Business & Money | Saturday 18 May, 2024 6:29 am

Dubai Courts Sign Memorandum of Understanding with Moro Data Center to Enhance Digital Transformation

Dubai Courts have signed a Memorandum of Understanding with Moro Data Center for Integrated Solutions, aiming to involve the company in the digital transformation process within the courts and develop their capabilities in relation to digital transformation, technology solutions, and...

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Business & Money | Saturday 18 May, 2024 6:28 am

ADDED and Lubelskie to strengthen economic cooperation between Abu Dhabi and Poland

The Abu Dhabi Department of Economic Development (ADDED) and the Local Self-Government of the Lubelskie Voivodeship, spearheading economic development in Lublin, Poland, have joined forces to foster robust economic ties and facilitate bilateral cooperation. The Memorandum of Understanding...

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Business & Money | Saturday 18 May, 2024 6:17 am

Deloitte Middle East and UAE Internal Auditors Association sign MOU at The Audit Summit in Abu Dhabi

On the back of its participation as the Knowledge Partner of The Audit Summit that was held in Abu Dhabi 15 and 16 May, Deloitte Middle East announced today its Memorandum of Understanding (MOU) with the Internal Audit Association in the United Arab Emirates (UAE IAA), to underline the shared...

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Business & Money | Saturday 18 May, 2024 6:09 am

RAKEZ launches Growth Series 2024 edition to empower startups and SMEs

Ras Al Khaimah Economic Zone (RAKEZ) successfully launched the 2024 edition of its acclaimed Growth Series, aimed at fostering the development of startups and SMEs within its vibrant business community. RAKEZ Group CEO Ramy Jallad said, “Our Growth Series is designed to enrich our growing...

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Business & Money | Saturday 18 May, 2024 5:57 am

RAKEZ and RAKBANK extend their partnership for seamless SME banking

Ras Al Khaimah Economic Zone (RAKEZ) recently teamed up with RAKBANK to enhance the banking services available to its clients. This strategic collaboration aims to speed up bank account openings and provide more reliable and secure banking solutions, supporting RAKEZ’s mission to bridge the gap...

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Business & Money | Thursday 16 May, 2024 1:51 pm

Metric Joins Forces with 500 Global to Fuel SME Growth across the GCC

 Metric, a global financial intelligence and analytics platform built for small and medium-sized businesses (SMBs), has been backed by the 500 Global program through the Sanabil 500 Mena Seed fund. This support underlines Metric's commitment to fostering the burgeoning SME sector in Saudi...

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Business & Money | Thursday 16 May, 2024 8:00 am

Tibbiyah’s unit wins 2 purchase orders with NUPCO worth SAR23.8M

Arabian International Healthcare Holding Co. (Tibbiyah) awarded on May 14, two purchase orders, in favor of Al Faisaliah Medical Systems Co. (FMS), a wholly owned subsidiary by the National Unified Procurement Co. (NUPCO), at a value of SAR 23.8 million. Tibbiyah explained in a statement on Tadawul ...

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Business & Money | Thursday 16 May, 2024 7:32 am

ADES CEO says rig additions boost profit growth, 75% of revenue from Aramco

ADES Holding Co.'s Q1 2024 profit growth was driven by an increase in revenues, coupled with the company's proactive step of hedging for about 60% of its loans, which helped slash costs to about 4%, according to CEO Mohamed Farouk. Speaking with Al Arabiya TV, the top executive said...

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Business & Money | Thursday 16 May, 2024 7:26 am

NEOM workers reach 140,000, to hit 200,000 in 2025: CEO

There are about 140,000 construction workers currently working around the clock in the NEOM project, said CEO Nadhmi Al-Nasr. In his speech at the Saudi-British Great Future Initiative Conference in Riyadh, Al-Nasr expected that the number of project workers will rise to 200,000 next...

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Business & Money | Thursday 16 May, 2024 7:16 am

Sulaiman Al Habib approves transferring SAR 1.05B to retained earnings

Shareholders of Dr. Sulaiman Al Habib Medical Services Group (HMG) approved, during the meeting held on May 14, the board’s proposal to transfer the company’s statutory reserve of SAR 1.05 billion as in financial statements for Dec. 31, 2023, to the retained earnings, according to a statement...

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