Business & Money | Thursday 20 February, 2025 12:26 pm

YesAgain Group expands into Middle East with new hub at SAIF Zone

YesAgain, one of the world’s largest Microsoft-Authorised Refurbisher for electronics maintenance and refurbishment companies and an ISO 9001, ISO 14001 and ISO 45001 Certified, has launched its new Middle East facility in the Sharjah Airport International Free Zone (SAIF Zone), adding yet...

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Business & Money | Thursday 20 February, 2025 12:24 pm

IDEX and NAVDEX 2025 secure AED19.95 billion in contracts over three days

Tawazun Council, the authority responsible for managing acquisitions, procurement, and contracts on behalf of the Ministry of Defense and security agencies—announced the signing of 10 contracts valued at a total of AED10.18 billion with both local and international companies during the third day...

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Government | Thursday 20 February, 2025 12:22 pm

FTA increases inspection visits to 93,000 in 2024

In efforts that support the protection of consumer rights, the Federal Tax Authority (FTA), in cooperation with the relevant authorities, stepped up its implementation of control plans, in 2024, the aim being to combat tax evasion and increase the level of tax compliance, across the UAE. In...

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Business & Money | Thursday 20 February, 2025 12:20 pm

DP World records highest cargo volumes at Jebel Ali Port since 2015

DP World has delivered another standout year for trade, recording its highest container and breakbulk cargo volumes at Jebel Ali Port since 2015. The port handled 15.5 million twenty-foot equivalent units (TEUs) in 2024, up 1 million TEUs on the previous year. This marks the highest throughput ...

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Business & Money | Thursday 20 February, 2025 12:17 pm

Etihad Airways announces highest-ever profit of AED1.7 billion in 2024

Etihad Airways today announced its results for the full year 2024, recording strong performance across all key metrics with an AED1.7 billion (US$476 million) profit after tax driven by AED20.8 billion (US$5.7 billion) passenger revenue and AED4.2 billion (US$1.1 billion) Cargo revenue, alongside...

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Business & Money | Thursday 20 February, 2025 12:14 pm

UAE hotels generate AED37.1 billion in first 10 months of 2024

The UAE's tourism sector continues its positive trajectory, driven by the leadership's forward-thinking vision, according to Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the UAE Tourism Council. Hotel establishments generated approximately AED37.1 billion in revenue from...

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Business & Money | Thursday 20 February, 2025 12:01 pm

Aramco plans to acquire 25% of Philippines’ Unioil

Saudi Aramco signed definitive agreements to acquire a 25% equity stake in Unioil Petroleum Philippines, one of the largest petroleum companies in the Philippines. In an emailed statement to Argaam today, Feb. 19, Aramco said the planned acquisition, which is subject to customary...

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Business & Money | Thursday 20 February, 2025 11:48 am

ACWA Power, SEC sign SAR 13.4B PPA for Qurayyah station project

Saudi Electricity Co. and ACWA Power Co. signed on Feb. 19. a power purchase agreement (PPA), with Saudi Power Procurement Co. (SPPC) – the primary buyer – to purchase power for Qurayyah IPP Power Project expansion project using a combined cycle system. In separate statements on...

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Tourism & Hospitality | Thursday 20 February, 2025 10:13 am

Il Baretto honours Saudi Founding Day with live craft display and special menu - celebrating of heritage, produce and tradition

The 22nd February will see Il Baretto come alive with Saudi spirit, crafts and traditions, collaborating with Turquoise Mountain and an offering limited-edition menu   In an immersive celebration of the heritage, hospitality, traditions and produce of the Kingdom, Il Baretto Riyadh...

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Business & Money | Thursday 20 February, 2025 8:32 am

"Jazeera Paints" and "NHC" Signed A Cooperation Agreement During the Real Estate Future Forum 2025

“Jazeera Paints”, the leading company in the industry of paints, colors and construction solutions in KSA and MENA, signed a cooperation agreement with NHC, the largest real estate developer in the Middle East during the Real Estate Future Forum 2025 in Riyadh. This agreement aims to unify ...

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