DUBAI / Emirates Business Emaar Properties PJSC has announced that its wholly-owned hospitality and leisure business subsidiary, Emaar Hospitality Group has signed definitive documentation with Abu Dhabi National Hotels (ADNH) to divest its entire economic interest in a portfolio of five hotels in Dubai. Both Emaar and ADNH announced that the transaction closing is subject to meeting various conditions and ...

Bloomberg Saudi Aramco will seek more acquisitions to speed its expansion in refining and petrochemicals as Saudi Arabia pushes ahead with plans to diversify its economy from reliance on sales of crude. The purchases will be in addition to Aramco’s planned purchase of government-controlled chemicals producer Saudi Basic Industries Corp, Aramco Chief Executive Officer Amin Nasser said on Tuesday in ...

Dubai / WAM Musicians representing about 190 nations have been brought together in the Dubai desert to perform an unprecedented rendition of the UAE national anthem, as part of Expo 2020 Dubai’s celebrations to mark the 47th UAE National Day and the Year of Zayed – honouring the country’s Founding Father, Sheikh Zayed bin Sultan Al Nahyan. The orchestral performance ...