Business & Money | Monday 15 April, 2024 11:15 am

Budget Saudi inks agreement to acquire 70% of Overseas Development in UAE

United International Transportation Co. (Budget Saudi) signed a sale and purchase agreement to acquire 70% of Overseas Development LLC shares in the UAE. According to a statement to Tadawul, the acquisition amount was based on the financial evaluation of the acquisition, as the value of the...

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Government | Monday 15 April, 2024 11:11 am

MoEI to highlight UAE’s efforts to achieve energy transition, climate neutrality at WFES 2024

The Ministry of Energy and Infrastructure (MoEI) will participate in the World Future Energy Summit (WFES) 2024, to be held at the Abu Dhabi National Exhibition Centre from April 16th to 18th. During its participation, the Ministry plans to highlight the UAE’s achievements in the clean energy...

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Environment & Energy | Monday 15 April, 2024 10:56 am

Boris Johnson, Bertrand Piccard to headline Masdar’s Green Hydrogen Summit in Abu Dhabi

Abu Dhabi Future Energy Company PJSC – Masdar has announced a stellar international lineup for its Green Hydrogen Summit including former UK Prime Minister Rt Hon Boris Johnson, ministerial speakers from the UAE, Azerbaijan, Japan and the Netherlands, industry leaders and global adventurer Dr....

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Government | Monday 15 April, 2024 10:51 am

Localizing insurance product sales jobs takes effect today

The decision issued by the Insurance Authority (IA) to localize all sales positions in insurance products goes into effect today, April 15. The decision stipulates that non-specialized sales employees will not receive any sales-related commissions. The IA will monitor the implementation...

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Environment & Energy | Monday 15 April, 2024 10:50 am

DEWA highlights its sustainability efforts at Abu Dhabi Sustainability Week

Dubai Electricity and Water Authority (DEWA) is participating in four panel discussions during the World Future Energy Summit. Hosted by the Abu Dhabi Future Energy Company (Masdar) from 16th to 18th April 2024, the event aims to accelerate the pace of sustainable development and advance economic,...

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Business & Money | Monday 15 April, 2024 10:39 am

Emirates NBD launches Visa credit card for high-net-worth clientele offering premier lifestyle benefits

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has introduced the ‘Priority Banking Visa Infinite Credit Card’, an offering tailored to meet the exclusive lifestyle needs of its affluent Priority Banking clientele. The proposition,...

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Business & Money | Monday 15 April, 2024 10:35 am

Sharjah Ramadan Festival 2024 records AED 400 million in sales

The Sharjah Ramadan Festival 2024, which concluded its 34th edition last night, Saturday, recorded major success in revitalising the retail sector and commercial activity across the emirate's markets. The 37-day event delivered enthralling shopping experiences to Sharjah’s residents and...

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Business & Money | Monday 15 April, 2024 9:37 am

RED SEA FUND ANNOUNCES OPEN CALL FOR PRODUCTION PROJECTS IN ITS SECOND 2024 CYCLE

The Red Sea Fund, a program under the Red Sea Film Foundation, has announced the open call for production projects as part of its second cycle for 2024. Filmmakers from Saudi Arabia, the Arab world, and Africa can submit their applications from April 6 through April 30, 2024This cycle is...

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Business & Money | Monday 15 April, 2024 9:01 am

NADEC reappoints Al-Rebdi as Chairman

National Agricultural Development Co.’s (NADEC) board of directors decided on April 13 to reappoint Abdulaziz Al-Rebdi (non-executive member) as Chairman and Ahmed Shahini (non-executive member) as Vice Chairman. The board also approved the formation of the executive, nomination and...

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Business & Money | Monday 15 April, 2024 8:55 am

Al Kathiri subsidiary wins SAR 21M contract

Al Kathiri Holding Co.'s subsidiary Msandh Al-Emdad Ltd. Co. was awarded on April 9 a project by the Presidency of State Security to construct a building in Riyadh, at a total value of SAR 20.99 million (including VAT), according to a statement on Tadawul.  The project includes the supply ...

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