Latest Threads on News from companies

Sukoon Insurance PJSC has issued a notification to Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market, regarding a resolution to be passed by the company's Board of Directors on October 6, 2025, at 10:00 am. The resolution involves updating the trade license of Sukoon Insurance and its subsidiaries to reflect the appointment of Hammad Raza Khan as the new Acting CEO, replacing the former CEO, Jean-Louis Laurent Josi. The notification is also copied to Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi, UAE.

Dubai Investments announced that DIP Angola, Angola's first fully integrated economic zone developed by the company, has signed its first tenant, Trice Chemicals IND. LLC. The UAE-based manufacturer will set up a manufacturing facility in DIP Angola's industrial and logistics hub, marking a significant milestone for the project. Located in Bengo Province, DIP Angola spans 2,000 hectares and includes industrial, commercial, residential, and recreational zones. Omar Al Mesmar of Dubai Investments highlighted the project's progress and its appeal to investors. The development is expected to boost regional manufacturing, create jobs, and enhance Angola's industrial sector. Trice Chemicals' Managing Partner, Prathyush Pradeep, expressed enthusiasm about the facility's potential to enhance regional operations. Strategically located near Luanda, DIP Angola offers connectivity to major transport routes and is anticipated to generate over 3,000 jobs in Phase 1, supporting Angola's industrial growth strategy.