Business & Money | Saturday 3 February, 2024 5:36 am

EMAAR's partnership with Sharjah Entrepreneurship Festival 2024 unleashes a diverse ecosystem

In a commitment to fuel technological innovation and entrepreneurial advancement, the multinational real estate development company, EMAAR, has announced its partnership with the Sharjah Entrepreneurship Festival (SEF), organised by the Sharjah Entrepreneurship Centre (Sheraa), and taking place...

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Business & Money | Saturday 3 February, 2024 5:26 am

Dubai records over AED11.5 billion in weeklong real estate transactions

A total of 3,677 real estate transactions worth over AED11.5 billion were conducted during the week ending 2nd February, 2024, according to data released by the Dubai Land Department (DLD). The DLD report showed that 192 plots were sold for AED2.61 billion, while 2,699 apartments and villas...

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Business & Money | Saturday 3 February, 2024 4:52 am

SAUDIA intends to provide over 10,000 jobs, localize pilot jobs: Official

SAUDIA has a strategy to provide more than 10,000 specialized quality jobs in the aviation sector over the coming years, said Abdullah AlShahrani, General Manager of Communication and Media Affairs and Spokesperson for the airline.   The jobs include pilots, cabin navigators, and...

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Business & Money | Friday 2 February, 2024 1:26 am

Network International obtains payment licence from Saudi Central Bank (SAMA) to expand merchant acquiring business in KSA

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced that it has obtained a Major Payment Institution (Major PI) licence from the Saudi Central Bank (SAMA) that will strengthen the acquirer’s foothold in the...

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Business & Money | Friday 2 February, 2024 1:25 am

Azizi Developments’ Beach Oasis reaches 11% construction completion

Azizi Developments, a leading private developer in the UAE, has announced the 11% construction completion of Beach Oasis, its vibrant mixed-use community located in one of the emirate’s most dynamic and youthful areas, Dubai Studio City. Beach Oasis is scheduled for handover in Q1...

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Business & Money | Friday 2 February, 2024 1:00 am

Sheikh Saud bin Saqr Al Qasimi witnesses RAKEZ-BCCD MoU

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, welcomed a high-level British delegation to discuss areas of trade and economic cooperation between the emirate and the UK. The delegation comprised officials from the British Embassy, including...

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Business & Money | Thursday 1 February, 2024 12:15 pm

Saudi Ground Services renews SAR 800M contract with Flyadeal

Saudi Ground Services Co.’s (SGS) board of directors decided to renew, on Jan. 31, a three-year contract with Flyadeal Co., at an expected value of SAR 800 million, according to a statement to Tadawul. The contract’s duration extends from Jan. 1 2024 to Dec. 31 2026. The contract includes...

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Business & Money | Thursday 1 February, 2024 12:09 pm

Insurance coverage for new domestic workers comes into effect today

Insurance coverage for new domestic worker contracts will be effective today, Feb.1 and will be applied to workers coming to Saudi Arabia for the first time via the Musaned platform. The insurance coverage for domestic workers’ employment contracts for the...

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Business & Money | Thursday 1 February, 2024 9:56 am

DME Achieves Remarkable Growth in Trading and Physical Delivery Volumes in 2023

Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, recorded an impressive increase in total volume and physical delivery in 2023 compared to last year, cementing its position as the main crude oil benchmark in the East of Suez...

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Business & Money | Thursday 1 February, 2024 9:50 am

Moro Hub Honored with ‘Project of the Year’ Award at Axis Partner Awards

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC) was recognized for its outstanding collaboration and achievements for 2023 by Axis Communications, a global leader in network video solutions. Moro Hub was bestowed with the prestigious...

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