Business & Money | Wednesday 31 January, 2024 1:34 am

IMF raises Saudi GDP growth forecasts to 5.5% in 2025

The International Monetary Fund (IMF) raised its expectations for growth of the Saudi economy by about 1.3% to 5.5% for the year 2025, from the 4.2% it expected last October. The fund also said that the Saudi economy is likely to grow by 2.7% in 2024, compared to its previous projections of 4% ...

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Business & Money | Wednesday 31 January, 2024 1:29 am

Media World Signs Landmark Deal Valued Over AED 100 Million for MENA's Largest High-Resolution Outdoor Digital Screen

Media World, a leading multi-platform media group, has announced the signing of a monumental agreement with RSG Group of Companies (RSG Group) to acquire and operate the largest outdoor high-resolution digital screen in the Middle East and North Africa (MENA) region. The long-term deal was...

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Business & Money | Wednesday 31 January, 2024 1:16 am

UAE, UK explore opportunities to strengthen economic partnership

In a bid to enhance economic ties between the UAE and the United Kingdom, Abdulla bin Touq Al Marri, Minister of Economy, recently met with Greg Hands, British Minister of State (Department for Business, Energy Industrial Strategy). The bilateral meeting explored new opportunities for economic and...

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Business & Money | Wednesday 31 January, 2024 1:02 am

Abdul Latif Jameel Health announces a strategic acquisition of a majority stake in Genpharm

Abdul Latif Jameel Health, part of Abdul Latif Jameel, a nearly 80-year old internationally diversified business, today announced its strategic acquisition of a majority stake in Genpharm, the leading partner for rare diseases with market access across the Middle East,...

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Business & Money | Wednesday 31 January, 2024 12:41 am

"Skyline Builders" Marks Historic Entry into Dubai Real Estate with Avant Garde Residences, Sells 50% During Grand Opening

In a landmark event on the 27th and 28th of January 2024, Skyline Builders, Kerala’s renowned real estate developer, marked a historic milestone with the grand unveiling of its inaugural project in Dubai – Avant Garde Residences. The event coincided with the opening of the Dubai headquarters in ...

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Business & Money | Wednesday 31 January, 2024 12:40 am

Cenomi Centers reports 19% footfall rise to 124M in 2023

Arabian Centres Co. (Cenomi Centers) reported a surge in occupancy rates and visitor number in 2023, as its 22 malls in 10 major Saudi cities received 124 million visitors.   This represents a 19% year-on-year (YoY) rise in footfall, surpassing the pre-Covid level of 114...

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Business & Money | Tuesday 30 January, 2024 9:04 pm

Dubai Customs Makes Waves with Triple Certification Triumph: Elevating Governance, Quality, and Excellence to New Heights

In line with Dubai government's commitment to embrace global best practices, elevate work quality, and achieve institutional excellence, Dubai Customs has achieved a noteworthy milestone. The government department has secured the ISO 37000:2021 Governance Management Standard certification by...

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Business & Money | Tuesday 30 January, 2024 8:18 pm

IMF raises 2024 global growth forecast to 3.1%

The global economy begins the final descent toward a soft landing, with inflation declining steadily and growth holding up, announced the IMF’s Chief Economist, Pierre Olivier-Gourinchas in a press briefing today, January 30, in Johannesburg. But the pace of expansion remains slow, and turbulence ...

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Business & Money | Tuesday 30 January, 2024 9:35 am

UAE healthcare authorities unite for Public Health Conference at Arab Health, emphasising collaborative approaches and future priorities

UAE healthcare authorities, including the Ministry of Health and Prevention (MoHAP), Department of Health - Abu Dhabi (DOH), Dubai Health Authority (DHA), Abu Dhabi Health Services Company (SEHA), and Emirates Health Services (EHS) united this morning to support the Public Health Conference 2024...

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Business & Money | Tuesday 30 January, 2024 9:22 am

Four Seasons Hotel Riyadh Elevates Operational Excellence Through Partnership with Axonify

Four Seasons Hotel Riyadh has partnered with Axonify, a leading provider of operational excellence solutions, based on brain science and AI, to deliver personalized learning to colleagues as part of its mission to prioritize employee performance, development and align learning outcomes with...

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