Business & Money | Tuesday 13 February, 2024 10:07 am

Fraudulent claims affect pricing of insurance policies: Official

Adel Al-Issa, spokesperson for the insurance sector, said that fraudulent claims and operations increase insurance the payments, premiums,  and operating costs incurred by insurance companies.  He told Al-Eqtisadiah newspaper that this matter, in addition to other...

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Business & Money | Monday 12 February, 2024 9:24 am

Dubai Customs sets new record with 17.15mn international visitors in 2023

In 2023, Dubai Customs managed 46,870,957 bags from 206,396 flights, averaging 128,400 bags daily. The focus is on ensuring traveler satisfaction and enhancing their experience. The Passenger Operations Department has over 845 inspection officers supported by 77 baggage inspection devices....

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Business & Money | Monday 12 February, 2024 9:20 am

Expo Centre Sharjah, World Trade Centre Istanbul discuss boosting cooperation

The Expo Centre Sharjah (ECS) and the World Trade Centre Istanbul (WTCI) have discussed ways of boosting cooperation and coordination to jointly organise events, conferences, and trade fairs, as well as to share expertise on advancing the exhibition industry. ECS and WTCI probed how to benefit ...

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Business & Money | Monday 12 February, 2024 9:16 am

DEWA stands out as a global benchmark in key performance indicators

Dubai Electricity and Water Authority (DEWA) has become a global benchmark in key performance indicators (KPIs) in its areas of work. In 2023, DEWA received over 100 benchmarking visits by prominent local and international companies and organisations. The visits aimed to learn about DEWA’s...

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Business & Money | Monday 12 February, 2024 9:14 am

IMF Managing Director forecasts higher economic growth for Arab region in 2024

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), highlighted the increasing significance of the Arab region in a rapidly evolving global landscape. She projected that the total GDP growth for the Middle East region would reach 2.9% this year, surpassing the figures...

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Business & Money | Monday 12 February, 2024 9:12 am

stc advances in bidding for Altice's assets in Portugal

stc, along with France’s Iliad SA and others, has progressed in the bidding for Altice's assets in Portugal, Bloomberg reported, citing sources.   Warburg Pincus LLC, a New York-based global private equity firm, has also progressed to the second round of bidding, while several ...

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Business & Money | Monday 12 February, 2024 9:09 am

solutions inks framework deal with Center3 with SAR 150M ceiling

Arabian Internet and Communications Services Co. (solutions) signed, on Feb. 8, a framework agreement with Digital Centers for Data and Telecommunications Co. (Center3) to design and build the infrastructure for POD’s (Data Center Halls) and MMRs (Meet Me Rooms) with a maximum ceiling of SAR 150...

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Business & Money | Monday 12 February, 2024 9:06 am

MIS to expand capacity of 2 data centers in Dammam for SAR 155.4M

Al-Moammar Information Systems Co. (MIS) received new orders to expand the capacity of two data centers in Dammam, which it shares with Saudi Fransi Capital (SFC), for SAR 155.43 million (including VAT).   This is considered the beginning of the second phase to boost the...

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Business & Money | Monday 12 February, 2024 9:04 am

Riyadh Region Mayor directs establishing real estate department

Prince Faisal bin Ayyaf, Mayor of Riyadh Region, directed the establishment of the general department for real estate development, Saudi Press Agency reported.The move aims to achieve Riyadh’s ambitions in the real estate sector, which is one of the key sectors in...

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Business & Money | Sunday 11 February, 2024 8:51 am

ADGM Academy Research Centre hosts ‘Quant for Quants’ Conference

Abu Dhabi Global Market Academy (ADGMA) Research Centre successfully hosted its groundbreaking three-day conference last month, ‘Quant for Quants’ (Q4Q), that aims at tackling questions on the impact of quantum computing in finance by gathering leading experts from finance, quantum technology...

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