Business & Money | Sunday 25 February, 2024 7:06 am

PIF to acquire stake in Binladin Group

The Public Investment Fund (PIF) intends to acquire a stake in Saudi Binladin Group (SBG), Bloomberg reported, citing sources with knowledge of the matter.   The fund is working with Morgan Stanley on the potential deal to buy into SBG.   The PIF is considering...

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Business & Money | Saturday 24 February, 2024 10:12 pm

UAE Ministry of Investment witnesses signing of largest-ever foreign direct investment agreement with Egypt

The Ministry of Investment of the UAE witnessed the signing of a landmark agreement between the Government of the Republic of Egypt and the Government of the UAE, represented by a private consortium led by ADQ, an Abu Dhabi-based sovereign investor. Under the agreement, which marks the largest ...

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Business & Money | Saturday 24 February, 2024 10:09 pm

Abdullah bin Zayed: UAE provides US$10 million grant to support WTO initiatives

H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has announced that the UAE will provide a US$10 million grant to support a number of key initiatives of the World Trade Organization (WTO), whose 13th Ministerial Conference is being hosted and chaired by the UAE in Abu Dhabi...

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Business & Money | Friday 23 February, 2024 4:52 am

KSA Real Estate Report by Deloitte reveals key market trends and growth projections in the Kingdom

The leading global professional services firm, Deloitte, has released its comprehensive Saudi Arabia Real Estate Report for the year 2023, providing valuable insights into the Kingdom’s property market growth and future prospects. The report highlights the impact of the positive economic...

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Business & Money | Friday 23 February, 2024 4:42 am

du collaborates with Huawei to achieve high-performance 800G network speeds

du, from Emirates Integrated Telecommunications Company (EITC), and Huawei have announced the successful completion of the world's first high-performance 800G in Super C+L band over OptiX OSN 9800 Kepler and M Platform. The new enhancement will further improve customer experience for using high...

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Business & Money | Friday 23 February, 2024 4:38 am

Epson placed on CDP A List for tackling climate change and protecting water security

Epson Corporation has been placed on the A list for its achievements in tackling climate change and water security by CDP, the international environmental organisation. CDP is an independent not-for-profit charity that runs the global environmental disclosure system. Each year, it encourages...

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Business & Money | Friday 23 February, 2024 4:34 am

SPORTS BOULEVARD SPONSORS THE WORLD’S MOST VALUABLE HORSE RACE, THE SAUDI CUP

The Sports Boulevard Foundation (SBF) has signed a partnership with the Jockey Club of Saudi Arabia (JCSA), making Sports Boulevard an official sponsor for the Sports Boulevard Riyadh Dirt Sprint race, one of the races held in the evening of the 2024 Saudi Cup, the world's most valuable horse...

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Business & Money | Friday 23 February, 2024 4:28 am

EDGE Group and Shipbuilding Giant Fincantieri Launch Multi-Billion Euro Joint Venture

EDGE, one of the world’s leading advanced technology and defence groups, and Fincantieri, one of the largest shipbuilding companies in the world, have entered into an agreement aimed at creating a joint venture (JV) to capitalise on global shipbuilding opportunities with a focus on the...

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Business & Money | Thursday 22 February, 2024 1:32 pm

in5 start-ups record 25% funding growth in 2023

TECOM Group's incubator “in5” has reported remarkable growth in 2023, with funding raised by start-ups since its inception increasing by 25 percent during the year. This represents a testament to Dubai’s entrepreneurial credentials and robust investor confidence in the city’s pro-business...

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Business & Money | Thursday 22 February, 2024 1:25 pm

Emirates Islamic holds its 48th General Assembly Meeting

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, held its forty-eighth General Assembly Meeting, on 21st February 2024.Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, and Vice Chairman and Managing Director of Emirates NBD, presented a comprehensive review of...

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