Business & Money | Sunday 19 November, 2023 9:44 am

Ahead of COP28, New SAP Survey Shows Significant Uptick in UAE Companies’ Sustainability Investments and Environmental Data Collection

As the UAE prepares to host COP28 in December, a new survey from global technology company SAP SE has highlighted the success of the country’s deep commitment to sustainability. Investment in environmental strategies has increased significantly over the past five years, with the vast majority of...

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Technology & IT | Sunday 19 November, 2023 9:40 am

ADGM and MBZUAI forge strategic collaboration to advance artificial intelligence for regulatory compliance

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have signed a Memorandum of Understanding (MoU), focused on advancing the role of artificial intelligence (AI) to better achieve regulatory...

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Environment & Energy | Sunday 19 November, 2023 9:33 am

MoEI participates in GMIS Connect – Trieste Roadshow

The Ministry of Energy and Infrastructure (MoEI) participated in the international roadshow programme, GMIS Connect, hosted by the Global Manufacturing and Industrialisation Summit (GMIS), in the Italian city of Trieste. Co-chaired by the UAE Ministry of Industry and Advanced Technology and...

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Business & Money | Sunday 19 November, 2023 9:31 am

Sumou gets off-plan sale license for Ajwan project in Al Khobar

Sumou Real Estate Co. obtained on Nov. 16 the off-plan sale license for Ajwan project in Al Khobar, according to a statement to Tadawul.   The company signed on Sept. 11 an agreement to provide selling and marketing services for the one million square meter-Ajwan project in Al...

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Environment & Energy | Sunday 19 November, 2023 9:30 am

ACWA Power launches commercial ops at PT2 unit of Dubai’s Noor Energy

ACWA Power Co. said that it received, on Nov. 17, the Initial Commercial Operation certificate from the Dubai Electricity & Water Authority (DEWA) for phase 2 CSP Parabolic Trough (PT) 200 MW unit of Noor Energy 1 P.S.C to bring total capacity under operation to 717 MW.   The...

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Business & Money | Sunday 19 November, 2023 8:47 am

Saudi Cable inks SAR 140 mln working capital agreement

Saudi Cable Co. signed a working capital agreement worth SAR 140 million with Rawafid Al-Mustaqbal Investment Co., according to a statement on Tadawul.   This agreement includes cash financing and the purchase of raw materials to execute existing manufacturing orders. The deal aims...

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Business & Money | Sunday 19 November, 2023 8:43 am

Meet the Saudi Scientist elected to run WHO in the Middle East

WHO appointed the leading Saudi public health expert  Dr. Hanan Balkhi as Regional Director of its Eastern Mediterranean Office, after a vote from member states at the organization's regional committee meeting in Cairo last October. Saudi Health Minister, Fahd Al-Jalajel, commented that...

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Environment & Energy | Sunday 19 November, 2023 8:42 am

L&T showcases expertise in Renewables, Power and Water Infrastructure

Over the last four decades, Larsen & Toubro, the Indian multinational conglomerate, has established their credentials in the Gulf region, developing vital infrastructure in various countries including the Kingdom of Saudi Arabia, UAE, Oman, Kuwait, and Qatar. L&T has lent their expertise to ...

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Business & Money | Saturday 18 November, 2023 2:41 am

AED 23 billion worth of total deals signed during Dubai Airshow 2023: Tawazun Council

Tawazun Council, a government entity that works closely with the Ministry of Defense in the UAE, today signed 10 deals, worth AED 1.415 billion, with local and international companies on behalf of the Ministry of Defense on the fifth and final day of the Dubai Airshow 2023.This brings the total...

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Business & Money | Saturday 18 November, 2023 2:40 am

EDGE signs agreement with Roketsan to explore partnerships in smart weapon development

EDGE, one of the world's leading advanced technology and defence groups, and Roketsan, a leading Turkish company which designs, develops, and manufactures rockets, missiles, guided munitions, and weapon systems, signed an agreement today to explore potential partnerships in the smart weapons...

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