UAE’s IHC eyes shareholding in Colombia-based Grupo Nutresa
IHC Capital Holding LLC, a subsidiary of International Holding Company (IHC), signed a share swap agreement with Grupo de lnversiones Suramericana (Grupo Sura), Grupo Nutresa, and Grupo Argos. According to a bourse disclosure, IHC Capital Holding will receive a 2.45% stake in Colombian packaged foods giant Grupo Nutresa in exchange for its 1.64% equity in […]
Dubai Centre for Family Businesses launches Governance Series
The Dubai Centre for Family Businesses has commenced its activities – under the umbrella of Dubai Chambers – with the launch of the Governance Series, a series of educational sessions focusing on key issues influencing the success of family businesses. The sessions will explore topics such as UAE laws and the effective implementation of […]
Etihad Airways set to welcome over 4mln passengers over summer season
Etihad Airways announced its preparation to welcome more than 4 million passengers at Abu Dhabi International Airport during the summer season between 20th June and 30th September 2023. A high volume of travellers will be joining locally in Abu Dhabi, with the remainder connecting from across Etihad’s extensive network of 66 destinations, including new summer […]
Missing Titanic sub: Vessel carrying Dubai billionaire operated using $30 video game controller
Global panic is mounting as the international search for the missing submersible used to tour the wreckage of the Titanic, named Titan and operated by OceanGate Expeditions – whose CEO is currently on board piloting the vessel – enters its third day. All communication was lost with the 21-foot (6.5-metre) craft shortly after its descent […]
EDB sets $27.23mln for food security; launches AgriTech loans
Emirates Development Bank (EDB) is set to allocate a substantial AED100 million ($27.23 million) for UAE’s food security sector besides launching the country’s first-of-its-kind AgriTech Loans Programme. The programme offers green- and brownfield project financing, CAPEX and working capital financing, and medium-term loans or working capital amounts of up to AED5 million with competitive rates […]
UAE: 6-day Eid Al Adha weekend, 2-month summer break mean longer vacations for families
With the majority of the UAE schools approaching summer break, this week marks the final working week for most, with institutions marking Father’s Day and organising Eid celebrations at school. Some families travel early making the most of the Eid break, clubbing it with the long summer break that commences just after the festival, for […]
Etisalat by e& celebrates outstanding entrepreneurs & startups in the UAE
etisalat by e& announced the winners of the third edition of the ‘Hello Business Pitch’ competition at a live awards ceremony dedicated to celebrating entrepreneurship and innovation in the United Arab Emirates. The event took place amidst a grand gathering of prominent figures, including H.E Abdulaziz Al Nuaimi, Assistant Undersecretary of the Commercial and Regulatory […]
Ewaa, Zayed University ink MoU on knowledge sharing and cooperation to prevent violence and abuse
The Abu Dhabi Center for Sheltering and Humanitarian Care – Ewaa and Zayed University have signed a partnership to foster collaboration and knowledge sharing in various fields, with a primary focus on combatting all kinds of violence and tackling human rights-related challenges. The signing ceremony took place in the presence of Her Excellency Noura Al […]
Al Fattan Holding Investment signs $20mln investment with LTechUVC
Al Fattan Holding Investment recently announced that it will invest $20 million in Abu Dhabi for green hydrogen and ammonia manufacturing business with LTechUVC, a Korean energy company. The ‘Green Hydrogen and Ammonia Production Project’ is a 200 MW green hydrogen and ammonia manufacturing project in Abu Dhabi with a total project cost of $400 […]
Ajman DED settles consumer protection complaints with value of $1.90mln
The Department of Economic Development in Ajman (Ajman DED) has issued a report on commercial control and consumer protection for the first half of 2023 (1H 2023). The report revealed that Ajman DED had received 2,337 consumer protection complaints and trademark infringement complaints, which were verified and resolved promptly, and the value of settling […]