Government | Monday 1 April, 2024 10:15 am

New Zakat collection regulations feature independent approaches for real estate, investment sectors

The  Zakat, Tax and Customs Authority’s (ZATCA) new regulations for collecting Zakat offer independent Zakat treatments, encompassing various sectors such as real estate activities, construction, investment funds, insurance, financing, and others, said Hamoud Al-Harbi, official...

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Business & Money | Monday 1 April, 2024 10:10 am

Electrical Industries subsidiaries pen SAR 158M contracts with Saudi Electricity

Electrical Industries Co. (EIC) stated that its subsidiaries, WESCOSA and Saudi Transformers Co., signed today, March 31, agreements worth SAR 158 million with Saudi Electricity Co. (SEC), according to a filing to Tadawul.   Under the agreements, EIC, through its subsidiaries, will...

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Business & Money | Monday 1 April, 2024 10:08 am

Aafaq Islamic Finance and NWTN Drive Sustainable Mobility through Innovative Partnership

Aafaq Islamic Finance, a leading provider of financial services in the UAE, is  pleased to announce a strategic partnership with NWTN, an eco-conscious mobility technology company. This collaboration, aimed at transforming the electric vehicle financing landscape, is formalized through a...

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Business & Money | Monday 1 April, 2024 10:06 am

RAKBANK SME Confidence Index Launched in Collaboration with RFI Global

RAKBANK today launched its inaugural SME Confidence Index report in collaboration with independent research company RFI Global. Among the headline findings of the report is that the Small & Medium Enterprise (SME) sector in the United Arab Emirates has successfully moved from a stage of...

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Business & Money | Monday 1 April, 2024 10:01 am

Department of Community Development announces achievements of volunteer work in Abu Dhabi during 2023

The Department of Community Development - Abu Dhabi (DCD), the regulatory authority overseeing the social sector in Abu Dhabi, has revealed the remarkable achievements of volunteer efforts in 2023. A total of 873,787 hours of general volunteer work were recorded, reflecting a significant...

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Technology & IT | Sunday 31 March, 2024 11:50 am

Cisco Harnesses AI Innovations for Next-Gen Collaboration via Webex Suite

With one suite and eight tools, Webex by Cisco offers AI-powered collaboration for every workstyle, all built on a secure and trusted platform. Through such innovations, Cisco continues to revolutionize workplace collaboration dynamics by streamlining communication and creating healthier and more...

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Business & Money | Sunday 31 March, 2024 11:41 am

CIPS MENA Conference 2024 provides platform for procurement professionals to network with leaders and peers

The Chartered Institute of Procurement and Supply (CIPS) will hold its annual CIPS MENA Conference 2024 at the Hilton Riyadh Hotel on 16th May 2024. The conference provides an opportunity for procurement professionals to hear from world-renowned leaders and build new and lasting connections...

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Business & Money | Sunday 31 March, 2024 11:37 am

Azizi Developments sponsors 28th Dubai World Cup for 7th consecutive year

Azizi Developments, a leading private developer in the UAE, has once again sponsored the Dubai World Cup, now for the 7th consecutive year. It’s race, the $1.5 million 1,200-meter G1 Al Quoz Sprint, has been sponsored by the developer since 2007.  In 2023, the Al Quoz Sprint was won by...

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Environment & Energy | Sunday 31 March, 2024 10:38 am

DEWA awards winners of 2nd cycle of Cleantech Hackathon

Over 160 candidates from 25 nationalities and 20 universities worldwide participated in the 2nd cycle of the Cleantech Hackathon launched by the Innovation Centre of Dubai Electricity and Water Authority (DEWA). The event focused on sustainable innovations in energy, digital transformation,...

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Business & Money | Sunday 31 March, 2024 10:34 am

GULFNAV records net profits of AED 21 million in 2023

Gulf Navigation Holding PJSC (“GULFNAV”) the Dubai Financial Market listed maritime and shipping company, announced its annual audited financial results of 2023, reporting a net profit of 21 million dirhams compared to a net loss of 7.6 million dirhams in 2022. Major Highlights:Gross...

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