Business & Money | Tuesday 3 December, 2024 11:01 am

GOSI’s assets exceed SAR 1.2 trln, says Al-Jadaan

Saudi Arabia’s General Organization for Social Insurance (GOSI) has over SAR 1.2 trillion in assets, said Minister of Finance Mohammed Al-Jadaan. Speaking at the Regional Social Security Forum for Asia and the Pacific (RSSF Asia-Pacific), the minister said the merger of the Public...

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Business & Money | Tuesday 3 December, 2024 10:44 am

KnowledgeNet inks deal to sell subsidiary to Saudi Technology Fund for SAR 15.4M

KnowledgeNet Co. signed a contract to sell 100% stake in Financial Technology Solutions (99.99% owned by KnowledgeNet and 0.01% by Knowledge Network for Business Services) to the Saudi Technology Fund for SAR 15.35 million. In a statement to Tadawul, the company said that Financial Technology...

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Business & Money | Tuesday 3 December, 2024 10:01 am

Next Generation of US Business Management from MENA: 'Clemta Intelligence’

Leading digital transformation in the MENA region, Clemta shapes the future of businesses with its AI-powered solution Clemta Intelligence. Dubai — Clemta, a leader in business formation and management solutions for entrepreneurs worldwide, launches Clemta Intelligence, an innovative...

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Business & Money | Monday 2 December, 2024 9:47 am

Global Manufacturing and Industrialisation Summit to take place during Abu Dhabi Business Week

The Global Manufacturing and Industrialisation Summit (GMIS) today announced that the 2024 edition (GMIS 2024) will be organised on 5th December 2024. The event will be hosted alongside the inaugural Abu Dhabi Business Week (ADBW), which is being held under the patronage of H.H. Sheikh Khaled...

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Business & Money | Monday 2 December, 2024 9:44 am

AED6.2 billion in deals concluded as Global Food Week wraps up in Abu Dhabi

Global Food Week witnessed intensive trade activity, with total deals signed over the three days amounting to AED6.2 billion, reflecting a 59% growth compared to the previous edition's AED3.9 billion. Over 1,600 meetings were held between buyers and exhibitors from across the globe, discussing ...

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Business & Money | Monday 2 December, 2024 9:42 am

Mohamed Al Hussaini discusses financial cooperation with Jordan’s Minister of Finance

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met today with Dr. Abdelhakim Shibli, Minister of Finance of the Hashemite Kingdom of Jordan, at the Ministry’s office in Dubai. The meeting focused on exploring ways to enhance cooperation in the financial sector and other...

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Business & Money | Monday 2 December, 2024 9:39 am

UAE first in region to gain observer status in Eurasian Group to Combat Money Laundering and Terrorism Financing

The United Arab Emirates has officially joined the Eurasian Group on Combating Money Laundering and Terrorist Financing (EAG) as an observer, becoming the first country in the region to achieve this status. This move highlights the UAE's commitment to enhancing regional and global cooperation...

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Business & Money | Monday 2 December, 2024 9:36 am

UAE supplies Japan with 47.8% of its oil imports in October 2024

Japan imported 31.80 million barrels of oil from the UAE in October 2024, accounting for 47.8 percent of its total imports for the month, according to data from the Agency for Natural Resources and Energy under Japan’s Ministry of Economy, Trade and Industry. The data shows that Japan’s...

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Business & Money | Monday 2 December, 2024 9:29 am

Dubai set to host 2nd edition of Japan Kyoto Trade Exhibition in February 2025

MAICO Enterprises Inc., a leading Japanese trade organisation, has announced the details of the Japan Kyoto Trade Exhibition 2025, an annual regular trade exhibition in Dubai aimed to strengthen bilateral trade ties between the UAE and Japan, driving economic growth and innovation in the region.The ...

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Business & Money | Monday 2 December, 2024 9:24 am

Alkhorayef Water bags SAR 58.8M contract from Saudi Water Authority

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded on Nov. 28, a 24-month contract to operate and maintain water treatment plants at Wadi ad-Dawasir, Alsalil, Al Safa in Najran, and Alwajid. The contract from Saudi Water Authority (SWA) is valued at SAR 58.8 million, excluding ...

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