Business & Money | Wednesday 5 February, 2025 9:49 am

AD Ports Group signs 50-year land lease agreement with Al Ain Mills for grains storage facility

AD Ports Grouphas signed a 50-year land lease agreement with Al Ain Mills, a member of Al Hazaa Investment Group. This strategic partnership will see the development of a state-of-the-art grain storage and processing facility at Khalifa Port at South Quay, further enhancing the port's capabilities...

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Business & Money | Wednesday 5 February, 2025 9:45 am

MoEI partners with Shiba Inu to advance digital transformation

The Ministry of Energy and Infrastructure (MoEI) has partnered with Shiba Inu to advance next-generation, Web3 solutions in energy, infrastructure, and beyond—further solidifying its reputation as a global leader in digital transformation.Marking a new era in Web3, this partnership leverages...

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Business & Money | Wednesday 5 February, 2025 9:41 am

United Arab Bank delivers 30% growth in 2024 net profit

United Arab Bank P.J.S.C (UAB) posted a net profit (before tax( of AED331 million for the year 2024, compared to AED 255 million in 2023 representing an increase of 30%. The growth in net profit stems from the improved operating performance and strong recoveries leading to lower net impairment...

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Business & Money | Wednesday 5 February, 2025 9:36 am

UPDATE: Financial transparency, efficient business environment fundamental pillars of UAE national economy: Minister of State for Financial Affairs

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, has participated in the Forum of UAE Ambassadors and Representatives of Missions Abroad, an annual event organised by the Ministry of Foreign Affairs. During the event, Al Hussaini highlighted the Ministry of Finance’s...

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Business & Money | Wednesday 5 February, 2025 9:25 am

Abu Dhabi to host Ai Everything Global 2026

The UAE’s journey of spearheading AI progress worldwide has marked another milestone, with the announcement that Ai Everything Global Summit & Expo will be hosted in Abu Dhabi in 2026. This launch reinforces the UAE’s commitment to becoming a premier global hub for AI excellence. Abu...

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Business & Money | Tuesday 4 February, 2025 1:33 pm

Over 2,000 exhibitors from 60 countries to capitalize on the Kingdom’s towering construction opportunities at Big 5 Construct Saudi

Saudi Arabia’s construction market is projected to grow from $70.33 billion in 2024 to $91.36 billion by 2029 (Source: Mordor Intelligence), highlighting the growing opportunities in the construction sector. Big 5 Construct Saudi, the largest and most influential construction event in the...

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Business & Money | Tuesday 4 February, 2025 10:25 am

KPMG to host inaugural Public Sector Excellence Forum 2025 in Riyadh

KPMG will host the Public Sector Excellence Forum on February 24, 2025, at the Movenpick Hotel & Residence Riyadh, under title: Governing with Impact: Delivering Public Value. The forum will convene government officials, global leaders, and industry experts to explore solutions for enhancing...

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Business & Money | Tuesday 4 February, 2025 10:06 am

TA’ZIZ announces $1.7 billion award to build first methanol plant in UAE

TA’ZIZ announced today an engineering, procurement and construction (EPC) contract award of $1.7 billion (AED6.2 billion) to SAMSUNG E&A for the construction of one of the world’s largest methanol plants in Al Ruwais Industrial City, Al Dhafra region, Abu Dhabi. The project is a key...

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Business & Money | Tuesday 4 February, 2025 10:03 am

Borouge reports FY2024 net profit of $1.24 billion

Borouge Plc has delivered outstanding 2024 financial results, achieving a 24 percent year-on-year increase in net profit to $1.24 billion, driven by record production and sales volumes. The company is driving growth and outperforming the industry through high productivity, a strong...

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Business & Money | Tuesday 4 February, 2025 9:59 am

DIEZ, Dubai Land Department collaborate to support Proptech sector

The Dubai Integrated Economic Zones Authority (DIEZ) and the Dubai Land Department (DLD) partnered to support and enable the property technology (Proptech) sector. The collaboration aims to enhance research, development, and technological innovation, as well as ease of doing business in Dubai, ...

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