Business & Money | Tuesday 4 March, 2025 11:09 am

Aramco expects oil demand growth in 2025: CEO

Saudi Aramco President and CEO Amin Nasser said that the global oil demand reached new highs in 2024, and the growth is expected to continue in 2025. “Our strong net income and increased base dividend illustrate Aramco’s exceptional resilience and ability to leverage its unique scale, ...

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Business & Money | Monday 3 March, 2025 12:40 pm

Dubai's energy demand rises 5.4% in 2024

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced that Dubai's energy demand increased by 5.4 percent in 2024 compared to 2023. Al Tayer said that energy demand in 2024 was 59,594 gigawatt hours (GWh), compared to 56,516 GWh in 2023. He further ...

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Business & Money | Monday 3 March, 2025 12:31 pm

Abu Dhabi real estate transactions hit AED17.24 billion in first two months of 2025

Real estate transactions in Abu Dhabi reached AED17.24 billion in the first two months of 2025, with over 5,000 transactions, reflecting the sector's strong activity. According to the "DARI" platform of the Department of Municipalities and Transport in Abu Dhabi, real estate sales transactions ...

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Business & Money | Monday 3 March, 2025 12:23 pm

2P wins SAR 38.4M contract from Ministry of Islamic Affairs

Perfect Presentation Co. for Commercial Services Co. (2P) won today, March 2, a SAR 38.4 million project (VAT inclusive) to provide managed information technology (IT) services project for the general administration of the Ministry of Islamic Affairs, Dawah and Guidance’s (MOIA) systems and its...

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Business & Money | Monday 3 March, 2025 12:11 pm

Retal’s project portfolio hits SAR 17B, market outlook positive: CFO

Retal Urban Development Co.’s revenue growth in 2024 was primarily driven by higher unit sales and the launch of new projects, with more than six ongoing projects added during the year, CFO Ammar Al-Ghoul said. In an interview with Al Arabiya TV, Al-Ghoul explained that Retal’s project...

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Business & Money | Monday 3 March, 2025 11:59 am

Eastward shift of capital points to a permanent realignment of global finance HSBC Global Research expects MENAT GDP to reach almost US$4 trillion by the end of 2025

 The Middle East is at the center of a fundamental transformation as global capital flows shift towards new engines of growth. According to Selim Kervanci, Chief Executive Officer, Middle East, North Africa and Türkiye (MENAT), HSBC Bank Middle East: “Traditional financial centres are...

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Business & Money | Monday 3 March, 2025 11:54 am

Cleveland Clinic Abu Dhabi saves vision for patient with rare invasive fungal sinusitis using advanced skull-base surgery

 Cleveland Clinic Abu Dhabi, part of the M42 group, successfully saved a 57-year-old woman’s eye from a rare and invasive fungal sinusitis through an extensive skull base surgery, preventing the need for orbital exenteration (eye removal).  The patient had previously undergone...

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Business & Money | Monday 3 March, 2025 11:35 am

Dubai Civil Aviation Authority and Islamic Affairs and Charitable Activities Department Sign MoU to Regulate the Operations of Drone Use

The Dubai Civil Aviation Authority (DCAA) and the Islamic Affairs and Charitable Activities Department (IACAD) have signed a Memorandum of Understanding (MoU) to strengthen their efforts with the aim of regulating drone operations to ensure the safety of Dubai’s airspace. This MoU supports the...

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Business & Money | Monday 3 March, 2025 11:27 am

Al Othaim's planned 51% acquisition of Manuel Markets to strengthen foothold: CEO

Abdullah Al Othaim Markets Co.'s planned acquisition of a 51% stake in Manuel Markets would strengthen its foothold in Saudi Arabia, particularly in Western Province — which is deemed a key growth market in the local retail sector, CEO Muaffaq Mubarah told Argaam. Mubarak explained that...

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Business & Money | Monday 3 March, 2025 11:19 am

Dubai Customs organizes the "Future and Impactful Innovations Forum" as part of the "UAE Innovates 2025" events

Dubai Customs hosted the "Future and Impactful Innovations Forum" as part of the UAE Innovates 2025 events, gathering a distinguished group of experts, specialists, and innovation leaders to discuss the latest advancements in future forecasting and institutional innovation. The event, held at...

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