Business & Money | Saturday 11 November, 2023 4:32 am

DEWA reports record revenue of AED9.4bn in Q3'23

Dubai Electricity and Water Authority PJSC (DEWA) today reported its third quarter 2023 (Q3'23) consolidated financial results, with a record quarterly revenue of AED 9.4 billion, an operating profit of AED AED 3.7 billion, and EBITDA of AED 5.2 billion. For the first nine months, DEWA’s...

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Business & Money | Saturday 11 November, 2023 4:29 am

EDGE acquires 50% stake in Flaris, marking strategic expansion into aviation technology

The UAE’s EDGE Group, one of the world’s leading advanced technology and defence groups, has announced the acquisition of a 50 percent stake in Flaris, a pioneering Polish aviation company specialising in the development of state-of-the-art personal jets.The two companies will also establish a...

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Environment & Energy | Saturday 11 November, 2023 4:25 am

Mariam Almheiri highlights innovative and sustainable nature-based solutions

The latest in a series of high-level national Majlis sessions being held in the lead up to COP28 convened today at Al Ittihad Hall in Umm Al Quwain, organised by the UAE Ministry of Climate Change and the Environment (MoCCAE) as part of the “COP28 Changemakers Majlis” initiative. The...

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Business & Money | Saturday 11 November, 2023 3:58 am

Insurance benefit expenses reach SAR 10.7 billion in October: GOSI

Saudi Arabia's General Organization for Social Insurance (GOSI) said that total expenses of insurance benefits surpassed SAR 10.7 billion in October.   The compensation of the unemployment insurance scheme (SANED) exceeded SAR 87.2 million in the same month, while the total pensions...

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Government | Saturday 11 November, 2023 3:55 am

Saudi Arabia aims to invest over $25 bln in Africa: Crown Prince

Crown Prince Mohammed bin Salman opened the Saudi-African Summit in Riyadh on behalf of King Salman bin Abdulaziz Al Saud.   In his opening speech, Crown Prince said that Saudi Arabia is planning new investments of over $25 billion in various sectors, secure $10 billion from exports...

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Government | Saturday 11 November, 2023 3:52 am

Saudi Arabia aims to host Expo 2030 in Riyadh: Crown Prince

Saudi Arabia seeks to host Expo 2030 in Riyadh to provide an unprecedented edition in the history of this event for a better future for humanity, Crown Prince Mohammed bin Salman said.   The Kingdom aims for the participation of African countries to underscore the continent’s...

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Business & Money | Saturday 11 November, 2023 1:10 am

Saudi Arabia has ample opportunities with African states: Minister

Saudi Arabia has ample opportunities for cooperation with Arab and African states, especially in the field of mining which is a vital sector for both sides, Bandar Alkhorayef, Minister of Industry and Mineral Resources, said on the sidelines of the Saudi-Arab-African Economic...

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Business & Money | Saturday 11 November, 2023 1:02 am

Successful Conclusion of the Saudi-Arab-African Economic Conference: Strengthening Bonds for a Shared Future

The Saudi-Arab-African Economic Conference reached new heights of collaboration and partnership as it concluded its proceedings with promising ventures and shared commitments. The conference, held on the sidelines of the Saudi African Summit, brought together leaders, decision makers, and officials ...

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Environment & Energy | Saturday 11 November, 2023 1:00 am

Africa needs to overcome energy challenges, achieve economic growth: Minister

Prince Abdulaziz bin Salman, Saudi Minister of Energy, said Africa needs to overcome energy challenges, and achieve economic growth and prosperity.   Saudi Arabia will continue to cooperate with African countries to access energy. It will not only be part of the solution, but a model ...

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Tourism & Hospitality | Friday 10 November, 2023 2:59 pm

Swissotel sparkles this Diwali with a special Dinner buffet

Celebrate Diwali with a lavish desi-themed dinner, as the restaurant lights up with many earthen lamps – diyas, and the chefs prepare a buffet of classic Indian home-style favourites.  Some exquisite highlights for the lavish dinner buffet include Pani Puri, Samosa, Tandoori Chicken,...

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