Business & Money | Friday 17 November, 2023 8:23 am

Egypt's e-Finance Chairman says PIF begins to raise stake by 2%

Ibrahim Sarhan, Chairman and Managing Director of Egypt-based e-Finance for Digital & Financial Investments, said the Public Investment Fund (PIF) filed an application a month ago with the Egyptian Financial Regulatory Authority (FRA) to raise its stake in the company by nearly...

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Business & Money | Friday 17 November, 2023 8:21 am

GACA issues Oct. airport performance report

The General Authority of Civil Aviation (GACA) issued its monthly report on the performance of domestic and international airports in Saudi Arabia for October.   The airports are assessed according to 11 basic performance measurement criteria.   King Abdulaziz...

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Business & Money | Friday 17 November, 2023 8:12 am

Global Media Congress concludes after three days of vibrant discussion and collaborative creativity

On the final day Global Media Congress, attendees and speakers reflected on a series of groundbreaking sessions that provided insights into the current media landscape as well as its future trends. With the Congress having broken records in terms of attendee numbers, speaker participation and...

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Business & Money | Friday 17 November, 2023 7:55 am

CHALHOUB GROUP LAUNCHES NEW TRAVEL RETAIL CONCEPT AT KING ABDULAZIZ INTERNATIONAL AIRPORT, SAUDI ARABIA

Chalhoub Group launched “The Visitor”, a new travel retail concept brand, with its first location at King Abdulaziz International Airport in Jeddah, Saudi Arabia. This launch marks the Group’s first flagship in the dynamic landscape of travel retail in the Kingdom. With an...

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Business & Money | Friday 17 November, 2023 7:51 am

Azizi Developments extends partnership with German-based Maschinenbau Halberstadt GmbH for Creek Views II and Pearl

Azizi Developments, a leading private developer in the UAE, has extended its partnership with Maschinenbau Halberstadt GmbH, the renowned German manufacturer of high-quality, reliable, and environmentally friendly power-generating sets, to source top-tier diesel generators as backup power for...

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Business & Money | Friday 17 November, 2023 7:49 am

GCC Commercial Arbitration Centre Takes Center Stage at Dubai Arbitration Week!

The GCC Commercial Arbitration Centre actively participated in Dubai Arbitration Week 2023, hosted by Dubai International Arbitration Centre from November 13 to 17. The event brought together global arbitration centers and esteemed professionals specializing in commercial dispute...

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Business & Money | Friday 17 November, 2023 7:42 am

DAMAC Unveils a Premier Night Golf Experience at Trump International Golf Club Dubai

As winter sets in, DAMAC proudly announces the launch of its Night Golf facilities on the championship course at the renowned Trump International Golf Club Dubai, adding a touch of exhilaration to the overall golfing experience. Situated within the heart of DAMAC’s flagship master community, ...

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Business & Money | Friday 17 November, 2023 7:37 am

UAE’s EIGHTClouds Private Equity Acquires Homegrown Legacy Uniform Manufacturer, Stitches in a Deal Worth over AED 30 Million

EIGHTClouds Private Equity, the prestigious UAE-based firm renowned for backing consumer brands with unique competitive advantages, announced today its acquisition of Stitches, a homegrown UAE legacy uniform manufacturing and production company founded in Dubai in 1995. This acquisition, worth ...

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Business & Money | Friday 17 November, 2023 6:59 am

Tabreed Announces its 9M 2023 Results, with a 10% Rise in Revenue to AED 1.8 Billion

Tabreed, the world’s leading district cooling company reported its financial results for the nine-month period ending 30 September 2023. During the first nine months of the year, Tabreed sustained positive momentum, recording a robust top line of AED 1.8 billion, a 10% increase year-on-year,...

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Business & Money | Friday 17 November, 2023 6:17 am

Safran Signs Exclusive Nacellelife TM Service Contract With Saudia For The Nacelles Of All Its Airbus A320neo Fleet

Saudia, the national flag carrier of Saudi Arabia signed an agreement with Safran Nacelles at the Dubai Airshow 2023. The agreement focused on the comprehensive support of nacelles for Saudia's 35 Airbus aircraft from the A320neo family, powered by the CFM International 1 LEAP-1A turbofan engines....

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