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Saudi Arabia emerges key regional fintech hub with 68 new permitsThe Capital Market Authority (CMA) of Saudi Arabia has continued to strengthen the regulatory foundations for fintech growth, announcing that a total of 68 fintech experimental permits have been granted by the end of Q2 2025, with 50 fintech companies currently registered under the CMA’ More… |
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Faraday Future mulls key investment in Qualigen TherapeuticsFaraday Future Intelligent Electric, a California-based global shared intelligent electric mobility ecosystem company, and Qualigen Therapeutics, have entered into a securities purchase agreement for a private investment in public equity (PIPE) in QLGN’s common stock and preferred stock More… |
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Al Ain Farms, Food Tech Valley to set up food logisitics hubAl Ain Farms Group (AAFG), the UAE’s national food champion, and Food Tech Valley, Dubai’s government-backed food innovation centre, have signed an agreement to develop a 260,000 sq ft logistics hub in Dubai. The facility will strengthen the More… |
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Southern Province Cement, Yanbu Cement merger talks ends without accordSaudi Arabia's Southern Province Cement Company has announced in a filing to the Saudi Stock Exchange that its memorandum of understanding (MoU) with Yanbu Cement Company, aimed at evaluating the feasibility of a potential merger, has expired without the two sides reaching a final agreeme More… |
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UAE, US non-oil trade tops $38bn; new opportunities emergeThe UAE-US bilateral non-oil trade reached $38 billion in 2024, reflecting 44.5% growth over the past five years, it was revealed at a major conference in New York. In first half of 2025, bilateral non-oil trade amounted to $19.3 billion, said Dr Thani b More… |
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UAE committed to building strong food sector: MinisterThe UAE is committed to building a resilient food sector underpinned by innovation and sustainability, Abdulla bin Touq Al Marri, Minister of Economy and Tourism, has said. Inaugurating the Future Food Forum 2025 in Dubai on Tuesday, Al Marri said forum comes More… |
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Chief economists warn of weak growth; systemic disruptionsThe global economy is entering a period of weak growth and systemic disruption, according to the World Economic Forum’s latest Chief Economists’ Outlook, published on Tuesday. Some 72% of surveyed chief economists expect the global economy to weake More… |
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New UAE partnership to test emerging delivery modelsThe UAE’s Regulatory and Licensing Sector of the Postal Sector Regulatory Committee has forged a strategic partnership with Dubai Future Foundation to provide a dynamic and secure testing environment for emerging delivery models under the Sandbox Dubai initiative. &nb More… |
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Sadafco to deploy Tetra Pak E3 Speed Hyper Line to accelerate milk productionSaudia Dairy and Foodstuff Company (Sadafco), a leading producer of high-quality dairy and food products in the Kingdom, has signed a strategic agreement with Tetra Pak to install the cutting-edge Tetra Pak E3/Speed Hyper line, the fastest filling machine in aseptic carton manufacturing for f More… |
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Dubai tops in greenfield FDI again with 643 projectsDubai remained the number one destination for greenfield foreign direct investment (FDI) projects in the first half of this year, according to a report. This is the eighth consecutive half-year period since H2 2021, Dubai topped the list published by Financial More… |
