Business & Money | Thursday 28 November, 2024 4:44 pm

RIBA strengthens Gulf presence and partnerships

As part of its work to promote architectural excellence and grow its global membership, the Royal Institute of British Architects (RIBA) has been taking steps to strengthen its presence and strategic partnerships in the Gulf. This work coincides with the 15th anniversary of the RIBA Gulf...

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Business & Money | Wednesday 25 December, 2024 9:22 am

SPIMACO obtains SAR 220M credit facilities from Alinma Bank

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) inked a Shariah-compliant credit facility agreement with Alinma Bank for SAR 220 million, according to a statement to Tadawul. The agreement includes a short-term, one-year facility at SAR 20 million, and...

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Business & Money | Wednesday 25 December, 2024 9:19 am

Mubadala acquires majority stakes in Global Medical Supply Chain, Al Ittihad Drug

Mubadala Investment Company has acquired an 80% stake in Global Medical Supply Chain (GMSC) and Al Ittihad Drug Store (IDS) from GlobalOne Healthcare Holding (GHH), with GHH retaining a 20% stake. This strategic acquisition enhances Mubadala's footprint in the healthcare logistics and...

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Business & Money | Wednesday 25 December, 2024 9:17 am

‘National Food Safety Committee’ discusses ways to strengthen food control systems

The National Food Safety Committee discussed, during its second meeting in 2024, ways to develop food control systems and the progress of implementing the 2024-2026 action plan in collaboration with various regulatory bodies and local authorities across the UAE. Chaired by Mohammed Saeed Al...

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Business & Money | Wednesday 25 December, 2024 9:15 am

MAJRA urges private sector firms to obtain Verified Impact Project Stamp

The National CSR Fund – MAJRA has called on private sector companies to secure their Verified Impact Project Stamp to enhance trust and credibility. This initiative aims to validate corporate social responsibility (CSR) projects undertaken by companies and showcase their commitment to...

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Business & Money | Wednesday 25 December, 2024 9:12 am

SEDD organises ‘Family Businesses’ introductory workshop

Sharjah Economic Development Department (SEDD) organised a virtual introductory workshop about “Family Businesses” licences that are issued in the emirate of Sharjah. This workshop focuses on educating family businesses about the procedures and requirements necessary to register their...

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Business & Money | Wednesday 25 December, 2024 9:09 am

Ministry of Economy details new pricing policy for 9 categories of essential consumer goods

The Ministry of Economy held a press briefing to outline the specifics of the new pricing policy that was previously introduced to monitor the pricing of essential consumer goods. The policy includes three ministerial decrees aimed at regulating the new pricing framework, enhancing the...

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Business & Money | Wednesday 25 December, 2024 9:07 am

Sanad launches 5th production line for 'LEAP-1A' engines

Sanad, the global aerospace engineering and leasing solutions leader, has announced the expansion of its maintenance, repair and overhaul (MRO) capabilities to include the CFM LEAP-1A engine. This expansion bolsters Sanad's position as the leading engine MRO player in the Middle East and North ...

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Business & Money | Wednesday 25 December, 2024 9:05 am

Hamdan bin Mohammed forms interim steering committee to oversee transfer of commercial control operations in Dubai

In his capacity as Chairman of the Executive Council of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has issued Executive Council Resolution No. (99) of 2024, forming the Steering Committee for Overseeing the...

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Business & Money | Wednesday 25 December, 2024 9:01 am

Emarat, Lootah Biofuels sign MoU to enhance cooperation in renewable energy

The Emarat Petroleum Company (Emarat) and Lootah Biofuels have signed a Memorandum of Understanding (MoU) to enhance cooperation in line with the UAE plans to develop renewable energy sources and enhance sustainability. The MoU aims to establish a framework for cooperation between the two...

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Business & Money | Wednesday 25 December, 2024 8:49 am

Edarat receives Islamic facility from SAB at SAR 18M

Edarat Communication and Information Technology Co. inked on Dec. 24, a Shariah-compliant credit facility agreement with Saudi Awwal Bank (SAB) at SAR 18 million, according to a statement to Tadawul. The agreement included a medium-term, three-year facility at SAR 8 million to finance the...

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