Business & Money | Thursday 2 November, 2023 10:03 am

ACWA Power reports an increase in net profits for the third quarter and nine months 2023

ACWA Power Company, a publicly-listed company on the Saudi Arabian Tadawul stock exchange (ACWA Power: 2082), today announced financial results for the three and nine-month periods ending 30 September 2023.  The Company recorded SAR 814 million operating income—before impairment,...

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Business & Money | Thursday 2 November, 2023 9:51 am

Ahmed bin Mohammed attends inauguration of Dubai Business Forum

His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, attended the inauguration of the Dubai Business Forum, organised by Dubai Chambers at Madinat Jumeirah on 1st and 2nd November, under the theme 'Transforming Economic Power: Dubai and the Future of Global...

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Business & Money | Thursday 2 November, 2023 9:48 am

Dubai Business Forum highlights key roles of SMEs in accelerating economic growth

The first day sessions of the Dubai Business Forum, a transformative global event powered by Dubai Chambers, highlighted the key role of small and medium-sized enterprises (SMEs) in accelerating economic growth, as well as Dubai’s growing appeal in attracting foreign direct investments.Addressing ...

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Business & Money | Thursday 2 November, 2023 9:45 am

DIEZ launches AED500 million venture capital fund to finance technology startups

Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the Dubai Integrated Economic Zones Authority (DIEZ), today announced the launch of a venture capital (VC) fund worth AED500 million.Launched in the presence of H.H. Sheikh...

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Business & Money | Thursday 2 November, 2023 9:31 am

MENA’s growing education sector boosts stationery industry, says study

The rising number of schools and universities in the Middle East and Africa has stimulated growth in the stationery market, according to a study conducted recently by 6WResearch. This upward industry trend is likely to be a significant topic of discussion at Paperworld Middle East which takes place ...

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Business & Money | Thursday 2 November, 2023 9:28 am

Fed holds rates for 2nd consecutive time

The Federal Reserve left today, Nov. 1, kept interest rates unchanged at their highest level since 22 years, as widely expected for the second straight time.     In its two-day meeting, the Federal Open Market Committee (FOMC) maintained policy rates at the...

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Business & Money | Thursday 2 November, 2023 9:19 am

Karma Developers Launches AED 300 Million Luxury Residential Project in DIP

Karma Developers unveiled their new luxury residential project, Olivia Residences, at a gala event held at Caesars Palace Dubai for an elite gathering of VIPs, investors, and media personnel. The only residential community adjacent to Green Community in DIP-1, the tower will feature 229 one-,...

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Business & Money | Thursday 2 November, 2023 9:12 am

Over 100,000 ride-hailing Captains in Saudi Arabia take advantage of Careem’s 1-minute instant payout feature

Careem, the leading multi-service app in the region, records over 100,000 Captains in Saudi Arabia using its 1-minute instant payout feature since its launch in 2022. Since the launch last year, 96% of Captains have opted for the instant payout feature. This has resulted in nearly 1.5 million...

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Business & Money | Wednesday 1 November, 2023 3:22 pm

AACO's 56th Annual General Meeting Concludes with Signing Agreements with SITA in Digital Transformation and Sustainability

The 56th Annual General Meeting of the Arab Air Carriers' Organization, hosted by Saudia for over two days, has concluded its proceedings. The agenda encompassed various topics aimed at supporting and advancing initiatives and distinctive projects to enhance the aviation sector within the region....

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Business & Money | Wednesday 1 November, 2023 3:14 pm

Global Health Exhibition Ends with SR13.3 Billion Investments

The three-day Global Health Exhibition, hosted by the Saudi Ministry of Health, drew to a successful close with whopping 138 agreements, channeling investments of more than SR13.3 billion. The expo saw an impressive turnout, with over 111K attendees. A key session was held where leading...

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