Business & Money | Saturday 12 August, 2023 2:23 am

ADX’s profits total AED43 billion in one week, H1 results continue momentum

The Abu Dhabi Securities Exchange (ADX) witnessed its gains rise by nearly AED43 billion over the previous week’s trading sessions amid the ongoing announcements of semi-annual company results. The market value of stocks listed on the ADX grew to AED2.874 trillion at the close of today’s...

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Business & Money | Saturday 12 August, 2023 2:16 am

ACWA Power Installed Largest Wind Turbine in Central Asia

ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition, has successfully installed the first wind turbine for its 500MW Bash wind farm project, located in the Bukhara region of...

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Business & Money | Saturday 12 August, 2023 2:01 am

Azizi Developments enhances lighting at Riviera Beachfront, Pearl, & Amber

Azizi Developments, a leading private developer in the UAE, today announced momentous newly formed partnership with Controlium Building Technology Inc. and BEG Brück Electronic GmbH, world-renowned leaders in lighting control technologies. This strategic initiative promises to bring superior...

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Business & Money | Friday 11 August, 2023 1:22 pm

CMA, REGA say real estate contributions ‘new financing channel’

Abdullah Binghannam, Deputy, Listed Companies and Investment Products at the Capital Market Authority (CMA), stressed that the Real Estate Contributions Law, which will take effect next November, will support the existing laws and legislations, and better regulate the real estate...

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Business & Money | Friday 11 August, 2023 1:14 pm

Jeddah Airports plans to raise passenger traffic to 114 mln by 2030: Chairman

Raed Al Mudaiheem, Chairman of Jeddah Airports Co. (JEDCO), said the record numbers reported during the Umrah and Hajj season 2023 is part of the company’s strategic goals for 2030. JEDCO aims to boost traffic to 114 million passengers.   JEDCO plans to launch new travel...

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Business & Money | Friday 11 August, 2023 12:38 am

Smart Salem to expand UAE residence visa processing services in DIFC

Dubai International Financial Centre (DIFC), one of Dubai's most sought-after lifestyle destinations, has reinforced its commitment to provide value addition services to its vibrant community of over 160 nationalities as Smart Salem, a premium medical fitness testing centre located at...

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Business & Money | Friday 11 August, 2023 12:35 am

Al Quoz Creative Entrepreneurship Forum empowers visionaries with creative horizons

Dubai Culture and Arts Authority (Dubai Culture) has unveiled plans for the Al Quoz Creative Entrepreneurship Forum, scheduled to take place at Al Quoz Creative Zone on 2 and 3 November 2023. The forum aims to accentuate the significance of Dubai's cultural and creative industries sector, along...

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Business & Money | Friday 11 August, 2023 12:32 am

DAMAC's 120-villa Maldives Island Resort Construction on Track for 2025 Delivery

DAMAC International has announced that construction of its Mandarin Oriental Bolidhuffaru Reef Resort, currently under development in the Maldives, is keeping a progressive pace.  The project’s beach villa foundations and structure are underway, while the beach reclamation works...

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Business & Money | Friday 11 August, 2023 12:10 am

ENOC Group and ALSAYER partner to expand lubricants offering in Kuwait

ENOC Group, a leading integrated global energy player, recently signed a Memorandum of Understanding (MoU) with ALSAYER Group Parts & Logistics in line with the Group’s wider strategy to further expand its lubricants network in the region.   The agreement will...

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Business & Money | Friday 11 August, 2023 12:09 am

AZIZI DEVELOPMENTS MAINTAINS MOMENTUM, AMBER IN AL FURJAN NOW 17% COMPLETE

Azizi Developments, a leading private developer in the UAE, has achieved the 17% construction completion of Amber, its recently launched premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan. The overall structure is now 64% complete, with a total manpower of 114 ...

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