15 Muharram 1446 - 21 July 2024
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Eye of Dubai

One Za’abeel achieves 2 Awards of Excellence from prestigious CTBUH Awards 2024, paving path to continued global recognition
Business & Money | Friday 12 July, 2024 12:01 am
One Za’abeel, the iconic landmark developed by ICD (Investment Corporation of Dubai), proudly celebrates two Awards Of Excellence presented by the Council on Tall Buildings and Urban Habitat (CTBUH). The development received recognition in 2 categories, ranking it favourably against hundreds of...
Saudi Re Completes the Sale of Its Stake in Probitas for £123 Million
Business & Money | Thursday 11 July, 2024 2:17 pm
 Massive Media: Saudi Reinsurance Company "Saudi Re" has completed all procedures for the sale of its entire 49.9% stake in Probitas Holdings (Bermuda) to Aviva Insurance Limited for £123 million.  On this occasion, Ahmad Al-Jabr, Acting CEO of "Saudi Re" stated: "This transaction...
Developers locked in battle to win over investors as Dubai property demand soars
Business & Money | Thursday 11 July, 2024 9:02 am
With demand for both off-plan and ready properties in Dubai at an all-time high, developers are locked in an intense battle to win over real estate investors. Firas Al Msaddi, CEO of fäm Properties, says more options for buyers in a maturing market means that developers are battling on...
Knight Frank: Riyadh retail stock to rise by 28% to 4.6 million square metres by 2026
Business & Money | Thursday 11 July, 2024 9:00 am
Average rental rates across Riyadh’s retail market have increased marginally by 3% to SAR 2,725 psm for both regional and super regional malls in the last 12 months, while occupancy rates across the retail market increased by 5 percentage points to 90%, according to global property consultancy...
RAKEZ inks strategic partnership with All India Association of Industries to enhance mutual trade and investment opportunities
Business & Money | Thursday 11 July, 2024 8:43 am
Ras Al Khaimah Economic Zone (RAKEZ) signed a Memorandum of Understanding (MoU) with The All India Association of Industries (AIAI), to open up new avenues for mutual trade and investment, strengthening economic ties between the UAE and India. The MoU was signed by AIAI President Dr. Vijay...
RAKBANK to Transform AI Applications in Banking Operations supported by Microsoft
Business & Money | Thursday 11 July, 2024 8:32 am
RAKBANK and Microsoft, as part of their ongoing collaboration, will be leveraging the power of artificial intelligence (AI) to transform various facets of operations at the bank. The intent was formalized through a memorandum of understanding (MoU) signed by Raheel Ahmed, Group CEO of RAKBANK, and...
UAE shows economic stability despite potential impact of Fed Rate decisions and upcoming U.S. elections
Business & Money | Thursday 11 July, 2024 8:24 am
Despite an air of uncertainty stemming from the US Presidential Elections and recent U.S. economic indicators demonstrating a decline in leading economic activity metrics, the UAE economy has been holding up with the latest CPI year-over-year figure decreasing from a six-month high of 3.91% to...
NWC starts implementing 12 water and sanitation projects in Hail
Business & Money | Thursday 11 July, 2024 7:34 am
The National Water Company (NWC), represented by its Northern Cluster, has started the implementation of 12 water and environmental projects in various parts of the Hail region. The total cost amounts to more than 531 million Saudi Riyals to increase the coverage of water and environmental...
Avalon Pharma obtains SAR 70M credit facilities from Emirates NBD
Business & Money | Wednesday 10 July, 2024 8:18 am
Middle East Pharmaceutical Industries Co.  (Avalon Pharma) secured SAR 70 million Shariah-compliant credit facilities from Emirates NBD to finance its operations, according to a statement to Tadawul. The facilities’ tenor will extend for one year. A promissory note for the...
Dell Technologies, Aramco, and National IT Academy Collaborate to upskill local talent in science and technology
Business & Money | Wednesday 10 July, 2024 8:05 am
In a collaborative effort to empower Saudi Arabia’s local talent with advanced science and technology skills, Dell Technologies, Aramco, and the National IT Academy (NITA) have signed a collaboration agreement. The collaboration aims to provide Saudi students with advanced training programs and...