Business & Money | Friday 11 August, 2023 12:07 am

Schneider Electric Appoints Ahmed Fateen to Drive Channel Growth Across UAE, Oman, and Bahrain’s Energy Landscape

Schneider Electric, the leader in the digital transformation of energy management and automation, has appointed Ahmed Fateen as the Channel Commercial Vice President serving the UAE, Oman and Bahrain markets. Fateen will be responsible for driving business growth across the three Gulf markets,...

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Business & Money | Thursday 10 August, 2023 12:27 pm

PIF Announces Establishment of the Saudi Facility Management Company “FMTECH”

The Public Investment Fund (PIF) today announced the establishment of the Saudi Facility Management Company (“FMTECH” or the “Company”). The company will offer a comprehensive range of services, including utilities management, energy management, waste management, maintenance,...

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Business & Money | Thursday 10 August, 2023 10:40 am

ACWA Power reports robust results for the first half of 2023

ACWA Power Company, a publicly listed company on the Saudi Arabian Tadawul stock exchange (ACWA Power: 2082), today announced financial results for the six-month period ending 30 June 2023.  Supported by higher operating income, the Company’s net profit—attributable to equity...

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Business & Money | Thursday 10 August, 2023 9:14 am

REDTAG announces fun-filled Back-to-School extravaganza on 10th, 11th August in Saudi

REDTAG, the Middle East’s leading value-fashion and homeware brand, has announced a fun-filled extravaganza in its stores on the 10th and 11th of August in Saudi to celebrate and embrace going back to school for the new academic year. The free-entry event includes magic shows, face painting for...

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Business & Money | Thursday 10 August, 2023 9:12 am

Aramex reports resilient performance in H1 2023, despite challenging market conditions

Aramex (DFM: ARMX) a leading global provider of comprehensive logistics and transportation solutions, announced its financial results for the second quarter (Q2) and first half (H1) ending 30th June 2023. Demonstrating resilience and remaining profitable in the face of weak market conditions...

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Business & Money | Thursday 10 August, 2023 9:03 am

Dubai Taxi sector posts record 10% growth rate in trips for H1 2023

The taxi sector in Dubai has experienced substantial growth rate of 10 percent during the first half of 2023 (H1 2023) in comparison to the same period last year, making this achievement the highest in the history of the emirate.Adel Shakri, Director of Planning and Business Development at RTA’s...

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Business & Money | Thursday 10 August, 2023 8:59 am

MIS renews, amends SAR 270 mln facility agreement with SAB

Al Moammar Information Systems Co. (MIS) announced the renewal and amendment of a Sharia-compliant credit facilities agreement with Saudi Awwal Bank (SAB) with a financing value of SAR 269.96 million, according to a Tadawul filing.The financing period extends until Dec. 31, 2023, as the agreement...

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Business & Money | Thursday 10 August, 2023 1:57 am

du's non-environmental sustainability initiatives and volunteering activities continue to make a positive impact

du, from Emirates Integrated Telecommunication Company (EITC), has been recognized by the Government of the UAE with the CSR Majra Award, showcasing its outstanding Corporate Social Responsibility (CSR) initiatives in 2022. It highlights du's dedication to non-environmental sustainability practices ...

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Business & Money | Wednesday 9 August, 2023 3:19 pm

DIFC issues first-of-its-kind adequacy decision regarding the California Consumer Privacy Act

The Commissioner of Data Protection of the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has issued a first of its kind adequacy decision regarding the California Consumer Privacy Act of ...

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Business & Money | Wednesday 9 August, 2023 12:00 pm

Saeed Al Maktoum: Wooden dhows’ Traders Contribute to Enhancing Dubai's Position on the World Trade Map

The Ports, Customs, and Free Zone Corporation honored the dhow master Mustafa Ibrahim, the oldest PCFC customer, in the field of wooden dhow trade, for his significant contribution to enhancing trade through wooden dhows during the past 60 years in import and export operations to and from...

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