract more foreign director investment are paying dividends.   Speaking at the Fortune Global Forum Today, His Excellency Ahmed Jasim Al Zaabi,...

More Details

Business & Money | Wednesday 29 November, 2023 9:45 am

ADX launches FTSE Russell ESG Screened Index, ahead of COP28

Abu Dhabi Securities Exchange (ADX), one of the world’s fastest-growing markets, is delighted to announce the launch of its inaugural ESG (Environmental, Social, and Governance) benchmark index. This launch, ahead of COP28, marks a significant step towards advancing sustainable investment...

More Details

Business & Money | Wednesday 29 November, 2023 9:44 am

Dubai Customs Unveils Spectacular Festivities to Mark UAE's 52nd National Day

As part of the festivities marking the 52nd National Day of the United Arab Emirates, Dubai Customs organized a celebration at its main building in honor of this significant national event.  The festivities encompassed diverse activities and contests in the heritage village, traditional...

More Details

Business & Money | Wednesday 29 November, 2023 9:34 am

Kingdom Holding buys Prince Alwaleed’s shares in Citigroup for SAR 1.7B

Kingdom Holding Co. (KHC) acquired the shares owned by Chairman Prince Alwaleed bin Talal in Citigroup for SAR 1.69 billion ($449.57 million).    Accordingly, KHC raised its stake in Citigroup to 2.2% from 1.63%, the company said in a statement to Tadawul, adding that the deal...

More Details

Business & Money | Wednesday 29 November, 2023 7:49 am

Multiple New Hedge Funds Establish in DIFC, Reconfirming Dubai’s Position as a Top Global Hub for Industry

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today confirmed that unprecedented numbers of hedge funds continue to set up in the Centre, boosting Dubai’s reputation as the region’s top location for the...

More Details

Business & Money | Tuesday 28 November, 2023 3:44 pm

Turn up the festive spirit with a magical tree lighting Ceremony at FORM Hotel

Nothing gets you into the spirit of Christmas than a good old Christmas carols, and a tree lighting ceremony. So, get ready for a cozy and magical evening of holiday cheer and festivities at FORM Hotel Christmas Tree Lighting Ceremony on December 8, 2023, at...

More Details

Business & Money | Tuesday 28 November, 2023 12:52 pm

MIS secures 81.6M project with Ministry of Justice

Al Moammar Information Systems Co. (MIS) won a project worth SAR 81.6 million, including VAT, with the Ministry of Justice.   The primary objective of the project is to offer technical support, thereby improving the performance of the ministry's programs and systems, MIS said in ...

More Details