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Category: Business
The Sharjah FDI Office, known as Invest in Sharjah, is hosting a high-level business seminar in Tokyo, titled “Discover Sharjah.” This event aims to showcase investment opportunities in Sharjah and is part of a four-day visit to Japan from June 18 to 21. The seminar is organized in collaboration with the Japan External Trade Organisation...
Morepen Laboratories has announced the incorporation of a wholly owned subsidiary named Morepen Labs – FZCO in the free zone of Dubai, United Arab Emirates. This new entity will engage in trading pharmaceuticals and medicines outside of the UAE. Credit: Business Standard The company has subscribed to 5 000 ordinary shares at AED 10 each,...
Dubai International Chamber, one of the three chambers under Dubai Chambers, has officially launched a new representative office in Toronto, Canada. This strategic move aims to strengthen economic ties and explore opportunities to increase bilateral trade and investments between Dubai and Canada. The inauguration took place during a ribbon-cutting ceremony in Toronto, attended by Maninder...
Sharjah Media City (Shams) has entered into a memorandum of understanding with FANN (Sharjah Media Arts for Youth and Children) to enhance support for media and artistic talent in the region. The agreement was signed by His Excellency Rashid Abdullah Al Obaid, Director General of Shams, and Sheikha Jawaher bint Abdullah Al Qasimi, Director General...
The United Arab Emirates is strengthening its global position in metrology, the science of measurement, as a key element of its national strategy aimed at creating a knowledge-based economy. This strategy is driven by innovation, advanced technology, and adherence to international quality standards, according to the Emirates News Agency (WAM), a partner of TV BRICS....
His Highness Sheikh Abdullah bin Zayed Al Nahyan, who serves as the Deputy Prime Minister and Minister of Foreign Affairs of the UAE, recently met with Stephen Schwarzman, the Chairman, CEO, and Co-Founder of Blackstone, a prominent global investment group. The discussions between Sheikh Abdullah and Schwarzman centered on the strategic relations between the UAE...
Abu Dhabi Ports Company (AD Ports) has signed three heads of terms (HoTs) with the Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY) for strategic maritime and ports projects. The collaboration aims to establish a joint venture (JV) to manage drydock facilities and shipyards, which is expected to enhance dry docking and shipbuilding capabilities within...
Power Metallic Mines Inc. has been granted the exploration license for the Jabal Baudan project, located in Saudi Arabia’s Jabal Sayid Mineralized Belt. This achievement is significant as it positions Power Metallic as one of the few foreign companies with mining concessions in the Kingdom. The strategic acquisition aligns with Saudi Arabia’s Vision 2030 initiative,...
The board of Santos, listed as STO on the ASX, has expressed its support for a $30 billion takeover bid from the Abu Dhabi National Oil Company (ADNOC), a prominent global oil and gas entity. This non-binding proposal is spearheaded by the XRG Consortium, which is the international investment arm of ADNOC, and includes the...
Dubai’s Binghatti announced on Monday the launch of an asset management firm that aims to manage approximately $1 billion in Shariah-compliant private credit and real estate investments. This initiative is designed to diversify the company’s portfolio and broaden access to alternative capital. The new entity, Binghatti Capital, will operate from the Dubai International Financial Centre...