Business & Money | Tuesday 31 December, 2024 12:08 pm

UAE to expand CEPAs in 2025, says Thani Al Zeyoudi

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has affirmed that the UAE will continue to increase its Comprehensive Economic Partnership Agreements (CEPAs) in 2025, targeting additional countries to maximise benefits for the UAE and its global trade partners. Minister Al ...

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Business & Money | Tuesday 31 December, 2024 12:02 pm

UAE Fuel Price Committee announces prices for January

The UAE Fuel Price Committee has approved the fuel prices for January 2025 as follows: - Diesel: AED2.68 per litre. - Super "98": AED2.61 per litre. - Special "95": AED2.50 per litre. - E-Plus "91": AED2.43 per litre. ...

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Business & Money | Tuesday 31 December, 2024 12:00 pm

National Agenda for Integrated Waste Management supports circular economy in UAE

In line with the National Framework for Sustainable Management, the National Agenda for Integrated Waste Management—launched by the Ministry of Climate Change and Environment (MOCCAE) in collaboration with local authorities across the UAE—aims to support the circular economy and advance...

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Business & Money | Tuesday 31 December, 2024 11:02 am

ADNOC ICV programme to drive AED200 billion into UAE economy in 5 years

ADNOC is set to drive AED200 billion into the UAE's economy over the next five years through its In-Country Value (ICV) programme. This strategic initiative will boost economic growth and diversification, reinforcing ADNOC's commitment to supporting the nation's long-term prosperity. This ...

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Business & Money | Tuesday 31 December, 2024 10:53 am

UAE supplies Japan with 38.2% of oil imports in November 2024

Japan’s oil imports from the UAE amounted to 27.16 million barrels, representing 38.2 percent of total imports in November 2024, according to data from the Agency for Natural Resources and Energy under Japan’s Ministry of Economy, Trade and Industry. In the same month, Japan imported...

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Business & Money | Tuesday 31 December, 2024 9:59 am

51Talk Student Becomes Saudi Arabia's Youngest Environmental Influencer at Impact Makers Forum

Nine-year-old Fareed Mohammed Felemban, a student of global online education platform 51Talk, delivered a compelling speech at the inaugural Impact Makers Forum, marking a significant milestone as the event's youngest speaker. The young environmental advocate from Jeddah, who previously spoke at...

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Business & Money | Tuesday 31 December, 2024 9:54 am

Investors not in Saudi Arabia missing golden opportunity: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said that investors not investing in Saudi Arabia are missing a golden opportunity, primarily multinational companies that seek to export products to global markets. In an interview with Asharq News, he noted that the Saudi market is ...

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Business & Money | Tuesday 31 December, 2024 9:50 am

WAJA obtains SAR 16M financing from Alinma Bank

WAJA Co. signed a Shariah-compliant facility agreement worth SAR 16 million with Alinma Bank. In a statement to Tadawul, the company said the funds would go towards financing Shariah-compliant letters of credit, bank guarantees, and Tawarruq. The financing period is one year and the...

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Business & Money | Tuesday 31 December, 2024 9:48 am

Commerce Ministry approves Binyah capital hike to SAR 300M: Al Akaria

Saudi Real Estate Co. (Al Akaria) stated that its 60%-owned subsidiary Saudi Arabia Real Estate Infrastructure & Construction Co. (Binyah) obtained on Dec. 30 the Ministry of Commerce approval to increase capital from SAR 50 million to SAR 300 million. In a Tadawul statement, the company...

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Business & Money | Tuesday 31 December, 2024 9:43 am

2P reaches SAR 4M settlement for headquarters fire

Perfect Presentation for Commercial Services Co. (2P) stated that it reached on Dec. 30 a full and final settlement of SAR 4 million with Arabian Shield Insurance Co. for the insurance claim for damages from the fire that broke out at the company’s headquarters. The relevant financial impact ...

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