Business & Money | Tuesday 19 March, 2024 2:54 pm

UAE investments abroad hit $2.5 trillion in beginning of 2024: Secretary-General UAEIIC

The United Arab Emirates has solidified its position as a leading regional and global player in foreign direct investment, according to Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC). He estimates the total value of Emirati investments abroad,...

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Business & Money | Tuesday 19 March, 2024 2:52 pm

Islamic banking assets in UAE surpass AED700 bn for first time ever at year-end 2023

The assets of Islamic banks operating in the UAE exceeded AED700 billion for the first time in history at the end of 2023, according to the latest statistics from the Central Bank of the UAE (CBUAE). The statistics showed that the assets of Islamic banks reached AED703.1 billion at the end of...

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Business & Money | Tuesday 19 March, 2024 1:40 pm

Alvarez & Marsal says Saudi banks' prospects 'positive' in light of Vision 2030

Asad Ahmed, General Manager and Head of Financial Services in the Middle East at Alvarez & Marsal, said that the banking sector in Saudi Arabia will likely contribute mainly to achieving the goals of Vision 2030, indicating that Saudi banks enjoy positive prospects.   Ahmed also...

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Business & Money | Tuesday 19 March, 2024 12:58 pm

The Ultimate Maintenance Manager Services in Saudi Arabia

In the hustle and bustle of daily life, homes and workplaces are not immune to the challenges posed by pests, plumbing, and malfunctioning air conditioners and other appliances. Ahead of an important event or in between a busy day, one may encounter a leaking tap or a broken air...

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Business & Money | Tuesday 19 March, 2024 11:52 am

Abu Dhabi Securities Exchange (ADX) partners with Eureeca to expand access to its IPOs for International Investors

Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, is collaborating with Eureeca, a global investment platform matching individual and institutional investors with growth and pre-IPO companies. This collaboration aims to bolster accessibility to ADX IPOs in a...

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Business & Money | Tuesday 19 March, 2024 10:45 am

Red Sea Global Selects ACES for Cutting-Edge Digital Connectivity

ACES, an international neutral digital infrastructure company, is thrilled to announce the signing of a cooperation agreement with Red Sea Global (RSG) for implementing state of the art IBS - 4G/5G neutral mobile infrastructure, marking a significant leap forward in the company's mission to...

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Business & Money | Tuesday 19 March, 2024 10:40 am

Almarai launches its investment strategy 2024-2028

Almarai Company announced its investment strategy for the next five years, 2024-2028, to strengthen its leading position as the largest vertically integrated dairy company in the world, and the largest in the production and distribution of food and beverages in the Middle East, and to consolidate...

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Business & Money | Monday 18 March, 2024 2:26 pm

EITC receives licenses from UAE Central Bank to offer fintech services

Emirates Integrated Telecommunications Company (EITC), today announced that it has received licenses from the Central Bank of the UAE to offer new digital financial services. This milestone positions EITC at the forefront of the evolving fintech landscape in the region and supports the UAE's...

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Business & Money | Monday 18 March, 2024 2:22 pm

Automechanika Riyadh 2024 records a 448% increase in exhibitor numbers

Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, will return to the Riyadh International Convention and Exhibition Center (RICEC) from 30 April to 2 May 2024. The exhibition’s most extensive edition to date will include a record number of exhibitors, with...

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Business & Money | Monday 18 March, 2024 2:21 pm

Azizi Developments announces sales milestones across Azizi Venice

Azizi Developments, a leading private developer in the UAE, has announced that 86% of building 3, 82% of building 4, 97% of building 8, and 75% of building 9, in its approximately AED 30 billion mixed-use development, Azizi Venice located in Dubai South, are now sold out. New and previously unseen...

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