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 | Friday 27 December, 2024 9:24 am

Roshn launches first Makkah project on 21m sqm

ROSHN Real Estate Co., a wholly-owned subsidiary of the Public Investment Fund (PIF), announced the groundbreaking of Al-Manar Community, marking its first fully integrated residential development in Makkah. Al-Manar Community spans 21 million square meters (sqm) and will feature over 33,000...

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Business & Money | Friday 27 December, 2024 9:22 am

Leejam approves CEO resignation, Abdulelah Al-Nemr succeeds

Leejam Sports Co.’s board of directors approved today, Dec. 26, the resignation of CEO Adnan Al-Khalaf. In a statement to Tadawul, the company said Al-Khalaf’s resignation was due to his decision not to renew his contract. His resignation will take effect upon expiry of his post on Feb....

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Business & Money | Friday 27 December, 2024 9:19 am

Al Yamamah Steel holds 60% of Saudi renewable energy market: CEO

Al Yamamah Steel Industries Co.’s CEO Sahel Al Thobiti stated that the company controls over 60% of renewable energy projects in Saudi Arabia and exports to select international markets.   In an interview with CNBC Arabia, he said the company reported a 340% year-over-year (YoY)...

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Government | Friday 27 December, 2024 9:17 am

CEDA discusses economic issues

The Council of Economic and Development Affairs (CEDA) discussed the December economic report, presented by the Ministry of Economy and Planning, during a virtual meeting.  The report included an analysis of the latest global economic developments, challenges ...

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Business & Money | Friday 27 December, 2024 12:33 am

Azizi Azure, part of the fourth phase of Riviera, hits 85% construction milestone

Azizi Developments, a leading private real estate developer in the UAE, has announced the noteworthy progress of Azizi Azure, part of the fourth phase of Riviera, its French Mediterranean-inspired waterfront community located in the highly sought-after Mohammed Bin Rashid City, amid Dubai’s most...

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Business & Money | Thursday 26 December, 2024 11:54 am

Saudi Networkers signs SAR 50M credit facilities deal with Al Rajhi Bank

Saudi Networkers Services Co. signed, on Dec. 24, a Shariah-compliant credit facilities agreement worth SAR 50 million with Al Rajhi Bank. In a statement to Tadawul, the company said the funding period lasts until Oct. 31, 2025, and the credit will be used to finance working capital. The...

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Business & Money | Thursday 26 December, 2024 11:46 am

Youth-led 'Emirati District' takes flight at Dubai International

A new hub dedicated to empowering young Emirati entrepreneurs has opened its doors at Dubai International (DXB). The 'Emirati District', an initiative led by the Federal Youth Authority in partnership with the Fatima bint Mohamed bin Zayed Initiative, represents a key project within the first...

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Business & Money | Thursday 26 December, 2024 11:44 am

Jafza, Imdaad cut landfill use by 37% with waste-to-fuel plant

Jebel Ali Freezone (Jafza) has cut its landfill waste by 37% in just nine months this year through a new partnership with Imdaad, a Dubai-based company specialising in sustainable facilities management, marking a major step in the UAE's journey towards a circular economy. The significant...

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Business & Money | Thursday 26 December, 2024 11:41 am

UAE participates in first meeting of Arab Cybersecurity Ministers Council in Riyadh

The United Arab Emirates, represented by the UAE Cybersecurity Council, participated in the first meeting of the Arab Cybersecurity Ministers Council, which was hosted in Riyadh, Saudi Arabia, on December 22-23, 2024, under the auspices of the General Secretariat of the Arab League. The...

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Business & Money | Thursday 26 December, 2024 11:39 am

UAE, Croatia explore opportunities to bolster bilateral economic, trade relations

Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, met Ante Šušnjar, Croatia’s Minister of Economy and Sustainable Development, during an official visit to Zagreb. Discussions between the two ministers, who were joined by Ahmed Alattar, non-Resident Ambassador of the...

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