Business & Money | Monday 18 November, 2024 10:19 am

CBUAE, NSI sign MoU to bolster cooperation in security and occupational safety

The Central Bank of the UAE (CBUAE) signed a Memorandum of Understanding (MoU) with the National Security Institute at the Central Bank’s headquarters in Abu Dhabi to cooperate in the areas of security related to protection, awareness, occupational safety and health. The MoU aims to enhance...

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Business & Money | Monday 18 November, 2024 10:16 am

Sharif Al Olama emphasises importance of storage capacity development to tripling renewables target at COP29

At the 29th UN Climate Change Conference (COP29), taking place in Baku, Azerbaigan, Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure (MoEI), participated in the Ministerial Roundtable on the Announcement of the COP29 Action Agenda Green...

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Business & Money | Monday 18 November, 2024 10:12 am

Masdar, SOCAR Green achieve financial close for 760MW of solar projects in Azerbaijan

Abu Dhabi Future Energy Company (Masdar) and SOCAR Green, a wholly-owned subsidiary of SOCAR dedicated to sustainable projects, have reached financial close for the 445MW Bilasuvar and 315MW Neftchala solar projects in Azerbaijan. The European Bank for Reconstruction and Development (EBRD),...

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Business & Money | Monday 18 November, 2024 10:11 am

UAE participates in 122nd session of UNWTO Executive Council in Colombia

The Ministry of Economy (MoEc) participated in the 122nd session of the United Nations World Tourism Organisation (UNWTO) Executive Council in Colombia, led by Badreya Al Maidoor, Assistant Under-Secretary for Support Services at the Ministry of Economy. The meeting was aimed at fostering...

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Business & Money | Monday 18 November, 2024 9:52 am

Saudi Azm wins project from IAU

Saudi Azm for Communication and Information Technology Co. was awarded a project to implement managed services for the civil service sector to operate, develop, and analyze the platforms and applications with Imam Abdulrahman bin Faisal University (IAU). The company added in a statement...

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Business & Money | Monday 18 November, 2024 9:48 am

ASDA signs The Point project contract in Abha for SAR 1B

Prince Turki bin Talal bin Abdulaziz, Governor of Aseer Region and Chairman of Aseer Development Authority (ASDA), attended the signing of the main contractor agreement for the construction of The Point project. The project is managed by ASDA in partnership with the Tourism Development Fund (TDF),...

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Business & Money | Monday 18 November, 2024 9:45 am

Miral inks contract to rent new branch in Riyadh for SAR 12.4M

Miral Dental Clinics Co. signed a contract with Ibrahim Saleh Abdullah Al-Hamid to rent a new branch in Riyadh for nine years starting from Feb. 13, 2025, at a total value of SAR 12.4 million (VAT inclusive). In a statement to Tadawul, the company said that the new dental center spans an area...

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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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