MBC Group inaugurates new headquarters in Riyadh
MBC Group, the Middle East region’s largest multimedia conglomerate, inaugurated its sprawling new headquarters complex in the capital city of Riyadh on Sunday. The colorful inaugural ceremony was held in the presence of Acting Minister of Media Dr. Majed Al-Qasabi, Minister of Transport and Logistics Eng. Saleh Al-Jasser, Chairman of the Board of Directors […]
UAE health ministry inks partnership deal with Mediclinic Middle East
The Ministry of Health and Prevention (MoHAP) has signed a memorandum of cooperation (MoC) with Mediclinic Middle East to strengthen mutual cooperation between the Ministry’s National Centre for Health Research (NCHR) and the group in the field of health and medical research, and explore avenues of developing and enhancing health research. Under the newly […]
ARIA Commodities announces $42mln investment projects in Hamriyah Free Zone
ARIA Commodities, the market specialist in the field of asphalt and distillates and storage infrastructure development, has announced it will invest a total of AED154 million in the construction of four plants in the Hamriyah Free Zone, including a Bitumen Plant, a Refinery, a Tire Cycling Plant, and a Storage Terminal. ARIA has also announced […]
Abdullah bin Zayed visits Israel’s Technion University
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, today visited the Technion, Israel’s Institute of Technology- the oldest university in the State of Israel and one of the world’s top educational institutions in the field of science and technology. The UAE Top Diplomat toured the university and was briefed […]
Dubai’s Emirates enters codeshare deal with US flag carrier United Airlines
Dubai’s long-haul operator Emirates Airline has entered a deal with American carrier United Airlines to expand its market presence and boost passenger access to hundreds of new destinations. The “historic” commercial agreement will see Emirates passengers bound to three major business US hubs – Chicago, San Francisco and Houston – easily connect onto United flights […]
Memphis Pharmaceutical’s approves loan from ADIB to settle $15.83mln debt
The board of directors of Memphis Pharmaceutical (MPCI) approved the financing package provided from Abu Dhabi Islamic Bank (ADIB) to settle the EGP 300 million debts of El-Gomhouria Company for Drugs, according to a statement published on September 14th. El-Gomhouria for Drugs’ debts have reached EGP 294.29 million so far. Memphis is one of […]
UAE: Collaboration, not competition, creates wins for neobanks, say CEOs
Digital banking apps are shaking things up and introducing a seamless, cost-effective, and flexible way of accessing financial services to customers in the UAE. Although some of the worst pandemic forecasts have not yet materialised, banks continue to face long-term revenue pressure and tighter competition. The opportunity to fast-track banking transformation has never been […]
Abu Dhabi cloud kitchen start-up The Cloud raises $10mln
UAE-based cloud kitchen start-up, The Cloud, has secured $10 million in a new funding round led by a consortium of venture investors. The Cloud is a B2B2C kitchen platform where food businesses can leverage their excess capacity by hosting third party restaurants. The investment, led by Middle East Venture Partners (MEVP) and Olayan Financing Company, […]
Bahrain and UAE review security co-ordination
Public Security chief Lieutenant General Tariq Al Hassan chaired the Interior Ministry’s delegation at the meeting of the Supreme Security Committee of Bahrain and the UAE in Abu Dhabi yesterday. The UAE delegation was chaired by its Interior Ministry Under-Secretary Major General Khalifa bin Harib Al Khaili. Lt Gen Al Hassan said directives by […]
FAB to finance Middle East sustainable projects with $75bln by 2030
First Abu Dhabi Bank (FAB) plans to endorse sustainable development projects across the Middle East with financing worth $75 billion by 2030, Ahram Gate cited Shargiil Bashir, Chief Sustainability Officer at FAB. Bashir pointed out that FAB already financed projects worth $30 billion that serve sustainable development in the fields of solar energy, aviation, transportation, […]