Business & Money | Sunday 12 May, 2024 9:49 am

Arab bourses' market cap hit $4.36 trillion at end of April 2024: Arab Monetary Fund

The market cap of Arab stock exchanges exceeded $4.361 trillion at the end of April 2024, according to the Arab Monetary Fund (AMF). The monthly bulletin data of the AMF said that the market value of the Abu Dhabi Securities Exchange reached $754.7 billion, while that of the Dubai Financial...

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Business & Money | Sunday 12 May, 2024 9:47 am

AIM Congress 2024 concludes with high attendance, partnerships forged for future growth

The 13th edition of AIM Congress (Annual Investment Meeting) concluded with resounding success after three days of dynamic discussions, innovative exhibitions, and fruitful networking sessions at ADNEC. With the support of UAE Industry of Advanced Technology and the Abu Dhabi Department of Economic ...

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Business & Money | Sunday 12 May, 2024 9:44 am

Abu Dhabi non-oil exports to Poland soars 253% in 2023

Abu Dhabi’s non-oil exports to Poland have soared 253% in 2023, reflecting success of efforts made by the Abu Dhabi Department of Economic Development (ADDED) to deepen economic relations. This was announced at the 2nd Business Forum between Abu Dhabi and Poland, held in Silesia Region,...

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Business & Money | Sunday 12 May, 2024 9:39 am

Saudi Cable names Al Bilad Capital as underwriter

Saudi Cable Co. appointed Al Bilad Capital as an underwriter for the company’s capital increase via a SAR 400 million rights issue at SAR 10 a share, according to a statement to Tadawul. Saudi Cable will reveal updates as regards submitting the capital increase request to the Capital Market...

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Business & Money | Sunday 12 May, 2024 9:35 am

Johnson Controls to export Saudi-made cooling units to Europe, eyes China: CEO

Mohanad Al Shaikh, CEO of Johnson Controls Arabia, said that exporting Saudi-made air conditioners to the US market today is merely the result of work done over the past years. Other agreements will be signed in the coming months to export to European markets. The company exports to more than...

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Business & Money | Sunday 12 May, 2024 9:32 am

Saudi EXIM Bank seeks to provide SAR 20B financing in 2024: CEO

Saudi EXIM Bank managed to find credit solutions of over SAR 10 billion during the first four months of 2024. It aims to provide a financing and insurance value for industrialists of around SAR 20 billion by year-end, CEO Saad Alkhalb told Asharq Alawsat newspaper. The bank aims to quadruple...

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Business & Money | Sunday 12 May, 2024 9:31 am

AviLease delivers 2 Boeing 737-8 aircraft to Air India Express

AviLease, a wholly owned subsidiary of the Public Investment Fund (PIF), delivered two Boeing 737-8 aircraft to Air India Express. These two aircraft are the first in a batch of six that will be delivered by AviLease to the airline in 2024 and 2025, AviLease said in a statement. Edward...

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Business & Money | Sunday 12 May, 2024 9:23 am

Saudi Arabia offers financial incentives to 490 factories: Official

Financial incentives were offered to more than 490 factories through several initiatives and programs within the Future Factories Program, said Al-Bader Fouda, Acting Undersecretary of Industrial Development and Supervisor of the Empowerment Agency. The program aims to transform 4,000...

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Business & Money | Sunday 12 May, 2024 9:17 am

UAE a gateway for Chinese companies to expand into GCC, African markets: Under-Secretary for Financial Services and Treasury in Hong Kong

Joseph Chan, Under-Secretary for Financial Services and the Treasury at the Government of the Hong Kong Special Administrative Region, highlighted the ongoing efforts to strengthen relations with the UAE, to help pave the way for the expansion of Chinese companies into the markets of the Gulf...

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Business & Money | Sunday 12 May, 2024 9:12 am

SBWC, AUS launch data-driven round table series empowering women entrepreneurs

Sharjah Business Women Council (SBWC), in collaboration with the American University of Sharjah (AUS), has launched a round table discussion series, designed to enhance entrepreneurial sectors within the UAE, particularly for women. The sessions, placing a strong focus on educational aspects...

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