Business & Money | Tuesday 14 January, 2025 9:51 am

Taking Innovation to New Heights: Changan Automobile to Invest AED 10.07 billion in Flying Car Development

Changan Automobile recently set a new milestone in its efforts to lead innovation and development in emerging industries by signing a partnership agreement with EHang Holdings Ltd. to research and develop flying-car related products. These are expected to include innovative flying cars and electric ...

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Business & Money | Tuesday 14 January, 2025 9:48 am

Commercial Bank of Dubai and Dubai Festivals and Retail Establishment Announce Multi-Year Strategic Partnership to Create Enriching Experiences for Customers and Communities

Commercial Bank of Dubai (CBD), one of the UAE’s leading financial institutions, is proud to announce that it has entered into a multi-year partnership with Dubai Festivals and Retail Establishment (DFRE), an agency of Dubai’s Department of Economy & Tourism (DET), to deliver exclusive...

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Business & Money | Tuesday 14 January, 2025 9:36 am

DUBAI SOUTH INAUGURATES A FORD ADVANCED PARTS DISTRIBUTION CENTER IN PARTNERSHIP WITH DB SCHENKER

Dubai South, the largest urban master development focusing on aviation, logistics, and real estate, has inaugurated a cutting-edge Parts Distribution Center (PDC) for Ford, in partnership with DB Schenker, a global leader in logistics and supply chain management. Designed to set new benchmarks in...

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Business & Money | Monday 13 January, 2025 10:42 am

Energy Minister inaugurates Siemens Energy expansion unit in Dammam

Minister of Energy Prince Abdulaziz bin Salman inaugurated the expansion of Siemens Energy Co.’s plant in Dammam 2nd Industrial City. The expansion increased the total area of the plant by 35% to 20,000 square meters. According to a post by the Saudi Authority for Industrial Cities and...

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Business & Money | Monday 13 January, 2025 10:40 am

View inks SAR 164M deal for Riyadh residential tower

View United Real Estate Development Co. signed, on Jan. 12, a contract to develop a residential tower worth SAR 164 million in the Al-Nakheel district, at King Fahd Road in Riyadh. In a statement to Tadawul, the company said that the deal was signed with Alshams Holding Co., Wavz Real...

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Business & Money | Monday 13 January, 2025 10:37 am

Al Rajhi Bank plans to issue USD-denominated sukuk

Al Rajhi Bank plans to issue USD-denominated additional Tier 1 sustainable sukuk under its international Additional Tier 1 Capital Sukuk Program, established by the bank on April 18, 2024. The bank stated in a filing on Tadawul that the sukuk issuance is expected to be conducted through a...

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Business & Money | Monday 13 January, 2025 10:34 am

Arab Health to host record international participation as the global consumer healthcare market to reach US$780 billion by 2030

Arab Health 2025, the Middle East’s largest and most influential healthcare event and congress, will welcome a record-breaking international audience this year, as the latest statistics reveal the global healthcare market will be worth US$780 billion by 2030. According to insights from...

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Business & Money | Monday 13 January, 2025 10:29 am

26th edition of Intersec opens in Dubai tomorrow, showcasing innovations shaping global safety and security

The 26th edition of Intersec, the world’s biggest business event mapping the future of security, safety and fire protection, opens tomorrow at the Dubai World Trade Centre (DWTC). Held under the patronage of His Highness Sheikh Mansoor Bin Mohammed bin Rashid Al Maktoum, this year's event will be ...

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Business & Money | Monday 13 January, 2025 10:25 am

TDF Drives Tourism Future at Saudi Tourism Forum 2025

The Tourism Development Fund (TDF), the national enabler of Saudi Arabia’s tourism sector, successfully concluded its role as an official partner of this year's Saudi Tourism Forum, held January 7 to 9 in Riyadh. The high-profile event brought together key players from the global and local...

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Business & Money | Monday 13 January, 2025 10:23 am

NWC begins implementation of a package of environmental services development projects in Jeddah at SR 42m

The National Water Company (NWC) has recently started the implementation of sanitary drainage projects in several residential districts in Jeddah at a cost of 42 million Saudi Riyals.  The projects include the implementation of sublines with a length of more than 29.7 Kilometers. This is part...

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