Business & Money | Wednesday 19 March, 2025 10:11 am

Emaar EC signs binding amendment, restructuring agreement with PIF

Emaar The Economic City’s (Emaar EC) signed on March 18 a binding amendment and restructuring agreement for the existing shareholder loan agreement with the Public Investment Fund  (PIF), in order to provide a loan of up to SAR 1 billion. According to a statement to Tadawul, Emaar...

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Business & Money | Wednesday 19 March, 2025 10:07 am

20% rise in licencing service providers’ compliance with regulations, legislation: RTA

Dubai’s Roads and Transport Authority (RTA) reported that inspection and audit operations of licencing activities throughout 2024 led to a significant 20 percent increase in compliance among service providers with laws, regulations, and legislation compared to 2023. Additionally, the...

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Business & Money | Wednesday 19 March, 2025 10:04 am

ADNOC Drilling approves $788 million 2024 dividend, accelerates AI-enabled expansion

ADNOC Drilling Company PJSC confirmed shareholders’ approval of all agenda items at its Annual General Meeting, including the distribution of its final cash dividend payment for the year ended 31st December 2024. ADNOC Drilling’s full-year revenue increased significantly to a record $4.034 ...

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Business & Money | Wednesday 19 March, 2025 9:53 am

Emirates Group renews Rolls-Royce Leadership Programme for UAE Nationals

Emirates Group has renewed its Rolls-Royce Leadership Programme for another 5 years, as part of its continued efforts to develop and empower the UAE national leadership skills and competencies. The Memorandum of Understanding (MoU) for the renewal was signed by Adel Al Redha, Deputy President...

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Business & Money | Wednesday 19 March, 2025 9:51 am

Etihad Airways unveils UAE National Talent Development Strategy

Etihad Airways has unveiled its UAE National Talent Development Strategy, a groundbreaking long-term programme aimed at developing Emirati professionals, cultivating expertise, and positioning the airline as the employer of choice for UAE Nationals.As the UAE’s aviation industry undergoes rapid...

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Business & Money | Wednesday 19 March, 2025 9:49 am

UBF: Customer awareness first, strongest line of defence against financial fraud

The UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, has reiterated its call for customers to take necessary precautions against financial fraud, particularly during holiday seasons that witness a surge in promotional offers through digital channels. The...

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Business & Money | Wednesday 19 March, 2025 9:47 am

UAE, European Union strengthening trade relations, promoting investment opportunities

A UAE delegation including Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Ahmed Al Sayegh, Minister of State, has visited Brussels, Belgium, for meetings with senior European Union (EU) officials and members of the Belgian government to strengthen economic ties, promote...

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Business & Money | Tuesday 18 March, 2025 2:51 pm

RIZ & MONA Consultancy Expands Operations to Saudi Arabia Through Strategic Partnerships

RIZ & MONA Consultancy, a leading name in the business consultancy and corporate services industry, is proud to announce its expansion into Saudi Arabia. Through trusted strategic partnerships, the company now facilitates business setup in Saudi Arabia for international entrepreneurs and...

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Business & Money | Tuesday 18 March, 2025 11:09 am

Al Sagr starts corrective plan to lift suspension on compulsory motor insurance product

Al Sagr Cooperative Insurance Co. said it initiated the necessary procedures to obtain approval from the relevant regulatory and supervisory authorities to resume sales of the compulsory third-party motor insurance product. In a statement to Tadawul, the company reaffirmed its full commitment...

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Business & Money | Tuesday 18 March, 2025 11:07 am

Almarai says acquisition of Hammoudeh Food Industries falls through

Almarai Co. said that its planned acquisition of Jordan-based Hammoudeh Food Industries Co. did not materialize due to factors beyond its control, as the seller was unable to meet certain conditions required to complete the transaction. In a statement to Tadawul, Almarai reaffirmed its...

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