Business & Money | Friday 7 February, 2025 12:14 pm

KAEC's Industrial Valley hosts 12 carmakers, auto service providers: CEO

Majid Matbouly, CEO of the Industrial Valley and Special Economic Zone at King Abdullah Economic City (KAEC), said the Industrial Valley hosts six factories for car manufacturing and assembly, along with six companies offering automotive logistics, Al Eqtisadiah newspaper...

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Business & Money | Thursday 6 February, 2025 10:41 am

UAE, Argentina explore new investment opportunities

The Ministry of Economy, in collaboration with the Abu Dhabi Chamber of Commerce and Industry, has hosted a high-level UAE-Argentina economic seminar in Abu Dhabi, bringing together senior government officials and business leaders from both nations to explore new trade and investment...

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Business & Money | Thursday 6 February, 2025 10:37 am

ADNEC Group announces sponsorship agreement with Calidus for IDEX, NAVDEX 2025

ADNEC Group has signed an agreement with Calidus, an Emirati company specialising in advanced defence design and manufacturing, to become the main sponsor of the International Defence Conference & Exhibition (IDEX) and Naval Defence & Maritime Security Exhibition (NAVDEX) 2025. The...

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Business & Money | Thursday 6 February, 2025 10:34 am

CBUAE, Economic Security Centre of Dubai sign MoU to enhance partnership in combating financial crime

The Central Bank of the UAE (CBUAE) and the Economic Security Centre of Dubai today signed a Memorandum of Understanding (MoU) to strengthen cooperation and information sharing in combating financial crime. This aims to achieve the strategic objectives of both parties, bolster confidence in...

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Business & Money | Thursday 6 February, 2025 10:30 am

40% increase in AI specialists in UAE since 2022: BCG Global

Dr. Akram Awad, Managing Director & Partner with the Boston Consulting Group (BCG),said that the number of AI specialists in the UAE has increased by approximately 40% since 2022. "This growth is exceptional compared to other countries competing in this sector, especially given the global...

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Business & Money | Thursday 6 February, 2025 10:25 am

Minister of Energy and Infrastructure explores cooperation with Bahrain’s Minister of Works

Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, held a meeting with Ebrahim bin Hasan Al Hawaj, Bahrain's Minister of Works, where they explored ways to boost cooperation between the two countries in infrastructure, transport, and climate action. During the meeting, held at...

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Business & Money | Thursday 6 February, 2025 10:21 am

ACRES marks its largest edition with record-breaking AED4.3 billion deals

The Sharjah Real Estate Exhibition (ACRES) has successfully reinforced its position as one of the most prominent real estate events in the UAE and the region, marking a significant milestone with substantial property deals for projects on display.Organised by the Sharjah Chamber of Commerce and...

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Business & Money | Thursday 6 February, 2025 10:19 am

DEWA, ABB Smart Power Division strengthen partnership for smart energy innovation

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), welcomed Massimiliano Cifalitti, President of ABB’s Smart Power Division, during a meeting at DEWA’s headquarters. The visit marks a significant step in strengthening cooperation between DEWA and ABB to...

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Business & Money | Thursday 6 February, 2025 10:14 am

ROSHN signs SAR 2B credit facility deal with SNB

ROSHN Group, wholly owned by the Public Investment Fund (PIF), signed a SAR 2 billion Shariah-compliant credit facility agreement with Saudi Narional Bank (SNB). According to ROSHN’s statement, as reported by the Saudi Press Agency (SPA), the seven-year agreement aims to finance the...

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Business & Money | Thursday 6 February, 2025 9:56 am

Al Akaria sells 2 land lots in Madinah, Riyadh for SAR 85.6M

Saudi Real Estate Co. (Al Akaria) announced the sale of two land plots in Madinah and Riyadh for SAR 85.64 million, excluding real estate transaction tax and brokerage fees. In a statement to Tadawul, the company said that Madinah’s land in Al AlHarra Al Sharqiyah District, with a total ...

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