Business & Money | Sunday 8 October, 2023 9:02 am

PIF signs MoU to subscribe to new cash shares in Saudi Re via capital hike

Saudi Reinsurance Co. (Saudi Re) signed on Oct. 7 a non-binding memorandum of understanding (MoU) with the Public Investment Fund (PIF), under which the fund will subscribe to new cash shares in the former by way of capital increase while suspending preemptive rights of the current...

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Business & Money | Sunday 8 October, 2023 8:55 am

Ladun subsidiary signs SAR 70.4 mln contract with Amaala for aluminum works

Ladun Investment Co. announced that Built Aluminum Factory (BAFCO), which is owned by its subsidiary Built Industrial Co., signed, on Oct. 5, a 451-day contract worth SAR 70.4 million worth contract with Amaala.   The contract aims at implementing aluminum and facade works at the...

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Environment & Energy | Sunday 8 October, 2023 8:51 am

MOCCAE and Tadweer sign MoU to launch global initiative to decarbonize waste management

As part of the Year of Sustainability and UAE's preparations for hosting the Conference of the Parties COP28, the Ministry of Climate Change and Environment (MOCCAE) and Abu Dhabi Waste Management Company (Tadweer) have signed a Memorandum of Understanding (MoU) to launch ‘Waste to Zero’, a...

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Environment & Energy | Sunday 8 October, 2023 8:43 am

UAE, Kyrgyzstan strengthening energy cooperation

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, led a high-level UAE delegation to the Kyrgyz Republic on a visit aimed to explore opportunities to enhance cooperation between the two countries in all fields. Sadyr Japarov, President of the Kyrgyz Republic, received Al...

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Business & Money | Sunday 8 October, 2023 8:35 am

Abu Dhabi National Exhibition Centre wins Best Venue Award at C&IT Awards

Abu Dhabi National Exhibition Centre, one of the ADNEC Group’s venues, won the “Best Venue - Rest of World” for 2023 at the International Conference & Incentive Tourism (C&IT) Awards, strengthening its position as one of the most prominent exhibition centres in the world. This came...

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Business & Money | Sunday 8 October, 2023 8:34 am

Dubai Customs Strengthens Partnerships with Courier Companies to Fuel E-commerce Expansion

Dubai Customs recently convened an extensive meeting with courier and express shipping companies, aimed at bolstering the seamless operation of e-commerce activities and solidifying Dubai's position as a global e-commerce epicenter, aligning with the strategic objectives of Dubai's economic agenda. ...

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Business & Money | Saturday 7 October, 2023 6:32 am

MoF, IMF explore latest developments in international monetary and financial systems

The UAE Ministry of Finance (MoF) held a meeting with the International Monetary Fund (IMF) Staff Mission at the Ministry’s headquarters in Abu Dhabi to discuss matters related to government budgets and revenues, overall monetary policies, debt management, tax policies and legislations, and...

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Business & Money | Saturday 7 October, 2023 6:29 am

Preparatory meetings for UMEX and SimTEX 2024 get underway

The Higher Organising Committee of the sixth edition of the Unmanned Systems Exhibition (UMEX) and Simulation and Training Exhibition (SimTEX) and the conference which accompanies them held its first meeting ahead of the launch of the largest edition in the history of the events. UMEX and...

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Business & Money | Saturday 7 October, 2023 6:26 am

FAB issues largest-ever USD tier 2 bond from a UAE Bank

First Abu Dhabi Bank (FAB), UAE's largest bank and one of the world's largest and strongest financial institutions, successfully issued its inaugural USD Tier 2 capital securities on Tuesday, September 26,2023. The USD 1 billion 10.5NC5.5-Year Tier 2 Bond is the largest-ever Tier 2 issuance...

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Technology & IT | Saturday 7 October, 2023 6:21 am

MBRSC SHOWCASES UAE’S GLOBAL IMPACT IN SPACE EXPLORATION AT IAC 2023 IN BAKU

The 74th International Astronautical Congress (IAC), the world’s premier space event held in Baku, Azerbaijan this year, with the Mohammed Bin Rashid Space Centre (MBRSC) as golden sponsor, concluded with a rousing closing ceremony on Friday. More than 5,200 space enthusiasts and participants...

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