Press Dossier   By Date  12/04/2021
Al Mazrouei unveils roadmap for managing energy, housing, infrastructure and transportation sector
Suhail Mohamed Faraj Al Mazrouei, the UAE Minister of Energy and Infrastructure, has revealed a comprehensive development roadmap for the sectors supervised by the ministry, which includes the energy, housing, transportation, and infrastructure.
Alabbar to head UAE's first digital bank
The UAE’s first digital bank will soon be launched, and the financial institution will be headed by Emaar Properties’ former chairman Mohamed Alabbar.
Dubai Investments announces 8% cash dividend to shareholders
Dubai Investments, a leading UAE investment company listed on the Dubai Financial Market (DFM), approved all resolutions on its agenda during its annual general meeting, held on Sunday.
Saudi startups raise $76m in the first 3 months of 2021
Saudi startups raised $76 million in the first quarter of 2021, a 137.5 percent increase on the previous quarter’s fundraising total of $32 million.
Bahrain’s Arcapita buys FedEx distribution center in Texas
Bahrain-based investment firm Arcapita Group Holdings on Sunday announced it had bought a Texan distribution facility used by FedEx, bringing the total value of its US industrial real estate portfolio to over $200 million.
Dubai’s non-oil trade tops $321.8 billion in 2020
Dubai’s non-oil foreign trade reached $321.8 billion (1.185 trillion dirhams) in 2020, 13.5 percent lower than the previous year as the coronavirus pandemic weighed on activity.
UAE President orders the release of 439 prisoners
It shadows the values of forgiveness and tolerance, it allows the prisoners an opportunity to start a new chapter in their lives and positively contribute to the service of their families and communities.
Saudia airline getting ready to operate on May 17
The Kingdom’s flagship carrier is preparing for full-capacity operations ahead of the lift of the travel ban next month, with Saudis eager to safely return to traveling during the coronavirus disease (COVID-19) pandemic.
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