Business & Money | Thursday 21 March, 2024 10:52 am

Bayanat, Yahsat shareholders to vote on recommended merger to create SPACE42 on April 25

Bayanat AI PLC and Al Yah Satellite Communications Company each issued a circular today calling for their General Assembly Meetings (GAMs) to be held simultaneously on 25th April 2024. During the GAMs, respective shareholders of each entity will vote on the proposed merger of the two Abu...

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Business & Money | Thursday 21 March, 2024 10:38 am

Tabreed shareholders approve new record high dividend payment for FY 2023

Tabreed, the UAE’s leading international district cooling company, yesterday held its Annual General Assembly (AGA), during which shareholders approved a record high dividend payment of 15.5 fils per share, paid fully in cash. As disclosed in the company’s recent full-year results for 2023,...

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Business & Money | Thursday 21 March, 2024 10:36 am

WAJA seals SAR 49.5M contract with Ministry of Finance

WAJA Co. signed on March 20 a technical framework project agreement with the Ministry of Finance at an estimated value of SAR 49.45 million, VAT inclusive.   The agreement is valid for three years, WAJA said in a statement to Tadawul. It includes the supply and installation of office ...

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Business & Money | Thursday 21 March, 2024 10:34 am

Alandalus Property leases office building for SAR 114.3M

Alandalus Property Co. signed, on March 20, a lease contract for the Yasmine Alandalus office building with Expenditure & Projects Efficiency Authority at a total value of SAR 114.3 million (VAT inclusive), according to a statement to Tadawul.   The lease term will start...

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Business & Money | Thursday 21 March, 2024 10:19 am

UAE’s HR excellence in spotlight as merit-based Employee Happiness Awards begins nominations

Employee Happiness Awards is set to shine a spotlight on ongoing transformations across the human resources (HR) landscape, especially in the context of employee experience and wellness. The brainchild of Plan3Media, a leading event management company known for championing a merit-based awards...

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Business & Money | Thursday 21 March, 2024 10:06 am

Dr. Wiktor Patena assumes the executive leadership of GBSB Global, ushering in a new era of educational excellence

GBSB Global Business School announces the appointment of the new  Head of Institution and President   Madrid — GBSB Global Business School (GBSB Global), a leading European and internationally accredited higher education institution, appoints Dr. Wiktor Patena to be the...

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Business & Money | Wednesday 20 March, 2024 12:00 pm

Dubai’s High End Commercial Real Estate Enjoys a Boon

While many armchair analysts proclaimed the office dead in the wake of the Covid-19 pandemic, the commercial real estate sector in Dubai is now reaching new heights, with high-end space especially in demand as businesses seek to stand out from the crowd and woo employees back with a workplace...

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Business & Money | Wednesday 20 March, 2024 10:21 am

DLD signs partnership agreement with Chinese institute ‘DX Broker Training & Services'

Dubai Land Department (DLD), represented by the Real Estate Regulatory Agency (RERA), has partnered with the Chinese institute ‘DX Broker Training Service’ to enhance awareness in the Dubai real estate sector. This collaboration seeks to create an outstanding real estate training...

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Business & Money | Wednesday 20 March, 2024 10:18 am

5,492 ATA Carnets issued, received for goods, commodities worth AED5 billion in 2023: Dubai Chamber of Commerce

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that record growth was achieved in the value of goods and commodities imported under ATA Carnets during 2023. A total of 5,492 ATA Carnets were issued and received for goods and...

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Business & Money | Wednesday 20 March, 2024 10:08 am

KAFD to launch electric monorail by 2026

Gautam Sashittal, CEO of King Abdullah Financial District (KAFD), said the six-station monorail will be operational by 2026, Al Eqtisadiah newspaper reported. He explained that the KAFD’s mobility strategy is based on the 10-minute city concept, where everything ...

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