Business & Money | Tuesday 31 October, 2023 8:40 am

Over 100% surge in regular savers in 2023: National Bonds

National Bonds, the UAE’s savings and investment company, reported a substantial surge in its customer base in 2023 with over 40,000 new customers, a remarkable increase of more than double, compared to the previous year.At the same time, over the past five years, National Bonds has achieved a...

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Business & Money | Tuesday 31 October, 2023 8:38 am

ADGM publishes amendments to its Beneficial Ownership and Control Regulations

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi has issued an updated version of the Beneficial Ownership and Control Regulations 2022 (BOC Regulations), which repealed and replaced the existing Beneficial Ownership and Control Regulations 2018.These new BOC...

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Business & Money | Tuesday 31 October, 2023 8:18 am

Partnership between Salik and AW Rostamani - Arabian Automobiles to foster customer experience

Salik Company P.J.S.C., the exclusive toll gate operator in the Emirate of Dubai, has entered into a strategic partnership with Arabian Automobiles Company - the flagship company of the AW Rostamani Group and the exclusive dealer for Nissan, INFINITI and Renault in Dubai, Sharjah, and the Northern...

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Business & Money | Monday 30 October, 2023 2:37 pm

The Ministry of Economy and Planning announces the winners of UpLink’s ‘Smarter Climate Farmers Challenge’

The Ministry of Economy and Planning announced on October 29 the 12 winners of the WEF UpLink ‘Smarter Climate Farmers Challenge’, the second of two food ecosystem innovation challenges launched in partnership with the open innovation platform of the World Economic Forum...

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Business & Money | Monday 30 October, 2023 2:34 pm

AlUla Development Company signs agreement to open luxury hotel, Six Senses AlUla

AlUla Development Company, fully owned by the Public Investment Fund (PIF), has signed a hotel management agreement with Six Senses – a luxury resort, spa and hotel operator – to open Six Senses AlUla in Saudi Arabia in 2027. The agreement was signed by Fabien Toscano, Chief Executive...

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Business & Money | Monday 30 October, 2023 1:45 pm

Under UAE President's patronage, Sheikh Zayed Festival to begin 17th November

Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the Sheikh Zayed Festival 2023 is set to take place from 17th...

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Business & Money | Monday 30 October, 2023 1:37 pm

GESS Dubai Officially Opens 16th Edition at Dubai World Trade Centre

Left to right: H.E. Dr. Abdulrahman Mohammed Alasmi, Director General of the Arab Bureau of Education for the Gulf States; H.E. Dr. Mohammed Mubarak Juma, Bahrain Minister of Education; H.E. Dr. Omar Al Dhaheri, Acting Executive Director for School Operations at Abu Dhabi from the Emirates Schools...

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Business & Money | Monday 30 October, 2023 11:16 am

Hamriyah Freezone Authority, Amazon UAE sign Lease Agreement for new logistics centre

Hamriyah Freezone Authority (HFZA) and Amazon UAE have signed a lease agreement for a new logistics centre which will enhance delivery services for customers in the Northern Emirates. In line with HFZA's vision to bolster economic growth and innovation in the region, the agreement supports Amazon...

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Business & Money | Monday 30 October, 2023 11:08 am

Borouge reports 22% Q3 2023 net profit increase

Borouge Plc has reported a net profit of $282 million (AED1.04 billion) for the quarter ended 30th September, marking a 22% increase over the previous quarter. Strong production performance, targeted cost management and revenue optimisation from its ambitious Value Enhancement Programme helped ...

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Business & Money | Monday 30 October, 2023 11:00 am

ACWA Power starts Sudair Solar PV phase 2 commercial operation

ACWA Power Co. received on Oct. 29 the commercial operation certificate from the Saudi Power Procurement Co. (SPPC) for the phase 2 of Sudair Solar Photovoltaic (PV) project.   In a statement to Tadawul, ACWA Power pointed out that phase 2 includes a 25% addition to phase 1,...

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