Business & Money | Wednesday 29 November, 2023 10:36 am

MBC JOINS THE RED SEA INTERNATIONAL FILM FESTIVAL AS A PRINCIPAL SPONSOR

The Red Sea International Film Festival is proud to announce MBC as its principal sponsor for 2023. MBC Group has been a staunch supporter of the festival since its inception in 2021, marking their third consecutive year of sponsorship. MBC Group is the largest and leading...

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Technology & IT | Wednesday 29 November, 2023 10:03 am

Why AI is Piling Pressure on Creaking IT Infrastructures

It’s been barely a year since the launch of ChatGPT and yet generative AI is now on the lips of most business execs. GenAI has been what Forrester CEO George Colony recently referred to as “the most important technology thunderstorm of the last 40 years,” and tech leaders across the...

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Business & Money | Wednesday 29 November, 2023 9:50 am

ENOC Group honours the nation’s remarkable journey on its 52nd UAE National Day

In celebration of the 52nd UAE National Day, ENOC Group joined the nationwide celebrations with a range of traditional and fun-filled activities held at its head office in Dubai. This year, marking 2023 as the Year of Sustainability, the Group celebrations also included traditional...

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Business & Money | Wednesday 29 November, 2023 9:47 am

Abu Dhabi showcases success of economic diversification at Fortune Global Forum

Abu Dhabi is continuing to show stellar growth proof government initiatives to diversify the economy, boost the private sector and attract more foreign director investment are paying dividends.   Speaking at the Fortune Global Forum Today, His Excellency Ahmed Jasim Al Zaabi,...

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Business & Money | Wednesday 29 November, 2023 9:45 am

ADX launches FTSE Russell ESG Screened Index, ahead of COP28

Abu Dhabi Securities Exchange (ADX), one of the world’s fastest-growing markets, is delighted to announce the launch of its inaugural ESG (Environmental, Social, and Governance) benchmark index. This launch, ahead of COP28, marks a significant step towards advancing sustainable investment...

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Business & Money | Wednesday 29 November, 2023 9:44 am

Dubai Customs Unveils Spectacular Festivities to Mark UAE's 52nd National Day

As part of the festivities marking the 52nd National Day of the United Arab Emirates, Dubai Customs organized a celebration at its main building in honor of this significant national event.  The festivities encompassed diverse activities and contests in the heritage village, traditional...

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Business & Money | Wednesday 29 November, 2023 9:34 am

Kingdom Holding buys Prince Alwaleed’s shares in Citigroup for SAR 1.7B

Kingdom Holding Co. (KHC) acquired the shares owned by Chairman Prince Alwaleed bin Talal in Citigroup for SAR 1.69 billion ($449.57 million).    Accordingly, KHC raised its stake in Citigroup to 2.2% from 1.63%, the company said in a statement to Tadawul, adding that the deal...

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Government | Wednesday 29 November, 2023 9:32 am

Crown Prince promises 'unprecedented' Expo 2030

Crown Prince Mohammed bin Salman extended sincere congratulations to the Custodian of the Two Holy Mosques as Saudi Arabia won the right to host Expo 2030 in Riyadh, the state-run SPA reported.   This followed the announcement of the Bureau International des Expositions (BIE) on...

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Business & Money | Wednesday 29 November, 2023 7:49 am

Multiple New Hedge Funds Establish in DIFC, Reconfirming Dubai’s Position as a Top Global Hub for Industry

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today confirmed that unprecedented numbers of hedge funds continue to set up in the Centre, boosting Dubai’s reputation as the region’s top location for the...

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Government | Wednesday 29 November, 2023 7:37 am

Saudi Arabia revealed as winner of World Expo 2030 bid

Saudi Arabia was revealed today, Nov. 28, by the Bureau International des Expositions (BIE) as the World Expo 2030 host. Riyadh garnered a total of 119 out of 173 votes, or 69% of the total.  South Korea took the second place with 29 votes, while Rome came...

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