Bloomberg Reliance Industries Ltd. will buy a controlling stake in local search engine and e-commerce marketplace, Just Dial Ltd, for as much as $767 million as Mukesh Ambani’s conglomerate looks to bolster its digital offerings. India’s most valuable company plans to acquire 66.95% stake in Just Dial through its arm, Reliance Retail Ventures Ltd. It will use a combination of ...
Read More »Sharjah / WAM Sharjah Islamic Bank (SIB) announced an increase in its operating profit before provisions by 25.6 percent, amounting to AED 417.3 million for the first six months, compared to AED 332.3 million for the same period of the previous year. Net profit amounts to AED 289.5 million for the six months period ended June 30 compared to AED ...
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Dubai / WAM The UAE has ranked among top 20 countries globally in the fixed broadband index with the fastest average download speeds in May 2021, according to the latest data from Ookla, a global leader in fixed broadband and mobile network testing applications, data and analysis. “This global achievement is a testimony to UAE leadership’s vision and commitment in ...
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ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, the 15th edition of Al Dhafra Festival will be held from October 28, to January 22, 2022. HH Sheikh Mohamed issued directives to expand the festival to include camel mazayna (beauty ...
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Sharjah / WAM A total of 48,191 inspection campaigns were carried out on various economic establishments in Sharjah during the second quarter of 2021, achieving a growth of 288 percent compared to the second quarter of last year, according to Sharjah Economic Development Department (SEDD). Salim Al Suwaidi, Deputy Director of Commercial Control and Protection Department at SEDD, said the ...
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SHARJAH / WAM The Organising Committee of the Al Dhaid Date Festival has finalised all preparations to launch the 5th edition of the festival, which is organised by the Sharjah Chamber of Commerce and Industry (SCCI) from July 22-25. Mohammed Ahmed Amin Al-Awadi, Director-General, SCCI, stated the preparations are in full swing to organise a distinguished season of the festival ...
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Emirates Business Zurich Capital Funds Holding (the ZCFH’) marked the beginning of an exciting new chapter in its ongoing journey towards expanding its investment portfolio with the launch of its new mobile banking. ZCFH headquartered in GCC & Africa, mobile banking company Rezq -Baraka (the ‘Rezq), the only mobile Shariah compliant &digital bank in the world, raises $20 million for ...
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Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP), announced that it conducted 299,275 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Saturday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...
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ERBIL / WAM The Emirates Red Crescent (ERC) provided relief aid to people affected by the fire that erupted in the Sharia Refugee Camp in Dohuk, Kurdistan Region, Iraq. A delegation from the ERC supervised the distribution of food, medical supplies, clothes, cooking equipment and other necessities to thousands of Iraqi refugees at the camp. The delegation, which is visiting ...
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ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), on Wednesday announced an investment of $763.7 million (AED2.8 billion) in integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields to support its production capacity expansion to 5 million barrels per day (mmbpd) by 2030. The investment is in ...
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