Business & Money | Sunday 2 March, 2025 8:00 am

MoF celebrates UAE Innovation Month with special event focusing on promoting innovation

The Ministry of Finance (MoF) organised a special event focusing on innovation in Dubai to drive creativity and accelerate digital transformation as part of the UAE Innovation Month 2025. Designed to cultivate an interactive and forward-thinking environment, the "Ministry of Finance...

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Business & Money | Sunday 2 March, 2025 8:00 am

Etihad Airways, Air Europa to expand strategic partnership

Etihad Airways, the national airline of the United Arab Emirates, and leading Spanish-based carrier Air Europa are set to work towards a strategic partnership, enhancing commercial and operational ties to provide travellers with wider choices, higher quality services, and increased...

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Business & Money | Sunday 2 March, 2025 8:00 am

Abu Dhabi Customs records 72% pre-arrival customs clearance rate in 2024

The General Administration of Abu Dhabi Customs reported a notable increase in pre-arrival customs clearance, reaching 72% of all transactions in 2024. This marks a 53% growth compared to 2023, when the rate stood at 47% across all customs centres in Abu Dhabi. Pre-arrival clearance...

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Business & Money | Sunday 2 March, 2025 8:00 am

Future100 initiative discusses enhancing UAE’s entrepreneurial ecosystem

The Future100 initiative reaffirmed its commitment to accelerating the growth of SMEs in future economy sectors in the UAE, fostering a comprehensive investment ecosystem aligned with technological advancements, and enhancing economic growth opportunities. This commitment aims to drive a...

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Business & Money | Sunday 2 March, 2025 8:00 am

DP World sets automotive record in UAE, handling over 1 million vehicles in 2024

DP World achieved a new milestone in 2024, handling a record 1.3 million vehicles across its terminals in Dubai. This marks a 53.6 percent increase from the previous year and is the highest in the company's history. DP World's flagship, Jebel Ali Port, accounted for the majority of this...

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Business & Money | Saturday 1 March, 2025 11:14 am

Industry Ministry issues 1,346 licenses worth over SAR 50B in 2024

The Ministry of Industry and Mineral Resources issued 1,346 new industrial licenses in 2024, at a total investment value exceeding SAR 50 billion, as part of its endeavors to stimulate industrial investments and enhance the sector growth.   According to the National Center for...

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Business & Money | Saturday 1 March, 2025 11:11 am

Flynas signs SAR 495M Murabaha financing with Bank AlJazira

Flynas signed a Murabaha financing deal worth SAR 495 million ($132 million) with Bank AlJazira.   In a statement, Flynas said the deal is to finance the acquisition of three state-of-the-art Airbus A320neo aircraft.   The airline highlighted its expansion plans,...

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Business & Money | Saturday 1 March, 2025 11:00 am

PPP model allows private sector to develop infrastructure with govt: Al-Jadaan

Minister of Finance Mohammed Al-Jadaan said Saudi Arabia adopted a public-private partnership (PPP) model, allowing private entities to collaborate with the government in developing and managing infrastructure projects.   Speaking at the G20 Finance Ministers and Central Bank...

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Business & Money | Saturday 1 March, 2025 9:08 am

300 factories set to boost vehicle industry in Saudi Arabia: Official

Deputy Minister of Industry and Mineral Resources for Industrial Affairs, Khalil bin Salamah, said the automobile factories in Saudi Arabia, including Ceer, Lucid, and Hyundai, will increase by nearly 300 to supply vehicle production lines with various components.   He added that the ...

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Business & Money | Thursday 27 February, 2025 4:04 pm

NWC: “We are ready for Ramadan and intend to supply 10m m3 of water per day to all Kingdom regions”

The National Water Company (NWC) has completed its preparations for the holy month of Ramadan 1446H. NWC plans to distribute about 10 million cubic meters of water per day in all regions and cities of the Kingdom during the holy month. The aim is to provide the largest amount of water to the people ...

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