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Business

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Business, Featured
October 19, 2023

 Abu Dhabi Government entities have advanced sustainable innovation across key sectors as they showcase numerous projects and initiatives at the Abu Dhabi Pavilion at GITEX Global 2023.On the third day of the event, TAMM has revealed the inclusion of Etisalat e& services on the Abu Dhabi Government digital services platform.The Family Development Foundation (FDF) has launched the Digital Social Observer platform, which automates the monitoring and assessment of social challenges across the emirate, enabling the prediction of possible developments and...

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Business
January 27, 2023

Seven listed banks in the UAE reported net profit of AED33.125 billion in 2022, demonstrating the strength of their financial soundness, the advantages of their high liquidity, and the robust revenues brought on by the full recovery from the Covid-19 effects. The highest share of the overall profits was claimed by the country's main lender, First Abu Dhabi Bank (FAB), which in 2022 generated net profits of roughly AED13.4 billion, a growth of 7% from 2021. The Group's actual growth, the...

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Business
January 18, 2023

Foreign Direct Investment (FDI) into the Chinese mainland, in actual use, expanded 6.3 percent year-on-year to 1.23 trillion yuan in 2022, state news agency (Xinhua) said on Wednesday. In US dollar terms, the FDI inflow went up 8 percent year-on-year to US$189.13 billion, the Ministry of Commerce said. ...

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Business
January 16, 2023

 CEO of the Saudi Fund for Development (SFD) Sultan bin Abdulrahman Al-Marshad met here today with President of National Institute of Water Resources (INRH) Antonio Rodriguez of the Republic of Cuba, and his accompanying delegation.During the meeting, they discussed development issues of common interest, and enhancing possible vital opportunities for development projects in Cuba.Al-Marshad also received here today Secretary of Development Planning and Federal Competitiveness of the Argentine Republic Jorge Neme, in the presence of Ambassador of the Argentine Republic...

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Business
January 16, 2023

he Ministry of Energy and Infrastructure signed a Memorandum of Understanding (MoU) with the Department for Business, Energy & Industrial Strategy in the United Kingdom of Great Britain and Northern Ireland. The memorandum aims to exchange information, knowledge, expertise and studies in the field of energy and promote it for the vital role it plays in sustainable development at the local and international levels. The signing ceremony was attended by Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, at the...

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Business
January 16, 2023

Etihad Credit Insurance (ECI), the UAE Federal export credit company, announced the appointment of Board member and Managing director of ECI, Raja Al Mazrouei, as the acting CEO to succeed Massimo Falcioni, who stepped down from his position as CEO of the company. Raja Al Mazrouei is an accomplished digital transformation expert with over two decades of experience in the financial services and technology sectors. She has a proven track record of successfully turning around and enabling businesses and is also...

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Business
January 10, 2023

ABU DHABI, 9th January, 2023 (WAM) -- Abu Dhabi Accountability Authority (ADAA) has launched the ADAA Smart application that offers several features, including access to the Wajib platform. The app allows individuals to report financial or administrative misconduct that may be caused to public funds and resources, not only to investigate, but also to prevent them from happening. The launch aims to encourage the sense of shared responsibility and promote a culture of awareness in preserving public resources in Abu Dhabi. ADAA developed...

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Business
January 10, 2023

ABU DHABI, 9th January, 2023 (WAM) -- Aldar Properties (Aldar) has witnessed a robust year-on-year improvement in its ratings across three major global environmental, social, and governance (ESG) benchmarks, as gains continued to be made as a result of the strategic integration of ESG into the firm’s operating model. Aldar’s higher ESG ratings from Sustainalytics, MSCI, and the S&P Dow Jones Sustainability Index (DJSI) were driven by enhanced data disclosure, governance, and risk management processes as well as improved supply chain...

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Business
January 10, 2023

Diriyah becomes the fifth PIF giga-project after NEOM, Red Sea, Qiddiya, and Roshn projects Giga-projects form a key part of PIF’s strategy due to their ability to create new economic ecosystems that drive economic growth and diversification in Saudi Arabia  The Diriyah Project aligns with PIF’s strategy to focus on unlocking the capabilities of promising sectors, including tourism and culture in order to support Saudi Arabia’s position regionally and internationally as a leading tourism and cultural destination​ His Royal Highness Crown Prince Mohammad bin...

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