Tourism & Hospitality | Saturday 9 August, 2025 2:36 pm

Riyadh Air signs global distribution agreement with Spain’s Amadeus

Riyadh Air, Saudi Arabia’s new national carrier and a Public Investment Fund (PIF) subsidiary, signed a global distribution agreement with Spain’s Amadeus. This strategic partnership will enable Riyadh Air to access one of the world’s largest networks of travel agents.   In a...

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Business & Money | Saturday 9 August, 2025 1:19 pm

Dubai Electricity and Water Authority PJSC reports a record AED 14.6 billion in revenue for the first half of 2025 and approves dividend payment of AED 3.1 billion

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its first half 2025 consolidated financial results, recording first half revenue of AED...

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Business & Money | Saturday 9 August, 2025 11:00 am

Azizi Developments Enters Final Handover Phase for Remaining Buildings in Azizi Riviera, MBR City

 Azizi Developments, a leading private developer in the UAE, is proud to announce that its flagship master-planned community, Azizi Riviera in MBR City, has entered its final stage of delivery. A total of 53 out of the 75 buildings have been handed over, comprising all of phases 1, 2, and 3,...

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Business & Money | Thursday 7 August, 2025 2:09 pm

Digital coaching unveiled as game-changer in UAE’s workforce transformation at SPARK Dubai 2025

As governments and employers across the Gulf prioritise workforce development, digital coaching is becoming part of the region’s strategic infrastructure. That shift was in sharp focus at SPARK Dubai 2025 on Tuesday, where WeAce launched its new whitepaper, Powering Talent and Growth in the...

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Business & Money | Thursday 7 August, 2025 9:55 am

Jabal Omar raises land sale price in Makkah by SAR 21M

Jabal Omar Development Co. signed an addendum to the land sale agreement within its Makkah-based project with Azhar Co., which includes amending the sale price from SAR 1.14 billion to SAR 1.16 billion, an increase of SAR 21 million. According to a statement to Tadawul, the company said that...

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Business & Money | Thursday 7 August, 2025 9:53 am

Dubai Aerospace Enterprise reports $843.6 million H1 revenue

Dubai Aerospace Enterprise (DAE) reported a 24% year-on-year increase in revenue to US$843.6 million for the first half of 2025, up from $679.2 million in the same period last year. Profit before tax surged 228 percent to $506.8 million, compared with $154.3 million in H1 2024, supported by...

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Business & Money | Thursday 7 August, 2025 9:49 am

UAE Ambassador meets ACS Secretary-General to strengthen partnership

Hazza Al Kaabi, UAE Ambassador to the Republic of Cuba, met with Noemí Espinoza Madrid, the newly appointed Secretary-General of the Association of Caribbean States (ACS), at ACS Secretariat headquarters, as part of an official visit to the Republic of Trinidad and Tobago. This meeting...

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Business & Money | Thursday 7 August, 2025 9:38 am

United Arab Bank successfully raises AED1.03 billion through Rights Issue

United Arab Bank (UAB), listed on the Abu Dhabi Securities Exchange (ADX) announced the successful completion of its capital increase, which ended on July 29, 2025. The Rights Issue raised AED1,031 billion increasing the Bank’s issued capital from AED2,062 billion to AED3,093 billion. The...

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Business & Money | Thursday 7 August, 2025 9:36 am

Shamal Holding unveils Naïa Island Dubai

Shamal Holding, the Dubai-based diversified investment firm, today unveiled Naïa Island Dubai, a landmark private estate set to redefine ultra-luxury living in the region. At its heart, the island hosts the region’s first Cheval Blanc maison, which promises to set new standards for...

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Business & Money | Thursday 7 August, 2025 9:34 am

MoF partners with Institute of Management Accountants to launch CMA, FMAA certifications

The Ministry of Finance (MoF) has signed a strategic Memorandum of Understanding (MoU) with the Institute of Management Accountants (IMA) to launch the Certified Management Accountant (CMA) and Financial and Managerial Accounting Associate (FMAA) certifications. The MoU is part of the...

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