Business & Money | Sunday 12 November, 2023 10:00 am

NADEC signs MoU with Del Monte to establish JV

National Agricultural Development Co. (NADEC) signed, on Nov. 9, a memorandum of understanding (MoU) with Del Monte Saudi Arabia Factory Company Ltd. to establish a strategic joint venture (JV) company specializing in fresh products such as fruits, vegetables, fresh juices, potato processing, and...

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Business & Money | Sunday 12 November, 2023 9:59 am

Retal inks SAR 214 mln contract to build residential units in Jeddah

Retal Urban Development Co. signed on Nov. 9 a contract with its subsidiary, Building Construction Co. (BCC), to develop 352 residential units in Jeddah at SAR 214 million (exclusive of taxes, if applicable). The project will span 100,960 square meters at Sadayem suburb, Jeddah, without any...

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Business & Money | Sunday 12 November, 2023 9:34 am

WETEX and Dubai Solar Show: 25 years in sustainability for a green economy

Held under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and organised by Dubai Electricity and Water Authority (DEWA), the Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show ...

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Business & Money | Sunday 12 November, 2023 9:26 am

ENOC Group kicks-off technical development programme to empower 25 young Emirati talents in the refining sector

ENOC Group, a leading integrated global energy player, today inaugurated a technical development programme in collaboration with Petrofac. Designed to address the skills gap, the programme follows the signing of a strategic agreement between the two entities during Ru’ya Careers...

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Business & Money | Sunday 12 November, 2023 9:22 am

Russian business delegation explores investment opportunities in Ras Al Khaimah

Ras Al Khaimah Economic Zone (RAKEZ) recently welcomed a delegation of distinguished business owners from Russia’s Ural Region, as part of their official visit to Ras Al Khaimah that aimed to explore the diverse investment and business opportunities that the emirate offers.   The...

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Business & Money | Sunday 12 November, 2023 9:17 am

Commercial Relocation Gains Traction in the UAE as Economy Soars

The UAE is witnessing a surge in commercial relocations, buoyed by a robust economy. As per the Central Bank's latest report, the UAE anticipates substantial economic growth, with a projected 4.3% surge in 2024 and a stable 3.9% growth rate for the current year. This economic landscape is...

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Business & Money | Sunday 12 November, 2023 9:15 am

Empowering Tomorrow: Dubai Customs Youth Council Reveals Ambitious 2023-2024 Plan

The Youth Council of Dubai Customs has adopted the strategic plan for 2023-2024, which outlines ambitious goals and innovative ideas aligned with the future directions of the United Arab Emirates. The plan aims to showcase the Emirati model in empowering and enhancing the roles of youth for...

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Business & Money | Sunday 12 November, 2023 9:10 am

GADHA's Continuing Mission Is to Educate and Guide Sustainability Leaders

As the United Arab Emirates nears the culmination of the Year of Sustainability, which has been centered around the theme "Today for Tomorrow," the nation has witnessed many initiatives, events, and activities that have shed light on the UAE's extensive heritage in sustainable practices. These...

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Business & Money | Sunday 12 November, 2023 8:41 am

NEOM opens London office as base for UK and European business, its first international office

NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has opened its first international office in London, United Kingdom (UK), which will serve as a base for NEOM’s business across Europe.    The official opening was led by Prince Khalid bin...

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Business & Money | Saturday 11 November, 2023 4:32 am

DEWA reports record revenue of AED9.4bn in Q3'23

Dubai Electricity and Water Authority PJSC (DEWA) today reported its third quarter 2023 (Q3'23) consolidated financial results, with a record quarterly revenue of AED 9.4 billion, an operating profit of AED AED 3.7 billion, and EBITDA of AED 5.2 billion. For the first nine months, DEWA’s...

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