Business & Money | Monday 12 June, 2023 2:47 pm

Blockchain Research Institute partners with Saudi IR4LAB to spur Blockchain adoption in KSA

The Blockchain Research Institute – Middle East (BRI-ME), the exclusive partner of The Blockchain Research Institute, an independent, global think tank, dedicated to exploring and sharing knowledge about the strategic implications of blockchain on business, government, and society co-founded by...

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Business & Money | Monday 12 June, 2023 2:24 pm

PepsiCo announces the six start-ups selected for the 2023 Greenhouse Accelerator Program: MENA Sustainability Edition

Today, PepsiCo announced the six companies that will be a part of the second cohort of its Greenhouse Accelerator Program: MENA Sustainability Edition, focused on sustainable agriculture. Following a rigorous multi-stage selection process, this year’s cohort brought forward innovative ideas...

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Business & Money | Monday 12 June, 2023 1:30 pm

3DXB GROUP to Make Debut in the UAE to Revolutionize Construction Sector with Cutting-Edge 3D Printing

In alignment with the UAE's visionary decree No. (24) of 2021 issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum to regulate the use of 3D printing in the construction sector in Dubai, which supports the Emirate’s strategic target to ensure that 25% of its buildings are constructed...

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Business & Money | Monday 12 June, 2023 1:13 pm

The Luxe Developers breaks ground on Oceano residential development worth over AED1.5 billion on Al Marjan Island

UAE-headquartered real estate development firm The Luxe Developers has officially broken ground on Oceano, an upscale twin-tower waterfront development located on Al Marjan Island, Ras Al Khaimah. The project, valued at over AED1.5 billion, consists of 206 units and will stretch over 18...

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Business & Money | Monday 12 June, 2023 1:08 pm

CEOs Advisory Council of UAE Banks Federation: ‘Customer Confidence Index’ places UAE second globally, reaffirming the sector’s leading position

The CEOs Advisory Council of UAE Banks Federation, the representative and unified voice of banks in the UAE, held its second meeting of 2023 recently under the chairmanship of His Excellency Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation, to discuss key initiatives, the UBF 2023 strategy...

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Business & Money | Monday 12 June, 2023 11:21 am

US$10 BILLION IN INVESTMENT AGREEMENTS SIGNED DURING FIRST DAY OF 10th ARAB-CHINA BUSINESS CONFERENCE

The 10th Arab-China Business Conference, the largest edition to date and the first hosted by Saudi Arabia, marked its first day with the signing of US$10 billion in investment agreements, spanning more than 30 deals across an array of sectors including technology, renewables, agriculture, real...

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Business & Money | Monday 12 June, 2023 11:19 am

Musafir Business Achieves 97% Growth in the Gulf, Enters Indian Market

Musafir Business, the leading all-in-one corporate travel management platform in the region by musafir.com, has achieved a remarkable 97% increase in Gross Merchandise Volume (GMV). Surpassing pre-pandemic sales, the company is poised for a record-breaking year. Additionally, Musafir Business has...

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Business & Money | Monday 12 June, 2023 11:07 am

Bayt.com unveils the future of hiring with cutting-edge AI and smart features

Bayt.com, the Middle East's #1 job site, today announced the launch of Bayt AI+, a groundbreaking suite of artificial intelligence (AI) and smart features. Combining cutting-edge technology, the trust of over 40,000 employers, and more than two decades of experience, Bayt AI+ revolutionizes the...

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Business & Money | Monday 12 June, 2023 10:01 am

Red Sea buys 51% of First Fix for SAR 544.2 mln

Red Sea International Co. acquired a 51% stake in Fundamental Installation for Electric Work Co. Ltd. (First Fix) for a cash consideration of SAR 544.2 million. In a statement to Tadawul, Red Sea said it will pay a total of SAR 250 million to the sellers in cash, in proportion. Further, a...

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Business & Money | Monday 12 June, 2023 9:15 am

Understanding the Impact of Federal Reserve Interest Rate Changes on Gulf Markets:

Decisions made by the Federal Reserve regarding interest rates have far-reaching effects on both the domestic and global economy, including in the Gulf region. In light of ongoing speculations about the stability of GCC economies following any upcoming interest rate changes, FOREX.com’s analysts...

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