Business & Money | Wednesday 16 August, 2023 9:01 am

Sakani: Over 57,000 families moved to their 1st homes YTD

As many as 52,970 Saudi families benefited from the housing options and financing solutions provided by the Sakani Program since the start of 2023 till the end of July. More than 57,000 families received homes through the program year to date (YTD), according to a...

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Business & Money | Wednesday 16 August, 2023 8:39 am

The 1st Global Water, Energy and Climate Change Congress (GWECCC) is scheduled to be hosted by the Kingdom of Bahrain from 5-7 September 2023

H.E. Dr. Mohamed bin Mubarak Bin Daina Minister of Oil and Environment, Special Envoy for Climate Affairs, announced the launch of the first edition of GWECCC, which will be held under the patronage of HE Shaikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister, from 5-7 September 2023 at The...

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Business & Money | Wednesday 16 August, 2023 12:20 am

StartSmart Entrepreneurship Competition Concludes Semifinal Stage

Community Jameel Saudi, a member of the global network of the Abdul Latif Jameel World Education Lab (J-WEL) of the Massachusetts Institute of Technology (MIT), announced the conclusion of the semi-finals of the StartSmart Competition, after three months of intense training. The competition is...

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Business & Money | Wednesday 16 August, 2023 12:06 am

Al Dahra and ADEX Partner to Secure Egypt's Wheat Supply in US$ 500 million Agreement

Al Dahra, a global agribusiness leader based in Abu Dhabi, and Abu Dhabi Exports Office (ADEX) have partnered to supply wheat to Egypt in a 5 year deal starting 2023. The five-year agreement, worth $100 million per year, will provide Egypt with a steady supply of high-quality imported milling...

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Business & Money | Wednesday 16 August, 2023 12:04 am

noqodi expands collaboration with Network International to broaden its digital payments offering

noqodi, a leading fintech company has broadened its collaboration with Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, enabling the company to expand digital payments acceptance for a wider range of sectors beyond just...

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Business & Money | Wednesday 16 August, 2023 12:02 am

New industrial licences surge 16.6% in first year after Abu Dhabi Industrial Strategy launch

: Launched by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council in June 2022, the Abu Dhabi Industrial Strategy (ADIS) has accelerated the transformation of the emirate’s manufacturing sector,...

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Business & Money | Tuesday 15 August, 2023 1:48 pm

Justice Ministry: Saudi Arabia sees 48,300 mortgaged properties in 1444H

Saudi Ministry of Justice indicated that the number of the mortgaged properties reached nearly 48,320, or 140 new additions per day, during the last Hijri year, El Eqtisadiah newspaper reported.   Riyadh Justice Department accounted for the largest share of the mortgaged properties...

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Business & Money | Tuesday 15 August, 2023 12:06 pm

Emirates Islamic wins award for ‘Best Islamic Real Estate Deal’ at the Euromoney Islamic Finance Awards 2023

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that it has received the ‘Best Islamic Real Estate Deal’ award at the prestigious Euromoney Islamic Finance Awards 2023 for leading the Abdulwahed Ahmad Rashed Bin Shabib financing deal. The...

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Business & Money | Tuesday 15 August, 2023 12:00 pm

AD Ports Group delivers 66% revenue growth in Q2'23

AD Ports Group today announced its financial results for the second quarter of 2023 (Q2'23), reporting revenue growth of 66 percent year-on-year (YoY) to AED 2.1 billion, driven by volume growth in key sectors, business diversification as well as local, regional, and international expansion both...

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Business & Money | Tuesday 15 August, 2023 11:58 am

National banks’ financing for business, industrial sectors totalled AED28.4 billion over 5 months

According to the latest statistics from the Central Bank of the UAE, the country’s national banks increased their credit facilities for the business and industrial sectors by around AED28.4 billion in the first five months of this year. The statistics also showed that the two sectors...

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