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 9:05 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 8:45 am

Bank AlJazira plans to issue SAR-denominated Additional Tier 1 Sukuk

Bank AlJazira plans to issue a SAR- denominated additional Tier 1 Sukuk through a private placement in Saudi Arabia, aligning with its SAR 5 billion additional Tier 1 Sukuk issuance program, according to a statement to Tadawul. The bank mandated AlJazira Capital,...

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Business & Money | Tuesday 24 December, 2024 2:25 pm

BSF shareholders OK capital hike to SAR 25B via bonus issue

Banque Saudi Fransi’s (BSF) shareholders approved a 107.4% capital increase from SAR 12.05 billion to SAR 25 billion during the extraordinary general meeting (EGM), held on Dec. 23, according to a statement to Tadawul. Capital Increase DetailsCurrent CapitalSAR 12.05 blnNumber of Shares1.205 ...

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Beauty & Style | Tuesday 24 December, 2024 2:18 pm

Jazeera Paints" Organizes an Enriching and Inspiring Experience to Strengthen Cultural National Identity Among Its Employees

 https://www.youtube.com/watch?v=3EsFYb0_MRk As part of its efforts to emphasize the importance of the Arabic language as a fundamental pillar of national identity, “Jazeera Paints”, the leading company in the industry of paints, colors and construction solutions in KSA and MENA,...

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Business & Money | Tuesday 24 December, 2024 11:00 am

Real estate valuation in Ajman totals AED598 million in November 2024

The Department of Lands and Real Estate Regulation in Ajman announced that 173 real estate valuation transactions were recorded in November, totalling AED598 million and marking a significant increase of 88 percent compared to the same period last year. Omar bin Omair Al Muhairi,...

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Business & Money | Tuesday 24 December, 2024 10:58 am

Alef Group announces launch of Samr 2 in Hayyan

Alef Group, a real estate developer in Sharjah, has launched Samr 2, the latest addition to its Hayyan development. Building on the strong demand for previous neighborhoods, including Arim, Alma, and Samr 1, particularly for townhouses, this launch introduces a new selection of 2-, 3-, and...

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Business & Money | Tuesday 24 December, 2024 10:41 am

Shalfa wins SAR 162M contract with Presidency of State Security

Shalfa Facilities Management Co. was awarded today, Dec. 23, a contract by the Presidency of State Security worth nearly SAR 162 million (VAT inclusive), the company said in a statement to Tadawul. According to the company, the contract entails providing operation, maintenance and cleaning...

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Business & Money | Tuesday 24 December, 2024 10:38 am

PIF assets hit $925B

The Public Investment Fund (PIF) took the sixth position among the world’s largest sovereign wealth funds (SWFs), after its net assets amounted to $925 billion, recent data from the SWF Institute showed. PIF's assets declined by $15.26 billion from $940.26 billion by the end of...

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Business & Money | Tuesday 24 December, 2024 10:36 am

Jana Medical secures SAR 76.1M credit facility with Riyad Bank

Jana Medical Co. signed, on July 9, an Islamic financing agreement worth SAR 76.05 million with Riyad Bank, according to a statement to Tadawul today, Dec. 23. The financing is aimed to fund a project entailing the supply of 120 ambulances to government health authorities in coordination with...

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