Business & Money | Sunday 16 July, 2023 9:02 am

Azizi Developments partners with British Perkins

Azizi Developments, a leading private developer in the UAE, has announced its partnership with UK-based Perkins Engines Company Limited to source premium diesel generators for Amber, the developer’s recently launched project in the well-connected Al Furjan.  Perkins, a global leader in...

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Healthcare | Sunday 16 July, 2023 8:51 am

DCD launches Abu Dhabi Family Wellbeing Strategy

The Department of Community Development (DCD) has launched the Abu Dhabi Family Wellbeing Strategy – which has been approved by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council during the council’s...

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Business & Money | Saturday 15 July, 2023 5:24 am

Gold prices fall, set for best weekly performance since April

Gold prices declined on Friday, but they are heading for their best weekly performance since April.   Federal Reserve Bank of San Francisco President Mary Daly said it’s too soon for policymakers to say they have done enough to return US inflation to their target, CNBC...

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Government | Saturday 15 July, 2023 5:22 am

ZATCA says 41,400 companies registered for VAT

The Zakat, Tax and Customs Authority (ZATCA) stated that the total number of companies and individuals registered for value-added tax (VAT) reached 41,4500, Al Eqtisadiah newspaper reported.   The authority indicated that it is committed to applying the tax regulations, including...

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Government | Saturday 15 July, 2023 5:15 am

Saudi Arabia issues 35,300 e-commercial registers in Q2

Saudi Arabia’s Ministry of Commerce issued 35,310 e-commercial registers during Q2 2023, an increase of 21% compared to 29,010 in the same period a year earlier.   Meanwhile, total commercial registers amounted to 56,360 during the three-month period, the ministry said in its...

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Government | Saturday 15 July, 2023 5:12 am

Real Estate Contribution Law to boost supply, says REGA CEO

The recently approved Real Estate Contribution Law will contribute to increasing the supply of commercial and residential real estate products, given that it is a new financing and investment channel for real estate developers, said Abdullah Alhammad, CEO of Real Estate General Authority...

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Business & Money | Saturday 15 July, 2023 5:09 am

ACWA Power awards SAR 2.5 bln EPC contract for Rabigh 4 project

ACWA Power Co., along with Haji Abdullah Alireza & Co (HAACO) and Al Moayyed Contracting Group (AMCG), awarded an engineering, procurement, and construction (EPC) contract with a consortium of Power China, SEPCOIII, and WETICO for Rabigh 4 Independent Water Plant (IWP)...

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Business & Money | Saturday 15 July, 2023 5:05 am

NEOM CEO says work progressing in Red Sea destination

Nadhmi Al-Nasr, CEO of NEOM and board member of Red Sea Global (RSG), highlighted the remarkable progress in the Red Sea destination, indicating that the project will contribute to boosting the Kingdom’s position on the global tourism map.   He pointed to the great efforts made by...

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Business & Money | Saturday 15 July, 2023 1:52 am

RAKEZ empowers businesses through regular networking events

Ras Al Khaimah Economic Zone (RAKEZ) continues to foster connections and drive growth by organising regular networking events across industries. RAKEZ recognises the power of working together in today’s ever-changing business landscape and is shaping the future of industries in Ras Al Khaimah by...

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Business & Money | Saturday 15 July, 2023 12:59 am

Emirates NBD revamps digital bank Liv with new value proposition targeting Gen Now

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has revamped its digital bank Liv, with a new value proposition targeted at Generation Now (Gen Now) empowering them with a better financial future through innovative offerings and a superior...

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