Browsing: Business

Mair Group, a UAE-based strategic investment firm, is set to list directly on the Abu Dhabi Securities Exchange (ADX) on December 9, marking a significant milestone in its growth. Originally founded in the cooperative movement, Mair has diversified its business, focusing on food retail, commercial real estate, and contributing to the UAE’s food security

Heineken is preparing to launch the GCC’s first large-scale brewery in Dubai, marking a significant milestone in a region traditionally known for strict alcohol regulations.

Delivery Hero has established the share price for its Middle Eastern subsidiary, Talabat, at 1.60 UAE dirhams ($0.44) per share. The IPO is expected to generate AED 7.5B ($2B) in gross proceeds on the Dubai Financial Market (DFM).

Dubai’s Roads and Transport Authority (RTA) is introducing a new Variable Road Toll Pricing (Salik)…

Building on the outstanding success of its initial phase, Arabian Hills Real Estate Development has unveiled the official launch of Phase Two of its flagship project, Arabian Hills Estate.

Emirates has received its first A350-900 aircraft, marking a significant milestone in the airline’s fleet expansion strategy. This delivery highlights the enduring partnership between Emirates and Airbus, founded on innovation, efficiency, and operational excellence. The A350 is set to enhance Emirates’ medium and long-haul services, extending the airline’s reach beyond its current network.

President His Highness Sheikh Mohamed bin Zayed Al Nahyan chaired the annual ADNOC Board of Directors meeting, held at ADNOC Headquarters. The board directed ADNOC to pursue Net Zero emissions by 2050, supporting the UAE’s strategic initiative.

Hitesh Asarpota, CEO of Emirates NBD Capital, highlighted the strategic importance of the investment in LoanBook, stating that their loan syndication and agency team would work closely with LoanBook to address inefficiencies within the current loan market structure.

President Sheikh Mohamed bin Zayed Al Nahyan chaired ADNOC’s annual board meeting at its headquarters, where he approved the launch of XRG, a company focused on lower-carbon energy and chemicals. XRG aims to accelerate ADNOC’s global expansion and meet the rising demand for natural gas, chemicals, and low-carbon energy sources.

Consumer spending in the UAE reached $3.7 billion during the third quarter of 2024, marking…