Business & Money | Tuesday 23 April, 2024 1:06 pm

MEPCO approves SAR 1.78B budget to start cardboard factory project

Middle East Paper Co. (MEPCO) announced the start of the cardboard factory project (fifth paper line), with a production capacity of 450,000 tons, according to a statement to Tadawul. The feasibility study for the project has been completed and a final budget of SAR...

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Culture & Education | Tuesday 23 April, 2024 11:38 am

During its 46th session, King Faisal Prize Recognized Other Outstanding Figures in the Fields of Islamic Studies, and Service to Islam

During the 46th session of King Faisal Prize on April 22, exceptional accomplishments in the fields of gene therapy for neuromuscular diseases and groundbreaking RNA discoveries were acknowledged. Professor Jerry Mendell was awarded the Medicine Prize for his groundbreaking contributions to the...

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Business & Money | Tuesday 23 April, 2024 11:14 am

ACWA Power in talks for selective asset sales: CEO

ACWA Power Co. is in negotiations for selective asset sales to long-term investors such as pension funds, CEO, Marco Arcelli, said. In his remarks to Asharq on the sidelines of the World Energy Conference in Rotterdam, the Netherlands, Arcelli said long-term investors are seeking returns from...

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Business & Money | Tuesday 23 April, 2024 10:54 am

Dubai Chamber of Digital Economy attracted 9 MNCs with AED304 billion combined value in 2023

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the combined market value of the nine multinational companies (MNCs) it successfully attracted to Dubai last year exceeds AED304 billion (US$82.84 billion). The...

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Business & Money | Tuesday 23 April, 2024 10:51 am

ADCB's brand value surges over 8% in 2023, reaching AED 10.5 billion

Abu Dhabi Commercial Bank (ADCB) has seen the value of its brand increase 8.7 percent over the last year to reach AED 10.5 billion, according to the 2024 Banking 500 report from Brand Finance, the leading global brand valuation consultancy. As a result, ADCB has moved up four places to rank...

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Business & Money | Tuesday 23 April, 2024 9:53 am

Expo Centre Sharjah concludes participation in UFI’s MEA Conference

The Expo Centre Sharjah (ECS) participated in the Global Association of the Exhibition Industry (UFI)’s Middle East and Africa (MEA) Conference, held by the UFI in Kigali, Rwanda.Saif Mohammed Al-Midfa, CEO of Expo Centre Sharjah and Chairman of the Arab Union for Exhibitions, represented the ECS ...

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Government | Tuesday 23 April, 2024 9:30 am

Saudi first-time applicants granted five-year Schengen visas

Saudi citizens are granted Schengen visas for five years when applying for the first time, the French ambassador to Saudi Arabia said. According to Al-Arabiya, first-time applicants from GCC countries will now be eligible for Schengen visas valid for an extended period of five...

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Technology & IT | Tuesday 23 April, 2024 8:24 am

Moro Hub and Kaspersky Sign MoU for Collaborative Cybersecurity Defense

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC) and Kaspersky, signed a Memorandum of Understanding (MoU) to facilitate collaboration in areas of cybersecurity. The MoU was signed by Dr. Ahmed Alketbi CISO of DEWA & Moro Hub and Eugene...

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Business & Money | Tuesday 23 April, 2024 8:24 am

Artal Capital announces first close of Artal Growth Opportunities Fund

Artal Capital, a leading investment management company in the Kingdom of Saudi Arabia, announces the successful first closing of its Artal Growth Opportunities Fund. This marks a significant milestone for the newly established fund, which aims to support high-growth, technology-enabled companies in ...

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Business & Money | Tuesday 23 April, 2024 8:23 am

Abu Dhabi Securities Exchange (ADX) Signs Memorandum of Understanding with Republican Stock Exchange “Toshkent” (RSE)

Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today that it has signed a memorandum of understanding with the Republican Stock Exchange “Toshkent” (RSE), based in Tashkent, Uzbekistan, to collaborate on a number of key...

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