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Author Archives: enterpriseam admin
G42 plans mega data center in Kenya + new desal plant in Umm Al Quwain
Plus: More logistics, aviation, science, space, and healthcare news
An almost record year for Saudi Aramco, despite waning oil prices and production cuts
Saudi’s Aramco recorded its second-highest annual net income ever in 2023, despite falling 25% y-o-y to USD 121 bn on waning oil prices and lower output, according to the oil giant’s latest earnings release (pdf). The firm’s revenues also decreased by 18% y-o-y to USD 440 bn over the same period, the company said in […]
Abu Dhabi, Slovakia agree to boost cooperation and establish an investment fund + more partnerships with Greece
The agreement will see the UAE and Slovakia cooperate on supporting SMEs and startups
MARCH 5-12 March (Tuesday-Tuesday): Subscription period for retail investors for Parkin’s IPO. 5-13 March (Tuesday-Wednesday): Subscription period for institutional investors for Parkin’s IPO. 11-12 March (Monday/Tuesday): Start of Ramadan. 11 March (Monday): Dubai’s PMI figures are out. 21 March (Thursday): Parkin shares begin trading. APRIL TBC April: DRIFTx, Abu Dhabi. 9/10 April (Tuesday/Wednesday): End of […]
Brace for a stormy weekend ahead
Plus: Dubai Taxi eyes acquisitions in 2024, and ADQ prepares for an Etihad Airways IPO
Dubai clarifies foreign bank tax levies post-corporate tax
Foreign banks licensed to operate in the DIFC are exempted from the 20% levy
Adnoc eyes more LNG expansion
Adnoc could ink an offtake agreement from the USD 18 bn Rio Grande LNG facility
CBUAE launches region’s first ombudsman unit
Sanadak will handle claims from consumers against banks and licensed ins. companies