Business & Money | Thursday 28 September, 2023 9:47 am

Innovation in payments supports global economic growth: UBF

UAE Banks Federation, the sole representative and unified voice of UAE banks, affirmed its keenness to further efforts to advance the payments ecosystem in light of the unprecedented technological transformations taking place in the world. During its participation at the event, the Federation...

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Environment & Energy | Thursday 28 September, 2023 9:16 am

AMEA Power Reaches Financial Close on the 120MW Solar Power Plant in Tunisia

AMEA Power, one of the fastest growing renewable energy companies based in the Middle East, announced today it has reached financial close on its 120MW  solar PV project in Tunisia. When commissioned, the US$86 million project, will be the company’s first operational asset in the...

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Business & Money | Thursday 28 September, 2023 9:14 am

ADRO and VFS Global Partner to Reinforce Abu Dhabi’s Position as a Leading Destination for International Talent

Abu Dhabi Residents Office (ADRO), a part of the Abu Dhabi Department of Economic Development (ADDED) dedicated to supporting the emirate's thriving community and to strengthen its position as a leading destination for top talent, signed a Memorandum of Understanding with VFS Global, the world's...

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Tourism & Hospitality | Thursday 28 September, 2023 9:00 am

China grants Approved Destination Status to Saudi Arabia

The People's Republic of China officially granted Saudi Arabia the Approved Destination Status (ADS), through a bilateral agreement signed today, Sept. 26, allowing Chinese citizens to travel to Saudi Arabia in group tours and facilitating greater ease of access to the Kingdom, Saudi Press Agency...

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Business & Money | Thursday 28 September, 2023 8:58 am

Lucid Motors opens plant in KAEC

Lucid Motors, partially owned by the Public Investment Fund (PIF), inaugurated today, Sept. 27, its manufacturing unit, AMO-2, the company's first international factory in King Abdullah Economic City (KAEC), Jeddah.   In May 2022, the company signed a contract to begin the...

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Business & Money | Thursday 28 September, 2023 8:53 am

Transport ministry issues logistic licenses to Chinese firms

Saudi Arabia’s Minister of Transport and Logistic Services, Saleh Al-Jasser, and the accompanying delegation held a series of meetings with leaders of major Chinese companies in Beijing, where he handed them licenses to carry out logistics activities in the...

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Tourism & Hospitality | Thursday 28 September, 2023 8:50 am

Tourism Minister announces $1 bln investment in Qiddiya hospitality school

Saudi Minister of Tourism Ahmed Al Khateeb announced the launch of a tourism and hospitality school in Qiddiya with an investment of $1 billion.   In his speech at the World Tourism Day 2023 conference held , Sept. 27, in Riyadh, the minister...

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Business & Money | Thursday 28 September, 2023 8:48 am

Lucid’s opening proves Saudi Arabia’s success in attracting investments: Minister

Minister of Industry and Mineral Resources, Bandar Alkhorayef, said the opening of Lucid Group’s electric vehicle (EV) factory in Saudi Arabia and target exports affirms Saudi Arabia’s ability to attract investments and compete.   The Kingdom negotiates to invest...

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Tourism & Hospitality | Thursday 28 September, 2023 8:45 am

Saudi Arabia set to add 500,000 hotel rooms via major projects: Minister

Saudi Arabia is on course to construct 400,000-500,000 hotel rooms in various projects, including NEOM, Qiddiya and Diriyah, Minister of Tourism Ahmed Al Khateeb said today, Sept. 27.   Al Khateeb was speaking at the World Tourism Day 2023 Conference in Riyadh.   Saudi ...

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Business & Money | Thursday 28 September, 2023 8:43 am

Aramco signs agreement to potentially buy 10% of Shenghong Petrochemical

Saudi Aramco and Jiangsu Eastern Shenghong Co., Ltd. signed today, Sept. 27, a cooperation framework agreement to facilitate discussions on Aramco’s possible acquisition of a 10% strategic equity interest in Jiangsu Shenghong Petrochemical Industry Group Co., Ltd. (Shenghong Petrochemical) a ...

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