Business & Money | Sunday 19 November, 2023 12:47 pm

Red Sea International CEO resigns, Marwan Sayegh takes helm

Red Sea International Co.’s (RSI) announced today, Nov. 19, the resignation of its CEO, Khalid Fagih, due to personal reasons. The resignation is effective as of today, according to a statement to Tadawul.   Based on a recommendation from the nomination and remuneration committee,...

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Business & Money | Sunday 19 November, 2023 12:22 pm

Cenomi Retail launches Cenomi Academy to support the new generation of retail sector experts

It aims to enroll qualified young people into the labor market and improve their performance within the entry-level employment training program with companies operating in the retail sector, which contributes to strengthening the retail sector by transferring international expertise to the local...

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Business & Money | Sunday 19 November, 2023 11:45 am

Dubai Customs Achieves Remarkable 13% Growth in Transactions, Totaling 21.6 Million in the First Nine Months of 2023

Dubai Customs has experienced significant growth in its customs transactions, with a robust 13% increase, totaling 21.6 million transactions during the first nine months of this year. This surge contrasts with the 19 million transactions recorded during the same period last year. The upswing aligns ...

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Business & Money | Sunday 19 November, 2023 11:28 am

Riyadh Air makes strong statement of intent as airline wraps up an extraordinary debut at Dubai Airshow 2023

The next chapter for the skies continued its journey to take off in 2025 as Riyadh Air, Saudi Arabia’s new world-class airline wholly owned by the Public Investment Fund (PIF), dominated industry conversations with a series of major announcements at last week’s Dubai Airshow. Making its first...

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Technology & IT | Sunday 19 November, 2023 10:27 am

HONOR Teams Up with Max Goshko-Dankov Upon the Launch of HONOR X9b 5G

HONOR, a brand renowned for its unwavering dedication to artistic collaborations, has long recognized the profound importance of art in enhancing their technological experiences. With each product, HONOR places a strong emphasis on incorporating artistic elements that transcend mere functionality....

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Business & Money | Sunday 19 November, 2023 9:44 am

Ahead of COP28, New SAP Survey Shows Significant Uptick in UAE Companies’ Sustainability Investments and Environmental Data Collection

As the UAE prepares to host COP28 in December, a new survey from global technology company SAP SE has highlighted the success of the country’s deep commitment to sustainability. Investment in environmental strategies has increased significantly over the past five years, with the vast majority of...

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Technology & IT | Sunday 19 November, 2023 9:40 am

ADGM and MBZUAI forge strategic collaboration to advance artificial intelligence for regulatory compliance

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have signed a Memorandum of Understanding (MoU), focused on advancing the role of artificial intelligence (AI) to better achieve regulatory...

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Environment & Energy | Sunday 19 November, 2023 9:33 am

MoEI participates in GMIS Connect – Trieste Roadshow

The Ministry of Energy and Infrastructure (MoEI) participated in the international roadshow programme, GMIS Connect, hosted by the Global Manufacturing and Industrialisation Summit (GMIS), in the Italian city of Trieste. Co-chaired by the UAE Ministry of Industry and Advanced Technology and...

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Business & Money | Sunday 19 November, 2023 9:31 am

Sumou gets off-plan sale license for Ajwan project in Al Khobar

Sumou Real Estate Co. obtained on Nov. 16 the off-plan sale license for Ajwan project in Al Khobar, according to a statement to Tadawul.   The company signed on Sept. 11 an agreement to provide selling and marketing services for the one million square meter-Ajwan project in Al...

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Environment & Energy | Sunday 19 November, 2023 9:30 am

ACWA Power launches commercial ops at PT2 unit of Dubai’s Noor Energy

ACWA Power Co. said that it received, on Nov. 17, the Initial Commercial Operation certificate from the Dubai Electricity & Water Authority (DEWA) for phase 2 CSP Parabolic Trough (PT) 200 MW unit of Noor Energy 1 P.S.C to bring total capacity under operation to 717 MW.   The...

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