Business & Money | Wednesday 6 March, 2024 10:28 am

FAB shareholders approve AED 7.8 billion cash dividend at AGM

First Abu Dhabi Bank (FAB) concluded its Annual General Meeting (AGM) today at FAB’s headquarters in Abu Dhabi. All items on the agenda were discussed and approved, including the distribution of 50% cash dividends (AED 0.71 per share, implying total cash dividends of AED7.8 billion) for the...

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Business & Money | Wednesday 6 March, 2024 10:25 am

Dubai Land Department, Property Finder, Bayut, Dubizzle collaborate to empower local talent in real estate sector

Dubai Land Department (DLD), represented by the Real Estate Regulatory Agency (RERA), has entered into partnership agreements with Property Finder, Bayut Web Publishing and Dubizzle to empower local talents and raise awareness in Duba’si real estate sector. These partnerships aim to create an...

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Business & Money | Wednesday 6 March, 2024 9:19 am

Red Sea Global partners with Amazon Payment Services to enable seamless

Amazon Payment Services, a regional leader in digital payments across the Middle East and North Africa (MENA), has announced a partnership with luxury tourism developer Red Sea Global (RSG), the multi-project developer behind some of the world’s most ambitious tourism destinations. Through this...

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Business & Money | Wednesday 6 March, 2024 9:13 am

AWS to Launch an Infrastructure Region in the Kingdom of Saudi Arabia

Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), today announced it will launch an AWS infrastructure Region in the Kingdom of Saudi Arabia in 2026. The new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as healthcare, education, gaming, and...

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Business & Money | Wednesday 6 March, 2024 1:47 am

Gulf Islamic Investments acquires a licensed investment and asset management firm in the Kingdom of Saudi Arabia

The planned expansion of Gulf Islamic Investments (GII) across the Kingdom of Saudi Arabia has gained significant momentum with the acquisition of a Saudi Capital Market Authority (CMA) licensed entity. GII operations in Saudi Arabia will include corporate finance advisory, investment...

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Business & Money | Wednesday 6 March, 2024 1:27 am

Intersec 2025 officially launched after welcoming a record 47,500 visitors during the 2024 edition

Messe Frankfurt Middle East, organisers of Intersec, the world's leading business event for safety, security, and fire protection, have officially launched the 2025 edition of the exhibition in response to the high demand from exhibitors and visitors following a record-breaking event in January...

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Business & Money | Wednesday 6 March, 2024 12:21 am

PIF, Mumtalakat sign MoU to promote strategic sector investments in Bahrain

The Public Investment Fund (PIF) and Mumtalakat Holding Co., the sovereign wealth fund of the Kingdom of Bahrain, announced today, March 4, signing a memorandum of understanding (MoU). The agreement aims to expand cooperation between the two parties and enable new and promising investment...

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Business & Money | Tuesday 5 March, 2024 5:48 pm

Saudi Signage Expo kicks off its inaugural edition today: Must-see top 5 highlights

The inaugural edition of Saudi Signage Expo, the largest in the Middle East for the digital, print, graphics and imaging industries, running till 7 March 2024 at the Riyadh International Convention & Exhibition Centre (RICEC) opens to visitors today. The event brings together key decision...

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Business & Money | Tuesday 5 March, 2024 1:17 pm

Economic diversification progress impressive: Al-Jadaan

Minister of Finance, Mohammed Al-Jadaan, said that diversification in the economy is currently going through an excellent stage, noting that there is an effective contribution among various sectors to the gross domestic product (GDP).   Al-Jadaan explained in an interview with the...

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Business & Money | Tuesday 5 March, 2024 11:43 am

Dubai’s branded residences growth will be dominated by lifestyle brand collaborations

Dubai is now the leading city, globally for the development of branded residences, with the number of standalone projects (developments without a hotel component) set to rise to 54% of the market, accounting for 78% of new projects over the next four years, against a global projection of 41%.  ...

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