Business & Money | Tuesday 13 February, 2024 10:07 am

Fraudulent claims affect pricing of insurance policies: Official

Adel Al-Issa, spokesperson for the insurance sector, said that fraudulent claims and operations increase insurance the payments, premiums,  and operating costs incurred by insurance companies.  He told Al-Eqtisadiah newspaper that this matter, in addition to other...

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Government | Monday 12 February, 2024 9:26 am

Maktoum bin Mohammed: Rapid global changes require designing fiscal policies that meet needs of national economies

Today, the UAE Ministry of Finance concluded the Eighth Arab Fiscal Forum, organised in partnership with the Arab Monetary Fund and the International Monetary Fund, which was held on the sidelines of the World Governments Summit 2024 in Dubai, under the theme of “Shaping Future Governments”...

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Business & Money | Monday 12 February, 2024 9:24 am

Dubai Customs sets new record with 17.15mn international visitors in 2023

In 2023, Dubai Customs managed 46,870,957 bags from 206,396 flights, averaging 128,400 bags daily. The focus is on ensuring traveler satisfaction and enhancing their experience. The Passenger Operations Department has over 845 inspection officers supported by 77 baggage inspection devices....

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Government | Monday 12 February, 2024 9:22 am

Egypt keen to develop economic, investment cooperation with UAE: Egyptian Minister of Finance

Dr. Mohamed Maait, Minister of Finance of Egypt, reaffirmed the Egyptian government's keenness to continue developing cooperation ties with the UAE, especially in the fields of taxation, economy, finance, and investment. In statements to the Emirates News Agency (WAM) on the sidelines of the...

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Business & Money | Monday 12 February, 2024 9:20 am

Expo Centre Sharjah, World Trade Centre Istanbul discuss boosting cooperation

The Expo Centre Sharjah (ECS) and the World Trade Centre Istanbul (WTCI) have discussed ways of boosting cooperation and coordination to jointly organise events, conferences, and trade fairs, as well as to share expertise on advancing the exhibition industry. ECS and WTCI probed how to benefit ...

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Business & Money | Monday 12 February, 2024 9:16 am

DEWA stands out as a global benchmark in key performance indicators

Dubai Electricity and Water Authority (DEWA) has become a global benchmark in key performance indicators (KPIs) in its areas of work. In 2023, DEWA received over 100 benchmarking visits by prominent local and international companies and organisations. The visits aimed to learn about DEWA’s...

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Business & Money | Monday 12 February, 2024 9:14 am

IMF Managing Director forecasts higher economic growth for Arab region in 2024

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), highlighted the increasing significance of the Arab region in a rapidly evolving global landscape. She projected that the total GDP growth for the Middle East region would reach 2.9% this year, surpassing the figures...

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Business & Money | Monday 12 February, 2024 9:12 am

stc advances in bidding for Altice's assets in Portugal

stc, along with France’s Iliad SA and others, has progressed in the bidding for Altice's assets in Portugal, Bloomberg reported, citing sources.   Warburg Pincus LLC, a New York-based global private equity firm, has also progressed to the second round of bidding, while several ...

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Business & Money | Monday 12 February, 2024 9:09 am

solutions inks framework deal with Center3 with SAR 150M ceiling

Arabian Internet and Communications Services Co. (solutions) signed, on Feb. 8, a framework agreement with Digital Centers for Data and Telecommunications Co. (Center3) to design and build the infrastructure for POD’s (Data Center Halls) and MMRs (Meet Me Rooms) with a maximum ceiling of SAR 150...

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Business & Money | Monday 12 February, 2024 9:06 am

MIS to expand capacity of 2 data centers in Dammam for SAR 155.4M

Al-Moammar Information Systems Co. (MIS) received new orders to expand the capacity of two data centers in Dammam, which it shares with Saudi Fransi Capital (SFC), for SAR 155.43 million (including VAT).   This is considered the beginning of the second phase to boost the...

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