Business & Money | Thursday 27 July, 2023 8:37 am

Fed hikes interest rate to highest since 2001

The Federal Reserve raised interest rates by 25 basis points (bps), as widely expected, to the highest level in 22 years.   The Federal Reserve lifted its key interest rate at the range of 5.25% and 5.50%, the Federal Open Market Committee (FOMC) said in its policy...

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Business & Money | Thursday 27 July, 2023 4:04 am

Uber study reveals insights from female drivers in Saudi Arabia with financial independence

Following a survey shared by Uber among female drivers in Saudi Arabia and Egypt, data found sees an optimistic outcome of female empowerment in the Kingdom, with more than 76% of the participants citing financial independence as the reason they drive using Uber. More than 56% of the participants...

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Business & Money | Wednesday 26 July, 2023 11:14 am

Saudi Arabia boards show a preference for experienced directors with CEO backgrounds to power Vision 2030

Heidrick & Struggles today launched the second Board Monitor report in Saudi Arabia. With Vision 2030 driving accelerated growth for companies in the country, the composition of Saudi boards is evolving to meet the demands of this era of innovation, diversification and growth.   50...

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Business & Money | Wednesday 26 July, 2023 9:30 am

SAMA permits Tabby to provide BNPL solutions

The Saudi Central Bank (SAMA) gave the green light for Tabby to provide buy now pay later (BNPL) solutions. With Tabby, there are now five authorized companies offering BNPL solutions in Saudi Arabia, according to SAMA website. The BNPL solutions provide finance to customers wishing to...

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Business & Money | Wednesday 26 July, 2023 9:20 am

Emirates Integrated Telecommunications Company PJSC Reports its Q2 2023 Results

Emirates Integrated Telecommunications Company PJSC (“EITC”) announced its financial results for the quarter-ended 30 June 2023. On the back of strong demand for postpaid mobile and fixed services, service revenues grew by 8.9% supporting the growth of total quarterly revenue to reach AED 3.35...

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Business & Money | Wednesday 26 July, 2023 9:14 am

Azizi Developments’ Pearl achieves 31% construction milestone

Azizi Developments, a leading private developer in the UAE, has announced that Pearl, its recently launched development in Dubai’s growth corridor, Al Furjan, has reached 31% construction completion.  Since its launch just five months ago in February, the developer has already sold 70% of...

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Business & Money | Wednesday 26 July, 2023 9:11 am

81% of UAE professionals would leave their current company for better training opportunities

Bayt.com, the Middle East’s #1 job site, in partnership with YouGov, a market research agency, released the latest findings of its Career Development in the MENA 2023 survey. The survey offers valuable insights into the current state and future expectations of career development in ...

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Business & Money | Wednesday 26 July, 2023 8:56 am

Ajman Tourism Unveils Exciting Program of Activities and Workshops at Liwa Ajman Dates and Honey Festival 2023

Under the patronage of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, the Ajman Department of Tourism Development (ADTD) is organizing the eighth edition of the highly anticipated Liwa Ajman Dates and Honey Festival. This remarkable cultural and...

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Business & Money | Wednesday 26 July, 2023 8:27 am

The 4th edition of Future Cities Summit is ready to set new records in the region!

The Future Cities Summit is a vehement wave augmenting significant commitment to driving remarkable technological advancements and fostering sustainable urban development in the most august way. Responding to the progressive feedback from the 3 super successful editions in KSA...

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Business & Money | Tuesday 25 July, 2023 1:33 pm

Redefining Living Standards in Townhouse Communities

In response to the high demand from homebuyers, Dubai Properties announces the introduction of a new phase at Mudon Al Ranim, marking the conclusion of the Mudon master development. Demonstrating its unwavering commitment to meeting the exceptional market demand for this highly...

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