Business & Money | Wednesday 3 April, 2024 11:57 am

Emaar EC appoints Abdulaziz Alnowaiser as CEO, effective May 1

Emaar, the Economic City (“EEC”), the master developer of King Abdullah Economic City (“KAEC”), today (Wednesday 3rd April 2024) announces the Board of Directors’ decision to appoint Mr. Abdulaziz Ibrahim Alnowaiser as its new Chief Executive Officer, effective May 1st, 2024. With...

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Business & Money | Wednesday 3 April, 2024 10:55 am

Microsoft Surface Innovation Hub launched at Redington Office in UAE

Microsoft, in collaboration with leading technology distributor Redington, proudly inaugurated the Microsoft Surface Innovation Hub at Redington HQ in Dubai.  With an emphasis on collaboration, the Microsoft Surface Innovation Hub at Redington is positioned as a hub for decision makers to ...

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Business & Money | Wednesday 3 April, 2024 2:25 am

Automechanika Riyadh Academy 2024 to attract key speakers as the MEA automotive aftermarket to top US$69 billion by 2030

: Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, will provide a platform for thought leaders, experts, and industry professionals to gather and discuss the latest advancements, challenges, and trends in the Saudi Arabian automotive sector as the MEA...

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Business & Money | Wednesday 3 April, 2024 1:27 am

ROYAL COMMISSION FOR ALULA ESTABLISHES STRATEGIC PARTNERSHIP ON CULTURAL COLLABORATION AND HERITAGE PRESERVATION WITH CHINESE PROVINCE OF HENAN

The Royal Commission for AlUla (RCU) and Henan Provincial Cultural Heritage Administration have signed a strategic partnership on cultural collaboration and heritage preservation as RCU builds its global partnership network and deepens Saudi ties with China. The cultural collaboration...

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Business & Money | Wednesday 3 April, 2024 12:23 am

Online Marketplace Spending Skyrockets by 143% During Ramadan in the UAE

Checkout.com, a leading global payments solution provider, has predicted that online shopping in the UAE over the month of Ramadan will continue to surge across many key retail and service categories, reflecting how the country’s digital payment ecosystem is gaining more trust while becoming more ...

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Business & Money | Tuesday 2 April, 2024 11:58 am

Drake & Scull International General Assembly approves restructuring plan, capital increase up to AED 600 million

The General Assembly of Drake & Scull International PJSC, held on April 1, 2024, approved the recommendations made by the Board of Directors aimed at the implementation of the capital restructuring of the company and increasing the share capital by AED 600 million to become about 3.470 billion...

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Business & Money | Tuesday 2 April, 2024 11:56 am

MoIAT signs agreements with 16 strategic partners and sponsors of Make it in the Emirates Forum 2024

Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, Sarah Al Amiri, Minister of State for Public Education and Advanced Technology, and Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), witnessed the signing of 16 sponsorship agreements ahead ...

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Business & Money | Tuesday 2 April, 2024 11:54 am

Abu Dhabi’s non-oil economy expands 9.1%, drives real GDP to grow 3.1% in 2023

The Statistics Centre - Abu Dhabi (SCAD) has issued preliminary statistical estimates of the Gross Domestic Product (GDP), revealing a strong performance of the non-oil economy, which recorded a remarkable growth of 9.1 percent, and 3.1 percent growth of Abu Dhabi’s real GDP during 2023 compared...

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Business & Money | Tuesday 2 April, 2024 11:53 am

ADQ launches holding company Arcera to build a global life sciences powerhouse anchored in Abu Dhabi

ADQ, an Abu Dhabi-based investment and holding company, has announced the formation of Arcera, a global holding company in the life sciences sector headquartered in Abu Dhabi, UAE, that is aiming to be a leader in addressing and mitigating healthcare challenges by offering products that improve the ...

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Business & Money | Tuesday 2 April, 2024 11:46 am

UAE's GDP to grow by 4.2% in 2024, rising to 5.2% in 2025: Central Bank

The Central Bank of the United Arab Emirates (CBUAE) expects the country's Gross Domestic Product (GDP) to grow by 4.2 percent in 2024, rising to 5.2 percent in 2025, while maintaining its estimate for a 3.1 percent growth in 2023. In its quarterly economic review report for the fourth quarter ...

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