Business & Money | Saturday 24 August, 2024 3:15 pm

REGA investigates real estate broker over involvement in fraud

Tayseer Al-Mufarrej, Spokesperson for the Real Estate General Authority (REGA), said that a well-known real estate broker was investigated over involvement in fraud.   Al-Mufarrej explained on X that the broker was a victim to a scammer, who claimed to be the owner of a property with ...

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Business & Money | Saturday 24 August, 2024 3:04 pm

MultiBank Group Reports Record-Breaking $306 Million Revenue in 2023, Marking a 10% Year-on-Year Growth

MultiBank Group, one of the world's largest financial derivatives institutions headquartered in Dubai, announces its most successful financial year to date, with an impressive revenue of $306,636,717 in 2023.  Based on the latest audited financial statements, MultiBank Group achieved a...

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Business & Money | Saturday 24 August, 2024 3:03 pm

Saudi Real Estate Refinance Company" and "King Street" sign a MoU to explore new solutions in the secondary real estate financing market

The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) Company, signed a  Memorandum of Understanding (MoU) today, Wednesday, in New York City with King Street Capital Management. The agreement aims to foster cooperation and strategic partnership between the two parties...

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Business & Money | Saturday 24 August, 2024 2:26 pm

DATA CENTER XPO SAUDI ARABIA 2024: Where Data Drives Innovation Physical conference on September 3rd-4th in Riyadh, Saudi Arabia, at Voca.

Saudi Arabia has navigated significant challenges in developing its data center infrastructure and 5G networks. Initially, the country faced hurdles such as high costs, regulatory barriers, and the need for substantial technological upgrades. However, through strategic investments and partnerships...

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Business & Money | Friday 23 August, 2024 10:38 am

SIF 2024 opens registration for 'Investors’ Lounge' to build business-investor partnerships

The Sharjah FDI Office (Invest in Sharjah) has officially opened registration for their “Investors’ Lounge”, a premier feature of the 7th Sharjah Investment Forum (SIF) scheduled for 18-19 September at the Jawaher Reception and Convention Centre. This exclusive initiative is designed to...

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Business & Money | Friday 23 August, 2024 10:35 am

Saudi Arabia’s non-oil exports up by 10.5% in Q2 2024

Saudi Arabia's non-oil exports increased by 10.5 per cent during the second quarter of 2024, compared to the second quarter of 2023, the General Authority for Statistics (GAS) announced. The International Trade Bulletin for the second quarter of 2024, according to the Saudi Press Agency (SPA), ...

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Business & Money | Friday 23 August, 2024 10:34 am

Invest Bank partners with Network International to enhance its digital payments offering

Network International, a digital payments company, and Sharjah-based Invest Bank have joined hands to extend Network’s digital payment services to the bank’s corporate customers. The collaboration will enable Invest Bank to extend Network’s merchant acquiring, card acceptance and...

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Business & Money | Friday 23 August, 2024 10:32 am

DEWA’s R&D Centre develops digital first approach for condition assessment of critical assets

Dubai Electricity and Water Authority (DEWA)’s Research and Development (R&D) Centre has developed a digital-first approach to assess the condition of critical assets, such as power transformers and overhead lines (OHL). The deployed approach does not require sensors on site or...

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Business & Money | Friday 23 August, 2024 10:30 am

UAE economy thrives on favourable investment environment, Ambassador tells Dubai Business Forum – China

Hussain bin Ibrahim Al Hammadi, the UAE Ambassador to the People's Republic of China, has said that the UAE is China's leading non-oil trading partner in the Middle East and North Africa, with bilateral trade reaching $80.6 billion in 2023. “Since diplomatic relations began in 1984, non-oil...

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Business & Money | Friday 23 August, 2024 10:28 am

UAE joins final UN Secretary-General’s Critical Energy Transition Minerals panel in Kenya

Abdulla Balalaa, Assistant Minister of Foreign Affairs for Energy and Sustainability, participated at the United Nation’s Critical Energy Transition Minerals (CETM) Panel held in Nairobi, Kenya, alongside government representatives, experts, and organisations. The UN CETM Panel exchanged...

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