Business & Money | Thursday 19 October, 2023 9:06 am

GITEX poised to break last year’s record & cross AED 2.6 billion in ecomomic impact

Insticc Digital™ Solutions, a leading digital transformation and custom software development company gearing to change the sustainable technology landscape in the AMEA region, has announced its Platinum Sponsorship of GITEX Impact 2023 - a global event bringing together stakeholders to...

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Business & Money | Wednesday 18 October, 2023 12:22 pm

DCD Collaborates with Accenture to revolutionize Abu Dhabi’s social sector

The Department of Community Development (DCD) has signed a Memorandum of Understanding (MoU) with Accenture (NYSE: ACN) aimed at transforming Abu Dhabi's social sector and enhancing the well-being of its citizens and residents.  The MoU, signed at GITEX Global...

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Business & Money | Wednesday 18 October, 2023 10:18 am

KEC inks 3 agreements with China Gezhouba Group at SAR 3.6 bln

Knowledge Economic City Co. (KEC) signed on Oct 17 three preliminary agreements with China Gezhouba Group International Engineering Co. to finalize the contracting works of the projects related to the framework agreement signed in June 2023.   The new agreements determine the...

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Business & Money | Wednesday 18 October, 2023 8:53 am

ACWA Power to foster water innovation through IDA World Congress 2024 Partnership

Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed an agreement to participate in the International Desalination Association (IDA) World Congress 2024, scheduled to take place in Abu Dhabi...

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Business & Money | Wednesday 18 October, 2023 1:57 am

DAMAC Properties Awards Key Contract for Safa One de GRISOGONO

Leading luxury real estate developer in the UAE, DAMAC Properties has announced the awarding of the main works package for its much-anticipated Safa One de GRISOGONO project. United Engineering Construction Co. LLC (UNEC) has been entrusted with the main works package for the Safa One...

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Business & Money | Wednesday 18 October, 2023 12:00 am

Third meeting of UBF CEOs Advisory Council stresses on importance of promoting sustainable finance

The CEOs Advisory Council of the UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, held its third meeting of 2023 under the chairmanship of H.E. Abdulaziz Al-Ghurair, Chairman of the Board of Directors of UBF to discuss the latest developments in the banking and...

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Business & Money | Tuesday 17 October, 2023 11:20 am

Abu Dhabi Accountability Authority Debuts Al Mersad, a Pioneering Integrated Data System Auditing Platform, at GITEX Global 2023

Inspired by the UAE’s visionary leadership and aligning with Abu Dhabi's digital progression, the Abu Dhabi Accountability Authority unveiled its innovative platform, “Al Mersad”, at GITEX Global 2023. Born from the collaboration of elite Emirati experts and Presight.ai, a subsidiary of the...

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Business & Money | Tuesday 17 October, 2023 9:58 am

TGA launches inter-city bus transport services

The General Transport Authority (TGA) inaugurated today, Oct. 16, the inter-city bus passenger services in the Kingdom with the presence of Minister of Transport and Logistic Services, Saleh Al-Jasser. As per Argaam data, last February, TGA signed bus inter-city concession contracts in the...

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Business & Money | Tuesday 17 October, 2023 9:46 am

Saudi Arabia eyes industrial investments worth SAR 1 trln: Minister

Saudi Arabia is moving forward to attract industrial investments estimated at about SAR 1 trillion, Bandar Al-Khorayef, Minister of Industry and Mineral Resources and Chairman of the Saudi Export Development Authority (SEDA), stated.  ...

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Business & Money | Tuesday 17 October, 2023 9:18 am

MENA banking sector witnesses 30% surge in net profits, 12.2% increase in net assets year on year in H1 2023

According to the EY MENA H1 2023 Banking Report, the region experienced a remarkable year on year (YoY) growth with a 30% surge in net profits and a 12.2% increase in net assets. Meanwhile, YoY returns on equity recorded a rise of 6.18%, and the net interest margin grew by 0.2%. This ...

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