Business & Money | Sunday 25 February, 2024 8:26 am

Abu Dhabi Customs records 72% growth in digital transactions in 2023

The General Administration of Abu Dhabi Customs revealed exceptional results in digital customs transactions through the ports of the Emirate of Abu Dhabi in 2023, recording a growth of 72 percent compared to 2022, achieving a significant increase and the highest rate since the beginning of the...

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Business & Money | Sunday 25 February, 2024 8:13 am

FAB forecasts GCC will outperform global economy in 2024

The economies of the UAE and Gulf countries will outpace the global forecast for 2024, helped by the domestic multi-year investment cycle in the region, according to First Abu Dhabi Bank’s Global Investment Outlook (GIO) 2024 Report: ‘Making a positive impact’. Despite recent...

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Business & Money | Sunday 25 February, 2024 8:12 am

FATF’s decision a testament to UAE's progress: ADGM

Abu Dhabi Global Market (ADGM) affirmed that FATF’s decision to remove the UAE from the list of countries under enhanced due diligence due to concerns regarding anti-money laundering/countering the financing of terrorism, stands as a testament to the remarkable progress the country has made over...

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Business & Money | Sunday 25 February, 2024 8:04 am

Kinan shelves plans for listing on Nomu

Kinan International for Real Estate Development Co. called off plans for listing on Nomu-Parallel Market, due to some developments that require the reissuance of a supplementary prospectus.   In a statement to Argaam, Kinan said a supplementary prospectus will be...

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Business & Money | Sunday 25 February, 2024 8:01 am

Minister of Municipal Affairs approves excavation license work

Minister of Municipal, Rural Affairs and Housing, Majed Al-Hogail, endorsed the excavation license work, which will come into effect as of the publication date. As reported by Umm Al-Qura newspaper on Feb. 23, Friday, the terms and conditions of these regulations apply to coordinating the...

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Business & Money | Sunday 25 February, 2024 8:00 am

Sectors offer 1,600 investment opportunities across Saudi Arabia: Official

Investment opportunities in Saudi Arabia before the launch of the National Investment Strategy (NIS) reached nearly 200. Today, almost 1,600 opportunities are available in different quality sectors across all Kingdom under 40 initiatives and four key themes, Deputy Minister for Economic Affairs and ...

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Business & Money | Sunday 25 February, 2024 7:51 am

Monsha’at says over 77,300 MSMEs issue certificate of startup size

The Small & Medium Enterprises General Authority (Monsha’at) said that more than 77,300 micro, small and medium-sized enterprises (MSMEs) issued the certificate of startup size since the service launch to date to benefit from various advantages, including applying for government tenders and...

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Environment & Energy | Sunday 25 February, 2024 7:50 am

Significant rise in Jafurah field proven gas, condensate reserves: Minister

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz stated that Saudi Aramco was able to add large quantities of proven reserves of gas and condensate in the unconventional Jafurah field, the Saudi News Agency (SPA) reported.   The additional quantities...

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Business & Money | Sunday 25 February, 2024 7:06 am

PIF to acquire stake in Binladin Group

The Public Investment Fund (PIF) intends to acquire a stake in Saudi Binladin Group (SBG), Bloomberg reported, citing sources with knowledge of the matter.   The fund is working with Morgan Stanley on the potential deal to buy into SBG.   The PIF is considering...

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Business & Money | Saturday 24 February, 2024 10:12 pm

UAE Ministry of Investment witnesses signing of largest-ever foreign direct investment agreement with Egypt

The Ministry of Investment of the UAE witnessed the signing of a landmark agreement between the Government of the Republic of Egypt and the Government of the UAE, represented by a private consortium led by ADQ, an Abu Dhabi-based sovereign investor. Under the agreement, which marks the largest ...

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