Culture & Education | Monday 12 August, 2024 11:29 am

Dubai Performing Arts Programme: an innovative platform to discover theatrical talents

Dubai Culture and Arts Authority (Dubai Culture) is presenting a series of innovative and interactive training workshops under the ‘Dubai Performing Arts Programme’ in August and September 2024. This initiative aims to discover, empower, support, and develop the skills and passions of...

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Business & Money | Monday 12 August, 2024 11:20 am

Demand for at-home visa services increases by 20%; trend shifting towards families and individuals

VFS Global’s Visa At Your Doorstep solution, which provides visa application services at the applicant’s home or office, has witnessed a 20% growth in demand from travellers, both from Middle East and within the UAE, in the first half of 2024. This year, VFS Global added Bulgaria, Croatia and...

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Business & Money | Monday 12 August, 2024 11:08 am

Taiba Investments Achieves Robust H1 2024 Financial Results 193% YoY Rise in Revenue

Taiba Investments has announced impressive financial results for the first half of 2024, showcasing substantial growth in both revenue and profitability. This robust performance underscores the effectiveness of Taiba’s expansion and operational strategy. A significant driver of this success was...

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Business & Money | Monday 12 August, 2024 10:59 am

EWEC opens registration for Q3 2024 Clean Energy Certificates auction

Emirates Water and Electricity Company (EWEC) today announced that registration is open for its Q3 2024 auction for Clean Energy Certificates (CECs) in Abu Dhabi. The auction is scheduled to close on 13th September 2024. CECs enable Abu Dhabi-based entities to decarbonise their energy...

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Business & Money | Monday 12 August, 2024 10:57 am

Foreign Direct Investment in Saudi Arabia rises to US$215 billion

Khalid Al Falih, Saudi Minister of Investment, said that the pro-investment measures introduced by Saudi Arabia in recent years include the introduction of the Civil Transactions Law, Private Sector Participation Law, Companies Law, Bankruptcy Law and Special Economic Zones. These reforms have ...

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Business & Money | Monday 12 August, 2024 10:53 am

Sharjah real estate continues its growth, achieves AED 3.9 billion in July 2024

The real estate market in Sharjah continues its growth, achieving a trading value of AED 3.9 billion in various areas and cities of the emirate during July 2024, according to the "Real Estate Market Performance Report" issued by Sharjah Real Estate Registration Department. The total number of...

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Business & Money | Monday 12 August, 2024 10:50 am

ADNOC Gas announces record Q2 net income of $1.19 billion

ADNOC Gas plc today announced strong financial results for the second quarter (Q2) of 2024, posting an adjusted net income of $1,190 million, a 21% year-on-year (y-o-y) improvement exceeding market expectations. Revenues for the Q2 period of $6,076 million are an increase of 13% y-o-y. Within...

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Business & Money | Monday 12 August, 2024 10:37 am

Aramco plans $100M funding for KAUST to support R&D

Saudi Aramco signed a memorandum of understanding (MoU) with King Abdullah University of Science and Technology (KAUST) to support research to deliver environmental and commercial benefits. The company plans to fund up to $100 million in research and development (R&D) projects with KAUST...

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Business & Money | Monday 12 August, 2024 10:34 am

United Yousef Naghi sells stake in Buruj for SAR 22.5M

Buruj Cooperative Insurance Co. received, on Aug. 11, a letter from the founding shareholder, United Yousef M. Naghi Co. Ltd., notifying of the final agreement to complete a private sale and purchase transaction. In a statement to Tadawul, the insurer said that the agreement involves the sale...

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Business & Money | Monday 12 August, 2024 10:32 am

ADES signs contracts to operate 6 rigs in Kuwait for SAR 2.42B

ADES Holding Co. signed on Aug. 11, contracts to operate six onshore rigs in Kuwait by Kuwait Oil Co. (KOC) at a total value of SAR 2.42 billion, according to a statement to Tadawul. Operations are estimated to start in Q2 and Q3 2025 and will extend for five years, with an option to extend...

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