Business & Money | Monday 29 July, 2024 11:28 am

81% of MENA professionals highly engaged in the workplace, highlighting opportunities for enhanced loyalty

The latest Employee Loyalty in the MENA survey by Bayt.com, the Middle East's leading jobsite, and YouGov investigates the driving factors that contribute employees’ loyalty to their organizations, identifying actions that could enhance loyalty and recognizing the elements that could potentially...

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Business & Money | Monday 29 July, 2024 10:57 am

EWEC issues Request for Proposals to develop Madinat Zayed IPP project

Emirates Water and Electricity Company (EWEC) today issued a Request for Proposals (RFP) for the development of the Madinat Zayed Independent Power Producer (IPP) project. The project includes a new Open-Cycle Gas Turbine (OCGT) plant located in the Madinat Zayed area, approximately 120...

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Business & Money | Monday 29 July, 2024 10:55 am

MAINTCON 2024: Pioneering Excellence in Maintenance, Reliability, and Asset Management

The Gulf Society for Maintenance & Reliability (GSMR) and the Bahrain Society of Engineers (BSE) are thrilled to announce the 7th International Maintenance, Reliability, and Asset Management Conference - MAINTCON 2024.  The event will commence on 13 October 2024 for four days at the...

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Business & Money | Sunday 28 July, 2024 10:04 am

Bank of Sharjah achieves net profit of AED 171 million in H1 2024

Bank of Sharjah announces its results for the period ended 30th June 2024, demonstrating a robust performance, continuing the strong momentum from the start of the year. The Bank’s net profit increased to AED 171 million from a loss of AED 144 million for the same period last year, driven by ...

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Business & Money | Sunday 28 July, 2024 9:45 am

UAE, Morocco finalise terms of Comprehensive Economic Partnership Agreement

The United Arab Emirates and the Kingdom of Morocco have finalised the terms of a Comprehensive Economic Partnership Agreement (CEPA) that will launch a new chapter of mutually beneficial trade and investment ties between the two countries. The conclusion of negotiations was confirmed by the...

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Business & Money | Sunday 28 July, 2024 9:27 am

Introducing Easy Mall Navigation: Al-Futtaim Real Estate Launches First AI-Powered Store Locator

Say “Hello” to effortless mall navigation with the newly launched AI-driven “store locator” feature, accessible via the Blue Rewards app. This cutting-edge technology makes finding any store in Dubai Festival City Mall and Dubai Festival Plaza a breeze. Instead of waiting in line at...

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Business & Money | Sunday 28 July, 2024 9:08 am

UAE, China explore strengthening collaboration in industry and energy for sustainable economic development

His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, held bilateral meetings with government officials and CEOs of Chinese companies during a visit to the People’s Republic of China. His visit builds on the industry and...

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Business & Money | Saturday 27 July, 2024 6:31 am

Dr Thani Al Zeyoudi joins BRICS trade ministers to call for greater cooperation

During the 14th BRICS Trade Ministers Meeting, attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, the UAE renewed the call for enhanced trade cooperation among member nations and firm opposition to stimulate the flow goods and services around the world. It is the...

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Business & Money | Saturday 27 July, 2024 6:29 am

China's Baosteel doubles investment in steel plates in Saudi Arabia to $1B

China's biggest listed steelmaker, Baoshan Iron and Steel Co. (Baosteel) has doubled its investment in the steel plate manufacturing complex in Saudi Arabia to reach $1 billion.  According to Bloomberg, the company announced that it will own a 50% stake in the joint venture. Saudi...

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Business & Money | Saturday 27 July, 2024 6:26 am

SABIC to disclose Q2 2024 earnings in press conference on Aug. 1

Saudi Basic Industries Corp. (SABIC) will hold a press conference on Aug. 1 to discuss the company’s Q2 2024 performance and financial results.   According to consensus estimates, SABIC is forecast to record a net profit of SAR 759.61 million in Q2 2024, compared to SAR 1.2 billion ...

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