Business & Money | Thursday 31 August, 2023 11:37 am

Borouge to distribute interim dividend of $650 million

Borouge Plc hosted a General Assembly meeting, where shareholders voted to approve an interim dividend of $650 million (AED2.38 billion) for the first half of 2023, equivalent to 7.9 fils per share.The interim dividend will be paid to shareholders who have purchased Borouge shares as of 7 September ...

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Business & Money | Thursday 31 August, 2023 11:18 am

Sumou says inspection of transition document ends on Sept. 3

Sumou Real Estate Co. announced that Sept. 3 is the deadline for the inspection of the transfer documents, for its transition to the main market.   In a statement on Tadawul, the company added that trading on company’s shares will be suspended on Sept. 4, for a period not exceeding ...

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Business & Money | Thursday 31 August, 2023 9:13 am

du Announces Powerhouse Line-up of Partners Driving Innovation and Sustainability at Envision ICT Event

du, from Emirates Integrated Telecommunication Company (EITC), today announced key sponsors and partners for its first exclusive ICT event, Envision, under the theme Enabling Future Makers for a Better World. In line with the "We the UAE 2031" vision and the Net Zero by 2050...

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Business & Money | Thursday 31 August, 2023 8:44 am

Wa’ed Ventures leads a US $27 million Series A round for Rewaa, with participation from STC’s CIF

Rewaa, Saudi’s leading omnichannel inventory management system, accounting, and POS platform for the retail industry, announced that it raised $27 million in Series A funding round led by Wa’ed Ventures, a VC fund wholly owned by Aramco. STC’s Corporate Innovation Fund (CIF) participated ...

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Business & Money | Thursday 31 August, 2023 2:21 am

HealthPlus Fertility announces launch of 5th HealthPlus Middle East Fertility Conference

HealthPlus Fertility, Mubadala Health partner, has announced the launch of its 5th HealthPlus Middle East Fertility Conference taking place at The Address, Dubai Marina from September 1 to 3 with the theme ‘Preserving Hope and Empowering Fertility Choices.’ The annual industry...

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Business & Money | Thursday 31 August, 2023 2:19 am

EXTREME INTERNATIONAL AND DRB ARABIA PARTNER TO PROPEL TOURISM CONSULTANCY IN SAUDI ARABIA AND MENA REGION

DRB Arabia and EXTREME International proudly announce the launch of their collaborative venture, EXTREME DRB Consultancy, marking a significant milestone in tourism and hospitality consultancy. Combining EXTREME International’s 27 years of operation and a sustained 6 year presence in the...

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Business & Money | Wednesday 30 August, 2023 2:30 pm

MENA M&A activity in H1 2023 reaches 318 deals valued at US$43.8b

According to the EY MENA M&A Insights H1 2023 update, the MENA region witnessed a total of 318 merger and acquisition (M&A) deals amounting to US$43.8b. The GCC region accounted for the majority of deals – 254, valued at US$42.5b. Compared with H1 2022, deal volume during this period ...

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Business & Money | Wednesday 30 August, 2023 11:11 am

Azizi Developments gears up for handover of 99%-complete Park Avenue I

Azizi Developments, a leading private developer in the UAE, is now in the final stages of construction at its prestigious Park Avenue I project, situated in the highly sought-after MBR City, with it now being 99% complete. Park Avenue is a premium, vibrant and well-connected residential community...

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Business & Money | Wednesday 30 August, 2023 10:06 am

Saudi Arabia sees 2.4 mln freelance contracts issued in H1 2023

Saudi Arabia witnessed the issuance of 2.36 million self-employment contracts, 377,800 flexible work contracts, and 115,000 remote employees during the first half of 2023, the Saudi Press Agency (SPA) reported, citing statistics on modern work patterns in the...

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Business & Money | Wednesday 30 August, 2023 9:59 am

SPARK to kick off operations in logistics zone in 2024

King Salman Energy Park (SPARK) announced today that it is set to start operations in its logistics zone in 2024.   The logistics zone was designed to be a fully automated and developed area. It also includes the first and largest dry and private port in the region, in addition to a...

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