Business & Money | Thursday 3 July, 2025 9:45 am

G42 accelerates procurement efficiency by 40% with new AI-powered tool from Inception

G42, the Abu Dhabi-based global technology group, has announced the release and implementation of a new cutting-edge procurement optimisation tool developed by its portfolio company, Inception. The new AI-powered platform, (In)Business Procurement, will deliver results, reduce sourcing and...

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Business & Money | Thursday 3 July, 2025 9:43 am

Federal Tax Authority holds workshop on Corporate Tax for Family Foundations

The Federal Tax Authority (FTA) hosted a workshop in Abu Dhabi to shed light on Corporate Tax rules for Family Foundations and the conditions needed to categorise an entity as a Family Foundation under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses “Corporate Tax ...

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Business & Money | Thursday 3 July, 2025 9:40 am

MoEI organises first customer council on mortgage release procedure after loan repayment

The Ministry of Energy and Infrastructure (MoEI) organised its first customer council meeting dedicated to discussing the mortgage release procedure after loan repayment. The meeting aimed to enhance transparency, improve service efficiency, and gather feedback from beneficiaries. This...

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Business & Money | Thursday 3 July, 2025 9:32 am

AD Ports Group, Ningbo Zhoushan Port Group to establish automotive logistics ecosystem

AD Ports Group and Zhejiang Provincial Seaport Investment & Operation Group Co., Ltd. (Ningbo Zhoushan Port Group), one of China’s largest and most dynamic port operators, have entered into a preliminary strategic agreement to establish a comprehensive automotive logistics ecosystem...

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Business & Money | Thursday 3 July, 2025 9:21 am

Atlas Elevators to supply, install elevators for NHC project

Atlas Elevators General Trading and Contracting Co. signed on July 2 a supply and installation agreement with Al-Sabq Al-Arabi Company for Trading and Contracting (SATC) — the main contractor for the National Housing Company’s (NHC) Al-Fursan project. The value of the agreement can...

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Business & Money | Thursday 3 July, 2025 9:00 am

Riyad Bank plans USD-denominated T2 trust certificates

Riyad Bank announced plans to issue USD-denominated, tier 2 trust certificates under its international trust certificate issuance program, updated on May 16, 2025, and based on its board of directors’ resolution dated Aug. 9, 2024, according to a statement to Tadawul. The issuance is...

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Business & Money | Wednesday 2 July, 2025 12:09 pm

SINGAUTO to establish AED100 million smart logistics facility in KEZAD

Khalifa Economic Zones Abu Dhabi – KEZAD Group and SINGAUTO, a Singapore-based tech innovator, have announced the signing of a 50-year land lease agreement to establish a state-of-the-art facility in KEZAD Area A (KEZAD Al Ma’mourah). SINGAUTO has committed AED100 million in investments to ...

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Business & Money | Wednesday 2 July, 2025 12:07 pm

GCAA convenes Aviation Safety Consultative Conference to advance regulatory innovation

The General Civil Aviation Authority (GCAA) hosted the Aviation Safety Consultative Conference (ASCC) 2025 at Jumeirah Creekside Hotel in Dubai, bringing together key aviation stakeholders from across the UAE under the theme “Regulatory Innovation and Operational Excellence.” The...

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Business & Money | Wednesday 2 July, 2025 12:03 pm

Dubai Airshow 2025 unveils main agenda, accompanying activities

Dubai Airshow has announced that registration is now open for its 19th edition, which will be held from 17th to 21st November at Dubai World Central. The event aims to create a major transformation in the aviation sector through a programme designed to enhance engagement, connectivity, and...

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Business & Money | Wednesday 2 July, 2025 12:01 pm

Ports, Customs and Free Zone Corporation won the gold award in the category of ‘Community Engagement for Government Entities’

 The Ports, Customs and Free Zone Corporation (PCFC) has been awarded the prestigious title of ‘Global Leader in Social Responsibility’ by The International CSR Excellence Awards. The UK-based award programe ranked PCFC with the gold award globally in the category of ‘Community...

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