UAE President receives phone call from US Vice President

President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received a phone call from Kamala Harris, Vice President of the United States, to discuss concerted efforts to enhance the urgent humanitarian response in the Gaza Strip and bolster the provision of humanitarian assistance to civilians impacted by escalating military activity. His Highness and the […]

Pure Health , Dell partner to advance healthcare services in Abu Dhabi

PureHealth has partnered with Dell Technologies to leverage generative artificial intelligence (GenAI) across healthcare services including early disease detection, medical data analysis and personalised treatment plans to advance Abu Dhabi’s health ecosystem further. The partnership will harness the collective resources and technologies of both entities to improve health outcomes by ensuring access to advanced medical […]

DFSA hits FFA Private Bank with $370,000 fine over system failures

Dubai financial regulator has fined FFA Private Bank (FFA) $373,842 (Dhs1.4m) for having inadequate systems and controls to identify, assess and report trading, which exhibited suspicions of market abuse between February 2018 and March 2021. The Dubai Financial Services Authority (DFSA) said the weaknesses in FFA’s systems and controls meant that the company failed to identify […]

Alpha Dhabi posts double digit growth for Q3 results

Alpha Dhabi Holding (Alpha Dhabi), one of the fastest-growing investment holding companies in the MENA region, listed on the Abu Dhabi Securities Exchange, announced its financial results for the period ending September 30. Alpha Dhabi reported robust financial results, with a noteworthy 29 per cent year-on-year increase in net profit, surging to Dhs11.6bn, as compared […]

Sheikh Hamdan launches ‘Dubai Program for Gaming 2033’

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai has launched “Dubai Program for Gaming 2033”, an initiative that seeks to position the city among the top 10 cities in the global gaming industry. The initiative is aimed at significantly increasing the sector’s contribution […]

Alpha Dhabi acquires stake in NTS Amega Global

Alpha Dhabi Holding has acquired a 51 percent stake in NTS Amega Global, a renowned cutting-edge manufacturing, repair, and rental solutions provider in the Oil & Gas sector. With this acquisition, NTS Group cements its position as a global frontrunner in producing drilling, subsea, top-side, and process components. This encompasses repairing Measuring and Logging While […]

ADCCI pens MoU with Abu Dhabi Convention & Exhibition Bureau

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Convention and Exhibition Bureau, part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) in order to enhance cooperation between the two entities. The MoU also intends to enhance joint coordination […]

DSO bags 4 accolades from fDi’s Global Free Zones awards 2023

Dubai Silicon Oasis (DSO), the economic zone for knowledge and innovation and a member of the Dubai Integrated Economic Zones Authority (DIEZ), has received four accolades from Financial Times’ fDi Magazine Global Free Zones of the Year Awards. The awards are the Global Free Zone of the Year for SMEs, the Middle East Free Zone […]

DGCX launches GCC’s 1st Shari’ah Compliant Silver Spot Contract

The Dubai Gold & Commodities Exchange (DGCX), the largest and most diversified derivatives exchange in the Middle East, has launched GCC’s first Shari’ah Compliant Silver Spot Contract (DSSC), to provide investors with a reliant and transparent platform for trading the white metal. Having received regulatory approval from the UAE Securities and Commodities Authority (SCA), the […]

Bahrain’s GFH acquires Saudi food services and logistics company for $133mln

Bahrain’s GFH Financial Group has confirmed it will acquire a Saudi Arabian food services and logistics business for SAR 500 million ($133 million). In a statement to Dubai Financial Market (DFM), GFH said the company had an enterprise value of SAR 500 million. Razi Al Merbati, CEO of GFH Capital S.A., said: “This transaction will […]