Business & Money | Wednesday 26 February, 2025 1:50 pm

Exploring Apartments for Sale in Dubai: Your Ideal Home Awaits in Park Avenue

Dubai's real estate market continues to captivate homebuyers and investors from around the world, offering a diverse range of properties that cater to every taste and need. From modern high-rises in the heart of the city to peaceful retreats in serene communities, Dubai has it all. If you’re on...

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Business & Money | Wednesday 26 February, 2025 11:56 am

SABIC CEO warns of overcapacity challenges in polymer sector

Abdulrahman Al-Fageeh, CEO and Executive Board Member of Saudi Basic Industries Corp. (SABIC), said the easing of monetary policies is aiding the recovery of the petrochemicals sector. However, overcapacity continues to be a challenge, especially in the polymer sector, he added. Ethylene...

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Business & Money | Wednesday 26 February, 2025 11:54 am

FAB End of Service Benefits Funds secure final approval

First Abu Dhabi Bank (FAB) has received final approval from the Ministry of Human Resources and Emiratisation (MOHRE) and the Securities and Commodities Authority (SCA) to launch its FAB End of Service Benefits Funds. Following this milestone, FAB End of Service Benefits Funds are now...

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Business & Money | Wednesday 26 February, 2025 11:50 am

ADQ, Plenary Group establish infrastructure co-development, investment platform

ADQ and Plenary Group, a leading independent investor, developer, and manager of public-private infrastructure projects headquartered in Australia, have announced the establishment of Plenary Middle East, a co-development and investment platform focused on public and social infrastructure...

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Business & Money | Wednesday 26 February, 2025 11:49 am

EDGE fortifies strategic alliance with Italy's ELT Group

EDGE Group has announced that during the Italy-UAE Entrepreneurial Forum, its collaboration with ELT Group was further strengthened through the signing of a Letter of Intent (LOI). The LOI was signed in the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Italian Prime ...

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Business & Money | Wednesday 26 February, 2025 11:46 am

Maktoum bin Mohammed meets with UK’s Economic Secretary to the Treasury

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, today met with Emma Reynolds, the UK’s Economic Secretary to the Treasury. The meeting was held at H.H. Sheikh Maktoum's office. H.H. Sheikh Maktoum said the...

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Business & Money | Wednesday 26 February, 2025 11:44 am

Bisconni Middle East Manufacturing to set up AED110 million factory in KEZAD

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones and Bisconni Middle East Manufacturing today announced the signing of a 50-year land lease agreement for the establishment of their state-of-the-art manufacturing facility in KEZAD...

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Business & Money | Wednesday 26 February, 2025 11:34 am

Dubai DET signs strategic partnership with Amadeus to foster innovation in travel technology

The Dubai Department of Economy and Tourism (DET) has signed a strategic memorandum of understanding (MoU) with Amadeus, a global leader in travel technology, to facilitate a city-wide ecosystem for the rapid prototyping of travel tech solutions, and further enhance Dubai’s capabilities as a...

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Business & Money | Wednesday 26 February, 2025 11:29 am

e& reports AED10.8 billion in net profit in 2024

e& has delivered record financial performance in 2024, reporting a consolidated net profit of AED10.8 billion, an increase of 4.3 percent year-over-year (YoY). This milestone reflects three years of strategic transformation, reinforcing the Group’s position as a global technology group,...

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Business & Money | Wednesday 26 February, 2025 11:27 am

Al Yamamah Steel signs SAR 175M tower supply deal in Western Region

Al Yamamah Steel Industries Co. signed a contract worth SAR 174.91 million today, Feb. 25, with Hyundai Engineering & Construction Co.’s branch to supply steel towers for a 380 kV ultra-high voltage transmission line project in the Western Region. The contract has a...

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