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 […]

UAE’s Tawazun signs $6.3bn defence deals at Dubai Airshow

Tawazun Council , a government entity that works closely with the UAE Ministry of Defence (MoD), announced that it signed deals cumulatively worth Dhs23.1bn ($6.28bn) at the recently concluded airshow. This announcement was made on the the final day of the airshow which saw 10 deals, worth Dhs1.415bn ($383m), signed with local and international companies. […]

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 […]

UAE President issues directive to offer medical care to 1,000 Palestinian cancer patients

UAE President Sheikh Mohamed bin Zayed Al Nahyan has directed the provision of medical treatment for 1,000 Palestinian cancer patients from the Gaza Strip, state news agency WAM reported on Saturday, November 18. The patients will receive medical care in hospitals in the UAE. The initiative is part of the country’s continuing efforts to alleviate the rising […]

Dronamics & Aramex sign deal for cargo drone technology

Dronamics, the world’s first cargo drone airline, has signed a LoI (Letter of Intent) agreement with UAE-based Aramex for cargo drone flights leveraging Dronamics’ technology and Aramex’s fleet management capabilities. As per the statement, Dronamics, renowned for engineering and operating remotely-piloted cargo aircraft, will supply its innovative drone technology to Aramex, one of the largest […]

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 […]

DEWA’s Q3 revenue jumps 10.2% on demand

Dubai Electricity and Water Authority (DEWA) has reported a 10.2 per cent increase in Q3 2023 revenues to Dhs9.4bn ($2.5bn), driven by higher demand for energy, water and cooling services in the city. “DEWA’s revenue growth of 7.4 per cent was mainly driven by electricity demand growth of 6.4 per cent, water demand growth of […]

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 […]

UAE’s Lootah Biofuels strikes agreement with Atmosphere Core

Lootah Biofuels, a circular economy company that produces biofuel from cooking oil in the UAE, has entered into a partnership with hospitality company Atmosphere Core for the latter’s properties in the Maldives. The MoU was signed earlier this month and both entities will now work towards building a circular economy in the Maldives and introduce […]