Business & Money | Sunday 9 June, 2024 9:58 am

Saudi Aramco details shareholding post-allocation

Saudi Arabian Oil Co. (Saudi Aramco) announced shareholding details pursuant to the final allocation of the fully marketed offering of 1.545 billion shares, in which the majority of the shares constituting the institutional tranche of the offering was allocated to investors located outside of the...

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Business & Money | Sunday 9 June, 2024 9:54 am

MIS signs contract to lease data center; value exceeds 50% of revenues in 2023

Al Moammar Information Systems Company - MIS signed a joint contract with Microsoft Arabia Limited and the Saudi Data Center Fund 1, for the purpose of leasing and providing data center services.MIS signs contract to lease data center; value exceeds 50% of revenues in 2023. The...

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Business & Money | Sunday 9 June, 2024 9:26 am

Abu Dhabi launches the unified economic licence to enhance ease of doing business

The Abu Dhabi Department of Economic Development (ADDED) in collaboration with the           Abu Dhabi Free Zones Council launched the Unified Economic License in Abu Dhabi, spearheaded by Khalifa Economic Zones Abu Dhabi (KEZAD Group), Abu Dhabi Airports Free Zone (ADAFZ), ...

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Business & Money | Sunday 9 June, 2024 9:24 am

Deloitte admits 32 new partners for the Middle East region

Deloitte, the largest professional services network in the world, has further grown its leadership team in the Middle East with the admission of 32 new partners on June 1, 2024 in addition to 23 lateral hire partners in the last 11 months.  Mutasem Dajani, CEO, Deloitte Middle East, said: ...

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Business & Money | Sunday 9 June, 2024 9:18 am

RAKEZ inks MoU with Indian Chamber of Commerce to boost UAE-India economic ties

 Ras Al Khaimah Economic Zone (RAKEZ) signed a Memorandum of Understanding (MoU) with the Indian Chamber of Commerce (ICC) to enhance business opportunities and foster economic growth between the UAE and India. The MoU was signed by RAKEZ Group CEO Ramy Jallad and ICC Regional Director...

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Business & Money | Sunday 9 June, 2024 8:46 am

Azizi Developments hits 61% sales for Azizi Venice

Azizi Developments, a leading private developer in the UAE, has announced having sold more than 61% of the units across its released buildings in its luxury mixed-use development, Azizi Venice, located in Dubai South.  Azizi Venice will comprise more than 30,000 residential units across...

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Business & Money | Sunday 9 June, 2024 8:44 am

Dubai Ranks First Globally in FDI for Cultural and Creative Industries 2023

Dubai has topped the Foreign Direct Investment (FDI) Index for cultural and creative industries in 2023, according to the 'fDi Markets' report by the Financial Times. This ranking reaffirms Dubai’s leadership and enhances its competitiveness as a global capital of the creative economy. The...

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Business & Money | Saturday 8 June, 2024 12:23 pm

MIE Events DMCC Announces Strategic Partnership with the International Exhibition of Pharmacy and Machinery (IEPM) for CTW Global 2024

MIE Events DMCC, the organizer of the successful CTW Global exhibition and summit, is thrilled to announce a strategic partnership with Al Madinah Al Dwala Exhibition and Conference Management (AMADEC) for the upcoming edition this year. This collaboration brings the International Exhibition of...

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Business & Money | Saturday 8 June, 2024 5:02 am

Hajj 2024 campaign prices lower than last year: Minister

Minister of Hajj and Umrah, Tawfig Al-Rabiah, said that the number of pilgrims who have arrived from outside the Kingdom to perform Hajj reached 1.2 million so far.   The minister added, during a press conference today, that the prices of Hajj campaigns this year are lower compared...

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Business & Money | Saturday 8 June, 2024 5:00 am

Housing Minister inaugurates Makkah Gate Suburb

Minister of Municipal, Rural Affairs, and Housing, Majid Al-Hogail inaugurated the Makkah Gate Suburb, the first urban suburb of the National Housing Co.’s (NHC) housing project in the holy city.   NHC stated that the suburb spans an area of over five million square meters (sqm)...

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