Business & Money | Monday 18 November, 2024 9:38 am

Emirates NBD Participates in SAR 5 Billion shariah compliant revolving Credit Facility for Riyadh Air

 Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Turkey) region, has participated in the financing of SAR 5 billion revolving credit facility to Riyadh Air, the new national carrier wholly owned by Saudi Arabia’s Public Investment Fund (PIF). The...

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Business & Money | Monday 18 November, 2024 9:34 am

MENA M&A activity saw 522 deals valued at US$71.0b in 9M 2024

According to the EY MENA M&A Insights 9M 2024 report, the MENA region witnessed an increase in merger and acquisition (M&A) activity with a total of 522 deals amounting to US$71.0b. When compared to the same period in 2023, deal volume this year grew by 9%, while deal value saw a 7%...

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Tourism & Hospitality | Monday 18 November, 2024 12:10 am

Best Hotels in Riyadh, Saudi

1. Ritz-Carlton, RiyadhThe best Hotel in Riyadh, Saudi Ritz-Carlton, is a symbol of luxury and elegance in Riyadh. Nestled in a sprawling garden, the hotel features opulent rooms, a lavish spa, and multiple dining options, including gourmet restaurants and cafes. With its exceptional service and...

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Technology & IT | Sunday 17 November, 2024 1:42 pm

HONOR Announces the Upcoming Launch of the Unbreakable AI Smartphone HONOR X9c

Global technology brand HONOR announced the eagerly awaited HONOR X9c, the latest addition to its acclaimed X Series line-up. Introducing the next generation of the durable and powerful HONOR X Series, the HONOR X9c arrives with exciting enhancements to user experience, blending exceptional...

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Business & Money | Sunday 17 November, 2024 11:19 am

MOCCAE hosts workshop to discuss GCC countries’ experiences in accrediting food establishments for exports

The Ministry of Climate Change and Environment (MOCCAE) hosted a workshop to discuss the experiences of the Gulf Cooperation Council (GCC) countries in accrediting food facilities that export to the member states. The workshop, which was held in Dubai, reflects the UAE's key role in enhancing...

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Business & Money | Sunday 17 November, 2024 11:17 am

COP29: UAE announces developing world’s first ChatGPT tool for agricultural community

Mariam bint Mohammed Saeed Hareb Almheiri, Head of the International Affairs Office in the UAE Presidential Court, has announced that the UAE is developing the world’s first ChatGPT tool for the agricultural community. The announcement came today at the UAE Pavilion at COP29 which hosted an...

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Business & Money | Sunday 17 November, 2024 11:09 am

MIS signs SAR 66.8M contract with Ministry of Tourism

Al Moammar Information Systems Co. (MIS) signed a contract with the Ministry of Tourism to supply Microsoft products and services for a total value of SAR 66.78 million, inclusive of VAT. In a statement to Tadawul, the company said the contract spans three calendar years, with the...

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Business & Money | Sunday 17 November, 2024 11:04 am

Ladun unit signs SAR 645.7M mixed-use project contract

Ladun Investment Co.’s subsidiary, Built Industrial Co., inked a contract to undertake “The Point Abha” project for the Real Estate Development Fund (REDF), at a total value of SAR 645.66 million, including VAT, according to a statement to Tadawul. The Point project is a mixed-use...

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Business & Money | Sunday 17 November, 2024 10:53 am

New Murabba Showcased the Future of Urban Development at Cityscape Global 2024

New Murabba, a PIF company, highlighted its transformative vision for urban living at Cityscape Global 2024, one of the world’s largest real estate and urban development exhibitions, where it was the Foundation Sponsor. Inaugurated by the Ministry of Municipalities, the event was held from...

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Business & Money | Sunday 17 November, 2024 10:50 am

Joby Announces Beginning of Work on First Dubai Vertiport

Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced that construction has begun on the first vertiport in its planned Dubai air taxi network. Situated at Dubai International Airport (“DXB”), the vertiport is being...

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