Business & Money | Sunday 17 September, 2023 8:40 am

Future Food Forum 2023 to continue pioneering advancement of F&B sector in the region

UAE Food & Beverage Business Group (F&B Group), under the patronage of the UAE Ministry of Economy and Dubai Chamber of Commerce, announced the 5th edition of the Future Food Forum 2023, which continues to drive the progress of the F&B sector and symbolises the relentless efforts of key ...

More Details

Environment & Energy | Sunday 17 September, 2023 8:38 am

“Ports, Customs and Free Zone” plant 400 Mangrove Trees in Jebel Ali

On the occasion of the International Day for the Preservation of the Ozone Layer, the Department of Planning and Development - Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation (PCFC), organized an environmental initiative to plant 400 mangrove trees to help reduce carbon ...

More Details

Environment & Energy | Saturday 16 September, 2023 2:47 am

IEA forecast of peak fossil fuel demand ‘impractical’: OPEC

The Organization of the Petroleum Exporting Countries (OPEC) criticized on Sept. 14 the International Energy Agency’s (IEA) forecast that demand for fossil fuels like coal, oil and gas will peak before the end of the decade, describing such a narrative as “extremely risky,” “impractical”...

More Details

Business & Money | Saturday 16 September, 2023 2:44 am

ROSHN has SAR 10 bln cash to finance real estate projects: CEO

ROSHN Real Estate Co., a wholly-owned subsidiary of the Public Investment Fund (PIF), has nearly SAR 10 billion in its balance sheet to finance real estate projects, CEO David Grover told Asharq. Although ROSHN has not yet withdrew the SAR 6 billion credit facilities secured from three local...

More Details

Business & Money | Saturday 16 September, 2023 1:55 am

Safa Investment undertakes over SAR 4.5 bln projects: CEO

Safa Investment Co. currently undertakes projects of over SAR 4.5 billion.   CEO Moath Alzaid told Argaam on the sidelines of the EFG Hermes Saudi Forum in London that Safa plans to supply a number of quality residential complexes and units, noting that the occupancy rate at...

More Details

Government | Saturday 16 September, 2023 1:47 am

Minister of Economy meets officials, investors from China, Hong Kong

Abdullah bin Touq Al Marri, Minister of Economy, held talks with high-level officials and investors from China and Hong Kong.During the talks, the two sides discussed ways of enhancing their economic relations and finding new opportunities to deepen the strategic partnership between the two...

More Details

Business & Money | Saturday 16 September, 2023 1:46 am

UAE and China’s Hainan Province sign multiple deals to boost cooperation in priority sectors

The UAE and China's Hainan Province have signed four major private-sector agreements aimed at boosting the rapidly expanding bilateral trade and investment ties. The signing ceremony took place during the Hainan Promotion Conference in Dubai, and was attended by Dr. Thani bin Ahmed Al Zeyoudi, ...

More Details

Business & Money | Saturday 16 September, 2023 1:42 am

Aramco acquires Esmax, enters Latin America’s retail market

Saudi Aramco agreed to purchase a 100% equity stake in Esmax Distribusción SpA (Esmax) from Southern Cross Group, a Latin America-focused private equity company.     Esmax is a leading diversified downstream fuels and lubricants retailer in Chile. Its national presence...

More Details

Government | Saturday 16 September, 2023 1:35 am

GAC files criminal cases against 43 establishments in car market

The General Authority for Competition (GAC) brought charges against several car agents and distributors, deciding to file criminal cases against 43 establishments in the sector and 24 in other segments. It will also hold investigations into the collusion of eight establishments for SAR 600 million...

More Details

Business & Money | Saturday 16 September, 2023 1:22 am

Lunate launches in Abu Dhabi with over $50bn of AuM

Lunate, a new Partner-led and independent global alternative investment manager, today announced it will launch with more than US$50 billion of Assets under Management (AuM), making it one of the largest in the MENA region. The creation of Lunate follows a multi-party effort to establish an...

More Details