Business & Money | Friday 29 September, 2023 12:16 am

RAKEZ and ECI seminar equips exporters with strategies for international market success

Ras Al Khaimah Economic Zone (RAKEZ) teamed up with Etihad Credit Insurance (ECI), the UAE’s federal export credit company, to host an informative seminar on ‘Innovative Export Credit Solutions’. The partners aimed to equip businesses in the RAKEZ community, particularly those involved in...

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Business & Money | Friday 29 September, 2023 12:00 am

“Ports, Customs and Free Zone” wins “Innovation in the Maritime Industry” Award at the Logistics & Transport Awards 2023

The Ports, Customs and Free Zone Corporation won the prestigious “Innovation in the Maritime Industry” award at the Logistics & Transport Awards 2023, in recognition of its efforts in providing the best innovative solutions in the field of the maritime sector and keeping pace with latest...

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Business & Money | Thursday 28 September, 2023 2:53 pm

Keolis MHI Receives Prestigious GCC Recognition for Exemplary Emiratisation Efforts

Operator of Dubai Metro and Tram Honored at the 9th GCC Labour Ministers Meeting in Muscat, Oman Keolis MHI Rail Management and Operation, the operator of Dubai Metro and Tram, received a prestigious accolade for its exceptional Emiratisation achievements. This recognition unfolded at a grand...

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Business & Money | Thursday 28 September, 2023 9:47 am

Innovation in payments supports global economic growth: UBF

UAE Banks Federation, the sole representative and unified voice of UAE banks, affirmed its keenness to further efforts to advance the payments ecosystem in light of the unprecedented technological transformations taking place in the world. During its participation at the event, the Federation...

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Business & Money | Thursday 28 September, 2023 9:14 am

ADRO and VFS Global Partner to Reinforce Abu Dhabi’s Position as a Leading Destination for International Talent

Abu Dhabi Residents Office (ADRO), a part of the Abu Dhabi Department of Economic Development (ADDED) dedicated to supporting the emirate's thriving community and to strengthen its position as a leading destination for top talent, signed a Memorandum of Understanding with VFS Global, the world's...

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Business & Money | Thursday 28 September, 2023 8:58 am

Lucid Motors opens plant in KAEC

Lucid Motors, partially owned by the Public Investment Fund (PIF), inaugurated today, Sept. 27, its manufacturing unit, AMO-2, the company's first international factory in King Abdullah Economic City (KAEC), Jeddah.   In May 2022, the company signed a contract to begin the...

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Business & Money | Thursday 28 September, 2023 8:53 am

Transport ministry issues logistic licenses to Chinese firms

Saudi Arabia’s Minister of Transport and Logistic Services, Saleh Al-Jasser, and the accompanying delegation held a series of meetings with leaders of major Chinese companies in Beijing, where he handed them licenses to carry out logistics activities in the...

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Business & Money | Thursday 28 September, 2023 8:48 am

Lucid’s opening proves Saudi Arabia’s success in attracting investments: Minister

Minister of Industry and Mineral Resources, Bandar Alkhorayef, said the opening of Lucid Group’s electric vehicle (EV) factory in Saudi Arabia and target exports affirms Saudi Arabia’s ability to attract investments and compete.   The Kingdom negotiates to invest...

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Business & Money | Thursday 28 September, 2023 8:43 am

Aramco signs agreement to potentially buy 10% of Shenghong Petrochemical

Saudi Aramco and Jiangsu Eastern Shenghong Co., Ltd. signed today, Sept. 27, a cooperation framework agreement to facilitate discussions on Aramco’s possible acquisition of a 10% strategic equity interest in Jiangsu Shenghong Petrochemical Industry Group Co., Ltd. (Shenghong Petrochemical) a ...

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Business & Money | Thursday 28 September, 2023 12:47 am

Nestlé and Monsha'at Sign MoU to Upskill F&B Entrepreneurs in Saudi

 Nestlé announced today a strategic partnership with Saudi Arabia’s SME General Authority, Monsha'at, to bolster the expertise and operations of small and medium-sized enterprises (SMEs) within the flourishing food and beverage industry in Saudi Arabia. The Memorandum of Understanding...

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