Business & Money | Thursday 2 November, 2023 10:20 am

Saudi Fund for Development Signs $100 Million Loan Agreement to Support the Water Sector Argentina

The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed today,  a new development loan agreement marking the Fund’s first presence in the country, worth USD $100 million with the Province Governor of Córdoba, H.E. Juan Schiaretti and the Province...

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Technology & IT | Thursday 2 November, 2023 10:09 am

Finally, the most awaited HONOR X9b is now available in KSA

Following huge pre-sale interest, global technology brand HONOR today announced that the much-anticipated HONOR X9b 5G - the newest member of HONOR’s acclaimed X Series family of phones - is now on general sale across the UAE. “Although only unveiled in the UAE a few short weeks ago, we...

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Business & Money | Thursday 2 November, 2023 10:03 am

ACWA Power reports an increase in net profits for the third quarter and nine months 2023

ACWA Power Company, a publicly-listed company on the Saudi Arabian Tadawul stock exchange (ACWA Power: 2082), today announced financial results for the three and nine-month periods ending 30 September 2023.  The Company recorded SAR 814 million operating income—before impairment,...

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Environment & Energy | Thursday 2 November, 2023 9:54 am

COP28 Presidency announces ‘Net-Zero Transition Charter: Accountability mobilisation for the private sector’

The COP28 Presidency has launched a charter to mobilise and encourage the private sector to take bolder action on climate and commit to greater credibility and accountability in their net-zero emissions pledges.The 'Net-Zero Transition Charter: Accountability mobilisation for the private sector’...

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Business & Money | Thursday 2 November, 2023 9:51 am

Ahmed bin Mohammed attends inauguration of Dubai Business Forum

His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, attended the inauguration of the Dubai Business Forum, organised by Dubai Chambers at Madinat Jumeirah on 1st and 2nd November, under the theme 'Transforming Economic Power: Dubai and the Future of Global...

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Business & Money | Thursday 2 November, 2023 9:48 am

Dubai Business Forum highlights key roles of SMEs in accelerating economic growth

The first day sessions of the Dubai Business Forum, a transformative global event powered by Dubai Chambers, highlighted the key role of small and medium-sized enterprises (SMEs) in accelerating economic growth, as well as Dubai’s growing appeal in attracting foreign direct investments.Addressing ...

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Business & Money | Thursday 2 November, 2023 9:45 am

DIEZ launches AED500 million venture capital fund to finance technology startups

Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the Dubai Integrated Economic Zones Authority (DIEZ), today announced the launch of a venture capital (VC) fund worth AED500 million.Launched in the presence of H.H. Sheikh...

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Business & Money | Thursday 2 November, 2023 9:31 am

MENA’s growing education sector boosts stationery industry, says study

The rising number of schools and universities in the Middle East and Africa has stimulated growth in the stationery market, according to a study conducted recently by 6WResearch. This upward industry trend is likely to be a significant topic of discussion at Paperworld Middle East which takes place ...

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Business & Money | Thursday 2 November, 2023 9:28 am

Fed holds rates for 2nd consecutive time

The Federal Reserve left today, Nov. 1, kept interest rates unchanged at their highest level since 22 years, as widely expected for the second straight time.     In its two-day meeting, the Federal Open Market Committee (FOMC) maintained policy rates at the...

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Business & Money | Thursday 2 November, 2023 9:19 am

Karma Developers Launches AED 300 Million Luxury Residential Project in DIP

Karma Developers unveiled their new luxury residential project, Olivia Residences, at a gala event held at Caesars Palace Dubai for an elite gathering of VIPs, investors, and media personnel. The only residential community adjacent to Green Community in DIP-1, the tower will feature 229 one-,...

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