Business & Money | Wednesday 28 February, 2024 4:16 pm

UAE economy expected to grow by 5% in 2024: Minister

Abdullah bin Touq Al Marri, Minister of Economy, has predicted that the UAE economy will grow by up to 5% in 2024. Speaking to the Emirates News Agency (WAM), the minister pointed out that more than 73% of the national economy is now non-oil, a historic first for the country. "This achievement ...

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Business & Money | Wednesday 28 February, 2024 4:13 pm

FAB aims to triple China business by 2026, advancing Sino-MENA corridor trade and investment

First Abu Dhabi Bank (FAB) is steadily solidifying its role as the go-to bank for UAE-Chinese and Sino-MENA trade and investment, with plans to triple revenue from its China business by 2026. The Group, which maintains the only fully licenced branch of a UAE bank in mainland China and grew its...

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Business & Money | Wednesday 28 February, 2024 9:30 am

Amazon Connect Launches Generative AI for Enhanced Productivity and Customer Service

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), has announced new generative AI capabilities in Amazon Connect, its cloud contact center service. The enhancements include the addition of Amazon Q in Connect, which provides agents with recommended responses and...

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Business & Money | Wednesday 28 February, 2024 9:29 am

Azizi Developments wins “Best Community Developer” award at 2024 Pillars of Real Estate Awards

Azizi Developments, a leading private developer in the UAE, was honored with the prestigious ‘Best Community Developer’ award at the 2024 Pillars of Real Estate Awards, held at Habtoor Palace Dubai on February 26th, 2024. The award was received by Mr. Farhad Azizi, CEO of Azizi...

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Business & Money | Wednesday 28 February, 2024 9:01 am

Sulaiman Al Habib’s shareholder transfers 17.4M shares to subsidiary

Dr. Sulaiman Al Habib Medical Services Group received a letter, on Feb. 27, from Mohammed Abdulaziz Al Habib and Sons Holding Co., one of its major shareholders, which stated the intention of an internal restructure, according to a statement to Tadawul. The restructure will be through a...

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Business & Money | Wednesday 28 February, 2024 6:05 am

Embracing the Digital Age: The Rise of Cryptocurrency Exchanges

In the bustling markets of Riyadh, where tradition meets modernity, the concept of cryptocurrency is slowly carving its niche. Amidst this financial evolution, the BTC to USD price today serves as a potent reminder of the volatile yet enticing world of digital currencies. This juxtaposition of ...

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Business & Money | Tuesday 27 February, 2024 11:04 am

Ferrero Gulf Unveils New Regional Headquarters in Downtown Dubai

Ferrero Gulf marks the new year in brand new headquarters Inaugurated by His Excellency Abdullah Al Saleh, the Under Secretary of the Foreign Trade and Industry at the UAE Ministry of Economy and His Excellency Lorenzo Fanara, the Ambassador of Italy in UAEThe new office also welcomes a new...

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Business & Money | Tuesday 27 February, 2024 9:46 am

Saudi Tejoury Strengthens Regional Presence with New Regional Headquarters in Dubai Investments Park

Tejoury, a pioneering Saudi company specializing in records management, digital transformation, and business process outsourcing, unveils new regional hub in Dubai Investments Park (DIP) as it expands its reach to serve government and private entities across the entire Middle East...

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Business & Money | Tuesday 27 February, 2024 9:44 am

ENOC Group’s innovative ideas drive AED 92.3 million in overall net financial gains

ENOC Group, a leading integrated global energy player, concluded 2023 on a promising note with 1,063 creative ideas submitted by employees, of which 178 were implemented. Over the years, the creative ideas contributed to AED 92,270,167 in overall net financial gains. In alignment with the UAE...

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Business & Money | Tuesday 27 February, 2024 9:33 am

Jeddah Historic District Program and Al Balad Development Company Sign Agreement to Operate Heritage Hotels

Jeddah Historic District Program, under the patronage of the Saudi Ministry of Culture, has signed an agreement with Al Balad Development Company, a PIF Company, to operate heritage hotels in the Jeddah Historic District. The move aims to develop the tourism sector in the area, enhance the level of ...

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