The Ministry of Finance (MoF) has launched the "Digital Consultation" initiative as part of its ongoing efforts to implement the Zero Government Bureaucracy Programme, designed by the UAE government to enhance living standards and foster an environment conducive to business and attracting...
The UAE Ministry of Industry and Advanced Technology on Friday joined its BRICS counterparts on the launch of a Centre for Industrial Competences in cooperation with the United Nations Industrial Development Organisation (UNIDO) to support the development of Industrial skills and...
The real estate market in Ajman continues its upward trend, recording 1468 real estate transactions in July with a total value of over AED2 billion, a growth of 42.85 percent year-on-year. Omar bin Omair Al Muhairi, Director-General of Ajman's Department of Land and Real Estate Regulation,...
The Saudi Authority for Industrial Cities and Technology Zones (MODON) signed a contract with Welspun Middle East Pipes for the allocation of 493,000 square meters of industrial land in Dammam's Third Industrial City to localize the manufacturing of ductile pipes used in water transmission...
Mukamalah Aviation Company Limited, which is owned by Saudi Aramco, has announced its new brand, "Aloula Aviation." According to a company statement, the name was chosen for its historical significance as the first provider of civil aviation services in the Kingdom. It is...
The Royal Commission for Riyadh City (RCRC) announced commencing the implementation of a program to develop ring roads and main roads in Riyadh city. It awarded four projects, which include the first group of the program, at a value exceeding SAR 13 billion. Contracts for projects of...
The Capital Market Authority (CMA) has issued approval for the SNB Capital to float the units of Ehsan Waqf Fund in an initial public offering (IPO), according to a statement to Tadawul. ...
Initial public offerings (IPOs) in the UAE markets raised US$890 million in the second quarter (Q2) of this year, according to a recent economic report. The PwC Middle East’s latest IPO+ Watch said that notable IPOs in the second quarter included Alef Education on the Abu Dhabi Securities...
Amanat Holdings PJSC (“Amanat” or the “Company”) (DFM symbol: AMANAT), the leading healthcare and education listed investment company, announced its financial results for the six-month period ended 30 June 2024 (H1 2024). Revenue grew by 17% year-on-year to AED 433 million in H1 2024...
A strategic consortium comprising Abu Dhabi Sustainable Water Solutions Company (SWS), Marubeni Corporation, and Suez, has signed a joint development agreement with the Ministry of Investment, Industry and Trade of Uzbekistan, and Uzsuvtaminot JSC for the development of a wastewater treatment plant ...