Business & Money | Tuesday 9 July, 2024 8:24 am

Aafaq Islamic Finance PSC Partners with Dubai Land Department to Oversee Real Estate Escrow Accounts

Aafaq Islamic Finance PSC has entered into a strategic partnership with the Dubai Land Department (DLD) through the signing of a Memorandum of Understanding (MoU). This agreement designates Aafaq as an authorized financial institution to provide escrow services, joining a select group of accredited ...

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Business & Money | Tuesday 9 July, 2024 8:05 am

Abu Dhabi Securities Exchange (ADX) Welcomes the Listing of Lunate Capital LLC’s Chimera JP Morgan Global Sukuk ETF

Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today the listing of the Chimera JP Global Sukuk ETF.  This new ETF offers investors access to a diversified portfolio of liquid, USD-denominated, investment-grade Sukuks from sovereign,...

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Business & Money | Monday 8 July, 2024 10:56 am

Financial sector aspirations 2024: Launching digital banks, listing 24 firms

The Financial Sector Development Program (FSDP) announced in its annual report for 2023, the aspirations of Saudi Arabia’s financial institutions for 2024, including Saudi Central Bank (SAMA), Capital Market Authority (CMA). SAMA’s Aspirations for 2024: - keeping pace with best...

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Business & Money | Monday 8 July, 2024 10:46 am

Bitget to List the First BGB Perpetual Futures with up to 50x Leverage

Victoria, Seychelles, 8 July 2024 — Bitget, the leading global cryptocurrency exchange and web3 company, is excited to announce that its native token, Bitget Token (BGB), is now exclusively available for futures trading on the platform. As the first BGB perpetual futures, BGBUSDT-M will be live...

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Business & Money | Monday 8 July, 2024 10:38 am

DEWA attracts projects worth AED 43.6 billion through IPWP model over 10 years

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has emphasised that DEWA works in line with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to make Dubai a global hub for the...

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Business & Money | Monday 8 July, 2024 10:26 am

Petroleum Products Trading Regulatory Committee in Abu Dhabi to launch platform for consultation and communication

The Petroleum Products Trading Regulatory Committee in Abu Dhabi continues its efforts to enhance security and safety measures in the Emirate, ensuring that operators and stakeholders adhere to federal and local regulations and decisions. In this regard, Dr. Saif Saeed Al Qubaisi, Acting...

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Business & Money | Monday 8 July, 2024 10:24 am

MAKTEK AVRASYA, the region’s largest machine tools sector event, kicks off on 30 September

MAKTEK AVRASYA, dubbed “the fair of machine-making machines” is set to return for its eighth instalment at the Istanbul TÜYAP Fair and Congress Center from 30 September to 5 October 2024. Centred around the concept of Digital Transformation, this year’s eagerly awaited event will include a...

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Business & Money | Monday 8 July, 2024 10:01 am

Red Sea Global Adopts OPERA Cloud Central Across its Hotel Properties in the Middle East

 Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and Amaala, has selected Oracle OPERA Cloud Central to gain a comprehensive view of its hotel business. With Oracle, RSG can manage its distribution, sales, service interactions, and loyalty programs from ...

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Business & Money | Monday 8 July, 2024 9:46 am

Azizi Developments renews partnership with Cummins Inc. for fourth phase of Riviera

Azizi Developments, a leading private developer in the UAE, has extended its partnership with Cummins Inc., a global leader in power solutions design, manufacturing, distribution, and supply. This collaboration will continue into the fourth phase of Azizi's large-scale Riviera project in MBR City,...

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Business & Money | Sunday 7 July, 2024 9:32 am

Saudi Reinsurance seals SAR 427.7M binding subscription agreement with PIF

Saudi Reinsurance Co. inked, on July 4, a binding subscription agreement with the Public Investment Fund (PIF), according to a statement to Tadawul.   In accordance with the subscription agreement, the company will increase its capital from SAR 891 million to 1.158 billion, while...

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