Business & Money | Wednesday 5 March, 2025 11:24 am

ACCA Report: Accountants' role in AI adoption extends beyond traditional financial controls, professional judgement critical

Findings from the latest in ACCA’s series of AI Monitor reports, Risk and Responsibility, underscore the vital role of professional judgement in ensuring the successful adoption of artificial intelligence (AI). As organisations in the Middle East accelerate AI integration, accounting...

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Business & Money | Wednesday 5 March, 2025 8:00 am

Almuneef buys land in Al-Kharj for SAR 8.7M

Almuneef Company for Trade, Industry, Agriculture and Contracting purchased an 8,144.53-square-meter land plot in Al-Rifayah district, Al-Kharj governorate, for SAR 8.7 million, excluding real estate transaction tax and brokerage fees, as part of its expansion strategy. The self-financed deal...

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Business & Money | Wednesday 5 March, 2025 8:00 am

FHS Saudi Arabia launches NextGen Investment Forum to help deliver KSA’s future leaders in hospitality

The Future Hospitality Summit Saudi Arabia, taking place in Riyadh, 11-13 May, will host the region’s first NextGen Investment Forum to address the challenges – and opportunities – surrounding education, training and talent retention in KSA’s growing hospitality sectors. Investing in...

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Business & Money | Wednesday 5 March, 2025 8:00 am

SGS wins SAR 500M ground-handling contract from Riyadh Air

Saudi Ground Services Co. (SGS) won a bid from Riyadh Air to provide ground-handling services for three years, starting from March 1, 2025, subject to extension for an additional two years. Under the SAR 500 million contract, SGS will provide ground-handling services for all Riyadh Air...

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Business & Money | Wednesday 5 March, 2025 8:00 am

SAR 8.5B deals signed with private sector for Jubail-Buraydah IWTP

Abdulrahman Al-Fadhli, Minister of Environment, Water and Agriculture and Chairman of Saudi Water Partnership Co. (SWPC), signed today, March 4, several agreements for the construction of the Jubail-Buraydah independent water transmission pipeline (IWTP) project with a consortium of Aljomaih Energy ...

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Business & Money | Wednesday 5 March, 2025 8:00 am

AD Ports Group prepares to receive Panamax cranes for new terminal in Egypt

AD Ports Group today announced it was preparing to receive three new state-of-the-art Panamax cranes from Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC), ordered for the Group's new multipurpose cargo terminal in Safaga, Egypt, which is expected to be operational in the second half of...

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Business & Money | Wednesday 5 March, 2025 8:00 am

EDGE, MEXT collaborate to drive innovation, capability development

EDGE Group’s Learning and Innovation Factory (LIF) and MEXT, one of the world’s most comprehensive digital, green transformation and capability-building centres, have signed a Memorandum of Understanding (MoU) to enhance workforce development, digital transformation, and innovation across the...

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Business & Money | Wednesday 5 March, 2025 8:00 am

Ministry of Finance, Abu Dhabi University cooperate in developing research, training

The Ministry of Finance (MoF) has signed a Memorandum of Understanding (MoU) with Abu Dhabi University (ADU) as part of its efforts to enhance collaboration with leading academic institutions. The MoU aims to strengthen cooperation in areas such as research, studies, training, and career...

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Business & Money | Wednesday 5 March, 2025 8:00 am

Khalifa Fund for Enterprise Development offers new financial package for entrepreneurs

The Khalifa Fund for Enterprise Development (KFED) announced the continuation of its existing funding programmes by offering new financial package to support Emirati entrepreneurs with both emerging and established projects in Abu Dhabi’s priority sectors. KFED continues to accept...

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Business & Money | Wednesday 5 March, 2025 8:00 am

du climbs to 20th strongest telco brand globally with brand value surging to $3 billion

 du, the leading telecom and digital services provider, today announced that its brand value has impressively climbed to USD 3.037 billion, up from USD 2.475 billion in the previous year, positioning the brand as the 20th strongest in the global telco 150 ranking, a remarkable leap from its...

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