Business & Money | Tuesday 10 December, 2024 10:20 am

Sharjah Shopping Promotions 2024 begins with massive discounts, entertainment festivities

The Sharjah Chamber of Commerce and Industry (SCCI) launched yesterday, Sunday, Sharjah Shopping Promotions 2024, a flagship annual retail event on the Chamber’s agenda, with festivities across the emirate’s regions and cities running until 19th January 2025. Designed to solidify...

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Business & Money | Tuesday 10 December, 2024 10:19 am

SAIF Zone showcases key investment advantages, opportunities in gold sector at Mines and Money London

The Sharjah Airport International Free Zone Authority (SAIF Zone) has successfully concluded its participation in Mines and Money, Europe's largest mining event, which took place in London, UK. The event brought together over 2,000 participants from more than 100 countries, including top-tier...

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Business & Money | Tuesday 10 December, 2024 10:16 am

AIM Congress a prominent global platform to shape future of global investment: Thani Al Zeyoudi

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and President of AIM Congress, affirmed that hosting the AIM Congress in Abu Dhabi reinforces the UAE’s position as a global destination for foreign direct investment (FDI) inflows, an international hub for trade and business,...

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Business & Money | Tuesday 10 December, 2024 10:13 am

Establishing General Secretariat as executive body for 'National Anti-Money Laundering Committee'

In accordance with the Federal Decree by Law No.7 of 2024 that stated the creation of the General Secretariat of the National Anti-Money Laundering and Combatting Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC), the administrative regulation is adopted for General ...

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Business & Money | Tuesday 10 December, 2024 10:12 am

SAMA announces launch of Samsung Pay in Saudi Arabia

The Saudi Central Bank (SAMA) has announced the launch of mobile payment service Samsung Pay in Saudi Arabia, to be carried out through the national payment system, Mada. In a statement picked up Argaam, SAMA noted that this move aligns with Saudi Vision 2030. It is also part of its ongoing...

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Business & Money | Tuesday 10 December, 2024 9:59 am

Dar Global, Trump Organization launch 2 projects in Riyadh

London-listed Dar Global Co., the international development arm of Dar Alarkan Real Estate Development Co., and Trump Organization have jointly launched two projects in Riyadh. In a statement to Argaam, the company said the projects target Saudi Arabia’s luxury market and international...

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Business & Money | Tuesday 10 December, 2024 9:48 am

Riyadh Development signs SAR 227M partnership deal to develop logistics complex in Riyadh

Riyadh Development Co. (ARDCO) signed today, Dec. 9, a strategic partnership agreement to develop a logistics complex project in Riyadh with Agility Logistics Parks for SAR 227 million. In a statement to Tadawul, the company said the contract entails developing the 97,904-square-meter...

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Business & Money | Tuesday 10 December, 2024 9:42 am

Saudi Networkers renews SAR 55.2M credit facilities with BSF

Saudi Networkers Services Co. renewed, on Dec. 9, a Shariah-compliant credit facilities agreement worth SAR 55.2 million with Banque Saudi Fransi (BSF). In a statement to Tadawul, the company said the funding period was extended until Oct. 15, 2025, and the credit will be used to...

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Business & Money | Tuesday 10 December, 2024 9:38 am

Riyadh Metro project costs $25B: Minister

Ibrahim Al-Sultan, Minister of State, Member of the Council of Ministers, and CEO of the Royal Commission for Riyadh City (RCRC), said the total cost of the Riyadh Metro project amounted to $25 billion, Rotana Khalejia reported. He added that the cost per kilometer of the project reached $166...

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Business & Money | Tuesday 10 December, 2024 9:34 am

DIFC consolidates position as UAE’s top destination for Chinese financial institutions and multinational companies

 Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has strengthened its position as a strategic gateway to the region, for Chinese financial institutions and multinational firms. Chinese firms are using DIFC...

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