Dubai-Mozambique Business Forum highlights investment opportunities emerging in Mozambique
UAE companies and their Mozambican counterparts took part in more than 100 bilateral meetings during the Dubai-Mozambique Business Forum, which was recently organised by Dubai Chamber of Commerce in collaboration with the Mozambican Industrial Association (AIMO) and the Federation for the Improvement of the Business Environment in Mozambique (FAN). The forum, hosted at Dubai Chamber […]
Abu Dhabi stock exchange seeks more private sector listings
he Abu Dhabi Securities Exchange (ADX) has rebranded its “Second Market” as “Growth Market” to attract more private sector listings. The rebranding of the platform, which has a market capitalisation of 62 billion dirhams ($16.8 billion), follows the unveiling of a new brand and logo for the local bourse last year. The Growth Market offers […]
Besix pioneers flagship green energy project for Ajman
Leading infrastructure major Besix has announced that its flagship sludge-to-energy project in the nothern emirate of Ajman has successfully passed performance and reliability tests. A first-of-its-kind facility in the UAE, it complies with all European safety regulations for biogas plants. Designed and built by Besix Middle East for Ajman Sewerage (Private) Company Limited (ASPCL), the […]
Dubai’s Emirates airline to launch NFTs for travellers, staff
Dubai’s long-haul operator Emirates airline is set to enter the world of virtual assets, as it announced plans to launch non-fungible tokens (NFTs) for its customers and employees. In a statement on Thursday, the carrier said it plans to build signature brand experiences in the metaverse, alongside both collectible and utility-based NFTs. The initiative is […]
UAE and US Mars missions to team up on science data analysis
The Emirates Mars Mission, the first interplanetary exploration undertaken by an Arab nation, has finalised a science data analysis collaboration initiative with NASA’s Maven Mars Mission. This will pave the way towards greater scientific collaboration and data exchange between the two missions. The partnership enables the sharing and collaborative analysis of data and observations made […]
Abu Dhabi’s ADQ buys stakes worth $1.85bln in Egyptian firms
Abu Dhabi’s state holding company ADQ has bought shares worth $1.85 billion in five publicly traded Egyptian companies, two sources familiar with the transactions said on Tuesday, helping Egypt after the Ukraine crisis prompted foreign investors to flee. The stock exchange said purchases for five companies were executed on Tuesday but did not say who […]
66% of UAE visited a hotel or restaurant for luxury high tea in 2021, says Dilmah
Tea is enjoying fresh appreciation amongst youth as a trend accelerates towards healthier, lower caffeine, antioxidant rich and natural beverages, says Dilmah. Dilmah started distributing tea to the UAE in the early 1990s and currently serves around 107 markets globally. The brand caters to 30 airlines and almost 3,000 hotels. The company has just celebrated […]
Ramadan 2022: MAG Group donates AED1 million to 1 Billion Meals drive
In support of the initiative to distribute 1 Billion Meals, the MAG Group has announced a donation of Dh1 million. The donation made will fund the basic components required to prepare nutritious meals for the impoverished in the lower-income communities targeted by the initiative. The 1 Billion Meals initiative reflects the principle of giving inherent […]
RAKBank shareholders approve cash dividend of 22.5% at AGM
RAKBank successfully concluded its annual general meeting (AGM) today through both electronic and in-person participation, where the shareholders approved the cash dividend of 22.5 per cent (22.5 fils per share) of the bank’s paid-up capital amounting Dh377.1 million, for the financial year ended December 31, 21. The dividend distribution will result in approximately 49.7 per […]
Sharjah’s SCCI records jump in new memberships in Q1 2022
The Sharjah Chamber of Commerce and Industry (SCCI) experienced a surge in the number of transactions and memberships during the first quarter of 2022, with estimated 1996 new companies joining and 15,572 memberships renewed, the highest since 2018. During this time, the SCCI’s total number of registered members reached 17,568, an increase of 8 per […]