The move will direct funds to Europe’s biggest carmaker to foot the staggering cost of electrification and software development
This investment is part of the recently launched Investcorp Saudi Pre-IPO Growth Fund LP, targeting equity growth capital investments across a range of companies primarily based in Saudi Arabia
The new advanced visa system will come into effect starting October 3
The cargo will be delivered to Aurubis, a Hamburg-headquartered provider of non-ferrous metals and one of the largest copper recyclers worldwide
With a $137.4bn fortune, Adani has overtaken France’s Bernard Arnault and now trails just Elon Musk and Jeff Bezos of the US in the ranking
Commodities including oil have also faced a headwind this month from gains in the dollar
According to the report, the UAE ranks second globally in terms of internet usage at a rate of 99 per cent compared to the global average of 62.5 per cent
The course is open for both physical education teachers in government schools and private academies, and includes football, volleyball, basketball, water sports, cycling, athletics, archery and judo
Among the buildings that are serviced within Empower’s portfolio, the residential sector tops the list of the company’s clients with 64 per cent
The event will be held on October 9 at Dubai Autodrome
Seera Group’s gross booking value increased by 108 per cent to SAR2.5bn in Q2 2022, up from SAR1.2bn in Q2 2021
The newly launched duo-screen device has optimised the power in a slim form factor
Crude is heading for a weekly gain as signs of a tightening supply outlook offset concerns over an economic slowdown
Majid Al Futtaim – Properties’ revenue rose 51 per cent to Dhs2.4bn, while EBITDA was up 27 per cent to Dhs1.4bn
The country’s top trading partner during June was China with exports reaching SAR21bn riyals
Abu Dhabi International saw a 96 per cent rise in the number of scheduled passenger flights compared to H1 2021
Palms Sports, which provides combat sports and jiu-jitsu training, has been awarded Dhs711 million in contracts so far this year
The company’s revenue for the first half of the year stood at $5bn, compared to $2.9bn in H1 2021
The UAE’s non-oil exports were close to Dhs180bn, reflecting a growth rate of 8 per cent over the same period last year
From November 15, a total of 11 weekly services will connect Abu Dhabi to New York
Increased trade and investment can unlock further growth in the UK and the GCC, and an ambitious free trade agreement is imperative
The new fleet was designed specifically to withstand the geographic, climate conditions, and the high temperatures and humidity levels common in the GCC
The transition finance facility aims to support Lafarge Emirates Cement with their latest project, a waste heat recovery system that supports the company’s journey to net zero by 2050
The group announced that net profit before tax rose by 8 per cent YoY in Q2 2022 to EGP623m.
The company total revenue grew 29 per cent year-over-year to $21.1m
The agreement will see Abu Dhabi Airports and the Federal Authority for Identity, Citizenship, Customs and Port Security adopt best practices in areas of security, safety and air transport
Agility reported H1 2022 earnings of 11.41 fils per share on a net profit of KD28.8m while revenue increased 22.9 per cent to KD270.5m
The first half of the year saw Salama establishing new strategic tie-ups with banks in the UAE to provide omnichannel Takaful solutions to bank customers
Oil is still up around 20 per cent this year and the surge in energy prices over the first half have underpinned record earnings for producers
The chamber registered 402 new establishments in Q2 2022, including 185 commercial establishments and 193 professional establishments