Business & Money | Wednesday 13 November, 2024 12:13 pm

UAE continues to exhibit solid economic growth: OPEC

The Organisation of Petroleum Exporting Countries (OPEC) has said that the UAE continues to exhibit solid economic growth, particularly in the non-oil sector. In its November report released today, OPEC said the “UAE central government finances demonstrated continued strength in 2Q24, with...

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Business & Money | Wednesday 13 November, 2024 12:11 pm

Sharjah Chamber holds UAE- Kenya Trade and Investment Forum to strengthen trade ties

The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Exports Development Centre (SEDC), held the UAE- Kenya Trade and Investment Forum in Nairobi, Kenya on Monday, during the first stop of its trade mission to Kenya and Uganda.The forum focused on showcasing promising...

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Business & Money | Wednesday 13 November, 2024 12:07 pm

Delmon Industrial Complex to set up AED50m plant in KEZAD

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones and Saudi Arabia-based Delmon Industrial Complex have announced the signing of a 50-year land lease agreement for the establishment of their state-of-the-art plant in ICAD III...

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Business & Money | Wednesday 13 November, 2024 12:01 pm

Arabian Drilling, Aramco extend SAR 290M land rig contract

Arabian Drilling Co. (ADC) extended a long-term contract for one of its Saudi Aramco land rigs for SAR 290 million. The contract was extended for five years starting from the expiration of the current contract during the fourth quarter of 2024, the company said in a statement to...

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Business & Money | Wednesday 13 November, 2024 11:59 am

Mobily acquires 120 MHz frequency spectrum for SAR 2.5B

Etihad Etisalat Co. (Mobily) acquired on Nov. 11 a license to use 120 MHz frequency for 15 years, at a total value of SAR 2.48 billion. The license came after the telco recently participated in the frequency spectrum auction, held by the Communications, Space and Technology Commission (CST),...

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Business & Money | Wednesday 13 November, 2024 11:47 am

Tatweer and NHC Sign Agreement for Major Mixed-Use Project Worth SAR 1.5 Billion During Cityscape Global

 Tatweer has signed an (MOU) with NHC to collaborate on the development of a major mixed-use project. The MOU signing ceremony was attended by His Excellency Minister of Housing, Majid bin Abdullah Al-Hogail; Deputy Minister, Eng. Ihab bin Ghazi Al-Hoshani; CEO of NHC, Eng. Mohammed bin Saleh...

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Business & Money | Wednesday 13 November, 2024 11:43 am

du awarded prestigious ESG Label from Dubai Chamber of Commerce

du, the leading telecom and digital services provider, has been honoured with the Environmental, Social, and Governance (ESG) Label by the Dubai Chamber of Commerce in recognition of du’s commitment to integrating and leading sustainable business practices across the region. The ESG Label, from...

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Technology & IT | Wednesday 13 November, 2024 11:24 am

RIT Dubai team develops communication technology for verbally impaired patients

Solution uses brain signals and eye movements to articulate thoughts through an avatar  A graduation project developed by a team from Rochester Institute of Technology (RIT) of Dubai has delivered an innovative solution to help verbally impaired patients to communicate through an...

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Business & Money | Wednesday 13 November, 2024 11:13 am

AI at Work in the Middle East, High Confidence and Rapid Adoption Drive Regional Leadership

 The Middle East region is emerging as a global frontrunner in AI and GenAI adoption and confidence, according to Boston Consulting Group's (BCG) latest "AI at Work Friend and Foe" study. The survey reveals a significant shift in sentiments and usage patterns in the region over the past year,...

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Business & Money | Wednesday 13 November, 2024 10:45 am

DEWA reports highest top line results in history with a record first 9-month revenue of AED 23.5 billion and EBITDA of AED 11.8 billion

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its first 9 month consolidated financial results for 2024, recording...

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