Business & Money | Friday 13 December, 2024 4:18 pm

Emirate Leads in Sustainable Growth with Record Non-Oil GDP, Green FDI Ranking –UAE Ministry of Economy

At the Ras Al Khaimah Investment and Business Summit, held on December 10th and 11th at the Al Hamra International Exhibition & Conference Center, H.E. Abdulla Al Saleh, Undersecretary at the UAE Ministry of Economy, highlighted the transformative economic reforms that have strengthened the...

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Business & Money | Friday 13 December, 2024 4:08 pm

Landmark AED 350 Million deal set to reshape Dubai Business District’s skyline

Pride and Property LLC, a UAE-based boutique real estate firm, has successfully facilitated a landmark land transaction valued at approximately AED 350 million. The plot, located in the prime Business District along Sheikh Zayed Road, is set to host a striking new tower that will redefine Dubai’s ...

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Business & Money | Friday 13 December, 2024 9:02 am

Gold prices likely to rise at slower pace in 2025: World Gold Council

The World Gold Council expects gold prices to rise at a slower pace in 2025, after notching some record-breaking levels this year.   In a report issued today, Dec. 12, the council explained that the yellow metal’s prices have so far climbed by more than 30% this year. However, next ...

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Business & Money | Friday 13 December, 2024 8:59 am

Dar Global has SAR 2.8B projects in Saudi market: CEO

The value of LSE-listed Dar Global Real Estate Co.'s projects since entering the Saudi market two months ago amounts to SAR 2.8 billion, as it targets investment in major cities with high demand from various nationalities, said CEO Ziad El Chaar, in an interview with Argaam. The favorable...

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Business & Money | Friday 13 December, 2024 8:56 am

Saudi Electricity Company Signs a Landmark $3.6 Billion International Financing Agreement

The Saudi Electricity Company (SEC) announced today, the signing of a $3.6 billion international syndicated financing agreement (equivalent to 13.5 billion SAR) with leading global and regional banks. The participating financial institutions include Industrial and Commercial Bank of China (ICBC),...

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Business & Money | Friday 13 December, 2024 8:26 am

Saudi Cable inks 2 contracts worth SAR 64.8M in Bahrain

Saudi Cable Co.’s branch in the Kingdom of Bahrain signed yesterday, Dec. 11, contracts for two projects at a total value of SAR 64.75 million.   In two separate statements to Tadawul, the company said the two contracts include turnkey projects, for the extension, installation and...

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Business & Money | Thursday 12 December, 2024 12:05 pm

CODE81 Launches Riyadh Office Following Spin-Off from GBS, Strengthening Support for Saudi Vision 2030

 CODE81, a leading technology services provider, has announced the launch of its Riyadh office, marking a key milestone following its strategic spin-off from Gulf Business Solutions (GBS). This move allows CODE81 to sharpen its focus on delivering advanced digital transformation solutions...

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Business & Money | Thursday 12 December, 2024 12:01 pm

Sweid & Sweid Awards Construction Contract for AED 730 million project, Sweid One, to Dutco Construction

Sweid & Sweid has awarded the construction contract for Sweid One, its AED 730 million Grade-A office development in Jumeirah Lakes Towers (JLT), to Dutco Construction. As a leading contractor known for major projects such as the Dubai Mall, Box Park and Marina Heights Tower, Dutco Construction ...

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Business & Money | Thursday 12 December, 2024 12:00 pm

Dubai Civil Aviation Authority to Spotlight Key Services at The Middle East & North Africa Business Aviation Association (MEBAA)

The DCAA will participate in the Middle East & North Africa Business Aviation Association (MEBAA) show as part of its ongoing efforts to develop the aviation sector and forge strategic partnerships.   The event will take place from December 10 to 12 at the Dubai Airshow site at...

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Business & Money | Thursday 12 December, 2024 11:52 am

Automotive industry diversity and inclusion discussed during Automechanika Dubai

Automechanika Dubai, the largest event for the automotive aftermarket industry in the wider Middle East region, has underscored the importance of diversity and inclusion in the automotive industry during the event's opening day. Mobility expert Dr Maya Men Dror was joined by a panel of female...

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