Cars & Autos | Tuesday 2 April, 2024 2:25 pm

Al-Futtaim Electric Mobility Company and Neo Mobility Join Forces To 
Fast-Track Electrification Of Last Mile Delivery Sector In The UAE

- Landmark supply of 100 all-electric BYD ATTO 3 vehicles set to redefine commercial e-mobility across the logistics and last mile delivery sectors - Electric fleet exclusively custom-designed to meet the sector needs, with trunk and backrow seating modified to expand storage...

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Tourism & Hospitality | Tuesday 2 April, 2024 12:36 pm

Il Baretto Riyadh unveils its annual Eid al-Fitr celebrations

Bringing loved ones together this Eid al-Fitr and embracing the festive spirit, Riyadh’s most loved and authentic restaurant Il Baretto is throwing its annual Bloom in White party. A three-day celebration marking the end of Ramadan, the annual festivity will take...

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Technology & IT | Tuesday 2 April, 2024 12:02 pm

Discover the Ultimate Guide for Gifting this Eid with HONOR Smart Devices

With Ramadan drawing to a close, the joyous spirit of Eid fills the air. As people gear up for celebrations, exchanging gifts becomes a heart-warming tradition. However, finding the perfect Eid gift can be a challenge. While the act of giving is cherished, finding the perfect gift can prove to be a ...

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Business & Money | Tuesday 2 April, 2024 11:58 am

Drake & Scull International General Assembly approves restructuring plan, capital increase up to AED 600 million

The General Assembly of Drake & Scull International PJSC, held on April 1, 2024, approved the recommendations made by the Board of Directors aimed at the implementation of the capital restructuring of the company and increasing the share capital by AED 600 million to become about 3.470 billion...

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Business & Money | Tuesday 2 April, 2024 11:56 am

MoIAT signs agreements with 16 strategic partners and sponsors of Make it in the Emirates Forum 2024

Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, Sarah Al Amiri, Minister of State for Public Education and Advanced Technology, and Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), witnessed the signing of 16 sponsorship agreements ahead ...

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Business & Money | Tuesday 2 April, 2024 11:54 am

Abu Dhabi’s non-oil economy expands 9.1%, drives real GDP to grow 3.1% in 2023

The Statistics Centre - Abu Dhabi (SCAD) has issued preliminary statistical estimates of the Gross Domestic Product (GDP), revealing a strong performance of the non-oil economy, which recorded a remarkable growth of 9.1 percent, and 3.1 percent growth of Abu Dhabi’s real GDP during 2023 compared...

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Business & Money | Tuesday 2 April, 2024 11:53 am

ADQ launches holding company Arcera to build a global life sciences powerhouse anchored in Abu Dhabi

ADQ, an Abu Dhabi-based investment and holding company, has announced the formation of Arcera, a global holding company in the life sciences sector headquartered in Abu Dhabi, UAE, that is aiming to be a leader in addressing and mitigating healthcare challenges by offering products that improve the ...

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Business & Money | Tuesday 2 April, 2024 11:46 am

UAE's GDP to grow by 4.2% in 2024, rising to 5.2% in 2025: Central Bank

The Central Bank of the United Arab Emirates (CBUAE) expects the country's Gross Domestic Product (GDP) to grow by 4.2 percent in 2024, rising to 5.2 percent in 2025, while maintaining its estimate for a 3.1 percent growth in 2023. In its quarterly economic review report for the fourth quarter ...

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Business & Money | Tuesday 2 April, 2024 11:41 am

Al Akaria signs SAR 159.6M deal for Tilal Al Riyadh project

Saudi Real Estate Co. (Al Akaria) signed on April 1 a contract to implement the civil, structural, architectural, electromechanical and external works for Tilal Al Riyadh mixed-use project in Al Malqa district. Al Akaria signed the SAR 159.6 million contract with its 100%-owned subsidiary...

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Business & Money | Tuesday 2 April, 2024 11:36 am

SAMA says share of e-payments reaches 70% in 2023

The Saudi Central Bank (SAMA) announced that electronic payments in the retail segment accounted for more than 70% of total payments in 2023, compared to 62% in 2022.   The electronic payments represent one of the Financial Sector Development Program (FSDP) indicators, SAMA...

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