HSBC Saudi Arabia, Al Rajhi Capital, SNB Capital, and AlJazira Capital have been appointed as joint lead managers to lead the transaction
ADNIC in its earnings release reported its underwriting profitability continued to be robust with a combined ratio of 87.60 per cent and a net insurance service profit of Dhs178.1m
The Brazil forward’s current contract with PSG runs until 2025
The total capacity of the solar energy projects commissioned at the Mohammed bin Rashid Al Maktoum Solar Park has reached 2,427MW
Smart technologies can unlock the potential data dividend in every link in the supply chain
The change, which follows directives from the Abu Dhabi Executive Council, is set to take effect from September 1
Qusai Kankazar, chief operations officer of AD Ports’ Logistics Cluster, tells us how the group is growing its global presence while bolstering its regional operations
The company registered double-digit growth in the UAE and GCC region markets due to continued positive developments in key markets including Saudi Arabia
A sustained rebound in leisure travel is pushing hospitality brands to look at expanding their footprint
The developer’s group property sales, rose by 14 per cent to Dhs20.2bn
The agreement marked the high point of Turkey’s President Recep Tayyip Erdogan’s recent visit to the Middle East
The budget carrier flew more than 3.8 million passengers between April and June
More than 100,000 customers have availed residency services and completed medical tests across Smart Salem’s three centres over the past 12 months
The property is being developed to combine the comforts of a home and the convenience of a hotel and easy access to Saadiyat Island’s attractions
The Asia Pacific region is amongst the main international markets for the company due to its popular solutions, which includes Thuraya’s MarineStar
The partnership is the first sports sponsorship deal that Riyadh Air has signed since its official launch in March
The Abu Dhabi-based hypermarket chain is realigning its capital structure before a possible listing in 2024 after delaying those plans this year
A 200-unit serviced apartments property will welcome its first guests in 2025
For the first six months of 2023, the utility giant reported a net profit of Dhs2.7bn
The banking group’s net profit after tax and minority interest rose by 20 per cent to reach EGP405m
Continent Worldwide Hotels said it was bringing three distinct properties to the Saudi cities of Maddinah and Dammam
The banking group has closed senior financing transactions worth more than GBP650m over the past five years
The payments company said growth was driven by the UAE’s resilient domestic consumer spending and a strong influx of tourists
The partnership expands Abu Dhabi’s global connectivity through daily flights to Paris
It attributed the drop in net profit to predominantly lowered remittance margins, higher costs as well as an increase in financing costs
Operating income — before impairment, loss and other expenses — for the six-month period stood at SAR1,289m
The sovereign wealth funds from Saudi Arabia, Qatar and the UAE appear to have become go-to investors in difficult times for the global markets
The entire area of Dubai Municipality’s public parks and recreational facilities spans 13 million square metres
Located in the city centre, it features 283 rooms, suites and serviced apartments
The customs authority has increased the number of inspectors working on shifts, deployed scanners, and advocated for the use of its proprietary app