Business & Money | Thursday 13 March, 2025 12:07 pm

Gross banks’ assets up by 2.4% to AED 4,56 billion at end of December 2024: CBUAE

The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 2.3%, from AED 924.8 billion at the end of November 2024 to AED 946.4 billion at the end of December 2024. The increase was brought about by AED 1.1 billion growth in currency in circulation outside banks and ...

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Business & Money | Thursday 13 March, 2025 12:05 pm

Emirates, Parsys design pioneering new telemedicine station for inflight customers

Emirates has joined forces with Parsys Telemedicine to introduce next generation equipment that will enable customers to receive high-quality, speedy medical care in the air. Emirates has invested more than US$2.4 million in co-designing the new equipment set with Parsys, which will be rolled out...

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Business & Money | Thursday 13 March, 2025 12:03 pm

Ministry of Cabinet Affairs honours DEWA for its digital leadership

Dubai Electricity and Water Authority (DEWA) received the ‘Most Innovative Digital Transformation’ award provided by the Ministry of Cabinet Affairs. This is in a recognition of DEWA’s outstanding achievements in innovation and digital transformation. DEWA received the award for its...

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Business & Money | Thursday 13 March, 2025 12:01 pm

AED800 million in cinema revenue in UAE in 2024

The UAE's dynamic cinema sector surged to AED800 million in revenue in 2024, fuelled by increasing audience engagement, and solidifying the nation's reputation as a key player in the film industry and a premier destination for global film premieres. With 1,262 films screened, and 15 million...

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Business & Money | Thursday 13 March, 2025 11:59 am

AD Maqta Technologies Group signs strategic partnership agreement with Pakistan Single Window

AD Ports Group today announced a strategic partnership agreement signed between its digital arm, Maqta Technologies Group and Pakistan Single Window (PSW), a state-owned entity, commissioned by the Federal Government of Pakistan as the operating body for the Pakistan Single Window System, a digital ...

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Business & Money | Thursday 13 March, 2025 11:56 am

Impact46 exits Rasan; return reaches 10x initial investment

Impact46, a leading fund manager in Saudi Arabia, licensed by the Capital Market Authority (CMA), focusing on investing in high growth technology companies, today announced its successful exit from Rasan Information Technology Company (“Rasan”) through an accelerated bookbuild offering. HSBC...

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Business & Money | Thursday 13 March, 2025 11:53 am

Electrical Industries, Tecnicas Reunidas sign SAR 129.4M contract

Electrical Industries Co. announced that one of its subsidiaries, Saudi Power Transformers Co. (SPTC), signed a transformer supply contract worth SAR 129.4 million with Tecnicas Reunidas Saudia for Services and Contracting Co. Ltd. In a statement to Tadawul, the company...

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Business & Money | Thursday 13 March, 2025 11:50 am

Dallah shareholders approve capital hike to acquire AYYAN’s stakes in Al-Ahsa, Al-Salam

Dallah Healthcare Co.’s shareholders approved on March 12 increasing capital from SAR 976.81 million to SAR 1.02 billion by issuing 3.89 million ordinary shares. The capital increase is part of Dallah’s plan to acquire AYYAN Investment Co.'s stakes in Al-Ahsa Medical Services Co. (97.41%)...

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Business & Money | Thursday 13 March, 2025 11:47 am

AMAK joins Industrial Sector Competitiveness Program

Almasane Alkobra Mining Co. (AMAK) joined the Industrial Sector Competitiveness Program by signing an agreement, which includes providing several solutions to help improve the efficiency and types of energy sources used in industrial facilities. The program will contribute to reducing the...

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Business & Money | Thursday 13 March, 2025 11:43 am

Saudi mega projects to see SAR 2.75B in residential real estate spend: Knight Frank

Private buyers in Saudi Arabia are expected to SAR 2.75 billion to buy residential properties with mega projects this year, according to a survey by global consultancy Knight Frank. Saudi citizens are forecast to spend SAR 2.62 billion, while residents will invest SAR 133.7 million, the survey ...

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