Business & Money | Sunday 15 December, 2024 9:47 am

Awqaf Abu Dhabi Director General Announces Launch of ‘Awqaf Capital’ at Abu Dhabi Finance Week

Awqaf Abu Dhabi today announced the establishment of Awqaf Capital, a strategic initiative that marks a significant milestone in Abu Dhabi's financial landscape and reinforces the emirate's position as ‘The Capital of Capital’. The announcement was made by HE Fahad Abdul Qader Al Qassim,...

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Business & Money | Sunday 15 December, 2024 9:31 am

New Murabba Signs MoU with National Center for Vegetation Cover Development and Combating Desertification, Pioneering Sustainable Urban Development

New Murabba signed a Memorandum of Understanding (MoU) with the National Center for Vegetation Cover Development and Combating Desertification (NCVC) in a landmark agreement for sustainable urban development. This strategic partnership underscores New Murabba's unwavering commitment to...

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Business & Money | Sunday 15 December, 2024 9:26 am

Arab Health event and congress contributed US$269.7 million to Dubai's economy during 2024 edition

Arab Health, the Middle East’s largest and most influential healthcare event and congress, has underscored its importance to the Dubai economy, contributing US$269.7 million in 2024. This economic impact boosted key sectors, including tourism, hospitality, logistics and healthcare...

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Business & Money | Sunday 15 December, 2024 9:22 am

Emirates NBD powers digital asset custody in the UAE through investment in Zodia Custody

Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region has invested in Zodia Custody, a prominent institution-first digital asset custodian.  The strategic equity investment was made by Emirates NBD’s Innovation Fund, the bank’s corporate...

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Business & Money | Sunday 15 December, 2024 9:14 am

Saudi Arabia to Host 2034 FIFA World Cup: New Murabba Stadium Set to Shine on the Global Stage

The Kingdom of Saudi Arabia proudly announces its selection as the host nation for the 2034 FIFA World Cup. In a landmark development, the New Murabba Stadium in Riyadh is set to play a central role in this global sporting event. The New Murabba Stadium will be one of 15 premier venues for...

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Business & Money | Friday 13 December, 2024 4:18 pm

Emirate Leads in Sustainable Growth with Record Non-Oil GDP, Green FDI Ranking –UAE Ministry of Economy

At the Ras Al Khaimah Investment and Business Summit, held on December 10th and 11th at the Al Hamra International Exhibition & Conference Center, H.E. Abdulla Al Saleh, Undersecretary at the UAE Ministry of Economy, highlighted the transformative economic reforms that have strengthened the...

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Business & Money | Friday 13 December, 2024 4:08 pm

Landmark AED 350 Million deal set to reshape Dubai Business District’s skyline

Pride and Property LLC, a UAE-based boutique real estate firm, has successfully facilitated a landmark land transaction valued at approximately AED 350 million. The plot, located in the prime Business District along Sheikh Zayed Road, is set to host a striking new tower that will redefine Dubai’s ...

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Business & Money | Friday 13 December, 2024 9:02 am

Gold prices likely to rise at slower pace in 2025: World Gold Council

The World Gold Council expects gold prices to rise at a slower pace in 2025, after notching some record-breaking levels this year.   In a report issued today, Dec. 12, the council explained that the yellow metal’s prices have so far climbed by more than 30% this year. However, next ...

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Business & Money | Friday 13 December, 2024 8:59 am

Dar Global has SAR 2.8B projects in Saudi market: CEO

The value of LSE-listed Dar Global Real Estate Co.'s projects since entering the Saudi market two months ago amounts to SAR 2.8 billion, as it targets investment in major cities with high demand from various nationalities, said CEO Ziad El Chaar, in an interview with Argaam. The favorable...

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Business & Money | Friday 13 December, 2024 8:56 am

Saudi Electricity Company Signs a Landmark $3.6 Billion International Financing Agreement

The Saudi Electricity Company (SEC) announced today, the signing of a $3.6 billion international syndicated financing agreement (equivalent to 13.5 billion SAR) with leading global and regional banks. The participating financial institutions include Industrial and Commercial Bank of China (ICBC),...

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