Business & Money | Wednesday 23 August, 2023 10:26 am

GCAA confirms readiness of UAE’s airports to welcome COP28 guests

Saif Al Suwaidi, Director-General of the General Civil Aviation Authority (GCAA), said that the country’s airports are ready to receive the guests of COP28, which will take place at Expo City Dubai from 30th November to 12th December, 2023. Al Suwaidi told the Emirates News Agency (WAM) that ...

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Business & Money | Wednesday 23 August, 2023 9:04 am

MSMEs in Saudi Arabia rise to 1.23 mln in Q2 2023: Monsha’at

The number of micro, small and medium-sized enterprises (MSMEs) in Saudi Arabia rose to 1.23 million by the end of Q2 2023, an increase of 3% compared to Q1 2023, the Small and Medium Enterprises General Authority (Monsha’at) said in a report.   MSMES constituted around 99.7% of...

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Business & Money | Tuesday 22 August, 2023 9:16 pm

Finding the Top Trading Platform in the UAE

In the bustling financial landscape of the United Arab Emirates (UAE), traders are presented with diverse opportunities across various markets. To harness these opportunities effectively, selecting the right trading platform is paramount. A trading platform serves as the gateway to the trading...

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Business & Money | Tuesday 22 August, 2023 2:01 pm

RAKEZ witnesses significant growth in holding company registrations

Ras Al Khaimah Economic Zone (RAKEZ) reported a remarkable surge in the registration of holding companies since introducing this company structure in 2020. The consistent rise in registrations highlights the growing appeal of this innovative investment vehicle, as the total number of holding...

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Business & Money | Tuesday 22 August, 2023 12:28 pm

Nutanix Promotes Talal Al-Saif as Regional Sales Director for Central Gulf and Egypt

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced the appointment of Talal Al-Saif to Multi Sub-Regional Sales Director, responsible for the sub-regions of Central Gulf (Saudi, Qatar and Bahrain) and Egypt. Based in Saudi, Talal will focus on driving regional digital...

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Business & Money | Tuesday 22 August, 2023 10:19 am

Gartner Places Generative AI on the Peak of Inflated Expectations on the 2023 Hype Cycle for Emerging Technologies

Generative artificial intelligence (AI) is positioned on the Peak of Inflated Expectations on the Gartner, Inc. Hype Cycle for Emerging Technologies, 2023, projected to reach transformational benefit within two to five years. Generative AI is encompassed within the broader theme of emergent...

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Business & Money | Tuesday 22 August, 2023 9:13 am

Tibbiyah’s unit signs SAR 25.9 mln supply contract with NUPCO

Arabian International Healthcare Holding Co. (Tibbiyah) announced that its fully owned subsidiary, Al Faisaliah Medical Systems (FMS), signed, on Aug. 21, a purchase and supply contract worth SAR 25.9 million with the National Unified Procurement Co. (NUPCO), according to a statement to...

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Business & Money | Tuesday 22 August, 2023 2:29 am

ADX partners with 'Tawasal SuperApp' to offer real-time market updates

bu Dhabi Securities Exchange (ADX) has partnered with Tawasal SuperApp, a secure multi-purpose messenger and super app, to enable investors to access real-time ADX updates directly within the app. As part of the partnership, Tawasal users will gain access to a comprehensive range of real-time...

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Business & Money | Tuesday 22 August, 2023 1:09 am

UAE banking sector prioritises sustainable financing to support economic and social development

UAE Banks Federation (UBF), the sole representative and unified voice of banks in the UAE, revealed the remarkable success of the UAE banking and financial sector in developing sustainable banking solutions in line with the UAE's strategy to reduce emissions and achieve climate neutrality by 2050...

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Business & Money | Monday 21 August, 2023 1:38 pm

Alabbar says Saudi contributes 10% to Emaar's business, plans more investments

Mohamed Alabbar, the founder of Emaar Properties, said that the company's operations in Saudi Arabia currently account for 10% of its total business, seeking to increase investment in the Kingdom’s real estate sector.    In an interview with Al-Arabiya...

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