SHARJAH / WAM Arada relaunched its landmark ‘Home for a Home’ Ramadan campaign to provide further housing for the vulnerable refugee population at the Kakuma camp in the Kalobeyei settlement in northern Kenya. The social responsibility initiative will build a family home at the camp for each home that is sold during Ramadan at Masaar — Arada’s woodland community in ...
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NEW YORK / WAM Ares Management Corporation, a leading global alternative investment manager, and Mubadala Investment Company, a global sovereign investor, on Wednesday announced the formation of a joint venture (JV) to invest in global credit secondaries opportunities. The joint venture, anchored by Mubadala, will initially aim to deploy approximately $1 billion as it seeks to capitalise on the anticipated ...
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DUBAI / WAM Under the directives of Her Highness Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Chairperson of the Board of Trustees of UAE Food Bank, the UAE Food Bank has initiated a campaign to provide ...
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ABU DHABI / WAM Shareholders of Waha Capital has announced approving a cash dividend of 8 fils per share for the 2022 financial year at the company’s annual general meeting (AGM). At the AGM, shareholders also authorised the company to contribute up to 1% of its net profit for the financial year ended on December 31, 2022 towards CSR initiatives. ...
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ABU DHABI / WAM ADQ, an Abu Dhabi-based investment and holding company, announced the operational phase of its cutting-edge AgTech Park ecosystem with the launch of a vertical farming project in partnership with Zero, a high-impact technology company headquartered in Italy. The Zero project is the first of several controlled environment agricultural concepts that will be housed in the AgTech ...
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ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, met with members of the Abu Dhabi Youth Council’s 5th cycle (2021-2023). His Highness was accompanied by Saif Saeed Ghobash, Secretary-General of the Abu Dhabi Executive Council. During the meeting, HH Sheikh Khaled reviewed ...
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ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) has approved the distribution of 40% cash dividends (AED0.40 per share, implying total cash dividends of AED228 million) for the financial year ended on December 31, 2022, after concluding its Annual General Meeting (AGM) on Wednesday. Shareholders discussed and approved all items on the agenda for the AGM, including Adnic’s ...
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DUBAI / WAM Dubuy.com has welcomed the UAE’s Al Naboodah group onto its wholesale e-commerce platform to help accelerate its growth, by providing instant access to new markets via its online business-to-business marketplace. Al Naboodah group will partner with DP World’s innovative and trusted platform Dubuy.com to sell its diverse portfolio of brands. By providing end-to-end supply chain solutions, Dubuy.com ...
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DUBAI / GULF TIME HE Abdullah Bin Touq Al Marri, UAE Minister of Economy, witnessed the opening of the new Malabar Gold & Diamonds international hub in Dubai Gold Souk. MP Ahammed, Chairman of Malabar Group; and other directors, distinguished guests, officials, well-wishers, and management team members of Malabar Gold & Diamonds were present on the occasion. The group is ...
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DUBAI / GULF TIME Tanishq signs a memorandum of understanding (MoU) with Sharaf Group UAE on Wednesday. Through this strategic alliance, Tanishq aims to extend its highly focused value offering in gold and diamond jewellery and utilise Sharaf Group’s retail expertise to drive their already robust growth story in the GCC. The two entities will kickstart this collaboration with the ...
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