Business & Money | Tuesday 20 May, 2025 7:43 am

Emirates Development Bank launches AED1 bn Emirates Growth Fund to accelerate growth of UAE-based SMEs

Emirates Development Bank (EDB) today announced the launch of the Emirates Growth Fund (EGF), a transformative AED 1 billion growth equity platform designed to accelerate the scale, resilience, and global competitiveness of UAE-based SMEs. Officially unveiled at the fourth edition of Make it...

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Business & Money | Tuesday 20 May, 2025 7:41 am

PureHealth’s Local Procurement Spend Reaches AED 2.25 Billion, Advancing UAE National In-Country Value Program

As the 2025 edition of Make it in the Emirates gets underway today, PureHealth, the largest healthcare group in the Middle East, announced that its total investment in locally sourced goods and services has now reached AED 2.25 billion. In 2024 alone, the group directed AED 1 billion into the...

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Business & Money | Tuesday 20 May, 2025 7:32 am

1276 nationals apply for Dubai Customs’ training and scholarship programs

Dubai Customs concluded its active participation in the 2025 National Service Career Fair, held at the Dubai Exhibition Centre in Expo City Dubai from 12 to 14 May. The department’s stand attracted significant interest, receiving 1,529 visitors, and 1,276 UAE nationals applied for the training...

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Technology & IT | Monday 19 May, 2025 2:23 pm

Moscow Metro Marks 90 Years with Technological Advancements and Heritage Events

Established in 1935, the Moscow Metro now spans over 550 kilometers and serves 8 million passengers daily, marking its 90th anniversary with exhibitions and digital innovation. Moscow – The Moscow Metro has reached its 90th year of operation, marking a significant milestone for one of the...

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Tourism & Hospitality | Monday 19 May, 2025 2:21 pm

Moscow Strengthens Tourism Ties with Saudi Arabia as Visitor Numbers Surge by 5.7 Times

Riyadh, Saudi Arabia – The Moscow City Tourism Committee is continuing its Middle East tour with the latest stop in Saudi Arabia designed to reinforce its commitment to long-term partnerships in the region and deepen engagement with Saudi travelers.Saudi travelers are showing growing interest in...

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Technology & IT | Monday 19 May, 2025 12:35 pm

BCCD spotlights digital innovators as Dubai emerges as safe haven for start-up investors

Home-grown tech companies bringing new solutions to regional business challengesIn the midst of global uncertainty, Dubai is emerging as a safe haven for innovators and start-up investors in the tech industry, according to experts at a recent business briefing hosted by the British Chamber of...

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Business & Money | Monday 19 May, 2025 10:50 am

Alinma Bank plans USD-denominated AT-1 sukuk

Alinma Bank plans to issue USD-denominated additional Tier 1 (AT1) sukuk, following a May 5 board resolution authorizing the CEO to take all necessary steps to execute the issuance. In a statement to Tadawul, the bank said the sukuk will likely be issued through a special purpose vehicle...

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Business & Money | Monday 19 May, 2025 10:48 am

Al-Rumayyan expects PIF’s investments in Europe to hit $170B from $85B

Saudi Arabia’s Public Investment Fund (PIF) has deployed $85 billion in Europe between investments and procurements from 2017 to 2024, said Governor Yasir Al-Rumayyan at the FII Priority Summit.  The fund anticipates these investments to grow to $170 billion by...

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Business & Money | Monday 19 May, 2025 10:44 am

ADES, Aramco renew Saudi platform contract for 10 years at SAR 1.61B

ADES Holding Co. renewed on May 18 the contract for one of its offshore platforms with Saudi Aramco for a period of 10 years, at an estimated cumulative value of SAR 1.61 billion ($429 million). The contract renewal will significantly enhance revenue visibility and support the...

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Business & Money | Monday 19 May, 2025 10:38 am

solutions signs SAR 651.7M contracts with stc

Arabian Internet and Communications Services Co. (solutions) signed several contracts with stc, a related party, to implement a project for upgrading IT infrastructure and cloud partnerships, in addition to a project for renewing Oracle software licenses. The...

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