Business & Money | Thursday 9 November, 2023 10:38 am

Al-Othaim Investment announces the launch of Al-Othaim Company for Development, Research and Artificial Intelligence

Company announced the launch of Al-Othaim Company for Development, Research and Artificial Intelligence, indicating that this is in line with the Kingdom's Vision 2030 to achieve a comprehensive digital transformation in the country. She added in a statement that the launch of Al-Othaim...

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Business & Money | Thursday 9 November, 2023 9:57 am

Arabian Pipes board nulls capital hike proposal

Arabian Pipes pointed out that the cancellation was based on a tangible improvement in the company's financial position and the availability of sources capable of financing its businesses. There are no costs or changes related to the recent decision, the statement noted. On July 17, 2022, ...

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Business & Money | Thursday 9 November, 2023 9:33 am

Dubai Airshow to advance talent and localisation through NextGen and 'Make it in the Emirates' features

With the dynamic convergence of NextGen Leaders and the "Make it in the Emirates" features, this year's Dubai Airshow 2023 promises to be a game-changer, driving transformative change across the aerospace and defence industries. During the mega event, NextGen Leaders will inspire and empower...

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Business & Money | Thursday 9 November, 2023 9:30 am

Aramex reports revenues of AED 1.35 billion for Q3 2023

In the third quarter of 2023, Aramex sustained its performance with Group revenues amounting to AED 1.35 billion. This represents a moderate 5 percent year-on-year (YoY) decline, attributed to currency fluctuations, macroeconomic challenges, and subdued global retail activity in certain markets.The ...

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Business & Money | Thursday 9 November, 2023 9:24 am

PIF raises stake in Aston Martin: Report

Aston Martin said today, Nov. 8, that Saudi Arabia’s Public Investment Fund (PIF) increased its stake in the carmaker by 2.6 percentage points to 20.5%, Reuters reported. The Kingdom’s sovereign wealth fund will be the second largest shareholder in the British luxury...

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Business & Money | Thursday 9 November, 2023 9:21 am

MOHAMMED BIN RASHID AEROSPACE HUB UNVEILS NEW DEVELOPMENTS TO MEET SURGING INDUSTRY DEMAND

Mohammed Bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai dedicated to the advancement of the aviation industry, announced the expansion of three new facilities, Aerospace Supply Chain, Suppliers Complex and Line Maintenance Units, following great demand from companies to set up...

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Business & Money | Thursday 9 November, 2023 9:11 am

CENOMI CENTERS ACHIEVES STRONG RESULTS WITH 64% GROWTH IN NET PROFIT FOR THE FIRST 9 MONTHS OF 2023

Cenomi Centers, the largest owner, operator and developer of shopping malls and complexes in the Kingdom of Saudi Arabia, published its financial results for the three months and nine-months period ended 30 September 2023. The company delivered a strong performance in the first nine months of...

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Business & Money | Thursday 9 November, 2023 9:06 am

Saudia Signs a Framework Agreement with the Saudi Conventions and Exhibitions General Authority for Joint Ventures

Saudia, the national flag carrier of Saudi Arabia, formally signed a framework agreement with the Saudi Conventions and Exhibitions General Authority (SCEGA), laying the foundation for further cooperation between both entities. The agreement was signed by Ms. Manal Alshehri, VP of Passenger Sales...

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Business & Money | Thursday 9 November, 2023 8:59 am

THE 2023 RED SEA SOUK PROJECTS AND INDUSTRY PROGRAMME ANNOUNCED BY THE RED SEA INTERNATIONAL FILM FESTIVAL

The Red Sea International Film Festival (Red Sea IFF) has revealed full details of the projects selected as part of this year’s Red Sea Souk Market which will run from 2-5 December, highlighting the diverse range of talent representing the MENA region’s bold new cinematic output. A part of the...

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Business & Money | Thursday 9 November, 2023 8:51 am

WETEX and DSS 2023 hosts 28 prominent Italian companies

The 25th Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) will witness the participation of 28 Italian companies in the Italy pavilion at the exhibition. The participants are prominent Italian companies specialising in advanced solutions for renewable...

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