Business & Money | Saturday 6 April, 2024 7:15 am

Department of Community Development, In Collaboration With Department of Economic Development, Launches Awareness Campaign for Restaurants on Iftar Meal Distribution Procedures

The Department of Community Development - Abu Dhabi, in cooperation with the Department of Economic Development, implemented an awareness campaign for restaurants in Abu Dhabi to clarify procedures for distributing iftar meals. This was done to ensure restaurants adhere to best practices and the...

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Business & Money | Saturday 6 April, 2024 7:13 am

ENOC Group supports nearly seven million beneficiaries through CSR initiatives in five years

ENOC Group, the leading integrated global energy player, has contributed AED 9,839,219 towards its CSR initiatives largely focused on youth development, education and upskilling, health and supporting the less privileged communities during the Holy month of Ramadan. These initiatives benefitted...

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Business & Money | Saturday 6 April, 2024 7:11 am

DETASAD & LG Announce a Strategic partnership to Drive Technological Innovation in Saudi Arabia

In a significant move to bolster the technological framework within Saudi Arabia, DETECON AL SAUDIA DETASAD CO. LTD. (DETASAD), a prominent corporation in Saudi, and LG Electronics, are proud to announce the expansion of their Strategic partnership Agreement that serves as a foundation for their...

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Business & Money | Friday 5 April, 2024 4:54 am

FTA urges business sectors to keep pace with ‘Zero Government Bureaucracy Programme’

The Federal Tax Authority (FTA) has called on business sectors to share their ideas and proposals for sustainably developing the Authority’s services; keeping pace with the Zero Government Bureaucracy Programme launched by the UAE Government; and boosting efficiency, quality, and flexibility,...

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Business & Money | Friday 5 April, 2024 4:51 am

Sanad announces second cohort of Future Leaders Programme to foster future aerospace leaders

Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), announced a collaboration with Embry-Riddle Aeronautical University, one of the world's most respected universities specializing in...

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Business & Money | Friday 5 April, 2024 4:49 am

EDB boosts industrial GDP impact, reaching AED10.4 billion in total funding since 2021

Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, has unveiled a record increase in total financing since the launch of EDB’s strategy in 2021 to AED10.4 billion, bringing its cumulative contribution to the nation’s...

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Business & Money | Friday 5 April, 2024 4:30 am

Gulf consortium acquires 65% of Aster DM Healthcare’s GCC unit

Aster DM Healthcare Limited announced the separation of its business in the GCC and India into two independent entities.   Under the separation plan, a consortium led by Abu Dhabi Investment Council-backed private equity firm Fajr Capital acquired a 65% stake in Aster’s GCC arm....

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Business & Money | Friday 5 April, 2024 4:25 am

5 investors, local firm fined SAR 44.9M on capital market violations

Five investors were convicted of violating the Capital Market Law and fined SAR 3.5 million. Four investors and a local company were ordered to pay SAR 41.4 million due to the illicit gains achieved in their investment portfolios, in addition to another portfolio.   The Appeal...

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Business & Money | Friday 5 April, 2024 1:07 am

Riyad Bank says Riyad Capital IPO ‘under assessment’

Riyad Bank’s board of directors approved on April 3 to start assessment and preparation of a possible initial public offering (IPO) of its subsidiary, Riyad Capital for listing on the Saudi Exchange (Tadawul), according to a statement to Tadawul.   Riyad Bank and Riyad Capital ...

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Business & Money | Friday 5 April, 2024 12:04 am

Saudi Electricity redeems $1.5B sukuk due on April 8

Saudi Electricity Co. (SEC) fully redeemed its $1.5 billion international sukuk due on April 8, 2024, listed on Irish Stock Exchange (Euronext Dublin), issued on April 8, 2014.   In a statement to Tadawul, the company said 7,500 sukuk were redeemed at a par value of...

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