Saudi Arabia's Public Investment Fund (PIF) has entered into a definitive agreement to acquire full ownership of the Saudi Iron & Steel Company (Hadeed) from Saudi Basic Industries Corporation (Sabic) in a transaction valued at 12.5 billion Saudi riyals ($3.3 billion). This move is part of the kingdom's efforts to accelerate its industrial development.
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Jawaher Al Qasimi: Investment in Funding and Support Drives Success of Female Athletes
Jawaher Al Qasimi, Chairperson of Sharjah Women's Sports and Wife of the Ruler of Sharjah, emphasizes the crucial role of funding and support in the remarkable achievements of Emirati women in sports. The 2022-2023 season of the Sharjah Women's Sports Club witnessed outstanding success, with athletes securing a total of 335 medals in both individual and team sports at local and international levels.
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Final List of Candidates Approved for FNC Elections in UAE
The National Elections Committee (NEC) has granted its approval for the final list of candidates participating in the Federal National Council (FNC) elections in the UAE this year. A total of 309 candidates will compete for membership in the FNC, with 118 candidates in Abu Dhabi, 57 in Dubai, 50 in Sharjah, 21 in Ajman, 34 in Ras Al Khaimah, 14 in Umm Al Quwain, and 15 in Fujairah.
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The UAE and Singapore: Countries with Commonalities
Despite being separated by an ocean and thousands of kilometers, the UAE and Singapore share more similarities than one might expect. This week, Tharman Shanmugaratnam, Singapore's former deputy prime minister, was elected president with an overwhelming 70.4% of the vote, according to the Elections Department.
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DHCC Organizes Thrilling Sports Day for Over 100 Delivery Riders
Dubai Healthcare City (DHCC) recently hosted an exciting Riders Sports Day, bringing together more than 100 delivery riders from renowned platforms such as Deliveroo, Careem, InstaShop, and Noon.
The event provided riders with an opportunity to engage in friendly competition across various sports, including basketball, football, padel, and cricket. It was designed to highlight the positive impact of physical activity on mental health and overall well-being.
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Emirates Flight Catering Partners with GMG to Provide Ready-to-Go Meals
Proactively envisioned multimedia based expertise and cross-media growth strategies. Seamlessly visualize quality intellectual capital. Quickly coordinate e-business application
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Abu Dhabi Sports Council Facilitates Coexistence Program for Coaches at Spanish Academy
The Abu Dhabi Sports Council (ADSC), in collaboration with the sports and marketing agency "Two-Eleven," recently organized a coexistence program for four coaches from Abu Dhabi clubs at the prestigious UE Cornella Academy in Spain. The program took place from 30th July to 31st August as part of the foundation program, "The Coach," which aims to establish a robust training infrastructure and empower coaching staff in the emirate by providing internationally recognized licenses and certifications.
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Mohamed Salah Committed to Liverpool Amid Saudi Pro League Interest, Confirms Teammate
In the midst of an offer from the Saudi Pro League, Mohamed Salah has expressed his desire to continue playing for Liverpool, according to his teammate Dominik Szoboszlai. Their statements came after both players scored in Liverpool's 3-0 victory over Aston Villa on Sunday.
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ADNEC Group Launches Charter Flights to Europe and Central Asia, Boosting Tourism in Abu Dhabi
ADNEC Group, in partnership with its tourism division Tourism 365, has introduced new charter flight services in the UAE, expanding travel options for international tourists from various regions and further enhancing Abu Dhabi's reputation as a premier global destination.
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GCC Asset Management Market Poised to Reach $500 Billion by 2026 on Strong Oil Prices and Capital Inflows
According to a study, the asset management market in the GCC is expected to surpass global growth rates and reach nearly $500 billion in onshore assets by 2026, marking a significant increase from $400 billion at the end of 2022. Wealth management experts at Strategy& Middle East, a part of the PwC network, believe that the GCC asset management industry possesses robust growth potential, driven by favorable oil prices, substantial trade surpluses, and strong capital inflows, despite the complexities of the global market.