Business & Money | Monday 21 August, 2023 10:18 am

du unveils ‘Envision’: An exclusive ICT event platform, paving the way for a better future

du, from Emirates Integrated Telecommunications Company (EITC), is set to host ‘Envision’, an exclusive event showcasing the latest ICT solutions that are revolutionising the future of work. Under the patronage of the UAE’s Ministry of Industry and Advanced Technology (MoIAT), the event...

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Business & Money | Monday 21 August, 2023 9:55 am

NKK Investments and UrbanKisaan collaborate to transform agriculture in Oman, UAE & Saudi

Nailesh Kanaksi Khimji (NKK) Investments, a visionary company in the AgriTech, Green Hydrogen, and Sustainability sectors, has announced a strategic partnership with UrbanKisaan, an acclaimed Agri-tech startup from United States, with its research center in India. This alliance is set to transform...

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Business & Money | Monday 21 August, 2023 9:45 am

KAFD CEO says 95 buildings complete, 3 hotels to open by 2024

King Abdullah Financial District (KAFD) completed the construction of 95 buildings spanning 1.6 million square meters (sqm), CNBC Arabia reported, citing CEO Gautam Sashittal.   Most of these buildings were completed and delivered to tenants, Sashittal said, adding that KAFD...

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Business & Money | Monday 21 August, 2023 9:43 am

Electrical Industries signs SAR 20.6 mln deal with related party to supply transformers

Electrical Industries Co. (EIC) stated that its subsidiary, Saudi Power Transformers Co. Ltd. (SPTC), signed on Aug. 20 a contract with Al Toukhi Company for Industry, Trading & Contracting (a related party) to design, manufacture and supply transformers. According to a statement on...

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Business & Money | Monday 21 August, 2023 9:39 am

Al Arabia gets GAC nod to buy Faden Media for SAR 1.05 bln

Arabian Contracting Services Co. (Al Arabia) obtained on Aug. 20 a conditional approval from the General Authority for Competition (GAC) to acquire 100% of Faden Media. The deal is subject to other customary conditions, which are in the process of being fulfilled, in accordance with the terms...

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Business & Money | Monday 21 August, 2023 9:32 am

Majid Al Futtaim Announces Half Year Financial Results Robust Numbers Highlight Solid Revenue and Profit Growth

Majid Al Futtaim (“the Group”), the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Central Asia, today announced its operational and financial results for the period ending June 30, 2023. During the first half of the year, Majid Al...

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Business & Money | Sunday 20 August, 2023 11:55 am

DP World teams up with Dubai Cares to get 7,000 children ready for school

As part of Dubai Cares’ “Back to School” edition of the Volunteer Emirates initiative, hundreds of volunteers came together on the World Humanitarian Day on 19th August 2023 to support children in need across the country by packing 7,000 school kits ahead of the beginning of the new academic...

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Business & Money | Sunday 20 August, 2023 10:28 am

Emirati investments in Ethiopia totalled US$2.9 billion at end of 2022: Thani Al Zeyoudi

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE’s leadership had directed the country to strengthen its relations with African nations, especially Ethiopia.Ethiopia is the second-largest country in Africa by population, with over 120 million people, and is a ...

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Business & Money | Sunday 20 August, 2023 10:14 am

Sulaiman Al-Habib says fire erupts at hospital under construction in Riyadh

Dr. Sulaiman Al-Habib Medical Services Group said a fire broke out in the hospital of Shamal Al Riyadh for Healthcare Co., a 100%-owned subsidiary, on Aug. 17 evening.   The project, located on Anas Ibn Malik Road in Al Riyadh city, is under construction, the company said in a...

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Business & Money | Sunday 20 August, 2023 10:06 am

Digital Transformation Summit, Saudi Arabia On 23rd and 24th of August

At the core of Saudi Arabia's progressive trajectory lies its visionary initiative, Vision 2030, set in motion in 2016. This transformative roadmap envisions a digitally advanced nation, leveraging technology as a catalyst for sustainable economic growth and an elevated quality of...

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