Category Archives: Business & Investments

Business & Investments

Binghatti Acquires State-of-the-Art Steel Manufacturing Facility in Dubai

Binghatti Acquires State-of-the-Art Steel Manufacturing Facility in Dubai

13 May 2024 – Dubai developer Binghatti proudly announces the acquisition of a state-of-the-art steel manufacturing facility in Dubai. The newly acquired steel factory marks a significant milestone in Binghatti’s commitment to innovation and excellence in the real estate industry.

The facility will be equipped with cutting-edge technology and will serve as the primary hub for Binghatti’s proficient in-house team of designers, architects, and manufacturing experts to transform ground-breaking architectural design into top-tier hyper-towers. Design structures including elements of the iconic crowns featured atop of Binghatti’s latest mega projects Burj Binghatti Jacob&Co Residences as well as Mercedes Benz Places | Binghatti are expected to be manufactured in the facility.

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Business & Investments

First Saudi WoodShow to Kick Off in Riyadh tomorrow

First Saudi WoodShow to Kick Off in Riyadh tomorrow

Riyadh, Saudi Arabia, 11th May 2024:The eagerly awaited Saudi International Wood and Woodworking Machinery Exhibition (Saudi WoodShow) is all set to make its debut tomorrow, 2024, at the heart of Riyadh, Saudi Arabia. Organized under the prestigious banner of WoodShow Global, this inaugural event promises to be a cornerstone in the region’s wood and woodworking machinery industry.

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Business & Investments

E-Commerce market in Saudi Arabia poised to reach US$25 bn by 2029

E-Commerce market in Saudi Arabia poised to reach US$25 bn by 2029 while WebCastle receives Best E-Commerce Award in 2024

Saudi Arabia, which is undergoing tremendous growth and transformation, will have to digitize its economy by deploying the best web developers, coders, mobile application and E-Commerce platform developers that will help the Kingdom achieve exponential growth in the next five to 15 years

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Business & Investments

USD 9.25 Million in Investments Committed to Start-ups during FinTech World Cup at Dubai FinTech Summit

USD 9.25 Million in Investments Committed to Start-ups during FinTech World Cup at Dubai FinTech Summit

  • 15 Regional finalists pitched at the FinTech World Cup (FWC) grand finale during the Dubai FinTech Summit

Dubai, 10 May 2024: The much-awaited Grand Finale of the FinTech World Cup (FWC) hosted by Trescon in partnership with Dubai FinTech Summit (DFS), VISA, Emirates NBD & Amazon Web Services (AWS), witnessed committed investments totalling worth over USD 9,250,000 (9.25 million) by various investors.

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Business & Investments, Travel & Tourism

Arabian Travel Market 2024 sees 15% year-on-year growth

Arabian Travel Market 2024 sees 15% year-on-year growth, setting a new show record with more than 46,000 attendees across four days

  • The 31st edition of Arabian Travel Market welcomed more than 33,000 visitors from over 160 countries to DWTC from 6-9 May 2024 – an 11% rise over last year
  • Over 2,600 exhibiting companies took part in ATM 2024, which featured industry professionals from around the world
  • This year’s show explored the drivers behind industry growth in line with the theme: ‘Empowering Innovation: Transforming Travel Through Entrepreneurship’
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