Business & Money | Tuesday 17 December, 2024 10:23 am

Dubai Customs handles over 1.23 million bags, 281,775 passengers on board 187 cruise ships between Jan -Nov 2024

Dubai Customs announced that its Passenger Operations Department efficiently handled over 1.23 million bags for 281,775 passengers on board 187 cruise ships between January and November 2024. This underscores its commitment to providing world-class customs services at Port Rashid and Dubai...

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Business & Money | Tuesday 17 December, 2024 10:22 am

Abdullah bin Touq launches fifth season of World’s Coolest Winter Campaign

Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council, announced the launch of the fifth season of the World’s Coolest Winter Campaign, under the theme ‘Green Tourism’. Launched in collaboration between the Ministry of Economy and the National...

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Business & Money | Tuesday 17 December, 2024 10:14 am

KAEC investments at SAR 20B, set to rise in coming years: Official

Investments in King Abdullah Economic City (KAEC) currently stand at SAR 20 billion and are set to rise to SAR 25 billion in the next two years, said Majed Matbouli, Head of Industrial Valley & Special Economic Zone, KAEC. The figure is expected to increase in the coming years with the...

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Business & Money | Tuesday 17 December, 2024 10:03 am

Retal signs SAR 349M contract with subsidiary to build 502 residential units

Retal Urban Development Co. signed a 30-month contract with its subsidiary, Building Construction Co. (BCC), to build 502 residential units in Al-Fursan district, Riyadh. The contract, with no preferential terms, is valued at SAR 349 million, excluding taxes, if any, the company ...

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Business & Money | Tuesday 17 December, 2024 9:35 am

Soudah Development Launches an English Language Program for Candidates from Soudah and Rijal Almaa

Soudah Development, a Public Investment Fund Company, has announced the launch of its English language program for applicants from Soudah and Rijal Almaa. The training will start on January 12th, 2025, and registration is now open for this initiative that aims to equip participants with the...

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Business & Money | Tuesday 17 December, 2024 9:31 am

UAE Payments Revenue Pool Projected to Reach $27.3 Billion by 2028, Maintaining Strong Growth Trajectory

 The UAE’s payments industry is poised to achieve significant growth, with total revenues projected to reach $27.3 billion by 2028, according to the latest Global Payments Report 2024 from Boston Consulting Group (BCG). Despite a global slowdown in growth rates, the UAE continues to lead in...

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Business & Money | Tuesday 17 December, 2024 9:24 am

AI Use in the Utilities Sector to Receive Major Boosts as EtihadWE Signs MoU with New York University Abu Dhabi on the Sidelines of IDRA World Congress

Etihad Water and Electricity (EtihadWE) has signed a Memorandum of Understanding (MoU) with New York University Abu Dhabi to explore areas of collaboration in electricity and water. The exploration aims to identify and evaluate potential AI applications in the energy and water sectors that will be...

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Business & Money | Tuesday 17 December, 2024 9:17 am

Iraqi Securities Commission and Abu Dhabi Securities Exchange discuss mutual collaboration

 During an official visit to Abu Dhabi, His Excellency Mr. Faisal Al-Haimus, President of the Iraqi Securities Commission (ISC) met with Mr Abdulla Salem Alnuaimi, Group Chief Executive Officer of the Abu Dhabi Securities Exchange Group (ADX), one of the world’s fastest-growing exchanges....

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Business & Money | Monday 16 December, 2024 11:06 am

XRG, bp close deal to launch new natural gas platform 'Arcius Energy'

- XRG and bp today announced they have reached financial close and completed the formation of their new joint venture (JV) and international natural gas platform – Arcius Energy. Announced in February 2024, the JV is 51% owned by bp and 49% by XRG, ADNOC's transformative energy investment...

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Business & Money | Monday 16 December, 2024 11:04 am

UAE wraps up COP16 participation

The UAE concluded its participation in the 16th session of the Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification (UNCCD) by emphasising the importance of strengthening international cooperation to develop practical solutions for halting desertification and ...

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