Business & Money | Sunday 13 October, 2024 10:21 am

Hafeet Rail signs contract with Progress Rail to supply modern fleet of freight locomotives

Hafeet Rail, the developer and operator of the UAE-Oman Rail Network, has partnered with Progress Rail, a Caterpillar company, to supply 27 state-of-the-art EMD SD70ACS heavy-haul freight locomotives. The locomotives will be custom-designed to withstand the region's unique environmental conditions...

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Business & Money | Sunday 13 October, 2024 8:26 am

Dubai Startup Guide launched

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has published the Dubai Startup Guide, a comprehensive handbook that helps entrepreneurs and startups successfully establish their businesses in Dubai. The guide offers a comprehensive...

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Business & Money | Sunday 13 October, 2024 8:06 am

UAE participates in Second Meeting of BRICS Finance Ministers, Central Bank Governors

The UAE, represented by the Ministry of Finance and the Central Bank, took part in the second BRICS Finance Ministers and Central Bank Governors meeting recently held in Moscow.The country’s delegation included Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Younis Haji Al...

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Business & Money | Sunday 13 October, 2024 8:03 am

National Housing launches 1,600 residential units in Jeddah

National Housing Company (NHC) has announced the launch of 1,600 new residential units in two new projects, Al Thuraya and Al-Sadan in Jeddah. Located in Sadaim, north of Obhur, Al Thuraya offers more than 700 residential units and includes commercial facilities, gardens, and public amenities. ...

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Business & Money | Sunday 13 October, 2024 7:44 am

PIF says $19.4B capital expenditure required for green projects

The Public Investment Fund (PIF) set capital expenditure requirements of $19.4 billion for its eligible green projects (or nearly SAR 73 billion), with $5.2 billion already allocated as of June 2024.This allocation is part of PIF's ongoing commitment to sustainable finance, as detailed in its...

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Business & Money | Sunday 13 October, 2024 7:42 am

Saudi to begin construction of Landbridge in early 2025: Report

Saudi Arabia will start construction of the Landbridge project that costs $7 billion (SAR 26.3 billion) in early 2025, MEED reported citing a source close to the project. The final arrangements are being sorted out, the report added. Saleh Al-Jasser, Minister of Transport, said in January ...

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Business & Money | Saturday 12 October, 2024 8:00 am

7X launches 'Wayn' digital P.O. box

7X announced today the launch of Wayn, its digital P.O. Box platform, aimed at transforming the postal services in the UAE. The launch of Wayn aligns with the country’s national efforts to drive digital adoption and development and provide individuals and companies with secure delivery...

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Business & Money | Saturday 12 October, 2024 8:00 am

Kaspersky uncovers PipeMagic backdoor attacks businesses in Saudi Arabia through fake ChatGPT application

Kaspersky’s Global Research and Analysis Team (GReAT) has recently discovered a new malicious campaign involving the PipeMagic Trojan, which has shifted from targeting entities in Asia to expanding its reach to organizations in Saudi Arabia. The attackers are using a fake ChatGPT application as...

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Business & Money | Saturday 12 October, 2024 8:00 am

Emirates NBD and noon Unveil Groundbreaking Co-Branded Visa Credit Card Packed with Exclusive Benefits

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Türkiye) region, has teamed up with noon, the Middle East’s homegrown e-commerce giant, to introduce a co-branded Visa credit card, packed with unbeatable perks and rewards. Designed for the modern consumer, the...

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Business & Money | Saturday 12 October, 2024 8:00 am

Leading global staffing group recruiting large volumes of new health workers for Saudi Arabia

Medacs Healthcare, one of the world’s largest healthcare staffing groups, is working hard to meet Saudi Arabia’s rising need for international health workers. Following a recent series of highly successful hiring events in London, hundreds of consultant doctors and nurses are set to start new...

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