Business & Money | Thursday 10 August, 2023 9:03 am

Dubai Taxi sector posts record 10% growth rate in trips for H1 2023

The taxi sector in Dubai has experienced substantial growth rate of 10 percent during the first half of 2023 (H1 2023) in comparison to the same period last year, making this achievement the highest in the history of the emirate.Adel Shakri, Director of Planning and Business Development at RTA’s...

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Business & Money | Thursday 10 August, 2023 8:59 am

MIS renews, amends SAR 270 mln facility agreement with SAB

Al Moammar Information Systems Co. (MIS) announced the renewal and amendment of a Sharia-compliant credit facilities agreement with Saudi Awwal Bank (SAB) with a financing value of SAR 269.96 million, according to a Tadawul filing.The financing period extends until Dec. 31, 2023, as the agreement...

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Business & Money | Thursday 10 August, 2023 1:57 am

du's non-environmental sustainability initiatives and volunteering activities continue to make a positive impact

du, from Emirates Integrated Telecommunication Company (EITC), has been recognized by the Government of the UAE with the CSR Majra Award, showcasing its outstanding Corporate Social Responsibility (CSR) initiatives in 2022. It highlights du's dedication to non-environmental sustainability practices ...

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Business & Money | Wednesday 9 August, 2023 3:19 pm

DIFC issues first-of-its-kind adequacy decision regarding the California Consumer Privacy Act

The Commissioner of Data Protection of the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has issued a first of its kind adequacy decision regarding the California Consumer Privacy Act of ...

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Business & Money | Wednesday 9 August, 2023 12:00 pm

Saeed Al Maktoum: Wooden dhows’ Traders Contribute to Enhancing Dubai's Position on the World Trade Map

The Ports, Customs, and Free Zone Corporation honored the dhow master Mustafa Ibrahim, the oldest PCFC customer, in the field of wooden dhow trade, for his significant contribution to enhancing trade through wooden dhows during the past 60 years in import and export operations to and from...

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Business & Money | Wednesday 9 August, 2023 10:27 am

Dubai International Chamber attracts six multinational companies and 50 SMEs to Dubai during H1 2023

Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has announced details of several notable achievements during the first six months of 2023 in attracting foreign direct investment and supporting chamber members in their efforts to expand into global markets.The...

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Business & Money | Wednesday 9 August, 2023 9:52 am

Jabal Omar says petition against SAR 357 mln Zakat claims rejected

Jabal Omar Development Co.'s petition to the Appeal Committee for Zakat and Tax Violations and Disputes to reconsider a decision against the former to pay Zakat claims of SAR 357 million for 2012-2018 was turned down, according to a statement to Tadawul today, Aug. 8.   This...

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Business & Money | Wednesday 9 August, 2023 9:33 am

Dubai-based Nakheel recently participated in Huawei Developer Conference 2023 in Dongguan, China

Nakheel, the world-leading waterfront real estate master developer, recently participated in the annual Huawei Developer Conference held at Songshan Lake in Dongguan, China. Organised by Huawei, a global leader in digital technology, the conference focused on technical innovation across areas...

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Business & Money | Tuesday 8 August, 2023 12:19 pm

ENOC Group expands its international jet fuel network with China entry

In line with its long-term growth strategy to fulfil the growing demands for reliable, secure, and sustainable energy internationally, ENOC Group, a leading integrated global energy player, has announced the expansion of its jet fuel network to cover, for the first time, China with14 airports...

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Business & Money | Tuesday 8 August, 2023 11:49 am

DAMAC Lagoons Awards AED 2.4 Billion Worth of Contracts in the First Half of 2023

Leading UAE-based real estate developer DAMAC Properties has secured contracts worth AED 2.4 billion for its DAMAC Lagoons project since the beginning of this year.    Some of the key appointments include Ginco General Contracting LLC, which was awarded AED 753.9 million for the ...

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