Saudi Arabia is set to formally launch a secondary offering of Saudi Aramco on June 2, Bloomberg reported, citing unnamed sources with knowledge of the matter. The government plans to run a book-building process to gather investor orders until June 6. The stock sale has already...
Mayar Holding Co.’s board of directors recommended on May 29 issuing SAR 500 million worth of sukuk for 24 months. The company aims to finance working capital and capital expansions, Mayar said in a statement to Tadawul. The issuance will be in several tranches, to be determined later...
Ras Al Khaimah Economic Zone (RAKEZ) contributed to the third edition of the Ministry of Industry and Advanced Technology’s (MoIAT) ‘Make it in the Emirates’ Forum, serving as a sponsor, exhibitor and key panel participant. The event, which took place recently at the Abu Dhabi Energy Centre,...
Diriyah Company has announced a major strategic partnership with Marriott International targeting the upskilling of local talent. This collaboration will deliver a specialized training program to prepare young Saudi candidates for employment at the soon-to-be-opened Bab Samhan hotel, a Luxury...
Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, welcomed today the listing of the Chimera S&P Japan UCITS ETF. This marks the first ETF tracking Japanese equities to be launched on ADX. Managed by Abu Dhabi-based investment management firm Lunate Capital...
The Entrepreneurship in the Middle East and North Africa 2024 survey, conducted by Bayt.com, the Middle East's leading job site, and market research agency YouGov, revealed that there's a notable inclination towards entrepreneurship in the region. Out of the 1090 people surveyed, 517 are currently...
The Ministry of Energy and Infrastructure (MoEI) signed a pivotal collaborative agreement with the Technology Innovation Institute, to build 3D maps of the nation’s natural resources, a crucial step towards supporting sustainable development and the discovery of mineral resources and renewables...
The UAE ranked fifth globally and first among Arab countries in road quality, ninth globally and first among Arab countries in the efficiency of port services, and 10th globally and second among Arab countries in the efficiency of public transport services, according to the Travel and Tourism...
Sharjah SME Ruwad, affiliated with the Sharjah Department of Economic Development (SEDD), announced that 109 new projects have joined its membership during the first quarter of 2024, while it approved financing two pilot projects with a total value of AED550,000. The results of the quarterly...
Mohamed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development and Chairman of the Executive Committee of the Abu Dhabi Exports Office, emphasised that the office is leveraging all available resources and financing to support UAE companies. This effort aims to facilitate the global ...