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Category: Business
Abu Dhabi’s sovereign wealth fund, ADQ, has announced plans to initiate a takeover offer for the logistics company Aramex. The proposal aims to acquire shares that ADQ does not already own in the courier firm. This move was disclosed in a filing to the stock exchange on Monday as part of ADQ’s strategy to strengthen...
NRDX, an innovative stock and CFD brokerage firm, is set to make its debut at the iFX EXPO Dubai 2025, which will be held from January 14 to 16 at the Dubai World Trade Centre. The firm aims to disrupt the retail investing space with a compelling value proposition for traders and Introducing Brokers (IBs)....
The Abu Dhabi Music & Arts Foundation (ADMAF) has officially signed a Memorandum of Understanding (MoU) with the China Shanghai International Arts Festival. This agreement aims to enhance cultural cooperation and understanding between the United Arab Emirates and China, coinciding with the celebration of four decades of diplomatic relations between the two countries. As reported...
Dubai has unveiled a ground-breaking initiative for content creators through a collaboration between the newly launched Creators HQ and Meta, the company behind Facebook, Instagram, and WhatsApp. The program, called ‘Creators for Purpose,’ aims to help influencers in the region generate meaningful and positive content on social media platforms like Instagram and Facebook. As reported...
Abu Dhabi Ports Group has been honored with six prestigious awards at the Harvard Business Council Global Awards 2024, held earlier this month in Riyadh, Saudi Arabia. This recognition highlights the group’s dedication to innovation, operational excellence, and leadership in the global trade and logistics sector. The awards covered various categories, showcasing achievements across the...
H.H. Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, held a meeting with Cypriot President Nikos Christodoulides in Nicosia. During their discussion, both leaders addressed key regional and international issues, including the ongoing developments in the Middle East. The Cypriot President expressed his well wishes for the UAE...
The global liquefied natural gas (LNG) shipping market is heading for tighter capacity by the end of 2027, with older vessels set to retire and demand for fuel supplies growing. This reduction in capacity is expected to push up freight rates, according to Nicholas Gleeson, Chief Financial Officer of Adnoc Logistics and Services (Adnoc L&S),...
Dubai-listed investment bank Shuaa Capital has sold its stake in a Saudi hospitality portfolio as part of its strategy to streamline investments and reduce liabilities. The portfolio, managed by Shuaa Capital Saudi Arabia, included three properties located in Riyadh, Jeddah, and Dammam. Shuaa, which owned a 33% stake in the portfolio, finalized the sale to...
Ajman’s Department of Tourism Development (ATDD) has announced plans to host the Etihad Ajman Golf Championship on January 24 and 25. The event, sponsored by Etihad Water and Electricity (EtihadWE), aims to promote sports tourism in the emirate, while also encouraging community engagement and youth participation. The announcement was made during a press conference at...
Emirates, the official main partner of Real Madrid, has revealed a unique livery on one of its Boeing 777 aircraft, showcasing the partnership between the airline and the Spanish football club. The plane landed in Madrid yesterday, carrying Real Madrid’s first team players on a chartered flight to Jeddah for the Spanish Super Cup, scheduled...