15 Safar 1447 - 9 August 2025
    
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Eye of Dubai

MoF launches ‘Digital Consultation’ to support Zero Government Bureaucracy Programme
Business & Money | Saturday 17 August, 2024 12:00 am
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...
UAE joins BRICS partners to launch Centre for Industrial Competences
Government | Saturday 17 August, 2024 12:00 am
 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...
Ajman real estate market soars with AED2 billion in July transactions, up 42.85%
Business & Money | Saturday 17 August, 2024 12:00 am
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,...
MODON, Welspun sign deal to localize ductile pipe production
Business & Money | Friday 16 August, 2024 12:29 am
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...
Aramco’s Mukamalah launches new brand ‘Aloula Aviation’
Business & Money | Friday 16 August, 2024 12:27 am
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...
RCRC awards 4 road projects in Riyadh at over SAR 13B
Business & Money | Friday 16 August, 2024 12:25 am
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...
SNB Capital gets regulatory approval of Ehsan Waqf Fund IPO
Business & Money | Friday 16 August, 2024 12:18 am
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. ...
UAE IPOs raise $890 million in Q2 2024
Business & Money | Thursday 15 August, 2024 10:43 am
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 delivers revenue growth of 17%, announces interim dividend of AED 75 mn
Business & Money | Thursday 15 August, 2024 10:41 am
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...
Abu Dhabi Sustainable Water Solutions-led consortium to develop Uzbekistan's largest wastewater treatment plant
Business & Money | Thursday 15 August, 2024 10:38 am
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 ...
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