Category Archives: Business & Investments

Business & Investments

UNCTAD World Investment Forum to incentivize global investment in sustainable development

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World Investment Forum to incentivize global investment in sustainable development

Abu Dhabi, United Arab Emirates, 21 September 2023:Recognizing sustainability as the defining challenge of our time, the upcoming UNCTAD World Investment Forum (WIF), to be held from 16 to 20 October 2023 in the UAE’s capital Abu Dhabi, will serve as the perfect opportunityto facilitatethe transition to a more sustainable economy, particularly for developing countries.

The 8thedition of the Forum, to be anchored on the overall theme of “Investing in Sustainable Development,”will bring together heads of state and ministers,CEOs of largest global companies, and other investment stakeholders from various countries toformulate policies and strategies that will address key and emerging investment-development challenges through a series of local and international forums and conferences.

Over 7,000 investment stakeholders from 160 countries will be participating in the 8th edition of WIF at the Abu Dhabi National Exhibition Centre (ADNEC).

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Business & Investments

SolarWinds Continues Ongoing Business Evolution

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SolarWinds Continues Ongoing Business Evolution With New and Upgraded Service Management and Database Observability Solutions

Launch of SolarWinds Enterprise Service Management and Upgraded SQL Sentry to Accelerate Customer Digital Transformation and Innovation

Dubai, United Arab Emirates—September 21, 2023—SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, has announced the launch of new service management and database observability solutions designed to help companies achieve operational excellence, better business outcomes and accelerated innovation across the enterprise.

The new Enterprise Service Management  (ESM) and upgraded SQL Sentry® solutions are part of the company’s ongoing transformative strategy to uniquely unify observability and service management. As a leader in enterprise software for nearly 25 years, SolarWinds provides customers with the tools they need to get maximum value from their digital innovation efforts and increase productivity within complex IT environments. With a broad customer base across IT ops, DevOps, SecOps, AIOps, and CloudOps teams, SolarWinds has built on this success with transformative efforts to evolve its business, expand its product portfolio of industry-leading, AI-enabled solutions, and enhance its go-to-market strategy.

Sudhakar Ramakrishna, SolarWinds President and CEO.

“As the challenges our customers face evolve, we are committed to evolving our solutions and business alongside them to ensure we consistently meet their needs,” said Sudhakar Ramakrishna, SolarWinds President and CEO. “At SolarWinds, we have a simple but basic strategy for success: listening to, and learning from, our customers. Our foremost priority is helping our customers stay innovative, competitive, and productive. By giving them precisely the tools they need for today’s most pressing challenges and keeping pace as they—and the industry—transform, we’ve been able to grow, mature, and advance our own business.”

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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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