12 Sha'aban 1445 - 23 February 2024
Sign up for newsletter
Eye of Riyadh

Lucid’s Q4 revenue below estimates, raises production target in 2024
Cars & Autos | Thursday 22 February, 2024 1:34 pm
Lucid Group reported quarterly losses as revenue declined due to weak consumer demand for electric vehicles (EVs) but expects production to increase to 9,000 EVs in 2024.   The American EV maker's business results showed a net loss of...
in5 start-ups record 25% funding growth in 2023
Business & Money | Thursday 22 February, 2024 1:32 pm
TECOM Group's incubator “in5” has reported remarkable growth in 2023, with funding raised by start-ups since its inception increasing by 25 percent during the year. This represents a testament to Dubai’s entrepreneurial credentials and robust investor confidence in the city’s pro-business...
Mohammed bin Rashid visits Emirates NBD headquarters on occasion of bank’s 60th anniversary celebrations
Government | Thursday 22 February, 2024 1:28 pm
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today visited the headquarters of Emirates NBD on the occasion of the bank’s 60th anniversary celebrations.His Highness Sheikh Mohammed was accompanied on his visit by H.H. Sheikh...
Emirates Islamic holds its 48th General Assembly Meeting
Business & Money | Thursday 22 February, 2024 1:25 pm
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, held its forty-eighth General Assembly Meeting, on 21st February 2024.Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, and Vice Chairman and Managing Director of Emirates NBD, presented a comprehensive review of...
KEZAD Assets Management Company set to manage 750,000 sqm of built-up assets under KEZAD Group
Business & Money | Thursday 22 February, 2024 1:22 pm
KEZAD Group, a subsidiary of AD Ports Group under the Economic Cities and Free Zones, and the largest operator of integrated and purpose-built economic zones in the UAE, is set to transfer the management of approximately 750,000 square metres of its built up assets to KEZAD Assets Management...
Emirates NBD holds its 17th General Assembly Meeting
Business & Money | Thursday 22 February, 2024 1:18 pm
Emirates NBD (DFM: EmiratesNBD), a leading banking group in the MENAT (Middle East, North Africa and Turkiye) region, held its 17th General Assembly Meeting on 21 February 2024.At the General Assembly Meeting, a review of the Group’s performance during 2023 was presented. Commenting on the...
 Gatorade® 5v5 Tournament returns to the UAE to recruit the next generation of football talent
Sports | Thursday 22 February, 2024 11:15 am
- The tournament will see twelve of the UAE’s best youth players travel to the United Kingdom and compete against international teams in partnership with UEFA Champions League  United Arab Emirates – The Gatorade® 5v5 football tournament is set to return to the United Arab Emirates...
RAKEZ recognised as ‘Best Special Economic Zone’ in GCC
Business & Money | Thursday 22 February, 2024 1:45 am
Ras Al Khaimah Economic Zone (RAKEZ) was awarded the ‘Best Special Economic Zone (SEZ)’ during the Annual India GCC Achievers Awards 2024, organised by the Indian Economic Trade Organization (IETO) in New Delhi, India. This esteemed accolade celebrates RAKEZ’s exceptional support to Indian...
NEOM celebrates student excellence and innovation in Chicago
Business & Money | Thursday 22 February, 2024 12:56 am
High-performing scholarship students from the Tabuk region have been honored by NEOM – the sustainable regional development taking shape in northwestern Saudi Arabia – at a special event held in Chicago, United States.   Led by NEOM CEO Nadhmi Al-Nasr, the occasion...
New Murabba Development Company Showcases Innovation and Earns Industry Recognition at Restatex 2024
Business & Money | Thursday 22 February, 2024 12:52 am
New Murabba Development Company (NMDC), concluded a successful participation at the 2024 Restatex exhibition, one of Saudi Arabia’s largest real estate conference. The company’s participation marked by its Chief Executive Officer, Michael Dyke, receiving the prestigious "Partner Shield"...