Presight AI debuts on ADX

Presight AI surges 176% in Abu Dhabi debut after $496m IPO

The data analytics firm’s shares shot up as much as 176 per cent to Dhs3.70 compared to the IPO price of Dhs1.34 apiece

Aldar unveils the Source

UAE’s Aldar Properties unveils homes dedicated to health and wellbeing

Construction of the project is set to start in the last quarter of 2023, with handovers projected for Q3 2026

Mohamed Ali Al Ansari - Group Chairman of Al Ansari Financial Services

Al Ansari Exchange raises Dhs773m in IPO, attracts bids worth Dhs12.7bn

The company sold 750 million shares and set the final share price at Dhs1.03, implying a market capitalisation of Dhs7.73bn at listing

Aramco, HAPCO JV

Aramco, China JV to start work on petrochem complex

The state-owned oil giant will supply up to 210,000 bpd of crude oil feedstock to the complex, which is being built in China’s Liaoning province

DP World Logistics Container

DP World’s investments top $10bn in past decade

The company’s investments in 2022 totalled $320m despite slowing demand for logistics services due to the global economic challenges

shipping service

AD Ports Group introduces new shipping service to Kuwait

The service aims to improve commercial connectivity and facilitates trade with Kuwait

NEOM Airlines launched

New Saudi carrier: NEOM Airlines to launch in 2024

The airline will be focused on enabling travel for tourists, residents and commercial partners to and from NEOM

Aramco

Aramco, Samsung sign MoU, will leverage 5G tech

The non-binding MoU aims to contribute to the digital transformation of various industrial sectors in Saudi Arabia

CBUAE's CBDC strategy

CBUAE unveils Central Bank Digital Currency strategy

The first phase of CBUAE’s CBDC strategy is expected to complete over the next 12 to 15 months and comprises three major pillars

NEOM Bay Airport contract

Saudi Arabia’s NEOM awards contract for international airport

The contract’s scope includes project management for master planning, design and construction services, through to testing, commissioning, operational readiness, activation and transition

AD Ports partners with Egypt’s SCZone

AD Ports, Suez Canal Economic Zone partner to develop projects in Egypt

The ports operator will develop projects in the ports of East Port Said, West Port Said and Al Areesh

ADQ AgTech Park commences operations with vertical farming project

ADQ’s AgTech Park begins operations, launches vertical farming project

At full scale, the 200-hectare AgTech Park will target production volumes of over 40 kilotonnes of fresh fruits and vegetables annually

Mubadala Building jv with Ares.

Mubadala, Ares create $1bn JV to invest in credit secondaries

The venture represents a key milestone for both organisations and will enhance Mubadala’s positioning within the secondaries credit market

Olayan Saudi Holding Company hospital with Vamed Hospital render

Olayan Saudi Holding Company, Vamed to open hospital in Riyadh

It’s the first of many hospitals planned in Saudi Arabia and regionally, as part of OSHCO’s aim to grow its healthcare investment portfolio

Gold and silver

Dubai to launch new gold and silver coins

The coins will be made available for purchase after Ramadan

fulfillment centre

Amazon opens a new fulfillment centre in Dubai South

The new facility will increase Amazon’s storage capacity by 70 per cent, supporting a wider selection of products for customers

Ramadan business etiquette

Ramadan 2023: Significance, best practices and tips

The holy month is considered a time for spiritual renewal and reflection

HH Sheikh Hamdan announces 04 platform for Dubai

Dubai launches 04 platform to enhance govt services

The platform enables customers to submit suggestions, comments and complaints to Dubai government officials in three easy steps

DIFC unveils DIFC Launchpad

Dubai financial hub launches venture building platform ‘DIFC Launchpad’

The programme supports efforts to realise the financial centre’s 2030 strategy to catalyse economic growth

Ramadan 2023

UAE confirms first day of Ramadan 2023

The UAE’s moon-sighting committee announced that March 22 will be the 30th day of Sha’ban

Sustainability roundtable Century Finacial

UAE financial sector reaffirms commitment to sustainability

The round table discussion hosted by Century Financial showcased new sustainability initiatives and partnerships aimed at promoting investments

Showers

UAE weather: Showers hit parts of the country

The National Center of Meteorology reported that the weather is expected to be partly cloudy to cloudy

Dubai Police Ramadan Cannon

Ramadan 2023: UAE moon-sighting committee to meet Tuesday

The sighting of the moon signifies the start and the end of Ramadan, the ninth month of the Islamic calendar

Dr Moopen’s family acquires additional 4% stake in Aster DM Healthcare

The increase of 4 per cent stake from 37.88 per cent reaffirms the family’s commitment to the business in India and GCC

RTA premium number plates auction-112

Dubai premium number plates fetch a total of Dhs38.21m

RTA offered a total of 90 premium number plates for bidding during the 112th Open Auction

Kuwait Oil Company oil spill

Kuwait Oil Company declares ‘state of emergency’ after oil spill

The company said a state of emergency has been declared but no leakage of poisonous gas was detected at the site of the oil spill

1 billion meals

Sheikh Mohammed launches 1 billion meals endowment campaign

It is an expansion of the UAE’s previous Ramadan campaigns

Yolk Brands

Yolk Brands acquires 1762

The eatery joint joins Pickl and BonBird in the group

President Mohamed talks to President Assad

UAE President receives Syria’s Bashar al-Assad

The UAE President drew attention to the need to make all available efforts to facilitate the return of Syrian refugees with dignity to their country

Al Masar Park in Abu Dhabi

Abu Dhabi unveils new park in Khalifa City

Al Masar Park has a 2.1-kilometre jogging track and features 2,841 trees, 58,000 shrubs, and ground-cover plants