Business & Money | Tuesday 16 January, 2024 7:56 am

98,500 households move to first homes in 2023: Sakani

Sakani Program announced that 101,230 families benefited from the program during the year 2023, while the total number of households that moved to their first homes has reached 98,480 during the same period.   In a statement, Sakani added that the number of families that received...

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Business & Money | Tuesday 16 January, 2024 7:21 am

SCCI Chairman, Türkiye's Consul-General discuss furthering economic cooperation, trade ties

The Sharjah Chamber of Commerce and Industry (SCCI) held talks with the Consulate General of Türkiye in Dubai and the Northern Emirates to expand cooperation and advance trade and investment ties between the Sharjah and Türkiye business communities. These efforts are built on the robust...

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Business & Money | Tuesday 16 January, 2024 7:07 am

S&P projects UAE's GDP to grow over 5% in 2024

The UAE’s GDP is expected to expand by over 5 percent in 2024, exceeding the 2.8 percent growth expected for the global economy, according to Standard and Poor's Global Ratings projections. Tatiana Leskova, Associate Director of Corporate Ratings at Standard and Poor's Global Ratings, told...

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Business & Money | Monday 15 January, 2024 3:45 pm

Azizi Developments’ Amber in Al Furjan reaches 60% completion milestone

Azizi Developments, a leading private developer in the UAE, has announced the 60% construction completion of Amber, its premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan.  Amber comprises a mix of studios, one-, two- and three-bedroom residences, and is due...

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Business & Money | Monday 15 January, 2024 3:44 pm

Department of Community Development in Abu Dhabi and ADNOC Agree to Promote Community and Employee Wellbeing

The Department of Community Development (DCD) in Abu Dhabi and ADNOC have signed a memorandum of understanding (MoU) aimed at promoting collaboration and informing social and academic research to improve the quality of life of their employees and advance social wellbeing in the community. The...

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Business & Money | Monday 15 January, 2024 2:33 pm

tiqmo signs agreement to exclusively launch Mastercard prepaid cards through its mobile application in Saudi Arabia.

tiqmo, a leading innovative fintech application licensed by the Saudi Central Bank (SAMA), has signed an exclusive issuing partnership agreement with Mastercard to issue prepaid cards in the Kingdom of Saudi Arabia.  Using Mastercard’s diverse range of solutions, including the...

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Business & Money | Monday 15 January, 2024 2:15 pm

Growing positive sentiment towards Saudi retail banks according to new PwC Middle East and DataEQ report

A comprehensive analysis of leading retail banks in Saudi Arabia shows that while there is a growing positive sentiment towards the banking industry, lingering challenges continue to affect the overall consumer perception and reputation of financial institutions.In its first joint KSA Banking...

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Business & Money | Monday 15 January, 2024 1:40 pm

Ladun unit wins SAR 348.5M contract from Presidency of State Security

Ladun Investment Co.’s subsidiary, Built Industrial Co., was awarded a SAR 348.5 million contract (VAT inclusive) by Presidency of State Security to implement architectural, electrical and mechanical works for a building at the Naif Security Complex in Riyadh.   According to a...

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Business & Money | Monday 15 January, 2024 1:39 pm

Saudi growth sources changing as private sector focuses on diversification: Alibrahim

The sustained growth in the Saudi economy in 2023 is due to the implementation of diverse programs aligned with Vision 2030, Minister of Economy and Planning Faisal Alibrahim said.    The sources of growth in Saudi Arabia are undergoing a transformation, he...

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Business & Money | Sunday 14 January, 2024 2:15 pm

ROSHN targets 60% local content in construction: CEO

ROSHN Real Estate Co. is aiming to increase the company's reliance on Saudi's local market for construction to 60%, CEO David Grover said in a statement to Al Arabiya.   He added that developers are securing materials like cement, aluminum, and iron domestically and internationally,...

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