Tourism & Hospitality | Tuesday 16 April, 2024 12:15 pm

Dubai International named world’s busiest international airport for 10th consecutive year

The Airports Council International (ACI) today unveiled the highly anticipated preliminary top 10 busiest airports worldwide for 2023, showcasing significant shifts driven by the resurgence of international air travel, where Dubai International (DXB) retained its title as the world's busiest...

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Business & Money | Tuesday 16 April, 2024 12:10 pm

World Bank raises forecast for UAE's real GDP growth to 3.9% in 2024; 4.1% in 2025

The World Bank has raised its forecast for the UAE's real GDP growth to 3.9% in 2024, compared to its previous forecast in January of 3.7%. In an economic update published today on the latest economic developments in the Middle East and North Africa region, the World Bank said it had raised...

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Business & Money | Tuesday 16 April, 2024 11:50 am

Azizi Developments, MZ Architects partner for Azizi Venice

 Azizi Developments, a leading private developer in the UAE, has announced its partnership with homegrown firm MZ Architects for the concept design of 11 buildings in its approximately AED 30 billion mixed-use development, Azizi Venice, located in Dubai South. Founded in 2002 by visionary ...

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Business & Money | Tuesday 16 April, 2024 11:47 am

ACWA Power receives the first Renminbi (RMB) loan from Bank of China to finance an Uzbekistan solar project

Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, received an equity bridge loan from Bank of China worth $80 million to finance its Tashkent 200MW Solar PV and 500MWh BESS in Uzbekistan. The equity...

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Business & Money | Tuesday 16 April, 2024 11:44 am

Automotive aftermarket sales performance in Saudi Arabia is improving with a market value set to top US$9.4 billion by 2027

Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, will address the ongoing training needs for those within the industry when it returns to the Riyadh International Convention and Exhibition Center (RICEC) from 30 April to 2 May 2024. Taking place on the...

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Business & Money | Tuesday 16 April, 2024 11:37 am

Saudi Investment Recycling Company and SAP extend partnership with new deployment

The Saudi Investment Recycling Company (SIRC), wholly owned by the Public Investment Fund (PIF), has announced the successful deployment of solutions from global technology company SAP that will modernize business processes including procurement infrastructure and employee management. The two...

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Business & Money | Tuesday 16 April, 2024 11:20 am

Alpha Dhabi Holding enters into strategic partnership with ADQ

Alpha Dhabi Holding has announced that it will divest 49% of its subsidiary Alpha Dhabi Construction Holding (ADCH) to ADQ, an Abu Dhabi-based investment and holding company. ADH will retain a 51% shareholding in ADCH, continuing its commitment to the construction sector in strategic...

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Technology & IT | Tuesday 16 April, 2024 10:35 am

Business owners to learn how to protect business against unscrupulous employees

Dubai - Conferences on internal threat protection for business owners and executives, who are willing to quickly and efficiently protect their companies against internal threats will take place on 14th of May in Dubai and on 16th of May in Abu-Dhabi. On average, companies in the Middle East region...

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Business & Money | Tuesday 16 April, 2024 9:48 am

Ladun Investment signs SAR 573M facility with Al Rajhi Bank

Ladun Investment Co.’s board of directors approved signing a Shariah-compliant credit facilities agreement with Al Rajhi Bank to finance the company and affiliated Built Industrial, at a total value of SAR 573 million, according to a statement to Tadawul. The financing facility was obtained...

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Business & Money | Tuesday 16 April, 2024 9:44 am

2P awarded SAR 46M project from Umm Al-Qura University

Perfect Presentation for Commercial Services Co. (2P) was awarded a project for operating the Deanship of Information Technology at Umm Al-Qura University at a total value of SAR 46 million, including value-added tax (VAT), the company said in a statement to...

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