Business & Money | Tuesday 3 December, 2024 12:22 pm

UAE marks 53rd Eid Al Etihad with economic milestones

The UAE’s national economy continues to demonstrate accelerated growth, reinforcing its position as one of the most dynamic and competitive economies both regionally and globally. On the occasion of the 53rd Eid Al Etihad, the Emirates News Agency (WAM) highlights the UAE's remarkable...

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Business & Money | Tuesday 3 December, 2024 12:20 pm

UAE, Korea boost cooperation in water management

The Ministry of Energy and Infrastructure (MoEI) and Korea’s Ministry of Environment held the 7th meeting for the Joint Operation Committee for Water Resource Cooperation. The meeting aimed to share latest technologies and experiences in water management and drive cooperation in related...

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Business & Money | Tuesday 3 December, 2024 12:18 pm

UAE is home to over 1.5 million trade licenses: Bin Touq

The Economic Integration Committee convened its seventh meeting for 2024, chaired by Abdulla bin Touq Al Marri, Minister of Economy. It was attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Alia Abdullah Al Mazrouei, Minister of State for Entrepreneurship,...

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Business & Money | Tuesday 3 December, 2024 12:15 pm

MIS board OKs allocating SAR 30M for investment in global tech firms

Al Moammar Information Systems Co.’s (MIS) board approved today, Dec. 2, the allocation of SAR 30 million to establish an investment portfolio through self-financing. This portfolio aims to invest in global technology companies and capitalize on growth opportunities...

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Business & Money | Tuesday 3 December, 2024 12:10 pm

Matarat Holding, NCP call for EOI for New Taif International Airport

Matarat Holding Co. and the National Center for Privatization (NCP) launched an expression of interest (EOI) phase for the New Taif International Airport project, inviting private sector parties to participate under a public-private partnership model (build, transfer, operate). The contract...

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Business & Money | Tuesday 3 December, 2024 12:04 pm

Atlas Elevators wins SAR 3.2M project with Dammam Medical Complex

Atlas Elevators General Trading and Contracting Co. received on Dec. 2 a letter of award for an elevator replacement project with the Dammam Medical Complex for SAR 3.16 million (VAT inclusive). In a statement to Tadawul, the company said that it would replace elevators at the Dammam...

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Business & Money | Tuesday 3 December, 2024 11:03 am

Saudi Arabia achieves new milestones every year: Energy Minister

Saudi Energy Minister Prince Abdulaziz bin Salman said the Kingdom is achieving new milestones every year, emphasizing that no other country globally can match Saudi Arabia's progress and effectiveness. At the opening of the fourth edition of the Saudi Green Initiative Forum, the minister...

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Business & Money | Tuesday 3 December, 2024 11:01 am

GOSI’s assets exceed SAR 1.2 trln, says Al-Jadaan

Saudi Arabia’s General Organization for Social Insurance (GOSI) has over SAR 1.2 trillion in assets, said Minister of Finance Mohammed Al-Jadaan. Speaking at the Regional Social Security Forum for Asia and the Pacific (RSSF Asia-Pacific), the minister said the merger of the Public...

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Business & Money | Tuesday 3 December, 2024 10:44 am

KnowledgeNet inks deal to sell subsidiary to Saudi Technology Fund for SAR 15.4M

KnowledgeNet Co. signed a contract to sell 100% stake in Financial Technology Solutions (99.99% owned by KnowledgeNet and 0.01% by Knowledge Network for Business Services) to the Saudi Technology Fund for SAR 15.35 million. In a statement to Tadawul, the company said that Financial Technology...

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Business & Money | Tuesday 3 December, 2024 10:01 am

Next Generation of US Business Management from MENA: 'Clemta Intelligence’

Leading digital transformation in the MENA region, Clemta shapes the future of businesses with its AI-powered solution Clemta Intelligence. Dubai — Clemta, a leader in business formation and management solutions for entrepreneurs worldwide, launches Clemta Intelligence, an innovative...

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