Category Archives: Business & Investments

الاكتتاب على الطرح الأول لصكوك بن غاطي القابضة200 % يتجاوز

الاكتتاب على الطرح الأول لصكوك بن غاطي القابضة يتجاوز % 200

دبي، الإمارات العربية المتحدة – 26 فبراير 2024: أعلنت بن غاطي للتطوير، الشركة الرائدة في مجال العقارات في دبي وإحدى شركات التطوير العقاري الأكثر حيوية وشعبية في الإمارات العربية المتحدة، عن إطلاق أول صكوك لها بالدولار الأمريكي وبقيمة 300 مليون دولار أمريكي، ليتم استحقاقها خلال ثلاث سنوات، في خطوةٍ تفتتح فصلاً جديداً في مسيرة بن غاطي الاقتصادية المزدهرة. وسجلت الصكوك أسعاراً منافسة بلغت 9.625%، مع فرقٍ بالأسعار لم يتجاوز 30 نقطة أساس، مما يؤكد قوة الطلب وارتفاع ثقة المستثمرين بالشركة. 

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New Bicycle Brands Enter the UAE Market Revolutionizing Cycling Culture

New Bicycle Brands Enter the UAE Market Revolutionizing Cycling Culture

Dubai, UAE, 26 February 2024: – The multi-brand bicycle boutique Wowbikes and Electra Bicycle Company (Electra brand belongs to the TREK) bring new perspectives to the development of cycling culture in the UAE by introducing to the market premium European and American brands that were not previously available in the country.

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This development is set to redefine the cycling landscape, emphasizing a shift towards electric bicycles for leisure and fitness, with a spotlight on brands like Schindelhauer, RUFF, Benno, and Vello. These manufacturers aim to cater to the diverse needs of cyclists, offering a unique blend of comfort, style, and innovation. Furthermore, through the efforts of Wowbikes and the Electra Bicycle Company, the UAE market now boasts access to premium cycling accessories from distinguished brands such as Brooks and Ulac.

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BRICS Chamber of Commerce and Industry (BRICS CCI) launches UAE Chapter

BRICS Chamber of Commerce and Industry (BRICS CCI) launches UAE Chapter

Dubai, UAE – February26, 2024 –The BRICS Chamber of Commerce and Industry (BRICS CCI), a not-for-profit organization, recognized by the United Nations that promotes commerce and industry in the BRICS and other friendly nations has officially launched its UAE Chapter office. UAE, Saudi Arabia, Egypt, Iran and Ethiopia joined BRICS on January 1, 2024, doubling its membership to 10, with Brazil, Russia, India, China and South Africa the original members.

The launch of the UAE chapter office holds significant importance as the United Arab Emirates aligns itself with the BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa. This marks a pivotal moment in the region’s economic trajectory, paving the way for unparalleled collaboration and growth opportunities across various sectors.

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Bashneft replaced its oil and gas reserves by 135% in 2023

Bashneft replaced its oil and gas reserves by 135% in 2023
  • Over the past 5 years, Bashneft has discovered 7 oil fields and 298 new oil deposits found at the fields that are under development.
  • Bashneft’s geologists discovered 32 new accumulations of oil at its fields that are currently under development.

Dubai, February 26, 2024: 2023 saw Bashneft, a subsidiary of Rosneft, add 24.4 million tons (o.e.)of hydrocarbonsto its reserves thanks to its highly effective exploration operations, achieving a reserve replacement ratio of 135%.Bashneft has been successful in achieving full replacement of the liquid hydrocarbons it extracts each year by means of upping its reserves. In doing so, the company has been making a strong contribution to ensuring the fuel security of the Republic of Bashkortostan and Russia, while also helping extend the life cycle of Bashkortostan’s mature fields.

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MUST-DO ACTIVITIES AT THE HATTA FARMING FESTIVAL ANNOUNCED

MUST-DO ACTIVITIES AT THE HATTA FARMING FESTIVAL ANNOUNCED

Discover nature-themed workshops, environmental sessions for kids, and delicious food from local vendors

Dubai, United Arab Emirates, 24 February 2024: An exciting lineup of events and activities is on offer at the first ever Hatta Farming Festival, happening until Tuesday 27 February at Hatta Hall. Initiated by the Supreme Committee to Oversee the Development of Hatta, and hosted by Dubai Festivals and Retail Establishment (DFRE) in cooperation with the Dubai Municipality, the Dubai Roads and Transport Authority (RTA), and the Hatta Traders Council, the festival offers something for visitors of all ages. Whether they are seasoned farmers or those curious about where their food comes from, everyone is welcome to join in the farming fun.

From interactive agricultural experiences to local culinary flavours, here are seven reasons not to miss this landmark celebration of rural life.

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