DUBAI / Emirates Business UAE residents will soon be able to send remittances directly through their mobile phones, using a first-of-its-kind mobile wallet, which is set to launch at GITEX Technology Week 2017. The new service, which enables instant and secure transaction through a mobile application, has been developed by digital payments enabler Trriple. With a booming economy and an …

DUBAI / WAM Despite softening slightly in September, growth in the UAE’s non-oil private sector remained sharp and marked the strongest quarter recorded for two years, according to the latest UAE PMI survey. It added, “The latest improvement in business conditions was driven by above-average expansions in both output and new orders. That said, new business from abroad slipped back …

KHOBAR / Reuters Abu Dhabi Future Energy Company (Masdar) and EDF Energies Nouvelles have submitted the lowest bid to build the first utility-scale solar plant in Saudi Arabia, reports said. The 300-megawatt solar photovoltaic (PV) project is in Sakaka, the Al Jouf Province in the north of the kingdom. The two companies submitted a joint bid for a levelised cost …