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Category: Business
President His Highness Sheikh Mohamed bin Zayed Al Nahyan engaged in a phone conversation with Faustin-Archange Touadéra, the President of the Central African Republic, to discuss advancing trade partnerships. This dialogue focused on the objectives outlined in the Comprehensive Economic Partnership Agreement (CEPA), which was signed on March 6 during Touadéra’s working visit to the...
BAE Systems, a major British defense company, is in discussions with the Abu Dhabi government-owned Mubadala Development Company to establish an aerospace business in the United Arab Emirates. Simon Keith, the regional managing director of BAE Systems, confirmed the talks during a defense conference in Abu Dhabi, stating that Mubadala expressed interest in developing aerospace...
Emirates NBD, the banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has launched the ‘Emirati Business’ package, specifically designed for businesses owned by UAE Nationals. This new offering aims to provide a comprehensive suite of services and benefits, enhancing the banking experience for Emirati entrepreneurs. The introduction of the Emirati Business...
Abu Dhabi’s AD Ports Group has announced the formation of a joint venture with Columbia Group, a globally recognized platform in maritime, logistics, tourism, and energy sectors. This collaboration aims to enhance their operations in the shipping industry. The partnership will leverage the strengths of both companies to provide a comprehensive range of shipping and...
UAE and Saudi Arabian companies are increasingly using long-term salary bonuses as a strategy to attract top executive talent. A report by Cooper Fitch reveals that over 50% of chief executives in Saudi Arabia receive more than six months’ worth of their basic salary in bonuses. This trend indicates a significant shift in how companies...
The UAE Ministry of Investment has partnered with Emirates NBD Capital to increase international investment inflows into the UAE. This collaboration, formalized through a Memorandum of Understanding (MoU), aims to strengthen the UAE’s position as a global investment hub by enhancing cooperation and investor engagement. The MoU was signed by His Excellency Mohammad Abdulrahman Alhawi,...
NKN Media, a prominent integrated media company, has successfully raised Dh35 million and is planning to secure an additional Dh50 million to enhance its global expansion and intellectual property development. The company is celebrating five years in Dubai and has established itself as a significant player in the region’s media and events sectors. Following the...
HDI Global SE, a corporate and specialty insurer, has announced impressive financial results for 2024, showcasing strong growth in both revenue and earnings. The surge in performance was credited to an increase in new business and adjustments in prices due to inflation. The Dubai office of HDI Global had a particularly successful first year, surpassing...
UAE-based platform Investopia has announced the launch of its global editions in Milan, Limassol, and Budapest. This initiative, revealed in the presence of H.E. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of Investopia, aims to bring together the global investment community to explore opportunities in emerging economies. Investopia was originally launched in...
The Abu Dhabi Investment Authority (ADIA) is set to acquire a “significant minority stake” in the French outdoor accommodation company, the European Camping Group (ECG), through one of its wholly owned subsidiaries. This acquisition marks ADIA’s continued investment strategy in European markets. The private equity firm PAI Partners, which currently holds a majority stake in...