Pavilion will reproduce the last Inca bridge, Q’eswachaka, symbolising the connection between the past, present and future of Peru Peru has kicked off its plans at Expo 2020 Dubai with a ground-blessing ceremony, led by Edgar Vásquez, the Minister of Foreign Trade and Tourism of Peru. The ceremony officially... Read more
Joint venture between DP World and Terminal Link – PortSynergy Group awarded service concession for construction and operation of new terminal at Port 2000 in Le Havre A joint venture between DP World and the France-based container operator Terminal Link – PortSynergy Group (GMP) has been awarded the service... Read more
State oil giant says will only pay kingdom’s sovereign wealth fund about a third of the $69.1bn price tag in cash, down from half previously Saudi Aramco will delay fully paying for the acquisition of a 70 percent stake in petrochemicals company Sabic by four years until September 2025... Read more
More than 1,000 authorised ticket resellers around the world indicate commitments for over 2 million tickets prior to official launch Expo 2020 Dubai’s ambition to draw 25 million visits through its gates is on track after more than 1,000 authorised ticket resellers (ATRs) have signed up in key markets... Read more
Dubai developer announces completion of Afnan District which offers more than 650 homes Deyaar Development has completed work on the Afnan District in its flagship Midtown project, with unit handover beginning imminently. Afnan District is the first to be completed of the six districts in Midtown’s urban community which... Read more
Amanat Holdings Has Recorded a 38% Increase in Nine-month Net Profit Despite Losses Related to Bahrain Hospital Investment
BusinessEconomy and Finance 4 November 2019 0
Amanat Holdings has recorded a 38% increase in nine-month net profit despite losses related to Bahrain hospital investment Amanat Holdings, the GCC’s largest healthcare and education investment company, has recorded a 38 percent increase in nine-month net profit to AED33.4 million on total income from investments of AED52.1 million.... Read more
Masdar City adds to Circ’s growing portfolio of partner communities in the UAE capital since its regional launch in July Europe’s micro-mobility champion, Circ, has announced a new community partnership in Abu Dhabi with Masdar City, the world’s first low-carbon urban community, to provide e-scooters to its residents, tenants... Read more
How Saudis Have Been Saving Up for Historic Aramco Share Sale
BusinessEconomy and Finance 4 November 2019 0
Everyone is being encouraged to invest in the kingdom’s most important asset and many Saudis see the IPO as a demonstration of loyalty It’s the day so many ordinary Saudis have eagerly awaited. The sale of shares in their national oil giant, Aramco, has been three years in the... Read more
Saudi Arabia’s BinDawood picks JPMorgan, Goldman for IPO
BusinessEconomy and Finance 27 October 2019 0
Saudi Arabia’s BinDawood Group is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. to sell shares of its supermarket business as early as next year, according to people with knowledge of the matter. The company also picked GIB Capital for the deal, which could value the... Read more
Energy used for world showcase six-month event to come entirely from renewable sources Energy used during Expo 2020 Dubai will be 100 percent generated from renewable sources. It forms part of an overall AED4.26 billion ($1.2bn) investment by Dubai Electricity and Water Authority (DEWA) to support the necessary infrastructure... Read more
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