Business & Money | Monday 19 February, 2024 9:10 am

DAFZ to showcase its services, competitive investment advantages at Gulfood 2024

Dubai Airport Free Zone (DAFZ), a member of the Dubai Integrated Economic Zones Authority (DIEZ), announced its participation in the 29th edition of Gulfood 2024, the largest event for food and beverage suppliers worldwide. The event is scheduled to take place from today 19th to 23rd February...

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Business & Money | Monday 19 February, 2024 9:08 am

Forward-looking vision of wise leadership reflected in UAE's non-oil foreign trade: Al Zeyoudi

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stressed that the forward-looking vision of the wise leadership to expand the network of trade and investment partners was significantly reflected in the UAE’s non-oil foreign trade of goods and services, which continued to...

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Business & Money | Monday 19 February, 2024 8:42 am

Open banking market seen to reach $43B in 2026: El-Kuwaiz

The open banking market expanded significantly over the past years and is expected to grow from $7 billion in 2018 to nearly $43 billion by 2026, said Mohammed El-Kuwaiz, Chairman of the Capital Market Authority (CMA) and Chairman of the Board of Trustees of the Financial...

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Business & Money | Monday 19 February, 2024 8:40 am

Al-Hogail witnesses signing of agreements, launch of real estate funds at SAR 3.5B

Minister of Municipal, Rural Affairs and Housing Majid Al-Hogail witnessed the signing of SAR 2.4 billion worth of memorandums of understanding (MoUs) and agreements, along with the launch of three real estate funds at over SAR 1 billion.   The agreements were signed...

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Business & Money | Monday 19 February, 2024 8:39 am

Bahri Lays Cornerstone for Logistics Center at Jeddah Islamic Port

In the presence of H.E. Eng. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics Services and Chairman of the Saudi Ports Authority, the National Shipping Company of Saudi Arabia (Bahri) today laid the cornerstone for the establishment of a logistics center at Jeddah Islamic Port. The...

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Business & Money | Monday 19 February, 2024 8:38 am

Rothschild opens new office in Riyadh’s KAFD

Rothschild & Co. opened today, Feb. 18, a new office in Riyadh-based King Abdullah Financial District (KAFD), as part of its strategic expansion in Saudi Arabia, boosting its Middle East presence.   The company said this reflects its commitment to Saudi Arabia's growth potential. ...

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Business & Money | Monday 19 February, 2024 8:37 am

Saudi Arabia advances on Road Quality Index to rank 4th among G20 nations

Saudi Arabia continued to advance on the Road Quality Index (RQI) to the level of 5.7, taking the fourth place globally among the G20 countries, the Saudi Press Agency (SPA) reported, citing the World Economic Forum (WEF) report for 2023.   The Roads General Authority (RGA) indicated ...

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Business & Money | Sunday 18 February, 2024 8:39 am

DEWA received 6,235 innovative ideas from its employees in 2023 on Afkari platform

Dubai Electricity and Water Authority (DEWA) received 6,235 innovative ideas in 2023 through the Afkari internal platform, designed to encourage employees to be innovative and creative. So far, 85 percent of the approved ideas have been implemented. This has contributed to supporting the...

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Business & Money | Sunday 18 February, 2024 8:28 am

Azizi Developments partners with Amerec for Riviera’s fourth phase

Azizi Developments, a leading private developer in the UAE, has partnered with Amerec, the prominent American international leader in the steam and sauna industry, for the supply, design, and installation of steam rooms across the fourth phase of Riviera, Azizi’s mega-project in MBR City.For...

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Business & Money | Sunday 18 February, 2024 8:16 am

Real Estate Registry seen to register 80% of real estate by 2028: CEO

Mohammad Al-Sulaiman, CEO of the National Real Estate Registration Services Co. (Real Estate Registry - RER), said 2024 will be a distinguished year for the real estate registry, Al Eqtisadiah newspaper reported.  He pointed out that 80% of the Kingdom's real estate will likely be...

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