Business & Money | Monday 7 April, 2025 11:45 am

Takaful Emarat Rebounds with 84% Revenue Growth, Achieves AED 960M in Assets

Takaful Emarat has announced a remarkable 45% increase in its total assets, reaching AED 960 million for the fiscal year ending December 31, 2024, reinforcing the group's strengthened financial standing. In a significant turnaround, shareholders’ equity moved from a AED 39.7 million deficit in...

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Business & Money | Monday 7 April, 2025 11:43 am

Hatta border crossing speeds up passenger flow with new dedicated lanes

Dubai Customs announced that the Hatta Customs Center received tens of thousands of GCC nationals who visited Dubai to celebrate Eid Al-Fitr and enjoy the related events and activities. Serving as a crucial gateway for both travelers from GCC countries and land freight, the Hatta border crossing...

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Business & Money | Monday 7 April, 2025 11:24 am

ARTHUR D. LITTLE’S 2025 CEO INSIGHTS SURVEY REVEALS RECORD CONFIDENCE AMONG UAE BUSINESS LEADERS

 CEOs in the UAE are demonstrating exceptional confidence in the global outlook, according to Arthur D. Little’s 2025 CEO Insights Survey. A striking 85% of UAE CEOs expect the global economy to improve over the next three to five years, placing them among the most optimistic in the world...

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Business & Money | Sunday 6 April, 2025 1:22 pm

Saudi banks’ T-bond investments rise to SAR 606.5B in February

Saudi banks’ investments in treasury bonds increased by about SAR 7.5 billion month-on-month (MoM) to SAR 606.5 billion in February 2025, data from the Saudi Central Bank (SAMA) showed. Government bonds made up 74% of banks' total claims on the public and quasi-public sectors in Saudi...

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Business & Money | Sunday 6 April, 2025 12:52 pm

Shalfa awarded framework agreement by Tatweer

Shalfa Facilities Management Co. received on March 28 an award notification from Tatweer Buildings Co., approving the execution of a framework agreement for integrated facilities management services for school buildings and private institutes in the Central Region (Al-Qassim), the company said in a ...

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Business & Money | Sunday 6 April, 2025 12:49 pm

TAQAT extends MoU to fully acquire Bayan Transport

TAQAT Mineral Trading Co. extended a non-binding memorandum of understanding (MoU) to fully acquire Bayan Transport Trading Co. The MoU, which was set to expire on March 31, was extended until June 30, 2025, the company said in a statement to Tadawul. According to available data on...

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Business & Money | Sunday 6 April, 2025 10:19 am

Abu Dhabi Petroleum Products Trading Regulatory Committee convenes first 2025 meeting

The Abu Dhabi Petroleum Products Trading Regulatory Committee (TRC) convened its first meeting of 2025, headed by Dr. Saif Saeed Al Qubaisi, Acting Director-General of Regulatory Affairs at the Department of Energy, and attended by representatives from 21 federal and local government...

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Business & Money | Sunday 6 April, 2025 10:14 am

CBUAE revokes licence of Dynamics Insurance Brokers

The Central Bank of the UAE (CBUAE) has revoked the licence of Dynamics Insurance Brokers, pursuant to the Article 22 (2) of the Insurance Authority Board of Directors Resolution No. 15 of 2013 Concerning Insurance Brokerage Regulations. The revocation results from the findings of an...

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Business & Money | Sunday 6 April, 2025 10:10 am

2PointZero’s Maseera acquires Egypt’s ADVA

Maseera Holding for Financial Investments (Maseera), a portfolio company of 2PointZero, a transformational global investment platform and a subsidiary of International Holding Company (IHC), today announced the successful acquisition of ADVA, an innovative Egyptian consumer finance platform. This...

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Business & Money | Sunday 6 April, 2025 10:08 am

Dana Gas, Crescent Petroleum reach 500 MMboe cumulative production from Khor Mor field

Dana Gas and its partner Crescent Petroleum together with their partners in the Pearl Petroleum Consortium have announced that cumulative production from Khor Mor, Iraq’s largest non-associated gas field, has reached 500 million barrels of oil equivalent (MMboe), highlighting the level of...

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