Business & Money | Sunday 28 October, 2018 6:36 am

PCFC and Abu Dhabi Customs sign MoU to spur economic development

In fulfilment of the wise vision of the leadership for creating an attractive investment environment that encourages businesses and supports the national economy, the Ports, Customs, and Free Zone Corporation (PCFC) signed a memorandum of understanding with the General Administration of...

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Business & Money | Sunday 28 October, 2018 3:53 am

Cutting-edge technology to transform Haj: Benten

The Haj pilgrimage to the holy city of Makkah is a religious obligation that every able-bodied adult Muslim must perform at least once in life. It is also one of the world’s largest annual migrations, with more than 2 million pilgrims performing the ritual in 2018. In addition, millions of ...

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Business & Money | Sunday 28 October, 2018 3:34 am

Emirates Float Glass Showcases Products and Services to World at Glasstec Trade Fair

Emirates Float Glass, a subsidiary of Dubai Investments PJSC and a state-of-the-art integrated float glass facility in the UAE, showcased its cutting edge technologies, capabilities and offerings at the 25th edition of Glasstec International Trade Fair and Conference in Dusseldorf, Germany, the...

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Business & Money | Sunday 28 October, 2018 3:13 am

$658m deal signed to supply power to 210,000 homes in South Africa

Saudi company ACWA Power, which operates in the fields of power generation and desalination in more than 10 countries, has announced plans to invest $658 million in South Africa. An announcement on Friday said this will help to boost trade and investment links between Saudi Arabia and the African...

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Business & Money | Sunday 28 October, 2018 3:05 am

Saudi Arabia’s first center to support small and medium enterprises opens

The Minister of Commerce and Investment Dr. Majid bin Abdullah Al-Qassabi inaugurated the Kingdom’s first center to support and empower small and medium enterprises, at the Saudi Small and Medium Enterprises Authority (Monsha’at) headquarters in Riyadh. The launch was attended by Ferid ...

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Business & Money | Saturday 27 October, 2018 3:38 am

Saudi delegation to attend EU-Arab Summit

A Saudi business delegation will attend the third EU-Arab World Summit in Athens next week, with the aim of promoting the interests of the Kingdom’s business sector. The two-day summit starts on Monday under the theme “shared horizons.” The delegation will be headed by the...

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Business & Money | Friday 26 October, 2018 6:35 am

AL-Falih; Deals signed at Riyadh conference worth $56bn

Deals signed at the Riyadh Future Investment Initiative (FII) conference reached a total value of $56billion, Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said on Thursday. "There were more than 25 deals signed worth $56 billion," Al Falih said in remarks...

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Business & Money | Friday 26 October, 2018 6:33 am

Saudi Arabia’s PIF joins Russia and China in $2.5bn ‘trilateral’ investment fund

Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) is to join forces with Russian sovereign wealth fund RDIF as a new partner in the joint Russia-China Invesment Fund, it was announced on Thursday. As part of the agreement, Saudi’s PIF will contribute $500 million to ...

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Business & Money | Friday 26 October, 2018 2:31 am

Saudi Housing Ministry signs residential real estate deals worth $4.4bln on FII sidelines

The Saudi Ministry of Housing has signed three residential real estate development agreements worth $4.4 billion, the Saudi Arabian General Investment Authority (SAGIA) announced on Thursday on the sides of the Future Investment Initiative in Riyadh. One of the deals was a $2.6 billion memorandum...

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Business & Money | Friday 26 October, 2018 2:30 am

Double win for GAC Dubai at Logistics & Transport Awards 2018

Neil McMaster, GAC Dubai’s General Manager for Contract Logistics, took to the stage twice at last week’s inaugural Logistics & Transport Awards: once, to accept the FMCG Logistics Provider of the Year accolade on behalf of the company; and again when he was named Supply Chain...

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