Business & Money | Wednesday 27 November, 2024 11:00 am

Abu Dhabi Chamber projects UAE food, beverage sector’s revenues to reach AED 141 billion in 2024

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) revealed a 19 percent increase in food and beverage exports from the UAE during the first half of 2024 and projected a surge in the sector’s revenue to reach US$38.3 billion (AED 141 billion), highlighting the success of the food and beverage ...

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Business & Money | Wednesday 27 November, 2024 10:57 am

World Economic Forum lauds Dubai's model in securing emerging technologies

The World Economic Forum (WEF), in a recent study, highlighted the Dubai Electronic Security Center’s (DESC) contributions to Dubai’s leading model in securing emerging technologies, integrating them into the digital infrastructure, and safely deploying them across various economic...

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Business & Money | Wednesday 27 November, 2024 10:55 am

Economy Minister says Vision 2030 maintains strong momentum in 8th year

Saudi Arabia's Minister of Economy and Planning, Faisal Al-Ibrahim, stated that the Kingdom's Vision 2030 is progressing steadily and with high momentum in its eighth year, just as it was in its first year. At the 2025 Budget Forum, Al-Ibrahim emphasized that Saudi Arabia’s overall...

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Business & Money | Wednesday 27 November, 2024 10:51 am

6thStreet leverages Gupshup to achieve 8x Marketing ROI using Conversational Marketing

Regional fashion powerhouse 6thStreet has achieved a significant 5-8x return on ad spend (ROAS) through its partnership with Gupshup, the world’s leading Conversational AI Engagement platform. This underscores the transformative power of personalized, segment-based marketing on rich channels like ...

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Business & Money | Wednesday 27 November, 2024 10:48 am

Sure wins contract from government entity

Sure Global Tech Co. was awarded an 850-day contract to renew licenses and provide technical support for applications for a government entity.  In a statement to Tadawul, the company pointed out that the project's value exceeds 9% of its revenue for the last fiscal year ended...

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Business & Money | Wednesday 27 November, 2024 10:45 am

Allianz SF shareholders approve name change to Mutakamela Insurance

Allianz Saudi Fransi Cooperative Insurance Co.’s (Allianz SF) shareholders approved an amendment to Article 2 of the company’s bylaws, changing the company’s name, during the extraordinary general meeting (EGM), held on Nov. 25. In a statement to Tadawul today, the company said its trade ...

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Business & Money | Wednesday 27 November, 2024 10:40 am

Unemployment among Saudis drop to historical low of 7.1% until Q2 2024

Unemployment among Saudis dropped to a historical low of 7.1% until Q2 2024, nearing the Saudi Vision 2030 target of 7%, Crown Prince Mohammed bin Salman said. Moreover, Saudi women participation rate in the labor market rose to 35.4% by the end of the second quarter, surpassing the Vision...

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Business & Money | Wednesday 27 November, 2024 10:36 am

RAKEZ unveils opportunities in UAE’s thriving construction sector at Big 5 Global

Ras Al Khaimah Economic Zone (RAKEZ) is set to highlight the dynamic growth opportunities in the UAE's construction sector at this year’s Big 5 Global exhibition, taking place at Dubai World Trade Center. RAKEZ Group CEO Ramy Jallad said, “As the UAE’s construction industry continues to...

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Business & Money | Wednesday 27 November, 2024 10:26 am

Bonyan REIT signs 5-year lease contract worth SAR 99.4M

Bonyan REIT signed a five-year lease agreement for the "1991 Center" building, valued at SAR 99.4 million (excluding VAT), according to Saudi Fransi Capital LLC, the fund’s manager. In a statement to Tadawul, the company said the lease will commence on Nov. 26, 2024. The property was fully...

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Business & Money | Wednesday 27 November, 2024 10:24 am

Americana subsidiary, Farm Frites partner on SAR 375M Riyadh French fry plant

The Agricultural Growth and Processing Co., a subsidiary of Americana Holding for Food Ltd, revealed a significant $100 million (SAR 375 million) investment in a frozen French fries manufacturing plant in Sudair City for Industry and Businesses, Riyadh. In a press statement cited by Argaam,...

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