Business & Money | Saturday 31 August, 2024 5:05 am

NMDC Group’s IPO of NMDC Energy oversubscribed within hours of Day 1

NMDC Group – P.J.S.C. (ADX: NMDC) announced today that the Initial Public Offering (IPO or Offering for 1.15 billion shares (Offer Shares) in its wholly owned subsidiary, NMDC Energy – P.J.S.C. (NMDC Energy) has been oversubscribed within hours of the first day of its subscription...

More Details

Government | Saturday 31 August, 2024 4:57 am

UAE participates in ninth Annual Meeting of New Development Bank Board of Governors

The UAE, represented by the Ministry of Finance, participated in the 9th Annual Meeting of the New Development Bank (NDB) Board of Governors for BRICS countries, held on 30th August in Cape Town, South Africa, under the theme “Investing in a Sustainable Future.” The UAE delegation was led...

More Details

Business & Money | Saturday 31 August, 2024 4:55 am

RAKEZ continues to empower businesses with key sales strategy session

Ras Al Khaimah Economic Zone (RAKEZ) recently hosted an interactive session on enhancing sales strategies titled “Sales Models to Drive Growth”. The event, held at RAKEZ Compass Coworking Centre, drew business leaders and sales professionals from the economic zone’s business community eager...

More Details

Healthcare | Saturday 31 August, 2024 4:54 am

GCC national patient with rare heart condition receives life-saving surgery at Cleveland Clinic Abu Dhabi

Cleveland Clinic Abu Dhabi, part of the M42 group, successfully performed life-saving open chest surgery to treat a 31-year-old patient, suffering from Chronic Thromboembolic Pulmonary Hypertension (CTEPH). This life-threatening condition is caused by high pressure within the pulmonary artery...

More Details

Business & Money | Saturday 31 August, 2024 4:53 am

Jebel Ali Port hits new monthly container handling record

DP World's Jebel Ali Port set a new monthly container throughput record in July, handling 1,400,000 TEUs (Twenty-Foot Equivalent Units) and topping its previous high set in 2015. This follows a strong performance in the first half of 2024, with the port handling 7.3 million TEUs, up 3.9...

More Details

Sports | Saturday 31 August, 2024 4:48 am

ADIHEX Welcomes Experience Abu Dhabi as the Official Destination Sponsor for the 21st Edition

The Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) is delighted to announce Experience Abu Dhabi, the destination brand of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), as the official destination sponsor for its 21st edition. This year’s event,...

More Details

Business & Money | Saturday 31 August, 2024 4:42 am

Nvidia greatly impacts markets much like Fed: Analyst

Whatever US chipmaker Nvidia does greatly impacts markets just like the Federal Reserve, Mohamed El-Erian, economist at Allianz, said on his X account.   He added that "don't fight the Fed" has long been a common mantra in capital markets. However, market chatter these days suggests...

More Details

Business & Money | Saturday 31 August, 2024 4:39 am

Monsha'at: 56 brands mull granting franchises in Saudi Arabia

Small & Medium Enterprises General Authority (Monsha'at) stated that 56 companies are exploring the possibility of granting franchises following the second round of the Saudi government's franchise program. The move aims to enhance growth and expand investment opportunities for companies...

More Details

Business & Money | Saturday 31 August, 2024 4:37 am

GEA Chairman says plans to list webook on Saudi exchange

Webook platform is expected to become a billion-dollar company, with plans to list it on the Saudi exchange, Turki Al-Sheikh, Chairman of the General Entertainment Authority (GEA), said on his X account.   He highlighted the impressive achievements of the platform in less than a...

More Details

Business & Money | Saturday 31 August, 2024 4:32 am

Fitch affirms US ‘AA+’ rating with stable outlook

Fitch affirmed the US credit rating at “AA+” with stable outlook, reflecting its structural strengths including high per capita income and financial flexibility. The agency said the country's financial situation would likely remain unchanged regardless of who wins the presidential...

More Details