Browsing: Business

Marjan, the developer of freehold properties in Ras Al Khaimah, has revealed plans for a new landmark supported by Hilton on Al Marjan Island, a prominent tourism, business, and investment destination in the Northern Emirate.

Abu Dhabi Commercial Bank has agreed to sell 80% of its stake in Abu Dhabi Commercial Properties (ADCP) to Nine Yards Plus Holding, a subsidiary of Ethmar International Holding based in Abu Dhabi. The announcement was made by the bank on Thursday

Chairman at Sterling Perfumes Industries Ali Asgar Fakhruddin, Chairman of Sterling Perfumes Industries, stands as…

Borouge Plc reports a Q3 net profit of $282M, marking a 22% increase from the previous quarter. Despite a challenging global environment and a tough polyolefins market, Borouge’s strong production performance, cost management, and revenue optimization through the Value Enhancement Programme ensured its resilience. Impressively, the Programme exceeded its 2023 target, delivering a $420 million positive impact in the first nine months of 2023.

Experience Coffee Island’s newest concept store, Brews & Bakes, at Navarino Agora. This innovative coffee destination harmonizes sustainability, specialty beans, and local support. Discover recycled materials, freshly baked treats, and a unique brand identity seamlessly blended with the aesthetics of Navarino Agora.

Saudi Arabia is gearing up to invest a substantial SR1.6T ($427B) over the next decade, as revealed by Minister of Transport and Logistics, Saleh Al-Jasser. This ambitious plan aims to attract more than 30 million pilgrims and Umrah participants, in addition to over 100 million tourists annually, in harmony with the goals of Saudi Arabia’s Vision 2030.

Join industry leaders, policymakers, innovators, and researchers at the Kingdom AI Summit in Riyadh, Saudi Arabia, on November 22, 2023, to explore the remarkable potential of AI. This summit is a pivotal gathering to delve into the transformative impact of AI on Saudi Arabia’s technological landscape, with a special focus on AI strategy, future innovation, and key sectors. This event represents a significant step toward shaping the AI future in Saudi Arabia. Don’t miss this opportunity to be part of the AI revolution and contribute to the nation’s technological leadership and sustainable growth.

ADMO Lifestyle Holding (ADMO), a partnership between Alpha Dhabi Holding and Monterock International Limited, has announced its plans to acquire a stake in the renowned Lebanese gourmet dining venue, Em Sherif, subject to regulatory approvals.

Dubai Internet City is actively considering the establishment of additional specialised incubators to provide enhanced support to the growing start-up community in the emirate. Ammar Al Malik, a high-ranking executive, unveiled these plans to expand DIC’s existing four innovation centres, which operate within the flagship in5 incubator program, with the specific goal of facilitating market access for emerging businesses.

ADNOC Gas plc and JERA Global Markets have inked a multi-year LNG supply deal worth $500-700M, further enhancing the UAE-Japan energy partnership. This reaffirms ADNOC Gas as a preferred global LNG export partner, with a decades-long history of supplying LNG to Japanese energy companies.