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Articles

Dubai Aerospace Enterprise currently serves more than 170 airline customers in about 65 countries. Photo: DAE Capital
DAE agrees to buy jet lessor Sky Fund I Irish

The deal brings a portfolio of aircraft on lease to 14 airlines, including six new customers, to the Dubai-headquartered company

AviationOctober 06, 2022
Babu Das Augustine
ADCB has entered into discussions on the potential sale of Abu Dhabi Commercial Properties, its property management services subsidiary. Mona Al-Marzooqi/ The National
ADCB may divest from Abu Dhabi Commercial Properties

The Abu Dhabi lender considers exiting the property management services business to focus on the growth of its core business

BankingOctober 04, 2022
Babu Das Augustine
Samia Bouazza, Multiply Group chief executive and managing director. Photo: Multiply Group
Multiply Group acquires 80% of IEH

IHC transfers the remaining 20% of IEH shares to Alpha Dhabi Holding

EnergyOctober 04, 2022
Babu Das Augustine
Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, says Gecko’s investment supports the UAE’s mission to develop a world class, advanced technology ecosystem. Photo: Ministry of Economy
Gecko Robotics to establish international headquarters in UAE

The US company said it will create 300 advanced technology jobs in the Emirates under NextGenFDI programme

BusinessOctober 02, 2022
Babu Das Augustine
Abu Dhabi Investment Office's partnership with Innovaccer will boost health care accessibility and affordability in the region. Victor Besa / The National
Adio partners with Innovaccer to improve healthcare services in Middle East

Health cloud company to get incentives to set up regional headquarters and R&D hub in Abu Dhabi

TechnologySeptember 30, 2022
Babu Das Augustine
Eat App provides cloud-based applications to restaurants for increasing efficiency and revenue. Photo: Eat App
Eat App raises $11m in series B funding for global expansion

Company plans to use funds to capitalise on post-pandemic adoption of digital tools in hospitality industry

Start-UpsSeptember 28, 2022
Babu Das Augustine
Adnoc Distribution will pay an interim dividend of Dh1.28 billion for the first six months of 2022. Photo: Adnoc Distribution
Adnoc Distribution shareholders approve $350m dividend as profit set to surge

Robust financial performance and balance sheet growth to support company's dividend policy

BusinessSeptember 28, 2022
Babu Das Augustine
Oil prices touched their lowest level since January on Monday on fears of a global slowdown. AFP
Oil rallies after touching nine-month low as dollar rally eases

Market remains volatile amid fears of a potential recession and monetary policy tightening

EnergySeptember 27, 2022
Babu Das Augustine
Beeah Group, which is based in Sharjah (pictured), and Egypt's Green Planet will introduce future-ready waste management strategies that align with Egypt’s sustainability agenda. These include using waste management infrastructure, streamlined waste collection solutions and recycling services. Courtesy Beeah.
Sharjah’s Beeah and Egypt’s Green Planet agree Sharm El Sheikh deal

Ten-year contract to deliver cleaning services before, during and after Cop27 summit

BusinessSeptember 27, 2022
Babu Das Augustine
Crude is on its way to a substantial quarterly slump, analysts say, as central banks raise interest rates aggressively to fight inflation. AP
Oil prices drop to nine-month low on recession fears

Brent’s crash involved prices falling below $85 a barrel

EnergySeptember 26, 2022
Babu Das Augustine
Cargo ships at Khalifa Port. Photo: AD Ports Group
AD Ports Group's Safeen Feeders unveils dry bulk shipping service with Invictus

The two companies will initially invest $126m in new vessels

BusinessSeptember 26, 2022
Babu Das Augustine
Container ships at Khalifa Port, Abu Dhabi. The aggregate value of non-oil exports from the UAE to Saudi Arabia over the past 10 years was about Dh205.5 billion. Photo: AD Ports Group
Trade between UAE and Saudi Arabia crossed $17.8bn in first half of the year

Non-oil trade between the two countries surged 92.5 per cent in the past decade, official data show

EconomySeptember 22, 2022
Babu Das Augustine
The Dubai Creek Harbour deal makes Dubai Holding the second-largest shareholder of Emaar. Photo: Emaar Properties
Emaar shareholders approve acquisition of Dubai Creek Harbour and sale of Namshi

A special resolution at the general assembly removes limits on foreign shareholding in the company

MarketsSeptember 21, 2022
Babu Das Augustine
Mashreq chairman, AbdulAziz Al Ghurair, at the launch of the bank's new brand strategy. Antonie Robertson / The National
Mashreq launches new brand identity to reflect digital transition

Dubai bank will adopt a ‘challenger brand status’ to meet the evolving needs of customers

BankingSeptember 21, 2022
Babu Das Augustine
Binance intends to offer a range of Vara-approved virtual assets-related services to qualified retail and institutional investors in Dubai. Reuters
Binance secures 'viable product' licence from Dubai regulator

Blockchain services provider may now offer Vara-approved virtual assets-related services to qualified retail and institutional investors in Dubai

CryptocurrenciesSeptember 20, 2022
Babu Das Augustine
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