Yahsat has hired Abu Dhabi Commercial Bank, First Abu Dhabi Bank and HSBC Holdings as joint lead managers Abu Dhabi state investor Mubadala will offer at least 30 percent of Al Yah Satellite Communications Co's (Yahsat) issued share capital to retail and institutional investor through...

Both companies will partner on multiple fronts including producing new forms of content across digital, print and broadcast UAE-based Motivate Media Group – Gulf Business‘ parent organisation – has signed a partnership with Israel-based broadcaster i24 News to collaborate on producing...

Islamic financial sector has total assets $213bln Assets of fully-fledged Islamic banks grew by 5 percent during 2020, accounting for about 19 percent of UAE’s total banking system assets. However, assets of Islamic windows at conventional banks fell by 2.4 percent accounting for...

The gastronomy experience goes beyond Dubai’s towering metropolis, where one can find a bourgeoning produce scene DUBAI - As a unique city located at the crossroads of the East and the West, the diversity of offerings is what makes Dubai a must-visit destination. From heritage to...

1,976 recoveries announced in last 24 hours ABU DHABI - The Ministry of Health and Prevention (MoHAP) announced that it conducted 227,684 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Wednesday, the Ministry...

2,094 recoveries announced in last 24 hours ABU DHABI - The Ministry of Health and Prevention (MoHAP) announced that it conducted 229,143 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the Ministry...

Appetite for larger homes rise in Dubai, in step with global trend Dubai’s residential property market is witnessing a huge fillip despite supply concerns and negative population growth thanks to home buyers flocking to larger villas and apartments during the pandemic. "The...

State-owned firm posts first loss in 30 years Emirates Group, the operator of Emirates airline, has slashed its total workforce by more than a third in a series of job cuts due to lack of demand in air travel that was triggered by COVID-19, the company said on Tuesday. "For the...

Transport, storage and communications sectors played a key role in ensuring sustainable food supply chain movements in times of crisis ABU DHABI: The UAE transport, storage, communications construction and real estate sectors received AED44.1 billion in credit facilities in 2020,...

DEWA will commission the world's tallest CSP tower in September 2021 DUBAI - Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has announced that the authority will add 600 megawatts (MW) of clean energy capacity using photovoltaic solar panels and...