Business & Money | Friday 16 February, 2024 3:12 am

Industrial sector's local content to rise in 2024: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said that the percentage of local content in the Saudi industrial sector is expected to soar in 2024, as the level of demand with major companies of the Public Investment Fund (PIF) and mega projects, including ROSHN, Qiddiya and The Red...

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Business & Money | Friday 16 February, 2024 2:28 am

SALAMA records full-year revenue of AED 1.11 billion; achieves 20% revenue growth in 2023

Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its preliminary results for the 2023 fiscal year. The company recorded insurance revenue of AED 1.11 billion in 2023, an increase by 20% from fiscal year 2022.  Total assets registered an increase at AED 3.70 billion ...

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Healthcare | Friday 16 February, 2024 1:57 am

King Faisal Specialist Hospital & Research Centre Holds Firm as Global and Regional Healthcare Leader

King Faisal Specialist Hospital & Research Centre (KFSH&RC) has once again secured its position for the second consecutive year as a global leader in healthcare and number one in the Middle East and Africa, ranking 20th globally among the leading healthcare institutions in the Brand...

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Business & Money | Friday 16 February, 2024 1:39 am

MAG GROUP HOLDING RECORDS OVER AED 12.6 BILLION SALES IN 2023

MAG Group Holding, the multinational conglomerate incorporating different companies across diverse sectors, announced the recording of AED 12.6 billion in sales for 2023 across its different real estate subsidiaries.Sales at the innovative Keturah brand, founded last year, reached AED 2.5...

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Business & Money | Friday 16 February, 2024 1:30 am

TENARIS RENEWS COMMITMENT TO UAE, UNVEILING ITS INDUSTRIAL COMPLEX IN ABU DHABI

Tenaris, a leading global steel pipe manufacturer and supplier, inaugurated its new Abu Dhabi industrial complex, Etihad Tubulars, with a 60 million USD investment. This industrial complex underscores the robustness of the company’s longstanding partnership with ADNOC and reaffirms its...

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Tourism & Hospitality | Friday 16 February, 2024 1:09 am

Hajj Minister announces facilities to increase UAE Umrah visitors

Minister of Hajj and Umrah Tawfig Al-Rabiah announced a number of facilities to boost the number of Hajj and Umrah visitors from the United Arab Emirates (UAE). Al-Rabiah stated the UAE residents could now use a multi-entry electronic visa for Umrah, allowing a 90-day stay in the Kingdom...

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Beauty & Style | Friday 16 February, 2024 1:07 am

Real Estate Contributions Law supports financing sector projects, increasing supply: REGA CEO

One of the most important objectives of the Real Estate Contributions Law is to provide financing for real estate development projects that will reflect positively on increasing the sector’s supply and meeting its needs, the Real Estate General Authority’s (REGA) CEO Abdullah Alhammad told...

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Technology & IT | Friday 16 February, 2024 12:45 am

Serbia Signs with UAE’s ATRC to Encourage Use of Falcon AI Models at WGS 2024

Abu Dhabi’s Advanced Technology Research Council (ATRC), signed a Memorandum of Understanding (MoU) with the Ministry of Information and Telecommunications of the Republic of Serbia, and the Institute for Artificial Intelligence Research and Development of Serbia. This landmark collaboration aims ...

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Business & Money | Friday 16 February, 2024 12:31 am

Shaker, LG and the Ministry of Investment of Saudi Arabia (MISA) Sign an MOU

Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced the signing of an MoU with LG Electronics (LG) and the Ministry of Investment of Saudi Arabia (MISA) to manufacture AC...

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Technology & IT | Friday 16 February, 2024 12:25 am

FinServ Forecast 2024: 12 technology and trend predictions

As in other industries, the explosion of generative AI has forced the financial services sector to quickly adapt while riding a wave of regulatory and ethical questions. How will banks, insurers and other financial firms balance the risks and rewards of GenAI and other transformative tech ...

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