Business & Money | Wednesday 19 June, 2024 12:13 am

Three new IPOs added AED21.3 billion to UAE's stock market capitalisation in 2024

The local stock markets attracted a new market capitalisation of nearly AED21.3 billion, thanks to three new initial public offerings witnessed since the beginning of this year, in line with market plans to double its market value to around AED6 trillion in the coming years. The initial public ...

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Business & Money | Wednesday 19 June, 2024 12:03 am

Ajman completes 169 real estate valuations worth over AED729.5 million in May

Department of Land and Real Estate Regulation in Ajman completed 169 real estate valuation processes during May 2024 with a total value exceeding AED729.5 million. Ahmed Khalfan Al Shamsi, Director of Real Estate Registration, explained that the valuation covered commercial, residential,...

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Business & Money | Tuesday 18 June, 2024 5:37 am

Saudi Arabia's Pavilion Debuts at EUROSATORY 2024

The General Authority for Military Industries (GAMI) Governor Ahmad Abdulaziz Al-Ohali officially opened the Saudi Arabia pavilion at the Global Event for Defense and Security EUROSATORY 2024 in Paris. The ceremony was attended by Assistant Minister of Defense Eng. Talal bin Abdullah Al-Otaibi,...

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Business & Money | Tuesday 18 June, 2024 5:19 am

Saudi foreign reserve assets rise to SAR 1.75T in May

Saudi Arabia's international reserve assets grew by 5%, or SAR 85.5 billion, month-on-month (MoM) to SAR 1.75 trillion in May, according to the Saudi Central Bank (SAMA).   On an annual basis, the Kingdom’s foreign reserve assets increased 6%, or SAR 94.8...

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Business & Money | Tuesday 18 June, 2024 5:19 am

UAE allocates 70% of its USD100 million pledge to United Nations, its humanitarian agencies in Sudan

The United Arab Emirates, one of the leading contributors of humanitarian assistance to Sudan and Africa, has allocated 70% of the USD100 million it pledged in April at the International Humanitarian Conference for Sudan and Neighbouring Countries, to UN agencies and humanitarian organisations, in...

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Business & Money | Tuesday 18 June, 2024 5:00 am

Awqaf Abu Dhabi Promotes Digitization of Fundraising for Mosque Construction and Maintenance through “Baytak Fel Jannah” Campaign

The Abu Dhabi Endowments and Minors' Funds Management Authority (Awqaf Abu Dhabi) announced the launch of their Eid Al Adha campaign, “Baytak Fel Jannah”, which aims to raise funds for the construction and maintenance of mosques in the Emirate of Abu Dhabi. The “Baytak Fel Jannah”...

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Business & Money | Tuesday 18 June, 2024 4:56 am

MoIAT adds seven new services for industry under government’s Zero Bureaucracy initiative

The Ministry of Industry and Advanced Technology (MoIAT) has introduced seven new services under the UAE government’s Zero Bureaucracy initiative to enhance the sector’s growth and support the country’s competitiveness. The services were launched in line with the National Strategy for...

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Business & Money | Tuesday 18 June, 2024 4:51 am

du promotes UAE national employees across various departments

du, from Emirates Integrated Telecommunication Company (EITC), has announced the promotion of several UAE National employees across various departments within the organisation. These promotions reflect du’s commitment to Emiratization and its ongoing efforts to support and enhance the career...

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Business & Money | Sunday 16 June, 2024 10:36 am

Saudi industry minister to discuss potential lithium investments in Chile in July: Report

Chile's government said on June 15 that Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, will visit the country in July and plans to meet with his counterpart Aurora Williams. The Saudi minister will discuss potential investments in lithium, as Chile is the world’s second ...

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Business & Money | Saturday 15 June, 2024 5:42 am

PIF mulls to invest $15B in Brazil: Report

The Public Investment Fund (PIF) plans to invest $15 billion in Brazil, in areas such as green hydrogen, infrastructure and renewable energy, Reuters reported, citing Alexandre Silveira, Brazil's Minister of Mines and Energy.   The plans were shared by PIF during meetings with...

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