17 Dhu al-Qi'dah 1445 - 25 May 2024
    
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Eye of Dubai

Dubai investments in Vietnam reach AED280 million during 5 years: Dubai Chambers President & CEO
Business & Money | Sunday 12 May, 2024 9:52 am
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said today that Dubai's investments in Vietnam totalled approximately AED280 million between 2019 and 2023, fostering 4,500 job opportunities within the Vietnamese market. During the second leg of the trade mission organised by...
Central Bank of UAE, Bank Indonesia sign MoU to promote use of local currencies for bilateral transactions
Business & Money | Sunday 12 May, 2024 9:51 am
Khaled Mohamed Balama, Governor of the Central Bank of the UAE, and Perry Warjiyo, Governor of Bank Indonesia, signed a Memorandum of Understanding supporting the steady growth of trade relations between the two countries through the establishment of a framework that promotes the use of local...
Arab bourses' market cap hit $4.36 trillion at end of April 2024: Arab Monetary Fund
Business & Money | Sunday 12 May, 2024 9:49 am
The market cap of Arab stock exchanges exceeded $4.361 trillion at the end of April 2024, according to the Arab Monetary Fund (AMF). The monthly bulletin data of the AMF said that the market value of the Abu Dhabi Securities Exchange reached $754.7 billion, while that of the Dubai Financial...
AIM Congress 2024 concludes with high attendance, partnerships forged for future growth
Business & Money | Sunday 12 May, 2024 9:47 am
The 13th edition of AIM Congress (Annual Investment Meeting) concluded with resounding success after three days of dynamic discussions, innovative exhibitions, and fruitful networking sessions at ADNEC. With the support of UAE Industry of Advanced Technology and the Abu Dhabi Department of Economic ...
Abu Dhabi non-oil exports to Poland soars 253% in 2023
Business & Money | Sunday 12 May, 2024 9:44 am
Abu Dhabi’s non-oil exports to Poland have soared 253% in 2023, reflecting success of efforts made by the Abu Dhabi Department of Economic Development (ADDED) to deepen economic relations. This was announced at the 2nd Business Forum between Abu Dhabi and Poland, held in Silesia Region,...
Saudi Cable names Al Bilad Capital as underwriter
Business & Money | Sunday 12 May, 2024 9:39 am
Saudi Cable Co. appointed Al Bilad Capital as an underwriter for the company’s capital increase via a SAR 400 million rights issue at SAR 10 a share, according to a statement to Tadawul. Saudi Cable will reveal updates as regards submitting the capital increase request to the Capital Market...
Johnson Controls to export Saudi-made cooling units to Europe, eyes China: CEO
Business & Money | Sunday 12 May, 2024 9:35 am
Mohanad Al Shaikh, CEO of Johnson Controls Arabia, said that exporting Saudi-made air conditioners to the US market today is merely the result of work done over the past years. Other agreements will be signed in the coming months to export to European markets. The company exports to more than...
Saudi EXIM Bank seeks to provide SAR 20B financing in 2024: CEO
Business & Money | Sunday 12 May, 2024 9:32 am
Saudi EXIM Bank managed to find credit solutions of over SAR 10 billion during the first four months of 2024. It aims to provide a financing and insurance value for industrialists of around SAR 20 billion by year-end, CEO Saad Alkhalb told Asharq Alawsat newspaper. The bank aims to quadruple...
AviLease delivers 2 Boeing 737-8 aircraft to Air India Express
Business & Money | Sunday 12 May, 2024 9:31 am
AviLease, a wholly owned subsidiary of the Public Investment Fund (PIF), delivered two Boeing 737-8 aircraft to Air India Express. These two aircraft are the first in a batch of six that will be delivered by AviLease to the airline in 2024 and 2025, AviLease said in a statement. Edward...
Saudi Arabia offers financial incentives to 490 factories: Official
Business & Money | Sunday 12 May, 2024 9:23 am
Financial incentives were offered to more than 490 factories through several initiatives and programs within the Future Factories Program, said Al-Bader Fouda, Acting Undersecretary of Industrial Development and Supervisor of the Empowerment Agency. The program aims to transform 4,000...
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