Business & Money | Wednesday 28 May, 2025 11:45 am

MAG GROUP AND CITIC LIMITED SIGN MOU FOR AED 22 BILLION "KETURAH ARDH" DEVELOPMENT IN DUBAI

In a landmark move poised to significantly shape Dubai's luxury real estate landscape, MAG Group and CITIC Limited, one of China's largest state-owned conglomerates and a global leader in engineering, procurement, and construction (EPC), have announced the signing of a Memorandum of Understanding...

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Business & Money | Wednesday 28 May, 2025 11:38 am

Faraday Future set to establish 1st regional facility at Ras Al Khaimah with AED 30 million investment

Faraday Future (FF), a California-based global AI electric vehicle manufacturer, is launching its first operational base in the Middle East in Ras Al Khaimah. This set-up is part of the company’s strategic global expansion, signalling a major step in regional EV transformation while reinforcing...

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Business & Money | Wednesday 28 May, 2025 11:36 am

Symbolic Developments Launches AED 210 Million Symbolic Zen Residences in Al Furjan – A New Benchmark in Eco-Luxury Living

Dubai’s Al Furjan neighborhood is set to welcome a striking new residential development as Symbolic Developments unveils Symbolic Zen Residences - a thoughtfully designed, AED 210 million project that blends modern luxury with the philosophy of mindful living. This launch marks the developer’s...

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Business & Money | Wednesday 28 May, 2025 11:34 am

Saudia Recognized for “Business Acceleration and Digital Automation” Innovation Award

Saudia, the national flag carrier of Saudi Arabia, has been recognized as the winner of the Innovation Award in the Business Acceleration and Digital Automation category at the Informatica World 2025, held in Las Vegas, United States. Selected from over 80 global nominations, this prestigious award ...

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Business & Money | Wednesday 28 May, 2025 11:31 am

du and Hewlett Packard Enterprise host roundtable on the future of AI, hybrid cloud, and networking in banking

du, the leading telecom and digital services provider, in partnership with du Tech and Hewlett Packard Enterprise (HPE) recently hosted a roundtable titled "Unlock the future of AI, Hybrid Cloud and Networking". With 90% of UAE financial institutions expressing strong interest in adopting AI, the...

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Business & Money | Wednesday 28 May, 2025 11:28 am

PCFC Launches QE2 Hospitality Academy as a Groundbreaking Step Toward Excellence in Dubai’s Tourism and Hospitality Sector

As part of ongoing national efforts to strengthen Dubai’s tourism and hospitality sector, the Ports, Customs, and Free Zone Corporation (PCFC) has officially inaugurated the QE2 Hospitality Academy under the Commercial and Investment Division of the Corporation. The opening ceremony was held...

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Technology & IT | Wednesday 28 May, 2025 11:27 am

An Impressive 93% of Organizations in KSA Leverage AI in Strengthening Security Strategies, yet Cybersecurity Complexity and Skills Availability Remain a Challenge

 According to Cisco’s 2025 Cybersecurity Readiness Index, a total of 25% of organizations in Saudi Arabia have achieved the 'Mature' or ‘Progressive’ levels of readiness required to effectively withstand today’s cybersecurity threats. This represents an improvement from last year's...

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Business & Money | Wednesday 28 May, 2025 11:14 am

D360 Bank Welcomes One Million Customers in Four Months

D360 Bank, the innovative Saudi Shariah-compliant digital bank, has announced that it has reached more than one million customers within the first four months of its official launch, setting a new global benchmark in digital banking adoption. This milestone underscores the growing demand for...

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Business & Money | Wednesday 28 May, 2025 10:37 am

TDF CEO Visits Major Tourism Projects in the Eastern Province

The Kingdom of Saudi Arabia’s Eastern Province is ‘one of the most promising destinations on the national tourism map’, and enabling high-impact tourism projects in the region will help deliver world-class experiences that will enhance Saudi Arabia’s global appeal and contribute to the...

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Business & Money | Wednesday 28 May, 2025 10:33 am

ITFC and TDFD Sign Landmark Agreement with Oil Sustainability Program and BURN Manufacturing to Deliver Clean Cooking Solutions in Nigeria

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, signed a multilateral financing and implementation agreement to support the Forward7 initiative in Nigeria. The agreement brings together ITFC, the Trade Development Fund...

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