Business & Money | Wednesday 7 June, 2023 9:53 am

A novel multinational partnership is fostering the advancement of LWK + PARTNERS and stimulating Chinese investment in the GCC

Abu Dhabi and Riyadh-based Opulence Capital Management (OCM) and Hong Kong-based LWK + PARTNERS (subsidiary of Hong Kong Stock Exchange listed C Cheng Holdings) have linked an expansive partnership that will support and strengthen the bilateral relations of the Peoples Republic of China and the...

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Business & Money | Wednesday 7 June, 2023 8:56 am

World Bank expects Saudi economy to grow by 3.3% in 2024

Saudi Arabia's economy is set to grow by 3.3% and 2.5% in 2024 and 2025, respectively, said the World Bank, in a report issued today. It pointed out that this growth is driven by government investments and continued strong activity in the services sector. The bank also reiterated its...

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Business & Money | Wednesday 7 June, 2023 8:54 am

Keolis pledges to reduce carbon emissions in support of UAE Net Zero 2050 Strategic Initiative

Pledge signed at National Climate Ambition Dialogue held as UAE prepares to host UN COP28 summit  Keolis, a global leader in public transportation services, has proudly announced a momentous commitment to supporting the UAE in reducing their carbon emissions and embracing sustainable...

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Business & Money | Wednesday 7 June, 2023 8:11 am

Seera scraps Clarion hotel deal with AlUla Development

Seera Group Holding announced the termination of the contract signed with AlUla Development Co. due to higher costs of establishing the project than agreed and the infeasibility of investing in it, according to a Tadawul statement. The total amount of the partner’s contribution to the...

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Business & Money | Tuesday 6 June, 2023 4:15 pm

NEOM secures SAR 21 bln investments to build workforce residential communities

NEOM announced today, June 6, that it has finalized contracts with investors for the first phase of its residential communities’ expansion, a social infrastructure project that will house the region’s growing workforce.The agreement amounts to a total value of over SAR 21 billion, NEOM said in...

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Business & Money | Tuesday 6 June, 2023 2:55 pm

Real estate deals hit 3-year low in Shawwal at SAR 8.7 bln

The value of Saudi Arabia's real estate transactions fell 41% year-on-year to nearly SAR 8.7 billion in Shawwal 1444 (April/May 2023), Ministry of Justice data showed. The real estate deals dropped by 24%, or SAR 2.7 billion, month-on-month (MoM). Deals executed in Shawwal 1444 are the...

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Tourism & Hospitality | Tuesday 6 June, 2023 2:47 pm

SAUDIA and Panasonic Avionics Sign Major Agreement for Astrova IFEC Solution

Saudi Arabian Airlines (SAUDIA), the national flag carrier of Saudi Arabia, and Panasonic Avionics Corporation (Panasonic Avionics), the world’s leading supplier of In-flight Entertainment and Communication Systems (IFEC), have signed an agreement for the installation of Astrova on ...

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Government | Tuesday 6 June, 2023 2:38 pm

Ajman Tourism and Ajman Transport Authority Join Forces to Strengthen Collaboration and Foster Common Progress

The Ajman Department of Tourism Development (ADTD) and the Transport Authority in Ajman have officially signed a memorandum of understanding (MoU) to establish a framework for cooperation and collaborative action in shared areas. This significant agreement aims to enhance mutual development and...

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Business & Money | Tuesday 6 June, 2023 2:33 pm

Investcorp Releases 2022 Annual ESG Report Demonstrating Commitment to Responsible Investing

 Investcorp, a leading global alternative investment firm, today released the latest edition of its annual ESG report. The report, titled ‘Responsible Growth’, was released at SuperReturn Berlin, where Investcorp are headline sponsors.  The latest edition of the report outlines...

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Environment & Energy | Tuesday 6 June, 2023 2:29 pm

RECAPP by Veolia launches new rewarding recycling deposit system in the UAE

RECAPP, Veolia’s digital recycling solution for individuals and businesses has launched a new recycling deposit initiative and rewards scheme for implementing reverse vending machines (RVMs) in partnership with the Environment Agency – Abu Dhabi (EAD) and smart deposit machines (RSDMs) to...

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