Business & Money | Thursday 28 November, 2024 4:44 pm

RIBA strengthens Gulf presence and partnerships

As part of its work to promote architectural excellence and grow its global membership, the Royal Institute of British Architects (RIBA) has been taking steps to strengthen its presence and strategic partnerships in the Gulf. This work coincides with the 15th anniversary of the RIBA Gulf...

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Business & Money | Friday 6 December, 2024 4:51 pm

Hub71 startups secure AED7 billion in funding

Startups within Hub71, Abu Dhabi's global tech ecosystem, have secured over AED7 billion in funding, achieving revenues exceeding AED4 billion, according to Ahmad Ali Alwan, CEO of Hub71. Speaking to the Emirates News Agency (WAM) on the sidelines of Abu Dhabi Business Week, which concluded...

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Business & Money | Friday 6 December, 2024 4:49 pm

Abu Dhabi enhances industrial emergency response

The Abu Dhabi Investment Office (ADIO) has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Civil Defence Authority (ADCDA) and Ambipar, a leading industrial services and environmental solutions company, to explore opportunities to enhance emergency response capabilities and industrial ...

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Business & Money | Friday 6 December, 2024 4:46 pm

Abu Dhabi Business Week highlights emirate's investment appeal

Officials at the first edition of Abu Dhabi Business Week 2024 highlighted the emirate’s prominent role in attracting investors worldwide and enhancing their presence across various sectors through comprehensive services and programmes that solidify Abu Dhabi’s economic appeal. In remarks...

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Business & Money | Friday 6 December, 2024 4:45 pm

Abu Dhabi Chamber launches Roadmap 2025-2027 to support private sector growth, enhance economic diversification

Abu Dhabi Chamber of Commerce and Industry (ADCCI) has revealed its Roadmap 2025-2027 to empower a prosperous, flexible, and diversified business ecosystem that fosters innovation and entrepreneurship in Abu Dhabi. Launched at the Abu Dhabi Business Week 2024 (ADBW 2024) event, the roadmap...

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Business & Money | Friday 6 December, 2024 4:42 pm

AD Ports Group consolidates digital capabilities into Maqta Technologies Group

AD Ports Group today announced the rebranding and change of Maqta Gateway’s corporate identity to Maqta Technologies Group, aligned with its strategic focus of facilitating global trade through digitalisation. This launch signifies Maqta Gateway’s evolution into an organisation focused on...

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Business & Money | Friday 6 December, 2024 4:40 pm

PIF, Bpifrance sign $10B MoU

The Public Investment Fund (PIF) and Bpifrance Assurance Export, represented by the French Treasury office in Riyadh, signed today, Dec. 5, a memorandum of understanding (MoU) to enhance bilateral partnership and cooperation. The agreement encompasses financing support services valued at up to ...

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Business & Money | Friday 6 December, 2024 4:37 pm

WAJA renews SAR 20M bank facilities with BSF

WAJA Co. signed an agreement to renew Shariah-compliant credit facilities worth SAR 20 million with Banque Saudi Fransi (BSF). In a statement to Tadawul, the company said it will finance Islamic letters of credit, various Shariah-compliant bank guarantees, and Tawarruq. The facilities...

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Business & Money | Friday 6 December, 2024 4:23 pm

Lana wins SAR 9.9M project from Health Ministry

Lana Medical Co. was awarded a project by the Ministry of Health to collect and store hazardous healthcare waste at King Fahad Specialist Hospital in Dammam, at a value of SAR 9.85 million. In a statement to Tadawul, the company said that the expected date for signing the contract is Jan. 1,...

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Business & Money | Friday 6 December, 2024 4:13 pm

Saudi Arabia aims to become global mineral production hub: Almudaifer

Khalid Almudaifer, Vice Minister for Mining Affairs, said local demand for minerals in Saudi Arabia is witnessing a significant increase due to various factors, including mega-projects under Vision 2030. This is in addition to the initiatives outlined in the National Industrial Strategy, which ...

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Business & Money | Friday 6 December, 2024 4:08 pm

du and AIHostingHub announce the launch of first NVIDIA supercluster in the GCC

du, the leading telecom and digital services provider, in partnership with AIHostingHub “AIH Hub for Cloud Service & Datacentres Providers”, announced the successful deployment of the first-ever NVIDIA supercluster within the GCC. Located in Dubai Silicon Oasis (DSO), the project marks a...

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