Business & Money | Wednesday 2 October, 2024 10:39 am

du Pay partners with Emirates NBD to elevate digital payment solutions in the UAE

du Pay, the advanced digital financial services arm of du, today announced an innovative partnership with Emirates NBD. The partnership offers every du Pay user a unique virtual IBAN, streamlining the process of sending and receiving funds within the UAE directly through the du Pay...

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Business & Money | Wednesday 2 October, 2024 10:37 am

Major Developers Break Ground on AED 1 Billion Manta Bay Project, Redefining Ras Al Khaimah's Luxury Real Estate Sector

Major Developers has officially broken ground on the Manta Bay project, a transformative addition to Ras Al Khaimah’s luxury real estate landscape. The ceremony held (Thursday, September 19, 2024) on Al Marjan Island, underscores the developer’s commitment to fostering the emirate's future...

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Business & Money | Wednesday 2 October, 2024 10:33 am

Automechanika Dubai to showcase classic car parts and equipment manufacturers from around the world

Automechanika Dubai, the leading event for the automotive aftermarket industry, will feature an extensive lineup of 244 classic car parts and equipment manufacturer exhibitors when it returns for its 21st edition from 10-12 December at the Dubai World Trade Centre.  With 40% of the...

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Business & Money | Wednesday 2 October, 2024 10:30 am

ROSHN Secures Nine Billion Saudi Riyal Syndicated Credit Facility

ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and a PIF Company, has secured a nine billion Saudi Riyal (USD 2.4 billion) syndicated credit facility. The unsecured revolving credit facility will be for a duration of five years and is part of ROSHN’s funding...

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Business & Money | Wednesday 2 October, 2024 10:28 am

M42’s Environmental Sciences team wins Biotechnology - Environmental Services Award at Middle East Technology Excellence Awards 2024

M42’s Environmental Sciences team has won the prestigious Biotechnology - Environmental Services Award at the Middle East Technology Excellence Awards 2024 for its groundbreaking initiative, Pioneering Marine Conservation: Advanced Genomic Sequencing and AI for Sustainable Biodiversity...

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Business & Money | Wednesday 2 October, 2024 10:25 am

Nayyer Group establishes its manufacturing unit in Ras Al Khaimah to serve global markets

Nayyer Group, a leading geotextile and carpet producer from Pakistan, is establishing its subsidiary—Nayyer Carpets—with a state-of-the-art manufacturing unit in Ras Al Khaimah. Spanning 57,000 m2, this new facility in RAKEZ Al Ghail Industrial Zone is set to manufacture a variety of products,...

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Business & Money | Wednesday 2 October, 2024 10:22 am

ADFD in strategic partnership with EMSTEEL Group to support national industries

 In line with Abu Dhabi Fund for Development’s (ADFD) commitment to strengthening strategic partnerships with leading Emirati companies, a delegation from the Abu Dhabi Exports Office (ADEX), the export financing arm of ADFD, visited EMSTEEL Group (formerly known as Emirates Steel Arkan)....

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Business & Money | Wednesday 2 October, 2024 10:17 am

“Saudi Re” Appoints Ahmed Al-Jabr as New CEO

Saudi Reinsurance Company "Saudi Re" announced the appointment of Ahmed Al-Jabr as its new Chief Executive Officer, effective October 1st, 2024. Al-Jabr, who has been with Saudi Re since 2011, previously held the position of Chief Operations Officer before being promoted to the role of Deputy...

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Business & Money | Wednesday 2 October, 2024 10:13 am

SEE Holding Showcases 10 Years of Solar Innovation with City Solar at WETEX 2024

 SEE Holding, the mastermind behind The Sustainable City brand, is showcasing its pioneering solar subsidiary, City Solar, at WETEX 2024, the region’s leading exhibition for water, energy, technology, and the environment. Celebrating its 10th anniversary, City Solar will highlight its...

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Business & Money | Tuesday 1 October, 2024 11:09 am

Saudi economy set to record positive growth rates in 2025: Al-Jadaan

Minister of Finance Mohammed Al-Jadaan said he expects the Saudi economy to record positive growth rates during 2025 and in the medium term, thanks to the continued implementation of reforms, strategies and projects under Vision 2030. Thus, the Kingdom continues to diversify its economic base, ...

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