Business & Money | Tuesday 1 August, 2023 12:54 pm

Dubai's Department of Finance organises training programme on 'Green Government Procurement'

The Department of Finance (DOF) for the Government of Dubai has successfully implemented a training programme on the Green Government Procurement (GGP) involving all government entities related to Government Procurement system.A series of three specialised workshops were held for employees working...

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Business & Money | Tuesday 1 August, 2023 12:50 pm

Aldar Properties net profit rises by 52% to AED 1.3 billion in Q2 2023

Aldar Properties reported a net profit of AED 1.3 billion in the second quarter of 2023 (Q2 2023), recording an increase of 52 percent, Driven by record development sales and strong contributions from its recurring income portfolio.The value of revenues amounted to about AED 3.2 billion,...

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Business & Money | Tuesday 1 August, 2023 12:37 pm

DIFC’s H1 2023 performance strengthens Dubai’s position as global finance and innovation hub

The Dubai International Financial Centre (DIFC) witnessed exceptional growth in the first half of 2023, with 661 new entities registering during the period in the centre, an impressive double-digit growth of 23% year-on-year.DIFC's performance reinforces its growing role in shaping the future of...

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Business & Money | Tuesday 1 August, 2023 11:15 am

Forbes Middle East Unveils The Trailblazing Top 100 Arab Family Businesses 2023

Forbes Middle East has revealed its flagship annual list of the Top 100 Arab Family Businesses for 2023, showcasing MENA’s most exceptional legacy businesses that have not only endured through generations but are now making waves on the region’s stock markets.  Determined to...

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Business & Money | Tuesday 1 August, 2023 11:09 am

Azizi Developments sells 99% of Beach Oasis I and II

Azizi Developments, a leading private developer in the UAE, has announced the sale of 99% of its 762 Beach Oasis units, comprising studios, one-bedroom apartments, and two-bedroom residences. Beach Oasis is a vibrant mixed-use community with two buildings in one of the emirate’s most dynamic and...

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Business & Money | Tuesday 1 August, 2023 9:38 am

Al Hassan Ghazi Ibrahim Shaker Co. sustains momentum into Q2-FY23, delivering a 69.1% YoY increase in net profit

Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker”, the “Group” or the “Company”), Saudi Arabia’s leading importer, manufacturer, and distributor of Air Conditioners and Home Appliances, has announced its financial results for the first half of 2023, reinforcing its strategic vision and...

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Business & Money | Tuesday 1 August, 2023 9:03 am

Gulftainer UAE Terminals Receives Prestigious RoSPA Gold Medal Award

Gulftainer Co. Ltd, a leading privately owned, independent port management and logistics company, UAE Terminals is thrilled to announce that it has been honored with the prestigious RoSPA Gold Medal (6 Consecutive Golds) Award for its exceptional health and safety performance throughout the...

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Business & Money | Tuesday 1 August, 2023 3:14 am

THE RED SEA FILM FUND OPENS POST-PRODUCTION CYCLE 4

The Red Sea Fund announces the opening of its fourth funding cycle, Post-Production Cycle 4, on August 6th 2023. The Fund invites filmmakers from Saudi Arabia, the Arab world and Africa to submit their film projects for consideration in this cycle. The deadline for submissions is 21st August...

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Business & Money | Tuesday 1 August, 2023 2:05 am

AD Ports Group, Saab UAE to set new industry standards for efficiency, safety in port operations

AD Ports Group and Saab UAE, a leading defence and security company based in Abu Dhabi’s Tawazun Industrial Park, have signed a Memorandum of Understanding (MoU) to establish a strategic cooperative relationship, which will see both entities collaborate on develping maritime surveillance...

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Business & Money | Tuesday 1 August, 2023 12:29 am

SAP Commits to Developing Kuwaiti Technology Skills as Sustainable Digital Transformation Tops Agenda

As senior Kuwaiti government officials, business leaders and other strategic thinkers were joined by the German ambassador for SAP Discovery Day held in the capital recently, discussions focused on initiatives to develop local technological talent, transform businesses in the cloud, build resilient ...

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