Business & Money | Sunday 3 December, 2023 2:22 pm

NEOM Investment Fund buys 6% of Italy’s Technogym for $120.8M

NEOM Investment Fund (NIF) announced acquiring a 6% stake in Italy-based leading manufacturer of wellness equipment and services Technogym, after injecting investments worth €111 million ($120.83 million), Reuters reported.   The fund purchased as many as 8.8 million shares at...

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Business & Money | Sunday 3 December, 2023 11:02 am

Chemanol says Energy Ministry approves allocation of required feedstock

Methanol Chemicals Co. (Chemanol) announced the issuance of the Ministry of Energy’s approval, on Nov. 30, to allocate the required feedstock for manufacturing specialty petrochemical products.  The products include methyl diethanolamine, choline chloride dimethyl disulfide...

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Business & Money | Sunday 3 December, 2023 10:47 am

Big 5 Global opens tomorrow in Dubai: Everything to expect on the opening day

The 44th edition of Big 5 Global, the largest and most influential construction event in the Middle East, Africa and South Asia, opens tomorrow on 4 December commencing a four-day run until 7 December at the Dubai World Trade Centre. The event unites the global construction industry under one roof...

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Business & Money | Sunday 3 December, 2023 10:47 am

Big 5 Global opens tomorrow in Dubai: Everything to expect on the opening day

The 44th edition of Big 5 Global, the largest and most influential construction event in the Middle East, Africa and South Asia, opens tomorrow on 4 December commencing a four-day run until 7 December at the Dubai World Trade Centre. The event unites the global construction industry under one roof...

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Business & Money | Saturday 2 December, 2023 7:19 am

ACWA Power kicks off green hydrogen project in Uzbekistan

ACWA Power stated that it launched the first phase of green hydrogen project in Uzbekistan, with a production capacity of 3,000 tons per year.   In a statement, the company added that the project will be developed in two phases. The first phase, a 3,000 ton- green ammonia pilot...

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Business & Money | Saturday 2 December, 2023 6:59 am

DIFC celebrates the ‘Spirit of the Union’ with a host of cultural activities

Dubai International Financial Centre (DIFC) is celebrating the UAE’s 52nd Union Day with the community. In celebration of the nation’s rich traditional heritage, several cultural activities were held, including a lively Ayyala, Lewa and Harbia performances and Henna arts, that...

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Business & Money | Saturday 2 December, 2023 6:56 am

GCC Commercial Arbitration Centre and DIFC Courts Spark Innovation through Joint Collabortaion!

Dr. Kamal Abdullah Al-Hamad, the esteemed Secretary General of the GCC Commercial Arbitration Centre, engaged in high-level discussions with a distinguished delegation from the Dubai International Financial Centre Courts (DIFC) to foster a robust collaborative partnership. The overarching goal ...

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Business & Money | Saturday 2 December, 2023 6:55 am

Statement of Hussain Sajwani, Founder and Chairman of DAMAC Properties on the occasion of the 52nd UAE National Day

“On this momentous 52nd UAE National Day, I extend my sincere congratulations to the visionary leadership of our great nation. Every National Day is an occasion to reflect on the remarkable progress we have achieved and prepare ourselves for the promising opportunities ahead. Today, the UAE...

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Business & Money | Saturday 2 December, 2023 1:55 am

Apparel Group signs pioneering ESG-linked term finance deal with Emirates Islamic and Emirates NBD

Apparel Group, a leading fashion and retail conglomerate with a robust global presence, headquartered in the UAE, announced the signing of ESG-linked term facilities with Emirates Islamic, a leading Islamic financial institution in the UAE and Emirates NBD, a leading banking group in the MENAT...

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Business & Money | Friday 1 December, 2023 4:03 am

East Pipes seals SAR 153M supply contract with Aramco

East Pipes Integrated Company for Industry signed today, Nov. 30, a supply contract valued at more than SAR 153 million (VAT inclusive) with Saudi Arabian Oil Co. (Saudi Aramco), according to a statement to Tadawul.   East Pipes will manufacture and supply steel pipes to Aramco over...

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