Business & Money | Wednesday 5 February, 2025 9:41 am

United Arab Bank delivers 30% growth in 2024 net profit

United Arab Bank P.J.S.C (UAB) posted a net profit (before tax( of AED331 million for the year 2024, compared to AED 255 million in 2023 representing an increase of 30%. The growth in net profit stems from the improved operating performance and strong recoveries leading to lower net impairment...

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Business & Money | Wednesday 5 February, 2025 9:36 am

UPDATE: Financial transparency, efficient business environment fundamental pillars of UAE national economy: Minister of State for Financial Affairs

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, has participated in the Forum of UAE Ambassadors and Representatives of Missions Abroad, an annual event organised by the Ministry of Foreign Affairs. During the event, Al Hussaini highlighted the Ministry of Finance’s...

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Business & Money | Wednesday 5 February, 2025 9:25 am

Abu Dhabi to host Ai Everything Global 2026

The UAE’s journey of spearheading AI progress worldwide has marked another milestone, with the announcement that Ai Everything Global Summit & Expo will be hosted in Abu Dhabi in 2026. This launch reinforces the UAE’s commitment to becoming a premier global hub for AI excellence. Abu...

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Business & Money | Tuesday 4 February, 2025 1:33 pm

Over 2,000 exhibitors from 60 countries to capitalize on the Kingdom’s towering construction opportunities at Big 5 Construct Saudi

Saudi Arabia’s construction market is projected to grow from $70.33 billion in 2024 to $91.36 billion by 2029 (Source: Mordor Intelligence), highlighting the growing opportunities in the construction sector. Big 5 Construct Saudi, the largest and most influential construction event in the...

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Business & Money | Tuesday 4 February, 2025 10:25 am

KPMG to host inaugural Public Sector Excellence Forum 2025 in Riyadh

KPMG will host the Public Sector Excellence Forum on February 24, 2025, at the Movenpick Hotel & Residence Riyadh, under title: Governing with Impact: Delivering Public Value. The forum will convene government officials, global leaders, and industry experts to explore solutions for enhancing...

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Business & Money | Tuesday 4 February, 2025 10:06 am

TA’ZIZ announces $1.7 billion award to build first methanol plant in UAE

TA’ZIZ announced today an engineering, procurement and construction (EPC) contract award of $1.7 billion (AED6.2 billion) to SAMSUNG E&A for the construction of one of the world’s largest methanol plants in Al Ruwais Industrial City, Al Dhafra region, Abu Dhabi. The project is a key...

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Business & Money | Tuesday 4 February, 2025 10:03 am

Borouge reports FY2024 net profit of $1.24 billion

Borouge Plc has delivered outstanding 2024 financial results, achieving a 24 percent year-on-year increase in net profit to $1.24 billion, driven by record production and sales volumes. The company is driving growth and outperforming the industry through high productivity, a strong...

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Business & Money | Tuesday 4 February, 2025 9:59 am

DIEZ, Dubai Land Department collaborate to support Proptech sector

The Dubai Integrated Economic Zones Authority (DIEZ) and the Dubai Land Department (DLD) partnered to support and enable the property technology (Proptech) sector. The collaboration aims to enhance research, development, and technological innovation, as well as ease of doing business in Dubai, ...

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Business & Money | Tuesday 4 February, 2025 9:56 am

UAE-German Business Forum convened in Abu Dhabi

The United Arab Emirates and Germany reinforced their deep-rooted economic ties today with the convening of the UAE-German Business Forum in Abu Dhabi. The event, held at the Abu Dhabi Global Market (ADGM), gathered senior government officials, industry leaders, and private sector...

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Business & Money | Tuesday 4 February, 2025 9:53 am

Riyadh Air in talks with Boeing, Airbus for 50 wide-body jets: Report

Riyadh Air is in discussions with Boeing and Airbus for a potential order of 50 additional wide-body aircraft, Bloomberg reported, citing informed sources. The Saudi airline is considering the Airbus A350-1000 and Boeing 777X models. It is also negotiating delivery slots, which have become...

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