Business & Money | Saturday 26 August, 2023 3:00 am

Saudi Central Bank, the Kingdom is hosting ‘Seamless Saudi Arabia 2023’

Under the patronage of His Excellency Ayman Mohammed Al-Sayari, the Governor of the Saudi Central Bank, the Kingdom of Saudi Arabia is hosting the ‘Seamless Saudi Arabia 2023’ conference and exhibition in Riyadh on September 4 and 5. The event will be held through a strategic partnership with...

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Business & Money | Friday 25 August, 2023 1:46 pm

Saudi Arabia, UAE accession to BRICS marks importance of GCC states: Official

The Secretary General of the Gulf Cooperation Council for Arab States, Jasem Mohamed Albudaiwi, said the accession of Saudi Arabia and the UAE to the Brazil, Russia, India, China, and South Africa (BRICS) Group, emphasizes the importance of the GCC economies.   The GCC countries are...

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Business & Money | Friday 25 August, 2023 1:45 pm

Financial, realty blue chips continue to drive UAE stock markets

The UAE stock markets Thursday continued to capitalise on improved investor sentiments, with blue-chip industrial, banking and real estate stocks leading the gainers in the capital's bourse, with financials, industrials, and communication services driving the Dubai Financial Market, with both...

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Business & Money | Friday 25 August, 2023 1:36 pm

Abu Dhabi Maritime launches Marina Awards to recognise excellence across MENAT region

Abu Dhabi Maritime, part of AD Ports Group, in collaboration with the Department of Municipalities and Transport (DMT), has announced that entries can now be submitted to the inaugural “Abu Dhabi Maritime Awards (Marinas Edition)”. This brand-new awards programme aims to recognise...

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Business & Money | Friday 25 August, 2023 1:31 pm

UAE's inclusion into BRICS opens up significant development prospects: Minister of Economy

Abdullah bin Touq Al Marri, Minister of Economy, said that the UAE's inclusion into the BRICS opens up significant development prospects thanks to the presence of a number of the world's fastest growing economies, namely Brazil, Russia, India, China, and South Africa. “UAE's BRICS membership ...

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Business & Money | Friday 25 August, 2023 1:27 pm

Borouge’s PP5 unit generates $209 million sales in H1 2023, driving sustainable growth

Dr. Hasan Karam, Borouge's Chief Operating Officer, has said that the fifth polypropylene unit (PP5) played a significant role in H1 2023, contributing $209 million (AED767 million) in polypropylene material sales, representing 22% of the Company's propylene sales and 10% of our overall...

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Business & Money | Friday 25 August, 2023 1:26 pm

AED268.6 billion in saving deposits held by UAE banks until end of June 2023

Savings Deposits held by UAE banks, excluding interbank deposits, amounted to AED268.6 billion by the end of June 2023, according to the latest statistics from the Central Bank of the UAE. The apex bank's statistics showed these deposits increased by 5.8 percent on a monthly basis, or AED14.8...

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Tourism & Hospitality | Friday 25 August, 2023 2:35 am

Emirates flies over 14 million passengers June-August

Emirates, the world’s largest international airline, marks one of its busiest summers ever, carrying over 14 million passengers with average seat load factors exceeding 80 percent across its global network between June and August.Looking at the coming months, Emirates’ booking trends show...

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Business & Money | Friday 25 August, 2023 12:13 am

Ministry of Industry unveils top 10 SIRI factories

Saudi Ministry of Industry and Mineral Resources announced the top 10 factories in the global Smart Industry Readiness Index (SIRI) until August 2023, within the Future Factories Program, the minister said on X messaging app (formerly Twitter).    City Cement Co. came...

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Business & Money | Friday 25 August, 2023 12:06 am

Budget Saudi signs non-binding MoU to fully acquire AutoWorld subsidiary

United International Transportation Co. (Budget Saudi) signed today, Aug. 24 a non-binding memorandum of understanding (MoU) with the Saudi Economic and Development Holding Co. (SEDCO) to fully acquire its subsidiary, Al-Jazira Equipment Co. Ltd (AutoWorld), by issuing shares to the subsidiary...

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