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Banking & Finance
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21 events were held this year to support startups, nurture talent, and strengthen partnerships
During his two-decade tenure at Microsoft, Samer Abu-Ltaif spearheaded several transformative initiatives
The UAE led the MENA region's startup ecosystem with $1.1 billion raised across 207 startups
EDB has expanded its team from 135 to over 350 employees since April 2021, a remarkable 159 percent increase
QAR500 million for 7 days (new issue), with an interest rate of 4.610 percent; QAR250 million for a duration of 28 days
The bank's net profit before tax reached $2.7 billion, marking a 12 percent rise
Energy
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The focus on oil prices increase highlights concerns over potential supply disruptions from Canada and Mexico
The company achieved record growth in its net profits for Q4 2024, reporting a net profit of AED502 million
Attention focused on key U.S. PCE inflation data later today for clues on interest rates
In December, UAE petrol and diesel prices hit their lowest for 2024, continuing into 2025
West Texas Intermediate crude futures climbed 0.3 percent to $72.81 a barrel
Crude prices saw some losses this week amid concerns over weak Chinese economic data
Health
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Emphasizing healthcare as a fundamental right for all
Diverse leadership, including women, enhances decision-making and outcomes by 21 percent
World Health Expo (WHX) unifies Informa Markets' healthcare events for global connection and collaboration
Event highlighted the role of sports medicine in supporting the physical health of top athletes and advancing health equity
H.H.: This event reflects Dubai’s vision for innovative health systems built on strong international partnerships
AI systems can detect diseases in medical images with an accuracy rate of as high as 94 percent
Industry
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In its initial phase, TA'ZIZ will produce 4.7 million tons per annum of chemicals by 2028
Joint venture to invest in buying shares, providing loans and securing deals tied to production
The authority emphasized the crucial role of over 2,000 certified Saudi seafarers in advancing the sector
This represents the second consecutive year in which shipment volume has fallen below the 250 million mark
In 2024, Saudi Arabia rose to 15th in global container handling, according to Lloyd’s List
Honeywell Himaya Center to support Kingdom’s localization and IKTVA goals with advanced cybersecurity solutions
Logistics
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The chamber participated in 127 global events in 78 cities across 50 countries
The initiative improves KYC compliance, customer data quality, and supports future growth of the network
The Joby S4 aerial taxi features cutting-edge electric technology, ensuring zero emissions, safety, and comfort
First enhancement will boost vehicle capacity by 30 percent, improving entry and exit flows significantly
Middle Eastern airlines saw a 9.4 percent air traffic rise in 2024
Etihad Credit Insurance achieves AA- rating with stable outlook from Fitch for seventh year in a row
H.E. Abdullah bin Touq: ECI’s favourable ratings from Fitch thereby enhance business confidence in the national economy
Markets
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Several companies are set to release their fourth quarter of 2024 results this week, including ADNIC, ADNOC Gas and Al Salam Bank
On Saturday, Trump levied 25 percent tariffs on Canadian and Mexican imports and 10 percent on goods from China starting February 4
The focus on oil prices increase highlights concerns over potential supply disruptions from Canada and Mexico
Musk predicted Tesla will be world’s biggest company
Market capitalization surged by 32 percent to $246.9 billion
Attention focused on key U.S. PCE inflation data later today for clues on interest rates
Miscellaneous
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Erth Dubai will be carried out in multiple phases throughout 2025, starting with the collection of submissions from the community
Eid Al Fitr will mark the next long weekend and holiday in the UAE this year
Dubai Basketball has made history as the first team from the Middle East to compete in Europe’s ABA League
Sheikh Mohammed emphasized that nations are built and protected by loyal citizens who prioritize national interests
The crescent moon of Shaaban 1446 AH was photographed today at 9.30 AM from the Al Khatem Astronomical Observatory in Abu Dhabi
This year’s rankings highlight Khalifa University’s Engineering program, which has risen to the 126-150 range
Real Estate
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Sales transactions totaled AED6.5 billion across 1,730 deals last month
First development under Red Sea Residences revealed to date is located on the Shura Island
Commercial property valuations reached AED5.29 billion, surpassing residential property valuations at AED2.12 billion
Located in the heart of Dubai, Emirates Hills is a prestigious gated community often referred to as the 'Beverly Hills of Dubai'
170,000 new residents fueling the emirate’s real estate market growth
The first half of 2024 saw more than 220,000 people relocating to Dubai, said Sajwani
Telecom
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The FIG project will provide GCC nations a secure, low-latency route connecting Europe with 720Tbps capacity
The contract lasts 18 months for execution, followed by 15 years of operation
Hatem Dowidar once again named 'Telecom Guardian of the Year' in Global 500 2025 Report
The Group remains the most valuable telecom brand in the Middle East & Africa for five years
The cable will be a trusted option for big companies and international service providers
