Business & Money | Wednesday 6 January, 2021 2:26 pm

AlRaha AlSafi Food completes acquisition of first milling firm for $540 million

AlRaha AlSafi Food Co, consisting of Almutlaq Group, AlSafi Holding Co., Abunayyan Trading Co. and Essa Al-Ghurair Investment LLC, announced the completion of First Milling Company (MC-1) through the Phase-1 competitive tender of the Saudi flour mills privatisation for $540 million (SAR 2.03...

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Business & Money | Wednesday 6 January, 2021 2:18 pm

DMCC’s Dubai diamond exchange to host six diamond tenders in January 2021

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – will host six diamond tenders in its Dubai Diamond Exchange, the world’s largest diamond tender facility, in January 2021. This follows a record-breaking tender hosted in December...

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Business & Money | Wednesday 6 January, 2021 1:50 pm

Agthia completes transaction with Al Foah to create Top 10 F&B company in the region

 Agthia is now domestic champion in four essential F&B categoriesAl Foah will operate as a strategic business unit within Agthia   Agthia Group PJSC, a leading food and beverages company, today announced the successful completion of its strategic combination with Al...

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Business & Money | Tuesday 5 January, 2021 5:58 pm

DMCC records strongest performance in 5 years attracting 2025 companies to Dubai

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – registered a record breaking 2025 new companies in 2020, the highest number of registrations in 5 years. Despite an overall business environment shaped by the COVID-19 pandemic, the...

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Business & Money | Tuesday 5 January, 2021 5:55 pm

DGCX trades 12.73 million contracts, records yearly AOI of 220,504 contracts in 2020

The Dubai Gold & Commodities Exchange (DGCX) today announced that it traded 12.73 million contracts in 2020, and recorded a yearly AOI of 220,504 contracts in 2020. Open interest refers to the total number of outstanding contracts at the end of the trading day and is a strong indicator of an...

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Business & Money | Tuesday 5 January, 2021 11:20 am

SACOOR BROTHERS OPENS 5 STORES ACROSS THE KINGDOM OF SAUDI ARABIA

Sacoor Brothers, the international premium fashion label hailing from Portugal is celebrating the opening of its 5 stores across KSA. Already well-established Online in KSA and with stores in the UAE, Kuwait, Bahrain and 18 other countries worldwide, the 5 new brick and mortar stores have...

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Business & Money | Monday 4 January, 2021 12:22 pm

Saudi Arabia’s Hadaf adds six new professions in training program

The Saudi Human Resources Development Fund (Hadaf) is supporting six more professions in its Tamheer training program. The new professions are clinical assistant, dental assistant, pharmacist assistant and optics professional, as well as training for some professions related to the film...

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Business & Money | Monday 4 January, 2021 11:58 am

SERENA MARKETPLACE BRINGS CONVENIENCE TO DUBAILAND COMMUNITIES

  45,000 sq ft centre includes Geant Express among range of offerings Serena Marketplace, a new, community shopping and service centre for Serena, the Mediterranean-themed gated community located in the heart of Dubailand, has officially opened for business, bringing a quality retail ...

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Business & Money | Monday 4 January, 2021 11:23 am

ENOC Group opens new service station in Umm Al Quwain

 ENOC Group has opened a new service station in Umm Al Quwain to meet the fuelling needs of motorists crossing Sheikh Mohammed bin Zayed Road from the Northern Emirates to Dubai and Abu Dhabi. This brings the total number of service stations by ENOC in the UAE to 150. The service station...

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Business & Money | Monday 4 January, 2021 11:19 am

Sharjah Publishing City Free Zone attracts 100 enterprises from 23 countries in 2020

Among the new companies that set up shop in SPCFZ are five global education providers Leveraging Sharjah’s strategic location and business-friendly environment, Sharjah Publishing City Free Zone (SPCFZ) has been playing a key role in bringing publishing companies, education providers and...

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