Business & Money | Sunday 9 March, 2025 8:00 am

S&P projects 20% growth in UAE's insurance sector in 2025

S&P Global Ratings has projected that the UAE's insurance sector will maintain positive growth prospects in 2025, with growth expected to range between 10% and 20% in 2025, following an estimated 20% expansion in 2024. The agency also highlighted that other Gulf countries will experience...

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Business & Money | Sunday 9 March, 2025 8:00 am

Buimerc rings Nasdaq Dubai’s bell to mark its AED20 million contribution in support of Fathers’ Endowment campaign

Buimerc Corporation Ltd. rang the market opening bell to mark its support of the Fathers’ Endowment campaign, in the presence of Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, as well as representatives from the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), organisers of...

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Business & Money | Sunday 9 March, 2025 8:00 am

Ras Al Khaimah Government completes US$1 billion sukuk issuance

The Government of Ras Al Khaimah, acting through the Investment and Development Office of Ras Al Khaimah, successfully closed its offering of a 10-year US$1 billion senior unsecured sukuk at a profit rate of [5.038%] on 5th March 2025. The Government of Ras Al Khaimah tapped the international...

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Business & Money | Sunday 9 March, 2025 8:00 am

Emirates forges 11 strategic agreements at ITB Berlin 2025

Emirates airline concluded its participation in the ITB Berlin 2025, travel and tourism exhibition, by signing 11 strategic agreements over the three days of the event. According to a statement issued on Friday, the airline's officials held 270 high-level meetings, while its pavilion welcomed...

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Business & Money | Sunday 9 March, 2025 8:00 am

UAE, Central African Republic CEPA to boost trade beyond AED3.67 billion

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stated that the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and the Central African Republic reflects the leadership’s commitment to enhancing trade and investment cooperation with countries worldwide...

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Business & Money | Sunday 9 March, 2025 8:00 am

DEWA invites international developers to submit expressions of interest for 7th phase of Mohammed bin Rashid Al Maktoum Solar Park

Dubai Electricity and Water Authority (DEWA) has invited international developers to submit expressions of interest for a tender to develop the 1,600-megawatt (MW) seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park. This phase, which is expandable to 2,000MW, will use photovoltaic...

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Business & Money | Sunday 9 March, 2025 8:00 am

Alef completes phase 1 structural works at Al Mamsha Seerah

Alef, the real estate developer in the emirate of Sharjah, announced that the first phase of "Al Mamsha Seerah" is advancing at an accelerated pace, with 100 percent completion of structural work, in line with the scheduled delivery of the project in "Al Mamsha Sharjah" by Q4...

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Business & Money | Friday 7 March, 2025 2:54 pm

PIF extends deadline for central business district in Riyadh: Report

The Public Investment Fund (PIF) extended the deadline for receiving bids to appoint a project management consultancy (PMC) for its upcoming central business district (CBD) on the outskirts of Riyadh, according to MEED. The CBD will include a proposed two-kilometer-high tower. The...

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Business & Money | Friday 7 March, 2025 2:52 pm

PIF plans to invest $100M in AirAsia: Report

The Public Investment Fund (PIF) is poised to invest about $100 million in Malaysian carrier group AirAsia, Bloomberg reported, citing people familiar with the matter. The low-cost carrier is raising funds and offering investors up to a 15 percent stake at a $2 billion valuation. The...

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Business & Money | Friday 7 March, 2025 2:40 pm

DP WORLD AND MAWANI INAUGURATE SAR 3 BILLION STATE-OF-THE-ART TERMINAL IN JEDDAH

DP World and Saudi Ports Authority (Mawani) have unveiled the new state-of-the-art South Container Terminal at Jeddah Islamic Port, marking a major milestone in DP World’s SAR 3 billion ($800 million) expansion and development programme to upgrade the terminal and enhance Saudi Arabia’s...

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