Business & Money | Thursday 11 July, 2024 9:02 am

Developers locked in battle to win over investors as Dubai property demand soars

With demand for both off-plan and ready properties in Dubai at an all-time high, developers are locked in an intense battle to win over real estate investors. Firas Al Msaddi, CEO of fäm Properties, says more options for buyers in a maturing market means that developers are battling on...

More Details

Business & Money | Thursday 11 July, 2024 9:00 am

Knight Frank: Riyadh retail stock to rise by 28% to 4.6 million square metres by 2026

Average rental rates across Riyadh’s retail market have increased marginally by 3% to SAR 2,725 psm for both regional and super regional malls in the last 12 months, while occupancy rates across the retail market increased by 5 percentage points to 90%, according to global property consultancy...

More Details

Business & Money | Thursday 11 July, 2024 8:43 am

RAKEZ inks strategic partnership with All India Association of Industries to enhance mutual trade and investment opportunities

Ras Al Khaimah Economic Zone (RAKEZ) signed a Memorandum of Understanding (MoU) with The All India Association of Industries (AIAI), to open up new avenues for mutual trade and investment, strengthening economic ties between the UAE and India. The MoU was signed by AIAI President Dr. Vijay...

More Details

Business & Money | Thursday 11 July, 2024 8:32 am

RAKBANK to Transform AI Applications in Banking Operations supported by Microsoft

RAKBANK and Microsoft, as part of their ongoing collaboration, will be leveraging the power of artificial intelligence (AI) to transform various facets of operations at the bank. The intent was formalized through a memorandum of understanding (MoU) signed by Raheel Ahmed, Group CEO of RAKBANK, and...

More Details

Business & Money | Thursday 11 July, 2024 8:24 am

UAE shows economic stability despite potential impact of Fed Rate decisions and upcoming U.S. elections

Despite an air of uncertainty stemming from the US Presidential Elections and recent U.S. economic indicators demonstrating a decline in leading economic activity metrics, the UAE economy has been holding up with the latest CPI year-over-year figure decreasing from a six-month high of 3.91% to...

More Details

Business & Money | Thursday 11 July, 2024 7:34 am

NWC starts implementing 12 water and sanitation projects in Hail

The National Water Company (NWC), represented by its Northern Cluster, has started the implementation of 12 water and environmental projects in various parts of the Hail region. The total cost amounts to more than 531 million Saudi Riyals to increase the coverage of water and environmental...

More Details

Business & Money | Wednesday 10 July, 2024 8:18 am

Avalon Pharma obtains SAR 70M credit facilities from Emirates NBD

Middle East Pharmaceutical Industries Co.  (Avalon Pharma) secured SAR 70 million Shariah-compliant credit facilities from Emirates NBD to finance its operations, according to a statement to Tadawul. The facilities’ tenor will extend for one year. A promissory note for the...

More Details

Business & Money | Wednesday 10 July, 2024 8:05 am

Dell Technologies, Aramco, and National IT Academy Collaborate to upskill local talent in science and technology

In a collaborative effort to empower Saudi Arabia’s local talent with advanced science and technology skills, Dell Technologies, Aramco, and the National IT Academy (NITA) have signed a collaboration agreement. The collaboration aims to provide Saudi students with advanced training programs and...

More Details

Business & Money | Wednesday 10 July, 2024 7:50 am

Department of Community Development - Abu Dhabi Launches Emirati Family Growth Support Programme

The Department of Community Development - Abu Dhabi, the regulatory body of the social sector in the emirate, has launched its programme to support the growth of the Emirati family, which was approved by the Abu Dhabi Executive Council, headed by His Highness Sheikh Khaled bin Mohamed bin Zayed Al...

More Details

Business & Money | Wednesday 10 July, 2024 7:44 am

Al Othaim renews 2 contracts worth SAR 423M with GOSI

Abdullah Al Othaim Markets Co. (Al Othaim) signed two contracts worth SAR 422.71 million with the General Organization for Social Insurance (GOSI) to renew lease agreements for the latter’s two properties in Dammam. In two separate statements to Tadawul, the company said these contracts...

More Details