Business & Money | Sunday 10 March, 2024 11:26 am

US$ 2 billion earmarked for Saudi real estate by Muslim global HWNIs.

Muslim global high net worth individuals (HNWI) are prepared to spend US$ 1.96 billion on real estate in the Holy Cities of Makkah and Madinah, according to global property consultancy Knight Frank’s inaugural Destination Saudi report Knight Frank surveyed 506 Muslim global HNWI...

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Business & Money | Sunday 10 March, 2024 11:02 am

Dubai Women Establishment Awarded with Moro Hub's Green Cloud Certification

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), awarded a certificate to Dubai Women Establishment (DWE), a government entity that supports the effective Women participation in leadership and the socio-economic future of Dubai through...

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Business & Money | Sunday 10 March, 2024 10:57 am

Mohammed bin Rashid Innovation Fund Partners with Hope Ventures to Facilitate Investment Opportunities

Mohammed bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support innovation in the UAE, and Hope Ventures, the investment arm of Hope Fund in the Kingdom of Bahrain, enter a strategic partnership to empower UAE-based entrepreneurs and businesses through...

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Business & Money | Sunday 10 March, 2024 10:38 am

MOHAMMED BIN RASHID AEROSPACE HUB SIGNS AGREEMENT WITH ATS TECHNIC TO OPEN A NEW FACILITY AT DUBAI SOUTH

Mohammed Bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai dedicated to the advancement of the aviation industry, signed an agreement with ATS Technic to launch its new facility at Dubai South. ATS Technic is the leading provider of line maintenance and logistics services for a wide ...

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Business & Money | Saturday 9 March, 2024 8:42 am

Sheikh Zayed Housing Programme approves 460 housing assistance applications for citizens worth AED350 million

The Ministry of Energy and Infrastructure, represented by the Sheikh Zayed Housing Programme, has approved 460 housing aids for citizens, totalling approximately AED350 million on the occasion of the Holy Month of Ramadan. The assistance includes grants, loans and government housing. The...

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Business & Money | Saturday 9 March, 2024 8:29 am

Saudi Arabia spends SAR 35B on digital transformation: Official

Saudi Arabia's spending on digital transformation has exceeded nearly SAR 35 billion so far, said Hisham Al Sheikh, Vice Governor of the Shared Services Sector in the Digital Government Authority.   He indicated that spending on digital transformation will continue, Al Eqtisadiah...

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Business & Money | Saturday 9 March, 2024 8:26 am

REGA requests property owners in 56 districts to register

Saudi Arabia's Real Estate General Authority (REGA) called on property owners to register their properties in 56 districts across Riyadh, Dammam, and Madinah from until March 28, 2024.      In a statement, REGA said the first phase of registration will take...

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Business & Money | Saturday 9 March, 2024 8:25 am

PIF-backed Ceer to develop SAR 5B EV facility in Saudi Arabia

Ceer, the first Saudi electric vehicle (EV) brand and original equipment manufacturer (OEM), will develop a nearly SAR 5 billion EV manufacturing facility in King Abdullah Economic City.   The project will span over one million square meters (sqm), with an area under roof of 530,000...

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Business & Money | Saturday 9 March, 2024 8:09 am

LEAP24 witnesses launch of $13.4B investments

The third edition of LEAP 24 conference witnessed the launch of investments worth more than $13.4 billion, said Faisal Al-Khamissi, Chairman of the Saudi Federation for Cyber Security and Programming (SAFCSP).   LEAP 24 has officially become the most attended technical conference in...

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Business & Money | Friday 8 March, 2024 7:08 am

ADCB approves cash dividends of AED0.56 per share amounting to AED4.099 bn

Abu Dhabi Commercial Bank (ADCB) has approved the Board of Director’s proposal to distribute a cash dividend of AED0.56 per share, translating to a total pay-out of AED4.099 billion equivalent to 50% of the Net Profit in 2023. This came as the ADCB today held its physical-cum-virtual 40th...

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