Business & Money | Wednesday 18 October, 2023 12:00 am

Third meeting of UBF CEOs Advisory Council stresses on importance of promoting sustainable finance

The CEOs Advisory Council of the UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, held its third meeting of 2023 under the chairmanship of H.E. Abdulaziz Al-Ghurair, Chairman of the Board of Directors of UBF to discuss the latest developments in the banking and...

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Tourism & Hospitality | Tuesday 17 October, 2023 2:52 pm

DoubleTree by Hilton Sharjah Waterfront Hotel & Residences Honored with Sharjah's Leading Hotel 2023 Award by World Travel Awards

DoubleTree by Hilton Sharjah Waterfront Hotel & Residences is proud to announce its prestigious recognition as Sharjah's Leading Hotel for the year 2023 by the World Travel Awards. This remarkable achievement underscores the hotel's unwavering commitment to providing exceptional hospitality...

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Environment & Energy | Tuesday 17 October, 2023 1:38 pm

Investments in oil, gas must continue to meet demand: Nasser

Saudi Aramco President and CEO Amin Nasser said that investments in oil and gas must continue to meet demand.   If investments in the sector do not continue, it will lose between five and seven million barrels per day of oil annually, Reuters reported, citing...

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Government | Tuesday 17 October, 2023 1:34 pm

GAMI unveils investment opportunities in military industries sector

Ahmed Al-Ohali, Governor of the General Authority for Military Industries (GAMI), announced offering investment opportunities in the local military industries sector.   In the first phase, 10 investment opportunities are offered for military and civilian applications, including...

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Business & Money | Tuesday 17 October, 2023 11:20 am

Abu Dhabi Accountability Authority Debuts Al Mersad, a Pioneering Integrated Data System Auditing Platform, at GITEX Global 2023

Inspired by the UAE’s visionary leadership and aligning with Abu Dhabi's digital progression, the Abu Dhabi Accountability Authority unveiled its innovative platform, “Al Mersad”, at GITEX Global 2023. Born from the collaboration of elite Emirati experts and Presight.ai, a subsidiary of the...

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Tourism & Hospitality | Tuesday 17 October, 2023 11:04 am

Saudia Technic Successfully Upgrades The First Suites In Boeing B777 Aircraft With The Support Of Saudi Talent

Saudia Technic, a subsidiary of Saudia Group, has initiated a project to enhance the First Suites of its Boeing 777 aircraft fleet, exclusively designated for long-haul and direct Saudia flights. The company has successfully upgraded the First Suites of aircraft HZ-AK37 with plans to upgrade the...

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Business & Money | Tuesday 17 October, 2023 9:58 am

TGA launches inter-city bus transport services

The General Transport Authority (TGA) inaugurated today, Oct. 16, the inter-city bus passenger services in the Kingdom with the presence of Minister of Transport and Logistic Services, Saleh Al-Jasser. As per Argaam data, last February, TGA signed bus inter-city concession contracts in the...

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Technology & IT | Tuesday 17 October, 2023 9:57 am

HONOR Invites Users to be V Future Pioneers & Experience HONOR Magic V2

The global technology brand HONOR has announced the V Future Pioneer program for its premium flagship foldable smartphone HONOR Magic V2. The V Future Pioneer program will give users a chance to try out HONOR Magic V2 which redefines industry benchmarks with significant improvements across form...

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Business & Money | Tuesday 17 October, 2023 9:46 am

Saudi Arabia eyes industrial investments worth SAR 1 trln: Minister

Saudi Arabia is moving forward to attract industrial investments estimated at about SAR 1 trillion, Bandar Al-Khorayef, Minister of Industry and Mineral Resources and Chairman of the Saudi Export Development Authority (SEDA), stated.  ...

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Business & Money | Tuesday 17 October, 2023 9:18 am

MENA banking sector witnesses 30% surge in net profits, 12.2% increase in net assets year on year in H1 2023

According to the EY MENA H1 2023 Banking Report, the region experienced a remarkable year on year (YoY) growth with a 30% surge in net profits and a 12.2% increase in net assets. Meanwhile, YoY returns on equity recorded a rise of 6.18%, and the net interest margin grew by 0.2%. This ...

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