Business & Money | Thursday 22 October, 2026 8:15 pm

Plans to manufacture ship components locally, test autonomous vessels by 2027-end: TGA President

Saudi Arabia’s Transport General Authority (TGA) President Fawaz Al-Sahli outlined plans to develop the Kingdom’s maritime transport industry, including establishing Saudi companies specializing in ship component manufacturing and forming partnerships to test autonomous vessels by the end of...

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Business & Money | Thursday 22 October, 2026 8:06 pm

Oil demand to rise 3M bpd on recovery: Nasser

Saudi Aramco CEO Amin Nasser expects oil demand to rise by about 3 million barrels per day (mbpd) once conditions in the region return to normal, comprising 2 mbpd in consumption growth and 1 mbpd to replenish inventories depleted during the crisis. In an interview with Al Arabiya, Nasser said ...

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Business & Money | Wednesday 21 October, 2026 4:55 pm

CBUAE launches Financial Health Innovation Challenge; applications open until 30 November

The Central Bank of the UAE (CBUAE) has launched the Financial Health Innovation Challenge to identify ready-to-implement solutions that improve the financial health of individuals and micro, small and medium-sized enterprises (MSMEs) in the UAE, with applications open until 30th November...

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Business & Money | Wednesday 21 October, 2026 4:52 pm

DEWA International signs 4 MoUs with global partners during WETEX 2026

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) and Chairman of DEWA International, witnessed the signing of four memorandums of understanding (MoUs) between DEWA International and leading global entities during the 28th Water, Energy, Technology and...

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Business & Money | Wednesday 21 October, 2026 4:50 pm

Advent opens office in ADGM

Advent, a leading global private equity investor, today announced it has opened a new office in ADGM, the international financial centre of Abu Dhabi, extending the reach of the firm’s international platform into the Middle East. According to a press release issued today, the new presence...

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Business & Money | Wednesday 21 October, 2026 4:45 pm

820 Audit Leaders from 25 countries convene in Abu Dhabi for CAE Conference 2026

Abdulla Bin Touq Al Marri, Minister of Economy and Tourism, attended the Chief Audit Executives (CAE) Conference 2026 at Hilton Abu Dhabi Yas Island, joining 820 Chief Audit Executives and internal audit leaders from 25 countries. Held under the Minister’s patronage and organised by the UAE...

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Business & Money | Wednesday 21 October, 2026 4:39 pm

Emirates Islamic posts AED2.7 billion profit in first nine months of 2026

Emirates Islamic reported a profit of AED2.7 billion for the first nine months of 2026, while operating profit rose 7 percent year-on-year to AED3.3 billion. The bank's total income increased 6 percent to AED4.7 billion compared with the same period last year, driven by higher non-funded...

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Business & Money | Wednesday 21 October, 2026 4:36 pm

Emirates NBD posts AED19.3 billion profit in nine months

Emirates NBD reported a profit after tax of AED19.3 billion for the first nine months of 2026, up 2 percent from the same period last year, while profit before tax rose 4 percent to AED24.3 billion. The bank posted record income of AED42.2 billion, up 15 percent year-on-year, while the group's ...

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Business & Money | Wednesday 21 October, 2026 4:26 pm

Saudi Arabia leading G20 growth forecasts for 2027 reflects economic resilience: Investment Ministry

The Ministry of Investment said Saudi Arabia’s leading position in projected economic growth among G20 countries in 2027, at 7.9% based on International Monetary Fund (IMF) data for October 2026, reflects the strength and resilience of the Kingdom’s economy and opens broader prospects for...

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Business & Money | Wednesday 21 October, 2026 1:07 pm

ITFC And SCOPI Conclude Five-Year Coffee MUG Programme After Reaching 5,000 Indonesian Coffee Farmers

Closing ceremony in Karo marked the programme’s results, recognises Master Trainers and launches the Master Trainer Guidelines Karo, Indonesia - The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, and the Sustainable Coffee...

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