Tourism & Hospitality | Sunday 23 June, 2024 9:56 am

UAE participates in BRICS Tourism Ministers' Meeting in Moscow

Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council, led the UAE delegation at the BRICS Tourism Ministers' Meeting in Moscow. The meeting was chaired by the Russian Federation, which holds the BRICS 2024 Chairmanship under the theme “Strengthening...

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Business & Money | Sunday 23 June, 2024 9:45 am

Edarat wins SAR 125.8M project from MIS

Edarat Communication and Information Technology Co. received on June 13 the award letter for a project worth SAR 125.77 million, including VAT, from Al Moammar Information Systems Company (MIS) (related party), to provide support services for Sahayeb project’s data center facilities. In a...

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Business & Money | Sunday 23 June, 2024 9:40 am

MESC Ras Al Khaimah inks SAR 225M supply contract

Middle East Specialized Cables Co.'s (MESC) UAE-based subsidiary MESC Ras Al Khaimah signed on June 19 a final contract with an Emirati joint venture (JV), comprising National Petroleum Construction Co. (NPCC) and Saipem S.p.A., for the supply of various products worth $60 million (SAR 225...

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Sports | Sunday 23 June, 2024 8:48 am

Mubadala Capital and SailGP Announce Acquisition of the League’s First-Ever South American Team

Mubadala Capital, the wholly owned asset management subsidiary of Mubadala Investment Company, and SailGP, the global racing championship, today announced a strategic investment to acquire a newly formed SailGP Team to represent Brazil. This will be the first South American squad to join the SailGP ...

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Business & Money | Saturday 22 June, 2024 6:10 am

CBUAE projects UAE’s real GDP growth to reach 6.2% in 2025

The Central Bank of the United Arab Emirates (CBUAE) expected the country's strong foreign trade performance to continue in 2024 and 2025, sustaining its projected growth for the UAE’s real GDP in 2024 at 3.9 percent, with expectations for it to further accelerate to 6.2 percent in 2025.In its...

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Business & Money | Saturday 22 June, 2024 6:07 am

DP World completes $400-million Callao Port expansion project

DP World has completed a major US$400 million expansion project at the Port of Callao in Peru, boosting container handling capacity at the South Terminal by 80 percent and solidifying Callao’s position as the key gateway for global trade on the west coast of South America. The Bicentennial...

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Business & Money | Saturday 22 June, 2024 6:06 am

Dubai Chamber of Commerce launches Mexican Business Council to boost bilateral trade, investment

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the establishment of the Mexican Business Council to boost bilateral trade and investment opportunities and strengthen the ties between the business communities in Dubai and...

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Business & Money | Saturday 22 June, 2024 6:00 am

UAE reaping fruits of visionary leadership's forward-looking approach: Al Zeyoudi

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE continues to reap the rewards of its visionary leadership's forward-looking approach through increased global trade and investment openness. “This is reflected in the record growth in foreign direct...

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Healthcare | Saturday 22 June, 2024 5:56 am

Private healthcare sector’s contribution surges 400% during Hajj season 2024

The Saudi private healthcare sector during the Hajj season 2024 witnessed a growth of more than 400% compared to a year earlier. This surge was driven by enhanced partnerships with the private sector, expansion of service scope, and enhancement of the healthcare quality, which...

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Business & Money | Saturday 22 June, 2024 5:54 am

Microsoft back as world's most valuable public company

Microsoft regained the title of the "world's most valuable public company" after Nvidia stock fell sharply on Thursday.   Computer chip maker Nvidia slipped 3.5% to $130.78, leaving the company valued at $3.2 trillion.   Meanwhile, Microsoft fell 0.15% to $445.70, but...

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