Riyadh, September 28, 2023 – Saudi Arabia’s relentless pursuit of Vision 2030 goals has begun to yield promising results, with the nation’s overall unemployment rate declining to 4.9 percent in the second quarter of this year. This marks a significant reduction of 0.2 percentage points compared to the previous quarter, according to official data released […]
The Saudi Fund for Development has signed a $10 million contribution agreement with the Asian Infrastructure Investment Bank (AIIB) to support the financial institution’s newly established programs, as reported by the Saudi Press Agency (SPA). This initiative aims to strengthen infrastructure development in low-income member countries, helping AIIB bridge the financing gap in infrastructure and […]
The UAE’s EDGE Group, a global leader in advanced technology and defense solutions, has announced its acquisition of a 50% stake in SIATT, a Brazilian specialist in smart weapons and high-tech systems. The official signing of the acquisition deal took place at SIATT’s headquarters in São José dos Campos, with Faisal Al Bannai, Chairman of […]
Emirati designers participating in the 52nd edition of the Watch & Jewellery Middle East Show have captivated visitors with their innovative and distinctive collections displayed at the “Emirates Jewellers” pavilion. This prestigious event, held at the Expo Centre Sharjah and supported by the Sharjah Chamber of Commerce and Industry (SCCI), will continue to run until […]
Samia Bouazza, a seasoned business leader, holds the prestigious position of Group CEO and Managing Director at Multiply Group, an Abu Dhabi-based holding company listed on the Abu Dhabi Securities Exchange. With a remarkable career marked by entrepreneurship and innovation, Samia is driving Multiply Group to new heights of success. At Multiply Group, Samia plays […]
The Energy Industries Council (EIC), a leading energy trade association, has confirmed its participation in the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC) 2023, where it will host the UK Pavilion. This year’s ADIPEC, scheduled to take place from the 2nd to the 5th of October in Abu Dhabi, marks the 20th anniversary of EIC’s […]
In a significant meeting held at the Abu Dhabi National Oil Company (ADNOC) headquarters, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, led the Executive Committee of ADNOC’s Board of Directors. The session, held to oversee ADNOC’s key initiatives, saw discussions […]
Dubai, UAE – In a significant financial achievement, the Dubai government has announced a reduction of approximately Dh29 billion in its public debt by the end of this year. This accomplishment includes a partial settlement of Dh20 billion of a loan extended by the Abu Dhabi government and the Central Bank of the UAE. The […]
Presight AI Holding PLC (ADX: PRESIGHT), a regional leader in big data analytics powered by generative AI, has appointed Q Market Maker (QMM) as its Liquidity Provider for Presight shares traded on the Abu Dhabi Securities Exchange (ADX). Under the liquidity provision agreement signed between the two entities, QMM will commence providing liquidity to PRESIGHT […]
The United Arab Emirates’ economy is poised for growth, with S&P projecting a 3% expansion in 2023, followed by a 4% growth rate in 2024. The driving force behind this economic upturn is expected to be the non-oil sector, which will benefit from robust growth in tourism, government initiatives, and technological advancements, according to analysts […]
