Business & Money | Sunday 23 February, 2025 10:10 am

Deloitte unveils Dubai’s Real Estate Predictions report for 2025, with 2024 figures showing 20% rise in residential sales prices, 19% in rentals

Deloitte, the leading global professional services firm, has released its annual Dubai Real Estate Predictions report for 2025, highlighting another strong year for the real estate market across all sectors. The Emirate’s reputation as a safe-haven for investors remains solid, bolstered by a 5%...

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Technology & IT | Sunday 23 February, 2025 9:39 am

HONOR via Qualcomm’s Sponsorship with Manchester United: Bringing 115 Years of Manchester United History to Life with AI Photo Upscale on Magic7 Pro Powered by Snapdragon 8 Elite Mobile Platform

To commemorate the 115th anniversary of the first game at Old Trafford, HONOR today announced that its new AI photo upscaling feature on the HONOR Magic7 Pro, powered by the Snapdragon® 8 Elite Mobile Platform6, has revitalized iconic historical photographs of Manchester United's legendary...

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Business & Money | Sunday 23 February, 2025 9:17 am

Minister of Commerce approves actual beneficiary rules

Minister of Commerce Majid Al-Kassabi approved the actual beneficiary rules, which will take effect on April 3, 2025, the official gazette Umm Al-Qura reported on Friday. The rules aim to enhance corporate transparency in line with international standards and establish a database for recording ...

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Business & Money | Saturday 22 February, 2025 10:34 am

Saudi Arabia among top attractive destinations for investors: Al-Falih

Saudi Arabia is deemed one of the top ten most attractive destinations for investment and investors worldwide, reflecting the growing confidence of the international community in investment in the Kingdom, said Minister of Investment Khalid Al-Falih.   In a speech at the FII Priority ...

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Business & Money | Saturday 22 February, 2025 10:29 am

PIF does not target annual, quarterly profit; satisfied with ret

Abdulmajeed Alhagbani, Head of Securities Investments, MENA Investments Division, at the Public Investment Fund (PIF), said the Saudi market has a unique advantage, especially for Asian investors.   Assets are priced in riyal, which is pegged to the US dollar, which provides relative ...

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Business & Money | Saturday 22 February, 2025 6:11 am

Saudi Real Estate Refinance Company (SRC) Completes Pricing of its First USD 2 Billion International Sukuk Offering

 The Saudi Real Estate Refinance Company (SRC), a PIF Company, has successfully completed the pricing of its first government-guaranteed international Sukuk, valued at USD 2 billion. The issuance, structured in two tranches with maturities of three and ten years, was oversubscribed 6 times,...

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Business & Money | Friday 21 February, 2025 12:57 am

CONNECT-PS and Al-Haddad Group Forge Strategic Joint Venture in Saudi Arabia

CONNECT-PS, a leading provider of Information Technology solutions and services, announced a groundbreaking joint venture with Al-Haddad Group in Saudi Arabia. This strategic alliance marks a significant milestone in CONNECT-PS’s ambitious growth trajectory and supports its expansion plans in the ...

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Business & Money | Friday 21 February, 2025 12:53 am

DIFC unveils flagship Future of Finance report series, publishes first report on the Global Finance and Investment Outlook

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, in collaboration with its research partner Asia House, reveals the key drivers behind the deep and broad transformation of the global financial services...

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Business & Money | Friday 21 February, 2025 12:41 am

RAKEZ enters strategic partnership with Praxis and Equevu to enhance workplace savings for its business community

Ras Al Khaimah Economic Zone (RAKEZ) has entered into a partnership Praxis, a leader in pension solutions and employer services, and Equevu, a key technology provider specialising in system integrations and secure data management. The collaboration will introduce the Middle East Workplace Savings...

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Business & Money | Friday 21 February, 2025 12:34 am

Alinma Bank launches new platform powered by IBM Hybrid Cloud & AI technology to fuel innovation for Digital Banking

IBM and Alinma Bank announce that Alinma Bank, a leading financial institution in Saudi Arabia, has adopted IBM's advanced hybrid cloud and AI integration technologies. This move aims to enhance Alinma Bank's IT infrastructure and launch a pioneering Application Programming Interface (API)...

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