Business & Money | Thursday 11 July, 2024 8:32 am

RAKBANK to Transform AI Applications in Banking Operations supported by Microsoft

RAKBANK and Microsoft, as part of their ongoing collaboration, will be leveraging the power of artificial intelligence (AI) to transform various facets of operations at the bank. The intent was formalized through a memorandum of understanding (MoU) signed by Raheel Ahmed, Group CEO of RAKBANK, and...

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Business & Money | Thursday 11 July, 2024 8:24 am

UAE shows economic stability despite potential impact of Fed Rate decisions and upcoming U.S. elections

Despite an air of uncertainty stemming from the US Presidential Elections and recent U.S. economic indicators demonstrating a decline in leading economic activity metrics, the UAE economy has been holding up with the latest CPI year-over-year figure decreasing from a six-month high of 3.91% to...

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Business & Money | Thursday 11 July, 2024 7:34 am

NWC starts implementing 12 water and sanitation projects in Hail

The National Water Company (NWC), represented by its Northern Cluster, has started the implementation of 12 water and environmental projects in various parts of the Hail region. The total cost amounts to more than 531 million Saudi Riyals to increase the coverage of water and environmental...

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Business & Money | Wednesday 10 July, 2024 8:18 am

Avalon Pharma obtains SAR 70M credit facilities from Emirates NBD

Middle East Pharmaceutical Industries Co.  (Avalon Pharma) secured SAR 70 million Shariah-compliant credit facilities from Emirates NBD to finance its operations, according to a statement to Tadawul. The facilities’ tenor will extend for one year. A promissory note for the...

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Business & Money | Wednesday 10 July, 2024 8:05 am

Dell Technologies, Aramco, and National IT Academy Collaborate to upskill local talent in science and technology

In a collaborative effort to empower Saudi Arabia’s local talent with advanced science and technology skills, Dell Technologies, Aramco, and the National IT Academy (NITA) have signed a collaboration agreement. The collaboration aims to provide Saudi students with advanced training programs and...

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Business & Money | Wednesday 10 July, 2024 7:50 am

Department of Community Development - Abu Dhabi Launches Emirati Family Growth Support Programme

The Department of Community Development - Abu Dhabi, the regulatory body of the social sector in the emirate, has launched its programme to support the growth of the Emirati family, which was approved by the Abu Dhabi Executive Council, headed by His Highness Sheikh Khaled bin Mohamed bin Zayed Al...

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Business & Money | Wednesday 10 July, 2024 7:44 am

Al Othaim renews 2 contracts worth SAR 423M with GOSI

Abdullah Al Othaim Markets Co. (Al Othaim) signed two contracts worth SAR 422.71 million with the General Organization for Social Insurance (GOSI) to renew lease agreements for the latter’s two properties in Dammam. In two separate statements to Tadawul, the company said these contracts...

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Business & Money | Wednesday 10 July, 2024 7:02 am

Knight Frank MENA Strengthens Research Team with New Chief Economist, Dr Christopher Payne.

Knight Frank, a global leader in real estate consultancy, is proud to announce the appointment of Dr Christopher Payne as Chief Economist. Payne brings with him 30 years of expertise in economic analysis, real estate, and financial markets, further strengthening Knight Frank MENA's commitment to...

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Business & Money | Wednesday 10 July, 2024 6:59 am

Najm Launches Advanced Telematics Initiative to Improve Safe Driving in Saudi Arabia

Najm for Insurance Services Company (Najm) today announced that it has launched a new telematics initiative to improve road safety in Saudi Arabia. The initiative, powered by advanced mobility analytics technologies, encourages safer driving practices. Najm has partnered with Cambridge Mobile...

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Business & Money | Wednesday 10 July, 2024 6:34 am

ADX welcomes listing of Lunate Capital LLC’s Chimera JP Morgan Global Sukuk ETF

Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today the listing of the Chimera JP Global Sukuk ETF. This new ETF offers investors access to a diversified portfolio of liquid, USD-denominated, investment-grade Sukuks from sovereign,...

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