ADES set the final offer price for the offering at SAR13.50 per share, implying a market capitalisation of SAR15.2bn at listing
The hotel is included within its LXR Hotels and Resorts portfolio
The firm expects to pay the second and final dividend for 2023 in May 2024, subject to board’s recommendation and shareholders’ approval
The company aims to create a transformational impact on the community through economic, social and environment initiatives that are aligned with UN SDGs
Investments in fintech is further accelerating the ongoing pace of fintech innovation globally and in Dubai
The notification from CBUAE comes after the US Federal Reserve announced that it is maintaining its key policy rate unchanged
The COP28 President-designate urged the private sector to play an expansive role in ensuring the objectives of the Paris Agreement are met
Aldar and Nikki Beach will develop three branded residential buildings as part of a larger beachfront community on Al Marjan Island in Ras Al Khaimah
The budget carrier operated more than 32,000 flights across a growing network of 120 destinations in 52 countries
PixieDrone has a 160-litre collection capacity, with up to six hours of operation in autonomous mode
The World’s 50 Best Hotels is a curated list that brings together 580 independent leaders, each selected for their expert opinion of the international hospitality scene
Emirates passengers will be able to access 15 regional destinations operated by SriLankan Airlines via Colombo
Doha’s Hamad International Airport ranked second in the total connectivity ranking in 2022 while Tokyo Haneda Airport ranked third
The Sharjah government announced a holiday for public sector workers on Thursday, September 28
The banking sector is playing a crucial role in combating climate change by providing green financing and supporting climate initiatives
A fine will apply on eligible employees who don’t sign up for the mandatory unemployment insurance scheme before the deadline
Bard is now making its existing English language features available to more than 40 new languages while launching new capabilities
The report found that in the past year, only modest progress has been made in strengthening international collaboration in the areas where it is most needed
The facility was structured as a combination of revolving credit facilities and term financing facilities
The bond will be listed on the London Stock Exchange and Nasdaq Dubai
The meeting reviewed the UAE’s upcoming hosting of the COP28 and the need for advancing collective climate action
The ministry has been in contact with National Cybersecurity Center for updates and assessment of the hack
The 186-seat A320 neo aircraft is offered in a 3-3 all-economy class configuration
This development is part of a series of initiatives that align with the pharma giant’s global Ambition Zero Carbon programme
The UAE is the third-largest market for Serbian exports, with non-oil trade between the two countries in H1 2023 hitting $57.6m
The two entities agreed to leverage AD Ports’ cargo handling and storage infrastructure to advance urea and ammonia storage and shipping capabilities
The astronaut was received with a grand reception attended by the country’s leadership, AlNeyadi’s family as well as senior ministers and dignitaries
These indices will serve as reference points for various investment products, aiding institutional investors in monitoring the performance of market segments
The institutional investor tranche represents 40 per cent of the offering while the retail portion accounts for 30 per cent
Courses will empower more than 500 participants with crucial skills and tools for foresight and future design