Business & Money | Monday 21 December, 2020 10:32 am

Abu Dhabi Securities Exchange (ADX) Announces Listing Palms Sports on its Second Market

Abu Dhabi Securities Exchange (ADX) announced that Palms Sports P.J.S.C has listed its shares on ADX’s Second Market under the trading symbol PALMS, and trading begins on the shares today. The company’s nominal value of share capital is AED 150 million, with each share having a nominal value of ...

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Business & Money | Sunday 20 December, 2020 11:19 am

ENGIE acquires Saudi Arabia’s Allied Maintenance Company Ltd

ENGIE Solutions, an international leader in providing low carbon energy and services, has acquired Allied Maintenance Company Ltd (AMC), a Saudi-based total facilities management company with a wealth of experience across numerous locations in the Kingdom. Formed in 1992, AMC has more than...

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Business & Money | Saturday 19 December, 2020 12:10 pm

Azizi Developments records sale of 315 retail units worth AED 458.68m marking a substantial surge in Q4 2020

Azizi Developments, a leading private developer in the UAE, has noted a substantial surge in demand for its retail units across projects in the fourth quarter of 2020, despite the pandemic-induced challenges that the real estate industry has witnessed. The total units sold now amount to...

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Business & Money | Saturday 19 December, 2020 11:57 am

Sorbonne University Abu Dhabi celebrated the graduation of the of the first cohort of officers of the Advanced Maritime Strategic Professional Certificate.

In the presence of HE Xavier Chatel, French Ambassador to the UAE, Professor Silvia Serrano, Vice Chancellor of Sorbonne University Abu Dhabi, Staff Brigadier Abdulla Faraj Masoud Almeherbi, Deputy Commander of the UAE Naval Forces, and Captain Pierre Alzuyeta, Chief of Department in charge of the...

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Business & Money | Saturday 19 December, 2020 11:02 am

Air Arabia wins ‘Low-Cost Airline of the Year’ honour at Aviation Business Awards

Air Arabia was adjudged in the ‘Low-Cost Airline of the Year’ category by an expert panel of industry judges for the carrier’s innovation, financial performance, and ambitious growth plans.Adel Al Ali, Group Chief Executive Officer of Air Arabia, said: “Winning the ‘Low-Cost Airline of...

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Business & Money | Saturday 19 December, 2020 4:06 am

Saudi Arabia, Finland sign deal to promote ‘indoor hygiene solutions’

Saudi Arabia and Finland have stepped up joint efforts in infection prevention by signing a memorandum of understanding (MoU). The signing ceremony took place at the Finnish Embassy in Riyadh on Wednesday. Knowledge-exchange links are being built on Saudi Arabia’s vast patient safety...

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Business & Money | Saturday 19 December, 2020 12:13 am

Bahri named Shipping Company of the Year at Seatrade Maritime Awards 2020

Strengthening its unchallenged status in the maritime industry, Bahri, a global leader in logistics and transportation, was honored with the ‘Shipping Company of the Year’ award at the prestigious Seatrade Maritime Awards Middle East, Indian Subcontinent and Africa (MEISA) 2020, which was held...

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Business & Money | Friday 18 December, 2020 5:10 pm

Najm CEO bags top award in insurance sector

Najm Insurance Services has announced that its Chief Executive Officer Dr. Mohammad Al Suliman has been named Best CEO in the insurance sector for 2020 by Dubai-based International Business Magazine. Najm’s recognition came following a series of accomplishments it attained during 2020,...

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Business & Money | Friday 18 December, 2020 5:03 pm

Saudi Arabia's Red Sea Development Company awards major contracts

The Red Sea Development Company (TRSDC), which is behind one of the most ambitious renewable tourism projects in the world, has awarded contracts to two local firms to provide all services related to maintenance, security, and supply, in addition to administrative and special cleaning services, the ...

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Business & Money | Thursday 17 December, 2020 4:44 pm

Future of Fintech – Saudi Arabia – A Virtual Event

Saudi Arabia has consistently seen a surge in the use of FinTech and related technologies during the global health crisis. There has been a rise in the use of contactless payments, and other forms of digital banking channels. The faster adoption of FinTech has exceeded expectations as part of the...

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