Business & Money | Saturday 29 July, 2023 1:38 am

Emirates Stallions Group reports net profit of AED 597 million in H1 2023

Emirates Stallions Group, the Global investment, engineering, and construction solutions company and a subsidiary of International Holding Company (IHC), has announced a 831 percent Year-on-Year (YoY) surge in net profit for H1 2023.The company's net profits for first-half profit reached AED 597...

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Business & Money | Saturday 29 July, 2023 1:30 am

Black Cobra, OSTIM ink MoU to drive innovation in defence and aerospace sectors

Black Cobra Military Supplies (BCMS), a tactical gear manufacturer based in Abu Dhabi, and member of Emirates Defence Companies Council (EDCC) - and OSTIM Defense and Aerospace Cluster in Ankara (OSSA), Republic of Türkiye, have signed during International Defence Exhibition 2023 in Istanbul a...

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Business & Money | Saturday 29 July, 2023 1:27 am

Hadaf helped employ 201,000 Saudis in H1 2023

The Human Resources Development Fund (Hadaf) helped employ 201,000 Saudis in private establishments in the first half of 2023 through various initiatives, a rise of more than 14% from 150,000 Saudis in the year-earlier period.   Turki Al-Jawini, Director General of Hadaf, said that...

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Business & Money | Saturday 29 July, 2023 1:23 am

PIF, Ma’aden buy 10% of Brazilian Vale’s base metal unit

Brazilian miner Vale signed a binding agreement with Manara Minerals, the joint venture between the Public Investment Fund (PIF) and Saudi Arabian Mining Co. (Maaden), to acquire a 10% stake in the former’s base metal unit.   In a statement, Vale said it also sealed an agreement...

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Business & Money | Friday 28 July, 2023 9:16 pm

The Thai ambassador inaugurates the Thai exhibition 2023... the first exhibition of its kind in the Kingdom

The Kingdom is preparing to receive the first Thai exhibition of its kind, which is scheduled to be held at the Riyadh International Center for Exhibition  andconferences, and it will be opened by His Excellency the Thai Ambassador ( Darm Boontham ) on Sunday, corresponding to August 27,...

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Business & Money | Friday 28 July, 2023 5:37 am

AD Ports Group and Shandong Ports Group extend Cooperation to attract Chinese Automotive Companies

AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry, has announced that it has signed multiple collaboration agreements with Shandong Port Group (SPG), a conglomerate based in Shandong Province, China, which provides port operations, port infrastructure...

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Business & Money | Friday 28 July, 2023 5:35 am

Bodour Al Qasimi, BEEAH to boost collaboration on sustainability

The President of American University of Sharjah (AUS) and the Chairperson of Sharjah Research, Technology and Innovation Park (SRTIP) was warmly received by the Group CEO of BEEAH, Khaled Al Huraimel, and a distinguished BEEAH delegation. Sheikha Bodour's visit to BEEAH Group's headquarters...

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Business & Money | Friday 28 July, 2023 5:28 am

Real estate in Ajman valued at AED4.6 billion in H1 2023

According to the Department of Lands and Real Estate Regulation in Ajman, 786 properties in the emirate were valued at AED4.6 billion in the first half of 2023. Eng. Omar bin Omair Al Muhairi, Director-General of the Department, said that the properties included commercial, residential,...

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Business & Money | Friday 28 July, 2023 5:05 am

BHM Capital and Riyad Capital Announce Strategic Market Making Partnership in the GCC Region

BHM Capital, a leading financial institution in the UAE’s capital markets, and Riyad Capital, a prominent financial institution in Saudi Arabia, are pleased to announce their partnership in the field of Market Making. This strategic collaboration aims to leverage the expertise of both entities to ...

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Business & Money | Thursday 27 July, 2023 10:16 am

Azizi Developments partners with German-based Maschinenbau Halberstadt GmbH for Amber and Beachfront

Azizi Developments, a leading private developer in the UAE, has partnered with Maschinenbau Halberstadt GmbH, a renowned German-based, international supplier that manufactures and assembles high-quality, reliable, and environmentally friendly power generating sets, to source top-tier diesel...

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