Bloomberg Saudi Aramco began executing the acquisition of a 70% stake in Saudi Basic Industries Corp. through block trades worth 259 billion riyals ($69 billion) on Sunday. A total of 2.1 billion Sabic shares changed hands on the Saudi exchange in four transactions as the oil company moves ahead with the purchase from the kingdom’s Public Investment Fund (PIF). Aramco ...

Dubai / WAM Dubai Airport Freezone Authority (Dafza), has signed a Memorandum of Understanding (MoU) with the Arab-Brazilian Chamber of Commerce (CCAB) to on board the Chamber as a Halal Trade and Marketing Centre (HTMC) service partner, during a webinar held by CCAB. The MoU signing ceremony was attended by Ms Amna Lootah, Dafza’s Assistant Director-General, and Rubens Hannun, CCAB ...

Abu Dhabi / WAM The temporary committee to handle impacts of Covid-19 held its fourth virtual meeting, chaired by Sultan bin Saeed Al Mansouri, Minister of Economy, to discuss national efforts to support economy and the best ways of limiting the effects of the pandemic on business sector. Al Mansouri highlighted importance of national efforts and role of committee in ...