Business & Money | Thursday 26 October, 2023 9:13 am

ADDED & JOCIC team up to enhance competitiveness, attract investments to industrial sector in Abu Dhabi

The Abu Dhabi Department of Economic Development (ADDED) and Jiangsu Overseas Cooperation and Investment Corporation (JOCIC) have signed a memorandum of understanding (MoU) to maxmise synergies of Abu Dhabi Industrial Strategy (ADIS) and China’s Belt and Road Initiative and guide...

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Business & Money | Thursday 26 October, 2023 9:08 am

LanzaTech Forms Joint Venture with Olayan Financing Company to Deploy Carbon Recycling Technology in Saudi Arabia

LanzaTech Global, Inc. (NASDAQ: LNZA), the carbon recycling company transforming waste carbon into sustainable raw materials, and Olayan Financing Company (OFC), the parent company of The Olayan Group’s businesses and investments in Saudi Arabia and the Middle East,  have ...

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Business & Money | Thursday 26 October, 2023 9:06 am

AHS Properties Sells $50 Million One Canal Penthouse in Dubai Water Canal

In a move representing the pinnacle of luxury real estate, AHS  Properties has marked an industry milestone with the sale of an iconic penthouse in One Canal for an unprecedented $50 million. The ultra-luxury residential building along the Dubai Canal was sold to the family office of a...

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Business & Money | Thursday 26 October, 2023 8:50 am

Saudi Arabia sets January 2024 as deadline to move regional HQ to Riyadh: Al-Jadaan

Saudi Arabia will set the deadline for international companies to move their regional headquarters (HQ) to Riyadh by January 2024, otherwise they will lose their agreements with the government, Reuters reported, citing Minister of Finance Mohammed Al-Jadaan.   Further, a tax...

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Business & Money | Thursday 26 October, 2023 12:43 am

Fujairah Research Centre and Fujairah Environment Authority Foster Alliances with Academic and Beekeeping Entities

In a landmark moment during the Fujairah International Conference on Bee Research which concluded recently, Fujairah Research Centre (FRC) and Fujairah Environment Authority (FEA) proudly announced the signing of three Memorandums of Understanding (MoUs) with esteemed partners: The University...

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Business & Money | Wednesday 25 October, 2023 9:27 am

NEOM Investment Fund Invests USD 100M in Pony.ai to Activate Autonomous Vehicles in NEOM and Across the Middle East

NEOM, the smart and sustainable regional development in northwest Saudi Arabia, announces an investment of USD 100 million, through the NEOM Investment Fund (NIF), into Pony.ai, a leading global autonomous driving company. Additionally, a joint venture will be established for autonomous technology...

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Business & Money | Wednesday 25 October, 2023 9:15 am

Trailblazing app VeriEstate helps buyers find faults before purchasing properties

VeriEstate, a Dubai-headquartered app-based property inspection company, is adding a new dimension to real estate transactions by providing prospective buyers and renters with accurate, unbiased, and comprehensive insights on the quality of the properties. The innovative platform helps uncover...

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Business & Money | Wednesday 25 October, 2023 9:12 am

NEOM Invests in REGENT Series A to Expedite Electric Seaglider Development

NEOM, the smart and sustainable regional development in northwest Saudi Arabia, announced today it, through the NEOM Investment Fund (NIF), has closed an investment into REGENT, the US-based electric seaglider manufacturer. The investment positions NEOM as the largest single contributor in...

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Business & Money | Wednesday 25 October, 2023 9:04 am

DEWA approves AED 3.1bn in dividends for H1 2023

Dubai Electricity and Water Authority PJSC (DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), reported that it will pay its shareholders a dividend of AED 3.1 billion or 6.2 fils per share for the first half of...

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Business & Money | Wednesday 25 October, 2023 8:43 am

Empretec Highlights Kingdom's role in Shaping Global Entrepreneurship

The highly anticipated EMPRETEC Forum was held in Riyadh, under the esteemed patronage of His Excellency the Minister of Human Resources and Social Development, Eng. Ahmed Al-Rajhi. The event was organized by the Social Development Bank (SDB) and saw the presence of distinguished individuals,...

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