Business & Money | Monday 3 October, 2022 10:35 am

French vision AI company Alteia closes its latest funding round led by Wa’ed Ventures to accelerate the deployment of its software applications

Alteia, the European leader in vision AI and industrial software innovation, announces today that it closed its latest funding round led by Wa’ed Ventures, the venture capital arm of Saudi Aramco. Through this investment, Alteia will increase its presence in the Kingdom of Saudi Arabia...

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Business & Money | Sunday 2 October, 2022 3:03 pm

BIDAYA Home Finance secures SAR 245 million in long-term facilities from Saudi National Bank (SNB)

BIDAYA Home Finance announced that it has secured a new long-term structured facility with the Saudi National Bank (SNB). The new facility will be for a 15-year term to finance long-term mortgages originated by Bidaya. The new financing will significantly strengthen the company’s balance...

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Business & Money | Friday 30 September, 2022 3:12 pm

ADFD delegation visits Abu Dhabi Ship Building

A delegation from Abu Dhabi Fund for Development (ADFD) and its export-financing arm, the Abu Dhabi Exports Office (ADEX), visited Abu Dhabi Ship Building (ADSB), an entity within EDGE, one of the world’s leading advanced technology groups for defense and beyond. The delegates held discussions...

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Business & Money | Friday 30 September, 2022 3:06 pm

Nakheel launches luxurious beachfront residences Palm Beach Towers 3

Nakheel, the Dubai-based world-leading master developer, today announced the launch of a new selection of residences at Palm Beach Towers 3, offering residents the perfect blend of style and luxury. The launch of this third development at Palm Beach Towers follows strong demand for Palm Beach...

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Business & Money | Thursday 29 September, 2022 5:24 pm

ADDED and SAP Act on Abu Dhabi Industrial Strategy Objectives

Agreement activates work towards circular economy, Industry 4.0, talent development, and SME supportCommencement of global training programmes focused on technical, business, and behavioral skillsThe Abu Dhabi Department of Economic Development (ADDED) has activated an arrangement with the leading...

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Business & Money | Thursday 29 September, 2022 4:28 pm

amana offers easy access to Salik shares from Day 1

Newly launched amana trading app offers seamless access to the highly anticipated Salik shares with no minimum balance, no hidden fees amana, a leading online neo-broker in the MENA region, is the only investment and trading app to offer its customers easy access to the long-awaited Salik...

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Business & Money | Thursday 29 September, 2022 2:22 pm

Web3 is transforming the UAE’s real estate landscape, DAMAC Properties GM tells Dubai Metaverse Assembly

DAMAC Properties targets monthly online-only sales of $150m by mid-2023‘Digital twin’ properties and communities are adding value for investors and ownersD-Labs to establish DAMAC as global digital brand with up to $100m of investmentFully interactive virtual real estate and communities...

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Business & Money | Thursday 29 September, 2022 8:25 am

Ministry of Economy and Planning & SDAIA Sign an MoU to Harness the Use of Data and AI in Development Plans and Economic Policies

The Ministry of Economy and Planning today signed an MoU with the Saudi Data & AI Authority (SDAIA) to explore ways AI and data can strengthen policymaking and economic growth. The agreement was signed in Riyadh by His Excellency Faisal bin Fadhil Alibrahim, Minister of Economy...

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Business & Money | Wednesday 28 September, 2022 2:22 pm

Moro Hub Signs a Strategic Agreement with Riverbed to Deliver Advanced Unified Observability and Acceleration Solutions

The partnership aims to deliver actionable insights and digital performance acceleration, offering organizations a high-quality user experience when transitioning to cloud securely and seamlessly Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority...

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Business & Money | Tuesday 27 September, 2022 5:53 pm

Biggest Summit on Real Estate Management Industry is back from 6–9th December

On its return, IRECMS Dubai is not only primed for a record turnout but also set to host stalwarts from far and wide as it attempts to reinforce its standing as an industry event par excellence Organized by Plan3Media Event Management, IRECMS has announced a flagship Dubai event scheduled for...

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