Business & Money | Friday 5 April, 2024 4:49 am

EDB boosts industrial GDP impact, reaching AED10.4 billion in total funding since 2021

Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, has unveiled a record increase in total financing since the launch of EDB’s strategy in 2021 to AED10.4 billion, bringing its cumulative contribution to the nation’s...

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Tourism & Hospitality | Friday 5 April, 2024 4:47 am

Emirates expands flight schedules ahead of Eid Al Fitr

Emirates will be expanding its schedules across the region with 19 additional flights during the upcoming Eid Al Fitr holiday period.This year, more than 150,000 customers are expected to fly with the airline during Eid Al Fitr across the region, with additional flights planned from Jeddah, Kuwait, ...

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Environment & Energy | Friday 5 April, 2024 4:45 am

NYUAD, Dolphin Energy sign agreement to boost sustainability, climate change research

A unique national capacity-building fellowship model offering outstanding Emirati graduates the opportunity to gain experience in a cutting-edge academic research environment was established through an agreement with Dolphin Energy to sponsor NYUAD’s Kawader Research Assistantship...

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Government | Friday 5 April, 2024 4:43 am

UAE Ministry of Finance spromotes social solidarity during the Holy Month of Ramadan

The UAE Ministry of Finance launched a series of community initiatives during the Holy Month of Ramadan, in line with its commitment to instil the values of giving within the society. These initiatives are part of the ministry’s ongoing efforts to empower people in need and improve their quality...

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Business & Money | Friday 5 April, 2024 4:30 am

Gulf consortium acquires 65% of Aster DM Healthcare’s GCC unit

Aster DM Healthcare Limited announced the separation of its business in the GCC and India into two independent entities.   Under the separation plan, a consortium led by Abu Dhabi Investment Council-backed private equity firm Fajr Capital acquired a 65% stake in Aster’s GCC arm....

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Business & Money | Friday 5 April, 2024 4:25 am

5 investors, local firm fined SAR 44.9M on capital market violations

Five investors were convicted of violating the Capital Market Law and fined SAR 3.5 million. Four investors and a local company were ordered to pay SAR 41.4 million due to the illicit gains achieved in their investment portfolios, in addition to another portfolio.   The Appeal...

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Business & Money | Friday 5 April, 2024 1:07 am

Riyad Bank says Riyad Capital IPO ‘under assessment’

Riyad Bank’s board of directors approved on April 3 to start assessment and preparation of a possible initial public offering (IPO) of its subsidiary, Riyad Capital for listing on the Saudi Exchange (Tadawul), according to a statement to Tadawul.   Riyad Bank and Riyad Capital ...

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Business & Money | Friday 5 April, 2024 12:04 am

Saudi Electricity redeems $1.5B sukuk due on April 8

Saudi Electricity Co. (SEC) fully redeemed its $1.5 billion international sukuk due on April 8, 2024, listed on Irish Stock Exchange (Euronext Dublin), issued on April 8, 2014.   In a statement to Tadawul, the company said 7,500 sukuk were redeemed at a par value of...

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Tourism & Hospitality | Thursday 4 April, 2024 4:35 pm

Sofitel Dubai The Palm announces Eid Al Fitr Holiday Escape

This April, luxury 5-star beach resort Sofitel Dubai The Palm is proud to announce its exclusive world of unparalleled luxury and indulgence with exclusive Eid Al Fitr staycation deals. Nestled on the pristine shores of Palm Jumeirah, the resort offers a sanctuary of opulence and tranquillity,...

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Tourism & Hospitality | Thursday 4 April, 2024 2:44 pm

Bring the family together with A.O.K. Kitchen Riyadh’s festive Eid breakfast!

The inclusive KAFD neighbourhood favourite is putting on a family-friendly display this long weekend, open to children and pets and celebrating the spirit of togetherness   Marking the end of the Holy Month of Ramadan, Eid al-Fitr is about coming together with loved ones, enjoying...

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