UAE, Malaysia sign Comprehensive Economic Partnership Agreement to deepen trade, investment ties

The United Arab Emirates and Malaysia have signed a Comprehensive Economic Partnership Agreement (CEPA) during a ceremony witnessed by President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Anwar Ibrahim, Prime Minister of Malaysia. The agreement is designed to accelerate bilateral trade, promote private sector collaboration, and create new opportunities for investment […]

EGA starts work on UAE’s largest aluminium recycling plant

Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has announced that work has begun on its new aluminium recycling plant at Al Taweelah located in the Khalifa Industrial Zone Abu Dhabi (Kizad). The 170,000-tonne per annum facility is coming up next to EGA’s existing smelter and once completed […]

Abu Dhabi-based PureHealth announces intention to list on ADX

Healthcare giant PureHealth Holding has announced its intention to proceed with an initial public offering (IPO) and list its shares on the Abu Dhabi Securities Exchange (ADX). Trading on ADX is likely to commence in December subject to obtaining regulatory approvals and other required considerations. Hamad Al Hammadi, chairman of the Board of Directors of […]

Nakheel, etisalat by e& ink MoU, here’s how it will help new and old residents

Master developer Nakheel has signed a memorandum of understanding (MoU) with etisalat by e&, the telecom arm of e& in the UAE. As part of the agreement, Nakheel will contact its new and existing customers who rent or buy properties across its portfolio of residences via an automated message, allowing customers to connect directly with […]

EDGE inks key deals at airshow, includes Dhs239m UAS deal with defence ministry

Abu Dhabi-based EDGE Group and its entities signed key deals at the Dubai Airshow. The state-owned advanced technology and defence conglomerate comprises 25 companies that provide a diverse portfolio of military and civilian products, services, solutions, and related technologies. One of its entities, ADASI, an autonomous systems and services company, signed a Dhs239m contract to supply Garmoosha unmanned aerial systems […]

PayTabs unites with Tabby to boost GCC’s digital economy

PayTabs Group, MEASA’s award-winning payment solutions powerhouse, has partnered with Tabby, MENA’s leading shopping and financial services app, in order to power the growth of eCommerce across Saudi Arabia and the UAE. The collaboration aims to elevate businesses on the PayTabs Payments platform by offering Tabby’s interest and fee-free split payment solution creating a seamless […]

Looming Emirates 777X deal to kick-start Dubai Airshow: Report

Middle East carriers look set to order tens of billions of dollars of long-haul jets at the opening of the Dubai Airshow on Monday, as Emirates renews confidence in the delayed Boeing 777X while facing new competition from rivals like Turkish Airlines. Hosts Emirates and low-cost cousin flyDubai are expected to stamp their mark early […]

IHC consolidates ‘green businesses’ assets under Sirius International

Abu Dhabi conglomerate International Holding Company (IHC) is consolidating key ‘green businesses’ assets under its subsidiary, Sirius International Holding, leveraging disruptive technologies to engineer ‘sustainability solutions’ that combat climate change. The transfer of the four entities is aimed at driving digital transformation through investments. “The ownership transfer will include Green Energy Investment Holding, Green Enterprise […]

Economic licenses in Ajman grow by 11% in Q3-23: Ajman DED

The business movement report for the third quarter (Q3) of 2023, which is issued by the Department of Economic Development in Ajman (Ajman DED) revealed a growth in the total number of economic licenses by 11%. Considering the distribution of economic licenses by category, professional licenses came in first place with 51% of the total […]

Dubai approves general budget of $67bn for 2024-26 fiscal cycle

In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the Government of Dubai’s general budget for the fiscal cycle of 2024-2026, with total expenditures of AED246.6 billion. His Highness the Ruler of Dubai also approved Law No. (20) of […]