Business & Money | Tuesday 22 August, 2023 1:09 am

UAE banking sector prioritises sustainable financing to support economic and social development

UAE Banks Federation (UBF), the sole representative and unified voice of banks in the UAE, revealed the remarkable success of the UAE banking and financial sector in developing sustainable banking solutions in line with the UAE's strategy to reduce emissions and achieve climate neutrality by 2050...

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Business & Money | Monday 21 August, 2023 1:38 pm

Alabbar says Saudi contributes 10% to Emaar's business, plans more investments

Mohamed Alabbar, the founder of Emaar Properties, said that the company's operations in Saudi Arabia currently account for 10% of its total business, seeking to increase investment in the Kingdom’s real estate sector.    In an interview with Al-Arabiya...

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Business & Money | Monday 21 August, 2023 11:30 am

Azizi Developments’ Park Avenue III reaches 58% completion

Azizi Developments, a leading private developer in the UAE, has announced the 58% completion of its prestigious Park Avenue III project, located in the highly sought-after MBR City, with the completion date set for Q4 2023. Park Avenue is a well-connected premium residential community strategically ...

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Business & Money | Monday 21 August, 2023 11:16 am

Dubai’s Samana Developers Launches Dh300 Million ‘Golf Views’ Project in Dubai Sports City

Samana Developers, one of the fastest growing real estate companies in Dubai, today launched a Dh300 million (US$ 82 million) ‘Samana Golf Views’ residential project in Dubai Sports City, a popular freehold community. The new project is the first project in the neighbourhood which has...

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Business & Money | Monday 21 August, 2023 10:26 am

From conceptualization to start-up: CEN’s Product Design Program fosters engineering entrepreneurship

Starting Fall 2023, engineering students at American University of Sharjah (AUS) will have the opportunity to turn their innovative ideas into marketable solutions for businesses and communities through the College of Engineering (CEN) Technology and Engineering Product Design Program...

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Business & Money | Monday 21 August, 2023 10:18 am

du unveils ‘Envision’: An exclusive ICT event platform, paving the way for a better future

du, from Emirates Integrated Telecommunications Company (EITC), is set to host ‘Envision’, an exclusive event showcasing the latest ICT solutions that are revolutionising the future of work. Under the patronage of the UAE’s Ministry of Industry and Advanced Technology (MoIAT), the event...

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Business & Money | Monday 21 August, 2023 9:55 am

NKK Investments and UrbanKisaan collaborate to transform agriculture in Oman, UAE & Saudi

Nailesh Kanaksi Khimji (NKK) Investments, a visionary company in the AgriTech, Green Hydrogen, and Sustainability sectors, has announced a strategic partnership with UrbanKisaan, an acclaimed Agri-tech startup from United States, with its research center in India. This alliance is set to transform...

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Business & Money | Monday 21 August, 2023 9:45 am

KAFD CEO says 95 buildings complete, 3 hotels to open by 2024

King Abdullah Financial District (KAFD) completed the construction of 95 buildings spanning 1.6 million square meters (sqm), CNBC Arabia reported, citing CEO Gautam Sashittal.   Most of these buildings were completed and delivered to tenants, Sashittal said, adding that KAFD...

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Business & Money | Monday 21 August, 2023 9:43 am

Electrical Industries signs SAR 20.6 mln deal with related party to supply transformers

Electrical Industries Co. (EIC) stated that its subsidiary, Saudi Power Transformers Co. Ltd. (SPTC), signed on Aug. 20 a contract with Al Toukhi Company for Industry, Trading & Contracting (a related party) to design, manufacture and supply transformers. According to a statement on...

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Business & Money | Monday 21 August, 2023 9:39 am

Al Arabia gets GAC nod to buy Faden Media for SAR 1.05 bln

Arabian Contracting Services Co. (Al Arabia) obtained on Aug. 20 a conditional approval from the General Authority for Competition (GAC) to acquire 100% of Faden Media. The deal is subject to other customary conditions, which are in the process of being fulfilled, in accordance with the terms...

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