Business & Money | Wednesday 12 February, 2025 11:08 am

Private sector to drive 80% of transport and logistics investments: Al-Jasser

Minister of Transport and Logistics, Saleh Al-Jasser, said the private sector is expected to account for 80% of targeted investments in the transport and logistics sectors.   Speaking at the PIF Private Sector Forum 2025, the minister explained that the investments will be carried...

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Business & Money | Wednesday 12 February, 2025 11:06 am

Hamdan bin Mohammed meets with CEO of Baidu at World Governments Summit

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, today met with Robin Li, Co-Founder and CEO of Baidu, a leading Chinese multinational technology company specialising in Internet services and artificial...

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Business & Money | Wednesday 12 February, 2025 11:01 am

Mohammed bin Rashid attends keynote session hosted by IMF Managing Director as part of WGS 2025

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended a keynote session entitled ‘A Conversation with the Managing Director of IMF,’ hosted by Kristalina Georgieva, IMF Managing Director that revolved around the expected...

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Business & Money | Wednesday 12 February, 2025 10:55 am

General Civil Aviation Authority achieves Guinness World Record for largest aerial display of fireworks, drones

The General Civil Aviation Authority (GCAA) has achieved an international milestone by entering the Guinness World Records with the largest and most spectacular aerial display of fireworks and drones, showcasing its leadership in aviation innovation and airspace management. This exceptional...

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Business & Money | Wednesday 12 February, 2025 10:51 am

NMDC Group delivers net profit of AED3.1 bn for 2024

NMDC Group has announced its full year financial results for 2024, achieving an exceptional 57% Y-o-Y growth in its revenues to reach AED 26.3 billion, with net profit after tax climbing by 44% Y-o-Y to AED3.1 billion compared to 2023. Earnings per share rose by 36% and total assets stood at AED...

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Business & Money | Wednesday 12 February, 2025 10:48 am

Ports, Customs and Free Zone Corporation, Cordiant Capital sign MoU to strengthen strategic partnership

The Ports, Customs and Free Zone Corporation (PCFC), and Cordiant Capital, a global investor in infrastructure and real assets, signed a Memorandum of Understanding (MoU) to advance their strategic collaboration to strengthen Dubai’s agriculture value chain and bolster its food security...

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Business & Money | Wednesday 12 February, 2025 10:43 am

ADNOC L&S announces revenue of $3,549 million in 2024

ADNOC Logistics and Services plc today announced its fourth quarter (Q4) and full-year 2024 financial results, reporting revenue of $3,549 million (AED13,035 million) for the year, up 29 percent compared to 2023. EBITDA rose by 31 percent to $1,149 million (AED4,219 million) in the same...

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Business & Money | Wednesday 12 February, 2025 10:40 am

Deloitte launches its Silicon-2-Service Offering at LEAP 2025 to accelerate AI adoption in the Middle East

Deloitte, the Innovation & Emerging Technology Partner at LEAP 2025, has launched its comprehensive Silicon-2-Service (S2S) offering in the Middle East. This innovative service offering aims to provide end-to-end strategy, design, deployment, optimization and management of Sovereign AI...

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Business & Money | Wednesday 12 February, 2025 10:33 am

RED SEA FUND OPENS APPLICATIONS FOR CYCLE 1 OF 2025 POST-PRODUCTION GRANTS, AND EXPANDS TO ASIA FOR THE FIRST TIME

The Red Sea Fund, a program under the Red Sea Film Foundation, has opened submissions for post-production projects in the first cycle of the year, running from February 6 to February 27, 2025. For the first time, the Fund is now accepting submissions from Asia, welcoming voices from the...

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Business & Money | Wednesday 12 February, 2025 10:31 am

The Department of Finance In Ajman Organises The “Financial Innovation Hackathon” To Encourage Innovative Teamwork Towards Achieving Financial Sustainability

As part of its initiatives for “UAE Innovates” Month, the Department of Finance in Ajman launched the “Financial Innovation Hackathon”, which will continue from 10 to 13 February 2025, with the participation of representatives from government entities, suppliers, customers, and community...

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