Business & Money | Thursday 26 June, 2025 2:01 pm

UAE among elite global economies with strong & stable sovereign ratings from top three international credit rating agencies

The United Arab Emirates (UAE) Ministry of Finance announced that the world’s top three credit rating agencies – Fitch Ratings (Fitch), S&P Global (S&P), and Moody’s Investors Service (Moody’s) – have assigned sovereign credit rating for the United Arab Emirates. This step...

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Business & Money | Thursday 26 June, 2025 1:59 pm

UAE, China explore opportunities to strengthen cooperation in energy, renewables, industry, infrastructure

Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC, and Chairman of Masdar, conducted a working visit to the People’s Republic of China, where he met with senior Chinese government officials as well as top executives from leading...

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Business & Money | Thursday 26 June, 2025 1:53 pm

ADFD, GCCIA sign AED752 million agreement to expand GCC power grid connectivity with UAE

Abu Dhabi Fund for Development (ADFD) has signed a financing agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to support the expansion of the GCC power grid interconnection with the UAE’s national grid. Valued at AED752 million (US$205 million), the agreement...

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Business & Money | Thursday 26 June, 2025 1:51 pm

Masar OKs Dinar Financial’s acquisition of SAR 235M land plots

Shareholders of Umm Al Qura for Development and Construction Co. (Masar) approved the transactions and contracts concluded in 2024 with Dinar Financial Co., its subsidiaries, or affiliated investment funds, during the extraordinary general meeting (EGM) held on June 25. In a statement to...

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Business & Money | Thursday 26 June, 2025 1:48 pm

Dar Al Arkan completes SAR 2.8B USD-denominated sukuk issuance

Dar Al Arkan Real Estate Development Co. successfully completed its 14th sukuk issuance, marking the company's 10th tranche under its USD-denominated sukuk issuance program worth SAR 2.8 billion ($750 million).The order book for the sukuk was opened and closed on June 25, the company said in a...

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Business & Money | Wednesday 25 June, 2025 10:37 am

Dubai’s Omining unveils first African Site in Kenya’s Special Economic Zone

 Omining, the crypto infrastructure company based in Dubai and operating under the DMCC ecosystem, has expanded operations into Kenya. The company’s newly established facility in the Kenyan Special Economic Zone (SEZ) makes it one of the first large-scale Web3 deployments in East Africa by a ...

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Business & Money | Wednesday 25 June, 2025 9:26 am

EDGE, CS Group sign MoU to collaborate on tactical communications project

EDGE, one of the world’s leading advanced technology and defence groups, and CS Group – part of Sopra Steria, the European tech leader – specialising in the design, development, and implementation of tactical communication solutions and information systems, have signed a Memorandum of...

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Business & Money | Wednesday 25 June, 2025 9:24 am

FTA underscores importance of promptly registering for Corporate Tax

As part of its comprehensive campaign to raise awareness of Corporate Tax among business sectors, the Federal Tax Authority (FTA) held its third workshop of the year in Ras Al Khaimah (RAK), dedicated to familiarising participants with the rules for determining taxable income under the Corporate...

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Business & Money | Wednesday 25 June, 2025 9:22 am

Al Mal Capital REIT announces follow-on public offering, 3.75% dividend for H1 2025

Al Mal Capital REIT (AMC REIT) the first REIT listed on the Dubai Financial Market (DFM), regulated by the Securities and Commodities Authority (SCA), and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC, is inviting existing unitholders, as well as UAE and GCC individual and...

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Business & Money | Wednesday 25 June, 2025 9:20 am

SEDD promotes economic, investment opportunities with Oman

Sharjah Economic Development Department (SEDD) organised a virtual workshop in coordination with UAE Embassy in the Sultanate of Oman and Oman Chamber of Commerce and Industry (OCCI). The workshop aimed to promote promising economic sectors and investment opportunities in the emirate of...

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