Daily Archives: September 20, 2023

Business & Investments

Yahsat increases interim cash dividend to AED 201 million (8.23 fils per share) for the first half of 2023

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Yahsat increases interim cash dividend to AED 201 million (8.23 fils per share) for the first half of 2023

On track to grow dividends by at least 2% to a total of AED 402 million [USD 109 million] for 2023, generating one of the highest
dividend yields of any UAE listed stock

Abu Dhabi, UAE, 20 September 2023: Al Yah Satellite Communications Company PJSC (“Yahsat” or “the Group”), the UAE’s flagship satellite solutions provider, listed on the Abu Dhabi Securities Exchange (“ADX”; under symbol: YAHSAT; ISIN: AEA007501017), announced today that it will pay an interim cash dividend of 8.23 fils [USD 2.24 cents] per share, equivalent to AED 201 million [USD 54.7 million] in total for the first half of 2023.

To be eligible for the dividend, investors must purchase shares no later than 27 September 2023 (the “Last Day to Participate”) or be shareholders of record as of 2nd of October 2023 (the “Record Date”). Interim dividends will subsequently be paid by 16th of October 2023 to all eligible shareholders (the “Payment Date”).

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Business & Investments

Future Food Forum 2023 opens by emphasising fostering self-reliance and agri-tech growth

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Future Food Forum 2023 opens by emphasising fostering self-reliance and agri-tech growth for enhanced food security in the Middle East

UAE F&B Business Group launched the UAE Food Platform to seamlessly integrate UAE food data into a single platform, and a unique Emiratization initiative – the ‘Ishraq Program’ cultivate local talent in the UAE’s F&B sector

Dubai, United Arab Emirates; 20 September 2023:

The Future Food Forum 2023, the Middle East’s largest annual gathering of industry leaders, opened, marking a significant milestone in regional food security, sustainability, innovation, and consumer wellbeing discussions.

His Excellency Abdulla Al Saleh, the Under Secretary of Foreign Trade and Industry at the UAE Ministry of Economy, inaugurated the event, which focuses on the theme of “Inspiring Sustainable Wellbeing,” bringing together F&B industry, government officials, and business leaders to emphasise the importance of fostering self-reliant food supplies and harnessing agri-tech for enhanced food security in the Middle East.

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Business & Investments

4th Saudi Maritime Congress Opens in Dammam with Influential Industry Support

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4th Saudi Maritime Congress Opens in Dammam with Influential Industry Support

Aligned with the goals set out in Saudi Vision 2030, the event is set to revolutionise the shipping and logistics sectors in the Kingdom and the GCC

Dammam_ Saudi Arabia_20th September 2023: Heldunder the patronage of the Ministry of Transport and Logistic Services, the 4th edition of Saudi Maritime Congress – the Kingdom’s largest and most important global maritime event – successfully opened its doors today at the Dhahran Expo in Dammam, Kingdom of Saudi Arabia. H.E. Omar Hariri, President, MAWANI and Eng. Ahmed Al Subaey, CEO, Bahri officially inaugurated the opening ceremony with  keynote addresses at the two-day event. The event is  supported by founding strategic partners, Bahri & Seatrade Maritime, with main partners, MAWANI & Transport General Authority (TGA), and strategic partners Saudi Aramco and IMI.

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Life Style & Leisure

Danube Home Unveils the Exciting My Garden Collection for 2024

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Danube Home Unveils the Exciting My Garden Collection for 2024

Sep 20, 2023

Danube Home, the region’s foremost home improvement and furniture retailer, proudly announces the launch of its highly anticipated Garden collection. The grand unveiling of the My Garden 2024 catalogue took place at the Al Barsha showroom in the presence of esteemed members of the press and top management from Danube Home.

Sayed Habib, Director of Danube Home, shared insights about this year’s theme, stating, “The theme of the Danube Home My Garden 2024 catalogue is ‘Think Outdoor, Think Danube Home.’ The collection comprises products that can create different outdoor aesthetics like Calm, Modern, Boho, Evergreen, Monochrome and Contemporary. The meticulously designed and curated products are suitable for various outdoor spaces, whether it’s a cozy apartment balcony or an expansive villa backyard. Our designs cater to diverse aesthetic preferences, ensuring that everyone can find something they love to design their dream garden under one roof.”

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Business & Investments

TETRA PAK MAKES FURTHER GLOBAL AND REGIONAL PROGRESS ON SUSTAINABILITY TRANSFORMATION

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TETRA PAK MAKES FURTHER GLOBAL AND REGIONAL PROGRESS ON SUSTAINABILITY TRANSFORMATION

Invested €30 million  to accelerate collection and recycling of beverage cartons

Reduced operational greenhouse gas (GHG) emissions by 39%

Building regional sustainability infrastructure through collaborations and partnerships

Riyadh, Saudi Arabia, [September 20th 2023]: Tetra Pak has published its Sustainability Report FY22[1], highlighting the company’s progress across various aspects of sustainability. Now in its 24th edition, the report demonstrates how sustainability remains core to Tetra Pak’s strategy and continues to be prioritised in decision making.

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