Business & Money | Sunday 23 March, 2025 9:44 am

Emirates NBD recognized as the “Best Foreign Bank in KSA”

Emirates NBD, the leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has been named been named the “Best Foreign Bank in Saudi Arabia” at the prestigious EMEA Finance Middle East Banking Awards 2024 Held on 26 February 2025, at the Sheraton Grand Hotel in...

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Business & Money | Sunday 23 March, 2025 9:36 am

Survey: 78% of insurance execs say closing $1.8 trillion protection gap is an ethical obligation

The global protection gap – the difference between insured and uninsured losses across life, health, natural catastrophe and crop insurance – was last estimated at $1.8 trillion. A new “future of insurance” survey of more than 500 insurance executives from 17 countries by...

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Business & Money | Saturday 22 March, 2025 6:02 pm

Jabal Omar sells land plot in Makkah project at SAR 1.1B

Jabal Omar Development Co. announced today, March 20, signing a contract to sell a 6,001-square-meter land plot within its Makkah-based project for SAR 1.14 billion, with the buyer bearing the real estate transaction tax and brokerage fees.   In a statement to Tadawul, the company...

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Business & Money | Saturday 22 March, 2025 5:58 pm

GACA classifies air carriers, airports in February

The General Authority of Civil Aviation (GACA) issued an index for the classification of air transport service providers and airports based on the number of complaints filed by travelers to the authority in February 2025.   The total number of complaints submitted by passengers...

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Business & Money | Saturday 22 March, 2025 5:56 pm

IA studies cancelling medical approvals: CEO

The Insurance Authority (IA) and other relevant entities and experts, are studying to cancel approvals for health insurance services. This move aims to make it easier for beneficiaries and avoid late approvals, Alriyadh newspaper reported, citing CEO Naji Al-Tamimi.   There are some...

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Business & Money | Saturday 22 March, 2025 5:50 pm

Abeer Alaql named CEO of Royal Commission for AlUla

The Royal Commission for AlUla (RCU) appointed Abeer Alaql as  CEO, the state-run Saudi Press Agency.   Alaql was appointed as Acting CEO of RCU in late January 2024. She  joined RCU in 2017 and held several leadership positions, most recently as Head of the...

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Business & Money | Thursday 20 March, 2025 1:48 pm

Deloitte Middle East report: Gulf Sovereign Wealth Funds lead global growth as assets forecast to reach USD 18 tn by 2030

 A new Deloitte Middle East report reveals Gulf Sovereign Wealth Funds (SWFs) continue to dominate the global investment landscape, spearheading an industry-wide expansion that has pushed total assets under management globally to $12 trillion by the end of 2024 and forecast to reach $18...

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Business & Money | Thursday 20 March, 2025 11:27 am

Etihad Airways, Ethiopian Airlines launch strategic JV, new flights between Addis Ababa and Abu Dhabi

The national airlines of the United Arab Emirates and Ethiopia have joined forces in a landmark Joint Venture (JV) that will transform connectivity between Africa, the Middle East, and Asia. Signed today at Ethiopian Airlines' headquarters in Addis Ababa, this strategic partnership also includes a...

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Business & Money | Thursday 20 March, 2025 11:25 am

DP World expands electric freight operations at Jebel Ali Port

DP World has launched a cutting-edge electric freight solution at Jebel Ali Port in partnership with Einride, marking a major step towards decarbonising terminal operations. Now running around-the-clock, the first wave of the electric fleet is set to move over 204,000 twenty-foot containers...

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Business & Money | Thursday 20 March, 2025 11:23 am

EDGE expands naval capabilities through multi-billion Euro joint venture with CMN NAVAL

EDGE, one of the world’s leading advanced technology and defence groups, and CMN NAVAL, a world-renowned naval shipbuilding group specialising in the design, engineering, and construction of superior naval and commercial vessels, and mega yachts, have formally agreed to create a new Abu...

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