Business & Money | Sunday 20 October, 2024 10:35 am

MBC Group pays off SAR 497.3M loan

MBC Group Co. announced the full repayment of a SAR 497.25 million loan owed to Istedamah Holding Co., pursuant to the loan agreement dated Oct. 6, 2022, and amended on July 6, 2023, as disclosed in the prospectus. In a statement to Tadawul, the group said that the repayment was done from the...

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Business & Money | Sunday 20 October, 2024 10:27 am

Emirati Human Resources Development Council and Dubai Customs Sign Strategic MoU to Boost Emiratisation in the Private Sector at GITEX Global 2024

In a step towards promoting Emiratisation in the private sector, particularly in logistics, the Emirati Human Resources Development Council (EHRDC) and Dubai Customs have signed a Memorandum of Understanding (MoU) during GITEX Global 2024. This collaboration aims to enhance employment opportunities ...

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Business & Money | Sunday 20 October, 2024 10:08 am

du and DET unveil partnership to fuel start-up growth integration with DUL

du, the leading telecom and digital services provider, today announced a strategic partnership with Dubai Economy and Tourism (DET) to launch an unparalleled initiative aimed at powering the growth of startups, freelancers, and SMEs. du will be integrate into the digital 'Dubai Unified Licence...

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Business & Money | Sunday 20 October, 2024 10:02 am

Ericsson and e& international sign AI MoU to explore Autonomous Networks

Ericsson (NASDAQ: ERIC) and e& international today announce the signing of a Memorandum of Understanding (MoU) at GITEX Global 2024 to transform its mobile networks by exploring the potential of autonomous networks, furthering e&'s commitment to responsible deployment of Artificial...

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Business & Money | Sunday 20 October, 2024 9:51 am

RAKEZ hosts social media mastery workshop for community business growth

Ras Al Khaimah Economic Zone (RAKEZ) hosted a workshop ‘Harnessing the power of social media for business growth’, packed with tools to help its business community members enhance their digital marketing strategies. The event provided practical tips for effectively utilising social media...

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Business & Money | Sunday 20 October, 2024 9:43 am

Bahri Signs Murabaha Financing Agreement with Alinma Bank

Bahri, the National Shipping Company of Saudi Arabia and a global leader in maritime transportation and logistics, signed a landmark Murabaha Financing Agreement with Alinma Bank to secure financing to support its fleet modernization program.  Mr. Basil Abulhamayel, Chief Financial...

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Business & Money | Sunday 20 October, 2024 9:29 am

Dubai Customs and Dubai Land Department Sign MoU at Gitex Global for ‘Warehouse Platform’ Collaboration

During GITEX Global 2024, Dubai Customs and the Dubai Land Department (DLD) formalized their collaboration by signing a Memorandum of Understanding (MoU) for the customs “Warehouse Platform” project. H.E. Dr. Abdulla Mohammed Busenad, Director General of Dubai Customs, and H.E. Eng. Marwan bin...

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Business & Money | Saturday 19 October, 2024 4:31 pm

Dubai Civil Aviation Authority shows significant growth in drone ecosystem during 2023-2024

The Dubai Civil Aviation Authority (DCAA) has announced significant growth in the drone ecosystem in Dubai during the 2023-2024 period, as part of its ongoing efforts to develop the aviation sector and promote technological innovation. The number of registered drone pilots increased by an...

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Business & Money | Saturday 19 October, 2024 4:22 pm

FAB reports net profit of AED12.9 billion for 9M’24

First Abu Dhabi Bank (FAB) delivered robust results in the first nine months of 2024 as increased client activity across the Group’s franchise lifted revenue 16% higher year on year (YoY) to AED23.9 billion and propelled profit before tax to AED15.3 billion, up 15%. Net profit rose 4% YoY to ...

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Business & Money | Saturday 19 October, 2024 4:18 pm

Emirates wins 'World’s Best Airline'

Emirates has come out on top as the “World’s Best Airline” amongst 90 global carriers in a recent comprehensive and methodological study by Telegraph Travel. The detailed ranking and ratings were calculated from more than 30 criteria such as punctuality, baggage allowance, route network, ...

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