Business & Money | Friday 25 August, 2023 1:45 pm

Financial, realty blue chips continue to drive UAE stock markets

The UAE stock markets Thursday continued to capitalise on improved investor sentiments, with blue-chip industrial, banking and real estate stocks leading the gainers in the capital's bourse, with financials, industrials, and communication services driving the Dubai Financial Market, with both...

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Business & Money | Friday 25 August, 2023 1:36 pm

Abu Dhabi Maritime launches Marina Awards to recognise excellence across MENAT region

Abu Dhabi Maritime, part of AD Ports Group, in collaboration with the Department of Municipalities and Transport (DMT), has announced that entries can now be submitted to the inaugural “Abu Dhabi Maritime Awards (Marinas Edition)”. This brand-new awards programme aims to recognise...

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Business & Money | Friday 25 August, 2023 1:31 pm

UAE's inclusion into BRICS opens up significant development prospects: Minister of Economy

Abdullah bin Touq Al Marri, Minister of Economy, said that the UAE's inclusion into the BRICS opens up significant development prospects thanks to the presence of a number of the world's fastest growing economies, namely Brazil, Russia, India, China, and South Africa. “UAE's BRICS membership ...

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Business & Money | Friday 25 August, 2023 1:27 pm

Borouge’s PP5 unit generates $209 million sales in H1 2023, driving sustainable growth

Dr. Hasan Karam, Borouge's Chief Operating Officer, has said that the fifth polypropylene unit (PP5) played a significant role in H1 2023, contributing $209 million (AED767 million) in polypropylene material sales, representing 22% of the Company's propylene sales and 10% of our overall...

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Business & Money | Friday 25 August, 2023 1:26 pm

AED268.6 billion in saving deposits held by UAE banks until end of June 2023

Savings Deposits held by UAE banks, excluding interbank deposits, amounted to AED268.6 billion by the end of June 2023, according to the latest statistics from the Central Bank of the UAE. The apex bank's statistics showed these deposits increased by 5.8 percent on a monthly basis, or AED14.8...

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Tourism & Hospitality | Friday 25 August, 2023 2:35 am

Emirates flies over 14 million passengers June-August

Emirates, the world’s largest international airline, marks one of its busiest summers ever, carrying over 14 million passengers with average seat load factors exceeding 80 percent across its global network between June and August.Looking at the coming months, Emirates’ booking trends show...

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Business & Money | Friday 25 August, 2023 12:13 am

Ministry of Industry unveils top 10 SIRI factories

Saudi Ministry of Industry and Mineral Resources announced the top 10 factories in the global Smart Industry Readiness Index (SIRI) until August 2023, within the Future Factories Program, the minister said on X messaging app (formerly Twitter).    City Cement Co. came...

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Business & Money | Friday 25 August, 2023 12:06 am

Budget Saudi signs non-binding MoU to fully acquire AutoWorld subsidiary

United International Transportation Co. (Budget Saudi) signed today, Aug. 24 a non-binding memorandum of understanding (MoU) with the Saudi Economic and Development Holding Co. (SEDCO) to fully acquire its subsidiary, Al-Jazira Equipment Co. Ltd (AutoWorld), by issuing shares to the subsidiary...

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Government | Thursday 24 August, 2023 11:59 pm

Saudi Arabia gets official nod to join BRICS

BRICS officially agreed to include the Kingdom of Saudi Arabia in the group, in addition to other countries.     In a statement, the group announced approval of the inclusion of Egypt, Argentina, Ethiopia, the UAE and...

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Tourism & Hospitality | Thursday 24 August, 2023 3:41 pm

DoubleTree by Hilton Sharjah Waterfront Hotel & Residences Hosts Successful Medical Camp in Partnership with Prime Medical Center

DoubleTree by Hilton Sharjah Waterfront Hotel & Residences is pleased to announce the successful execution of a health-focused initiative in collaboration with Prime Medical Center. On the 23rd of August 2023, the hotel proudly conducted a comprehensive medical camp within its premises, aimed...

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