“Abu Dhabi’s advanced digital and physical infrastructure, combined with the UAE’s strategic location at the heart of the world, allows us to drive positive, far-reaching impacts across industries and societies alike.” The…
Category: Market
Abu Dhabi's Burjeel Holdings to test healthcare capabilities in space
The two will work on sending a set of medical capabilities to space to further research on how the human body reacts in microgravity. These medical capabilities consist of technologies already in…
Oman shortlists companies for $1b wind farm project
The shortlist was created by Nama Power and Water Procurement Company, Oman’s main authority for power and water procurement, from a pool of 16 local and international developers that expressed interest in…
Saudi Arabia opens new metals and mining facility in Jeddah
The number of exploration permits surged to 259 in 2023, up from 58 in 2021, while licenses for building material quarries tripled to 538. Additionally, the London Metal Exchange, a commodities market…
Short sellers target Wizz Air amid budget airline price wars
With the outlook for travel weakening as consumers pull back on spending, short sellers are betting that one budget airline will fare worse than its European peers. Shares out on loan, an…
UAE defence-tech group Edge launches new space focused company 'Fada'
This will be done through a series of national and international partnerships and aiming for ‘vital synergies’ through transfer of technology and transfer of knowledge. On the manufacturing front, Fada FADA will try…
Al Ansari Financial Services to pay Dh157.5 million as H1-24 interim dividend
“This dividend reflects our robust financial performance and our commitment to returning value to our shareholders,” said Mohammad Ali Al Ansari, Chairman. “We are confident in our ability to continue to deliver sustainable…
On UAE tech, AI projects, freelance consultants pick up big jobs and with pay to match
Dubai: Are you freelancer with a track record of working on complex tech projects? Then, chances are that you will be in with a good chance to take on intense short-term contracts…
September 30 is record date for ADNOC Distribution shareholders to get H1-2024 dividend
In the first half of 2024, the company reported a 16% year-on-year increase in EBITDA to Dh1.89 billion, and a 7.7% spike in net profit to Dh1.17 billion. This was helped by higher…
Saudi Arabia’s agricultural funds boosts food sector, $533m loan
Dubai: Saudi Arabia’s agricultural development fund (ADF) approves $533.33 million (Dh1.9 billion) in loans and credit facilities to boost food sustainability and security across the country. This funding will support various agricultural…