Business & Money | Monday 26 February, 2024 8:14 am

Al-Rumayyan says over 70% of PIF's assets are in Saudi Arabia

Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), stated that the fund's assets in Saudi Arabia exceeded 70% of its total assets, while assets abroad accounted for less than 25%.   The PIF aims to bring the value of its assets outside Saudi Arabia to 20–25% of total...

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Business & Money | Sunday 25 February, 2024 11:05 am

“Thakher Development” and “Bank Albilad” Offer a Wide Range of Financing Solutions to Customers

Thakher Development Company, the master developer of the master plan and infrastructure of Thakher Makkah project, has announced a new partnership with “Bank Albilad”, aiming to provide sales finance solutions for customers to invest in the “Radisson Hotel & Residences”. The...

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Business & Money | Sunday 25 February, 2024 10:21 am

International companies from 47 countries to capitalize on lucrative opportunities at Big 5 Construct Saudi

Driven by Vision 2030, the Kingdom of Saudi Arabia is undergoing rapid transformation to place the nation at the forefront of countries globally. Supporting the country’s ambitious plans, Big 5 Construct Saudi, returning for its 12th edition from 26-29 February 2024 at the Riyadh Front...

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Business & Money | Sunday 25 February, 2024 8:51 am

NOV Announces Opening of Regional Headquarters in Dammam, Saudi Arabia

NOV Inc. (NOV), a leading provider of technology and equipment for the global energy industry, announced the establishment of its regional headquarters in Dammam, Saudi Arabia. The regional headquarters further emphasizes NOV's commitment to the region and to delivering exceptional products,...

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Business & Money | Sunday 25 February, 2024 8:48 am

Ajman Department of Finance Attains Two ISO Certifications for Integrated Management Systems and Human Resources

The Ajman Department of Finance has achieved two distinguished ISO certifications: the Integrated Management System Specification PAS99:2012 and the Human Resource Management Specification ISO30405:2023, awarded by the British Standards Institute (BSI). The certification ceremony was graced by HH...

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Business & Money | Sunday 25 February, 2024 8:47 am

du appoints Jasim Al Awadi as the Chief ICT Officer

du, from Emirates Integrated Telecommunication Company (EITC), has appointed Jasim Al Awadhi to lead its ICT unit as the Chief ICT Officer. He will play an important role in supporting du’s customers on their digital transformation journeys by providing end-to-end solutions and services. Al...

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Business & Money | Sunday 25 February, 2024 8:26 am

Abu Dhabi Customs records 72% growth in digital transactions in 2023

The General Administration of Abu Dhabi Customs revealed exceptional results in digital customs transactions through the ports of the Emirate of Abu Dhabi in 2023, recording a growth of 72 percent compared to 2022, achieving a significant increase and the highest rate since the beginning of the...

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Business & Money | Sunday 25 February, 2024 8:13 am

FAB forecasts GCC will outperform global economy in 2024

The economies of the UAE and Gulf countries will outpace the global forecast for 2024, helped by the domestic multi-year investment cycle in the region, according to First Abu Dhabi Bank’s Global Investment Outlook (GIO) 2024 Report: ‘Making a positive impact’. Despite recent...

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Business & Money | Sunday 25 February, 2024 8:12 am

FATF’s decision a testament to UAE's progress: ADGM

Abu Dhabi Global Market (ADGM) affirmed that FATF’s decision to remove the UAE from the list of countries under enhanced due diligence due to concerns regarding anti-money laundering/countering the financing of terrorism, stands as a testament to the remarkable progress the country has made over...

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Business & Money | Sunday 25 February, 2024 8:04 am

Kinan shelves plans for listing on Nomu

Kinan International for Real Estate Development Co. called off plans for listing on Nomu-Parallel Market, due to some developments that require the reissuance of a supplementary prospectus.   In a statement to Argaam, Kinan said a supplementary prospectus will be...

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