Shuaa Capital

Shuaa Capital’s top investors are exploring sale

The firm’s market capitalisation exceeds Dhs1bn ($272m) and it has close to $5bn in assets under management

India school GCC

India supports community initiatives for new schools in GCC

Within the GCC, the largest number of Indian schools are in the UAE

Flynas (Image: Supplied by flynas)

Flynas signs sustainability agreement with Saudi Investment Recycling Company

The two entities will jointly explore opportunities to develop best practices and solutions for the airline’s recycling needs

UAE national banks provide Dhs745.5bn in financing by May

UAE banks provide Dhs745.5bn credit to business, industrial sectors

The central bank said the business and industrial sectors received credit financing mostly from traditional banks

India - UAE bilateral meet in Abu Dhabi

UAE-India partnership: Leading the regionalisation of trade

Just one year into its implementation, the bilateral CEPA is paying dividends for both countries

Tanmiah posts SAR983.1m in H1 revenues

Tanmiah H1 revenue surges to SAR983.1m on poultry sales

The food manufacturer’s half-year profit increased by 2.2 per cent to SAR32.4m from SAR31.7m a year earlier

Boeing 737

Dubai Aerospace Enterprise to acquire 64 Boeing 737 MAX aircraft

The Boeing 737 MAX airplane family delivers enhanced efficiency, improved environmental performance and increased passenger comfort to the single-aisle market

ADNOC, TABREED advance efforts for geothermal energy

ADNOC, Tabreed announce advances in effort to harness geothermal energy

Leveraging geothermal heat for district cooling operations has the potential to reduce electricity demand helping decarbonise an energy-intensive sector

Red Sea International Airport by RSG

Red Sea phase one: Here are 7 key construction milestones

The Red Sea International Airport is on track to receive its first domestic flights later this year

Kuwait’s Agility posts KWD14.2m in Q2 profit

Kuwait’s Agility posts KWD14.2m in Q2 2023 profit

The company’s profit in the first six months to June 30 rose by 2.3 per cent to KWD29.4m

TAQA’s half-year net income surges to Dhs13.5bn

UAE’s TAQA Group posts Dhs13.5bn in H1 net income

The company’s board of directors declared a second interim cash dividend for the year of 0.65 fils per share (approximately Dhs731m)

Red Sea Global 5G network (Source: Sourced from Red Sea Global Media Centre)

World’s first zero-carbon 5G network unveiled at Six Senses Southern Dunes

It will be powered by 100 per cent renewable energy from over 760,000 solar panels that Red Sea Global has built to power The Red Sea destination

Saudi Arabia plans to issue $9.6bn in sukuk after buyback GettyImages-1464744716-1

Saudi Arabia plans to issue $9.6bn in sukuk after buyback

HSBC Saudi Arabia, Al Rajhi Capital, SNB Capital, and AlJazira Capital have been appointed as joint lead managers to lead the transaction

ADNIC H1 2023 earnings

ADNIC reports net profit of Dhs204m in H1 2023

ADNIC in its earnings release reported its underwriting profitability continued to be robust with a combined ratio of 87.60 per cent and a net insurance service profit of Dhs178.1m

Saudi Football League signs deals for global broadcast Al Khaleej VS Al Taawon Image courtesy Saudi Pro League

Saudi Football League lines up deals to broadcast games globally

The deals supposedly span more than 130 territories at rates as much as four times higher than last season’s total revenue from broadcast rights

Neymar

Neymar leaves PSG for Saudi Pro League club Al Hilal

The Brazil forward’s current contract with PSG runs until 2025

DEWA selects Masdar to build Dubai solar park

DEWA selects Masdar to build phase 6 of Dubai solar park

The total capacity of the solar energy projects commissioned at the Mohammed bin Rashid Al Maktoum Solar Park has reached 2,427MW

Sahem Azzam on reimagining supply chain

How technology can unlock the full potential of supply chain

Smart technologies can unlock the potential data dividend in every link in the supply chain

KBBO Group debt pile

Abu Dhabi revises hotel fees to boost hospitality sector

The change, which follows directives from the Abu Dhabi Executive Council, is set to take effect from September 1

AD Ports Food Hub Image Image Ad Ports

How AD Ports’ logistics cluster is supporting global trade

Qusai Kankazar, chief operations officer of AD Ports’ Logistics Cluster, tells us how the group is growing its global presence while bolstering its regional operations

Julphar posts Dhs859.4m in H1 revenues, up 2.5%

Julphar half-year revenues surge to Dhs859.4m on solid growth

The company registered double-digit growth in the UAE and GCC region markets due to continued positive developments in key markets including Saudi Arabia

Atlantis The Royal

Atlantis Dubai plots global expansion to cash in on travel boom

A sustained rebound in leisure travel is pushing hospitality brands to look at expanding their footprint

Emaar Properties posts Dhs4.9bn in H1 profit, up 15%

Emaar Properties posts Dhs4.9bn in H1 2023 profit

The developer’s group property sales, rose by 14 per cent to Dhs20.2bn

Turkey waits on UAE investment

Turkey sees cash flow from $51bn UAE deal starting by end of this year

The agreement marked the high point of Turkey’s President Recep Tayyip Erdogan’s recent visit to the Middle East

Air Arabia’s quarterly profit soars 187% to Dhs459m

Air Arabia’s quarterly profit soars 187% to Dhs459m

The budget carrier flew more than 3.8 million passengers between April and June

Smart Salem to expand UAE residence visa processing services in DIFC image Dubai Media Office DIFC

Smart Salem, DIFC Services to expand UAE residence visa processing services

More than 100,000 customers have availed residency services and completed medical tests across Smart Salem’s three centres over the past 12 months

Bloom Arjaan by Rotana

Bloom Holding partners with Rotana for hotel apartment on Saadiyat Island

The property is being developed to combine the comforts of a home and the convenience of a hotel and easy access to Saadiyat Island’s attractions

Yahsat reinforces presence in China image WAM

UAE’s Yahsat reinforces presence in China

The Asia Pacific region is amongst the main international markets for the company due to its popular solutions, which includes Thuraya’s MarineStar

Riyadh Air signs first sports sponsorship deal

Riyadh Air signs multi-year sponsorship deal with Atlético de Madrid

The partnership is the first sports sponsorship deal that Riyadh Air has signed since its official launch in March

Lulu Mall in Fujairah

Lulu to raise $2.7bn ahead of possible IPO

The Abu Dhabi-based hypermarket chain is realigning its capital structure before a possible listing in 2024 after delaying those plans this year