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 […]
Air Arabia launches direct flights between Sharjah and Giza City
Air Arabia is launching a new route operating between Sharjah and Giza city in Egypt. The non-stop flights will connect Sharjah International Airport with Sphinx International Airport with a frequency of five weekly flights starting from December 6. The flights will operate on Mondays, Tuesdays, and Wednesdays, departing from Sharjah at 7.55pm and landing in […]
UAE President, Singapore PM discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Lee Hsien Loong, Prime Minister (PM) of the Republic of Singapore, discussed the deep-rooted relations and comprehensive partnership between the two countries , and explored avenues for its development to serve mutual interests, reported the state news agency, WAM. The leaders also talked about regional and […]
Emirates Parkings to manage & operate RAK impoundment yard
Emirates Parkings, a specialist in providing reservation yards management services, has signed a partnership agreement with RAK Police General Headquarters and General Resources Authority in order to manage and operate Ras Al Khaimah Impoundment Yard. Under this agreement, Emirates Parkings will oversee and operate the vehicle parking yard within Ras Al Khaimah, offering services related […]
DP World to operate multi-purpose Dar Es Salaam Port in Tanzania
DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernize the multi-purpose Dar es Salaam Port, connecting Tanzania and the wider region to global markets. The concession to operate and modernize the Dar es Salaam Port was awarded to DP World with the primary objective of optimizing […]