Business & Money | Tuesday 4 March, 2025 12:23 pm

SAIF Zone receives high-level Indian delegation to boost investments in gold & jewellery sector

The Sharjah Airport International Free Zone (SAIF Zone) has received a high-level delegation from India, with more than 60 members representing leading companies in the gold and jewellery sector. During the visit, the delegation explored the state-of-the-art services and infrastructure that...

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Business & Money | Tuesday 4 March, 2025 12:21 pm

DEWA, Parkin support future of electric vehicles with new charging stations in Q1 2025

Parkin Company PJSC (Parkin), the largest provider of paid public parking facilities and services in Dubai, announced an update to its electric vehicle (EV) charging partnership with Dubai Electricity and Water Authority (DEWA). As part of the first phase of this sustainability initiative, DEWA...

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Business & Money | Tuesday 4 March, 2025 12:19 pm

Over 15,000 Chinese companies operating in UAE markets: Minister of Economy

Investopia 2025 hosted a new edition of the China-Arab Entrepreneurs Summit, under the theme “Seizing New Opportunities,” in the presence of Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia; Jean-Pierre Raffarin, Co-Chairman of Sino-International Entrepreneurs...

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Business & Money | Tuesday 4 March, 2025 12:16 pm

ADNOC to create AED220+ billion global chemicals powerhouse - Borouge Group International

ADNOC and Austria’s OMV have announced today that they will merge their shareholdings in Borouge plc and Borealis AG to create Borouge Group International. This new combined company will then acquire NOVA Chemicals Corporation, a North American producer, for AED49.2 billion. With the...

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Business & Money | Tuesday 4 March, 2025 12:13 pm

International Holding Company signs MoU with Lunate to join Ghaf Benefits

Lunate, an Abu Dhabi-based global investment manager, today announced the signing of a Memorandum of Understanding with International Holding Company (IHC), the global investment company focused on building dynamic value networks, to explore enrolling IHC and its portfolio companies in the Ghaf...

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Business & Money | Tuesday 4 March, 2025 12:06 pm

Rawasi Albina completes SAR 50M sukuk issue

Rawasi Albina Investment Co. completed the first series of its SAR-denominated sukuk issuance, worth SAR 50 million. DetailsIssue TypeSeries 1 of SAR-denominated sukuk, which will be offered through a public issuanceIssue ValueSAR 50 mlnTotal Number of Sukuk50,000Par ValueSAR...

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Business & Money | Tuesday 4 March, 2025 12:00 pm

GCC initiates review of anti-dumping duties on ceramic tiles from China, India

The General Secretariat of the Gulf Cooperation Council (GCC) announced that the Standing Committee for Combating Harmful Practices in International Trade decided to initiate a review investigation into the anti-dumping duties imposed on GCC imports of ceramic and porcelain tiles.  This...

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Business & Money | Tuesday 4 March, 2025 11:57 am

BAAN Holding exits Newrest, launches catering ops in NEOM residential project

BAAN Holding Group Co. ceased its partnership with Newrest Catering Services Co., a joint venture (JV) formed to provide catering and hospitality services, in which the former held a 50% stake. In a statement to Tadawul today, March 3, BAAN Holding explained that under the move, it assumed...

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Business & Money | Tuesday 4 March, 2025 11:51 am

Parkin aims for 30% revenue rise in 2025, eyes expansion in Saudi Arabia: CEO

Dubai-listed Parkin expects its revenues to increase by about 30% from AED 405 million to AED 520 million in 2025, after the implementation of the variable tariff, CEO Mohamed Al Ali said. Discussions with Dubai’s Roads and Transport Authority (RTA) are at an advanced stage to finalize the...

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Business & Money | Tuesday 4 March, 2025 11:45 am

PIF, Goldman Sachs sign MoU on investment in Saudi Arabia, GCC

The Public Investment Fund (PIF) and Goldman Sachs Asset Management today announced the signing of a non-binding memorandum of understanding (MoU) for PIF to act as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider GCC region. The new ...

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