Business & Money | Monday 25 July, 2022 11:05 am

TRSDC inks deal with ZeroAvia to develop zero-emission flights

The Red Sea Development Co. has signed a memorandum of understanding with ZeroAvia, a British-American hydrogen-electric aviation firm, to test and develop zero-emission travel across its new luxury tourism destination with a focus on environmental sustainability and regeneration. Signed...

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Business & Money | Monday 25 July, 2022 10:44 am

Abu Dhabi Maritime enters a long-term sponsorship agreement with Abu Dhabi International Boat Show

The Abu Dhabi International Boat Show (ADIBS), the UAE capital’s prestige boating, leisure marine and fishing show, organised by the Abu Dhabi National Exhibitions Company (ADNEC), has entered into a three-year sponsorship agreement with Abu Dhabi Maritime to support the event’s upcoming...

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Business & Money | Sunday 24 July, 2022 4:10 pm

Jazz power on full display at Dhahran’s Arabic Jazz Music Festival

On a humid Friday night, the Dhahran Expo — the venue where people received COVID-19 vaccines over the past year — had a different remedy to offer: Music. The auditorium, with rows of plush white seats facing the large stage where oud, saxophones and singing inaugurated Shargiyya’s first ...

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Business & Money | Sunday 24 July, 2022 12:01 pm

TASI almost flat as investors await earnings results: Opening bell

Saudi main index began the week’s trading session almost flat as investors awaited earning results. TASI edged up 0.09 percent to 11,998, while Nomu was unchanged at 20,955 as of 10:08 a.m. Saudi time. Salama Cooperative Insurance Co. surged 9.45 percent, leading gainers, while United...

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Business & Money | Sunday 24 July, 2022 11:58 am

UAE platform forays into Saudi Arabia, to ramp up staff strength

UAE-based fitness platform Enhance Fitness is aiming to triple its current trainer base as it announces its launch in Saudi Arabia. In an exclusive interview with Arab News, Enhance Fitness CEO and founder Tarek Mounir said that the platform has around 250 trainers and will be able to reach...

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Business & Money | Sunday 24 July, 2022 11:53 am

Saudi Investment Bank shareholders set to receive $80m dividends for H1

The Saudi Investment Bank, known as SAIB, will distribute cash dividends amounting to SR300 million ($80 million) for the first half of 2022. The per-share payout stands at SR0.30 which will be distributed to 1 billion eligible shareholders on Aug. 14, a bourse filing revealed. Last year, ...

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Business & Money | Sunday 24 July, 2022 9:35 am

Hamdan bin Zayed visits 18th edition of Liwa Date Festival

Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, hailed the directives and support of President His Highness Sheikh Mohamed bin Zayed Al Nahyan for the Liwa Date Festival as it is one of the most important heritage festivals that celebrate the palm dates product and...

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Business & Money | Saturday 23 July, 2022 3:09 pm

Sharjah rakes in $517m in real estate sale transactions

There were 747 real estate sale transactions in Sharjah in June, totaling AED1.9 billion ($517 million), the Emirates News Agency reported.This figure includes 358 mortgage transactions worth AED764 million.“Despite being impacted by the global economic conditions since last February, the sector...

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Business & Money | Saturday 23 July, 2022 3:08 pm

Dubai issues ‘Musataha’ land decree to spur real estate investment

Dubai has issued a new law to spur real estate investment through public-private partnerships.Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of the UAE, issued the decree that regulates “Musataha” rights on commercial land in Dubai, Emirates News Agency...

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Business & Money | Saturday 23 July, 2022 3:06 pm

Twitter, in Musk fight, posts $270M quarterly loss

Twitter reported a quarterly loss Friday as revenue slipped even as its number of users climbed.The social media company’s latest quarterly earnings figures offered a glimpse into how the social media business has performed during a months-long negotiation with billionaire and Tesla CEO Elon Musk ...

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