6 Shawwal 1446 - 5 April 2025
    
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Eye of Riyadh

Takaful Emarat rebounds with 84 percent revenue growth, achieves AED960 million in assets
Business & Money | Saturday 5 April, 2025 12:05 pm
Takaful Emarat has announced a remarkable 45 percent increase in its total assets, reaching AED960 million for the fiscal year ending 31st December 2024, reinforcing the group's strengthened financial standing. The company recorded an 84 percent surge in revenues, reaching AED420 million in...
EDGE Group advances anti-drone cooperation with Brazilian Navy
Business & Money | Saturday 5 April, 2025 12:01 pm
EDGE, one of the world's leading advanced technology companies and defence groups, has announced the signing of a strategic letter of intent with the Brazilian Navy, through the Navy's Weapons Systems Directorate, detailing the joint development of anti-drone systems. The next phase will...
AIM Congress 2025 kicks off in Abu Dhabi on Monday
Business & Money | Saturday 5 April, 2025 11:59 am
The UAE is organising the 14th edition of the AIM Congress, set to be held under the theme "Mapping the Future of Global Investment: The New Wave of a Globalised Investment Landscape - Towards a New Balanced World Structure”. The event will take place from 7th to 9th April at ADNEC Centre Abu...
AD Ports Group appoints Mar Construction, Dar Al Handasah for major modernisation of Noatum Ports Luanda Terminal
Business & Money | Saturday 5 April, 2025 11:57 am
AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, has appointed Mar Construction Civil & Obras Publicas - LDA to design and build the topside and marine infrastructure of the Noatum Ports Luanda Terminal, located in Angola’s largest port....
National Building fulfils prerequisite for TASI transition
Business & Money | Saturday 5 April, 2025 11:53 am
National Building and Marketing Co. announced today, April3, the fulfillment of one of the prerequisites of its planned transition to the Main Market (TASI), as per the relevant implementing regulations. In a statement to Tadawul, the company said the board report for the fiscal year (FY)...
Elm inks SAR 1.9B banking facilities agreement with SNB
Business & Money | Saturday 5 April, 2025 11:51 am
Elm Co. signed, on March 27, a SAR 1.9 billion Shariah-compliant banking facilities agreement with Saudi National Bank (SNB). In a statement to Tadawul, the company said that the financing period is five years, and the step aims at funding expansions and acquisitions. The credit is...
Al Arabia signs MoU with Multiply Group to invest in outdoor advertising
Business & Money | Saturday 5 April, 2025 11:48 am
Arabian Contracting Co. (Al Arabia) signs a memorandum of understanding (MoU) with Multiply Group's media vertical for the creation of a joint entity to invest in the global out-of-home advertising sector, strengthen global presence and support expansion plans into international...
Clean Life partially leases residential building in Riyadh for SAR 525,000
Business & Money | Saturday 5 April, 2025 11:46 am
Clean Life Co. signed on March 28 a contract with Alfanar Projects Co. to partially lease its owned residential building in Ar-Rimal district, Riyadh, for SAR 525,000. In a statement to Tadawul, Clean Life said it leased 30% capacity of its wholly owned building, which exceeds the company's...
Purity wins SAR 3.31M contract from Taqeem
Business & Money | Saturday 5 April, 2025 11:41 am
Purity for Information Technology Co. was awarded on March 27 a VAT-inclusive contract by Saudi Authority of Accredited Valuers (Taqeem) at a total value of SAR 3.31 million. Under the 12-month contract, Purity will help Taqeem continue the development and operation of its e-portal, the...
Saudia Launches New Scheduled Flights to Bali
Tourism & Hospitality | Friday 4 April, 2025 8:16 pm
Saudia, the national flag carrier of Saudi Arabia, has announced the inauguration of three weekly scheduled flights to Bali, Indonesia. The inaugural flight, SV856, operated by the state-of-the-art B787 Dreamliner, departed from King Abdulaziz International Airport in Jeddah at 01:10 AM on Monday...
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