Business & Money | Sunday 31 December, 2023 9:15 am

International Trade in the Age of Cryptocurrency

International Trade in the Age of CryptocurrencyIn recent years, the world has witnessed a significant transformation in the way we conduct international trade. The emergence of cryptocurrency has revolutionized our traditional understanding of currency and ushered in a new era of digital...

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Business & Money | Sunday 31 December, 2023 9:08 am

Almarai Bakery Factory in Hail wins the Basma Award

The Almarai Bakery Factory in Hail won the award of HRH Prince Abdulaziz bin Saad bin Abdulaziz, Governor of Hail Region “Basma”, in its main branch as the best project that motivates and supports the process of sustainable development in the Hail region, which contributes to achieving the ...

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Business & Money | Saturday 30 December, 2023 1:20 am

UAE Farmers Council discusses initiatives to strengthen sustainability of agricultural sector

Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, chaired the ninth meeting of the Farmers' Council, to review the latest developments in the national agricultural sector and to discuss the Ministry’s initiatives to promote its sustainable growth. The meeting...

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Business & Money | Saturday 30 December, 2023 1:10 am

KEZAD Group welcomes AED20 million Excel Astra Fabrication Facility in KEZAD

Khalifa Economic Zones Abu Dhabi – KEZAD Group and UAE-based Excel ASTRA Engineering Construction have signed a 50-year lease agreement to set up a fabrication facility in KEZAD.Excel Astra to invest approximately AED20 million to build the facility on approximately 45,000 square metres of land...

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Business & Money | Saturday 30 December, 2023 1:01 am

Dubai Financial Market sees AED67.5 mn direct deal on Al Ramz Corporation shares

The Dubai Financial Market (DFM) has witnessed the execution of a large direct deal on the shares of Al Ramz Corporation Investment and Development PJSC with a total value of AED67.5 million. According to DFM data, the deal was executed on 48.2 million shares at an execution price of...

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Business & Money | Saturday 30 December, 2023 12:54 am

Saudi non-oil private sector investments 'key' in driving growth: IMF

The International Monetary Fund (IMF) said that robust non-oil private sector investments in Saudi Arabia will be the main factor in driving growth.   This comes with support from accelerating non-oil activities, including various major projects that underpin and further strengthen...

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Business & Money | Saturday 30 December, 2023 12:48 am

Accor plans to open 50 hotels in Saudi Arabia, Africa: Official

France's Accor plans to open 50 hotels in Saudi Arabia and Africa, Sabq newspaper reported, citing Jean Recher, Regional Vice-President for Development of Luxury Brands.   Saudi tourism sector is a new market for the company, Recher said, adding that Accor is restructuring its...

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Business & Money | Saturday 30 December, 2023 12:41 am

Industry Ministry resumes red sand exports from Eastern Province mining complex

The Ministry of Industry and Mineral Resources resumed the exports of red sand (sand dunes) from the licensed mining complex in Ghunan, the Eastern Province.   In a statement, the ministry added that this marks the first stage of resuming sand and gravel exports from several licensed ...

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Business & Money | Saturday 30 December, 2023 12:39 am

Alstom signs over EUR500M contract for AlUla tramway with RCU

France-based global rail transport company Alstom signed a contract valued at more than EUR 500 million with The Royal Commission for AlUla (RCU) to build the AlUla tramway.   The tram route is battery powered.   The low-carbon AlUla tramway will have 20 trains running ...

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Business & Money | Saturday 30 December, 2023 12:36 am

Giza Systems plans $140M investments in Saudi Arabia; to enter Oman, Kuwait in 2024

Egypt-based Giza Systems Co. is planning $200 million investments next year, of which $140 million, or 70% of the company’s investments, will be injected to boost the company’s presence in Saudi Arabia, Chairman Osama Sorour told Asharq News.   Giza Systems pumped $450 million...

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