Business & Money | Monday 26 February, 2024 8:38 am

WTO Chief Economist hails UAE's commitment to trade liberalisation

Ralph Ossa, Chief Economist at the World Trade Organisation (WTO), has praised the UAE's commitment to trade liberalisation, including development of green and digital trade globally, citing the country's focus on low tariffs, export diversification, and active participation in the multilateral...

More Details

Business & Money | Monday 26 February, 2024 8:29 am

The 2nd edition of Taste New Zealand Week at LuLu Hypermarkets, Saudi Arabia

LuLu Group, the region’s leading retailer, launched Taste New Zealand week, the ‘Made with Care’ government campaign, with an inaugural celebration at LuLu, Diplomatic Quarter, Riyadh on Sunday, the 25th of February. The event, organized in collaboration with New Zealand Trade and...

More Details

Business & Money | Monday 26 February, 2024 8:21 am

PIF plans to issue 7-year USD-denominated sukuk: Report

The Public Investment Fund (PIF) intends to offer a seven-year dollar-denominated sukuk, Reuters reported, citing a document.   The sovereign wealth fund assigned Goldman Sachs, HSBC and Standard Chartered to arrange investor...

More Details

Business & Money | Monday 26 February, 2024 8:14 am

Al-Rumayyan says over 70% of PIF's assets are in Saudi Arabia

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), stated that the fund's assets in Saudi Arabia exceeded 70% of its total assets, while assets abroad accounted for less than 25%.   The PIF aims to bring the value of its assets outside Saudi Arabia to 20–25% of total...

More Details

Business & Money | Sunday 25 February, 2024 11:05 am

“Thakher Development” and “Bank Albilad” Offer a Wide Range of Financing Solutions to Customers

Thakher Development Company, the master developer of the master plan and infrastructure of Thakher Makkah project, has announced a new partnership with “Bank Albilad”, aiming to provide sales finance solutions for customers to invest in the “Radisson Hotel & Residences”. The...

More Details

Business & Money | Sunday 25 February, 2024 10:21 am

International companies from 47 countries to capitalize on lucrative opportunities at Big 5 Construct Saudi

Driven by Vision 2030, the Kingdom of Saudi Arabia is undergoing rapid transformation to place the nation at the forefront of countries globally. Supporting the country’s ambitious plans, Big 5 Construct Saudi, returning for its 12th edition from 26-29 February 2024 at the Riyadh Front...

More Details

Business & Money | Sunday 25 February, 2024 8:51 am

NOV Announces Opening of Regional Headquarters in Dammam, Saudi Arabia

NOV Inc. (NOV), a leading provider of technology and equipment for the global energy industry, announced the establishment of its regional headquarters in Dammam, Saudi Arabia. The regional headquarters further emphasizes NOV's commitment to the region and to delivering exceptional products,...

More Details

Business & Money | Sunday 25 February, 2024 8:48 am

Ajman Department of Finance Attains Two ISO Certifications for Integrated Management Systems and Human Resources

The Ajman Department of Finance has achieved two distinguished ISO certifications: the Integrated Management System Specification PAS99:2012 and the Human Resource Management Specification ISO30405:2023, awarded by the British Standards Institute (BSI). The certification ceremony was graced by HH...

More Details

Business & Money | Sunday 25 February, 2024 8:47 am

du appoints Jasim Al Awadi as the Chief ICT Officer

du, from Emirates Integrated Telecommunication Company (EITC), has appointed Jasim Al Awadhi to lead its ICT unit as the Chief ICT Officer. He will play an important role in supporting du’s customers on their digital transformation journeys by providing end-to-end solutions and services. Al...

More Details

Business & Money | Sunday 25 February, 2024 8:26 am

Abu Dhabi Customs records 72% growth in digital transactions in 2023

The General Administration of Abu Dhabi Customs revealed exceptional results in digital customs transactions through the ports of the Emirate of Abu Dhabi in 2023, recording a growth of 72 percent compared to 2022, achieving a significant increase and the highest rate since the beginning of the...

More Details