Business & Money | Tuesday 17 June, 2025 8:00 am

ADNOC Drilling announces appointment of Abdulla Ateya Al Messabi as CEO

ADNOC Drilling Company PJSC (“ADNOC Drilling” or the “Company”) (ADX symbol: ADNOCDRILL / ISIN: AEA007301012) announced today that the Board of Directors has appointed Abdulla Ateya Al Messabi as the new ADNOC Drilling Chief Executive Officer (CEO). Abdulrahman Abdulla Al Seiari, the...

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Business & Money | Tuesday 17 June, 2025 8:00 am

Dubai Chamber of Commerce supports expansion of IT firm AfroVision Technologies into Ghana

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has supported the expansion of AfroVision Technologies, a Dubai-based information technology company, into Ghana. Dubai International Chamber’s representative office in Ghana played a key...

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Business & Money | Tuesday 17 June, 2025 8:00 am

COIMA, Eagle Hills partner to unlock €200m restoration of iconic Venice hotel

COIMA SGR, a leading Italian real estate investment and asset manager, has finalised an agreement to acquire 100 percent of the legacy debt on the historic Grand Hôtel des Bains, paving the way for the full restoration of the landmark property on the Lido di Venezia. The project will be...

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Business & Money | Tuesday 17 June, 2025 8:00 am

UAE’s Ministry of Defence Strengthens its Environmental Credentials with Tabreed and Emerge

 The UAE Ministry of Defence, in partnership with Tabreed, the world’s leading district cooling company, and Emerge, a joint venture between the UAE’s Masdar, a global clean energy leader, and France’s EDF Group, announced today the completion of a new project to integrate solar energy...

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Business & Money | Tuesday 17 June, 2025 8:00 am

AZIZI DEVELOPMENTS AND ESHARAH ETISALAT SECURITY SOLUTIONS PARTNER TO ENHANCE BURJ AZIZI CRITICAL COMMS

 Azizi Developments, a leading private developer in the UAE, has announced its partnership with Esharah Etisalat Security Solutions, the UAE-based provider of secure and mission-critical communication solutions. As part of this collaboration, Esharah will supply the TETRA communications system ...

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Tourism & Hospitality | Monday 16 June, 2025 3:47 pm

7 Hidden Gems in Rome That Tourists Often Miss

Rome, the Eternal City, is a myriad of ancient ruins, majestic piazzas, and riddle-like cobbled avenues with thousands of fantastic tales. The city never ceases to charm the tourists, no matter how many times you have visited it.  Well, of course, no visit to Rome would be complete...

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Business & Money | Monday 16 June, 2025 8:33 am

Almarai signs SAR 1.04B acquisition deal for Ival, Oska owner

Almarai Co. signed an agreement to acquire 100% of the shares of Pure Beverages Industry Co., the owner of Ival and Oska, in a deal valued at SAR 1.04 billion. In a statement to Tadawul, Almarai said Pure Beverages is a leading producer of premium bottled drinking water in Saudi Arabia and the ...

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Business & Money | Monday 16 June, 2025 8:30 am

Tasheel sets up fintech payroll processing firm in Saudi Arabia

United International Holding Co. (Tasheel) finalized the establishment of a new company, named Now Access, with SAR 10 million capital and a total investment of SAR 75 million. The new entity is specialized in providing payroll administration and processing services through fintech in the...

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Business & Money | Monday 16 June, 2025 8:28 am

ProMedEx inks MoU to establish JV in Saudi Arabia

Professional Medical Expertise Co. (ProMedEx) signed a non-binding memorandum of understanding (MoU) with Zhende Medical Co. Ltd and MedSurg FZ-LLC, according to a Tadawul statement. The move aims to establish a joint venture (JV) in Saudi Arabia to manufacture medical supplies and better...

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Business & Money | Monday 16 June, 2025 8:26 am

UAE’s GDP reached AED1,776 billion in 2024 with 4% growth

The UAE’s real gross domestic product (GDP) reached AED1,776 billion in 2024, marking a 4 percent increase compared to that of 2023. Non-oil GDP grew by 5 percent, totalling AED1,342 billion, while oil-related activities contributed AED434 billion to the overall economy. Abdulla bin...

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