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 | Monday 23 December, 2024 10:17 am

MEDGULF inks contract with SEC at over 40% of 2023 revenue

The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF) was awarded a one-year contract, on Dec. 22, from the Saudi Electricity Co. (SEC) to provide health insurance coverage for SEC employees. The value of the contract exceeds 40% of revenue as per the latest audited financial...

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Business & Money | Monday 23 December, 2024 10:14 am

Savola to repurchase additional SAR 81M sukuk

Savola Group announced today, Dec. 22, its plan to buy back an additional SAR 81 million worth of sukuk from its SAR 1 billion issuance in 2019, maturing in 2026. In a statement to Tadawul, the company said this would increase the total redeemed sukuk to 94% of the SAR 1 billion initially...

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Business & Money | Monday 23 December, 2024 10:12 am

Banan board approves 23% stake purchase in Qimam for SAR 16.3M

Banan Real Estate Co. and its subsidiary, Al-Aziza Real Estate Development and Investment Co., secured board approval to acquire stakes in Qimam Noshoz Real Estate Development Co., a simplified joint-stock company. The transaction will be financed using a mix of the company's and subsidiary's...

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Business & Money | Monday 23 December, 2024 9:56 am

Dubai Customs gears up to welcome over 5.2M travelers at DXB Airport this holiday season

Dubai Customs has announced comprehensive preparations to ensure smooth travel experiences for passengers arriving in the UAE via Dubai International Airport, as the winter season and New Year holiday approach. With over 5.2 million travelers expected between December 13 and 31, Dubai Customs is...

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Business & Money | Monday 23 December, 2024 9:49 am

The Department of Finance in Ajman Recognises the Top 10 Suppliers of the Ajman Government for 2024

 The Department of Finance in Ajman honoured the top 10 suppliers for 2024 in recognition of their continuous cooperation and support for local government entities. This honour acknowledges their active role in supporting the Department’s efforts to enhance the government’s financial...

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Business & Money | Monday 23 December, 2024 9:43 am

MBSC Partners with SWA to Develop High-Impact Leaders through an Exclusive HIPO Program

In line with its unwavering commitment to fostering leadership excellence and promoting entrepreneurial growth, Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC) has partnered with the Saudi Water Authority (SWA ) to design an innovative High-Potential Development...

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Business & Money | Monday 23 December, 2024 9:38 am

Abu Dhabi Securities Exchange (ADX) Collaborates with 7X on Integrated Digital Postal Services

Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world,  and 7X, the trade, transport, and logistics investment and holding group, have inked a Memorandum of Understanding (MoU) to integrate  ‘Wayn’ digital P.O. Box service as part of ADX’s service...

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Technology & IT | Sunday 22 December, 2024 3:26 pm

HONOR Announces End of Year Sale With Unbeatable Discounts For Maximum Savings

Global technology brand HONOR today announced its highly anticipated End of Year sale, offering exceptional deals and savings across its most popular products. From December 23rd to December 31st, 2024, customers can enjoy exclusive discounts of up to SAR 1,000 on a range of HONOR’s flagship...

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Business & Money | Sunday 22 December, 2024 8:40 am

UAEV announces adoption of recently introduced EV tariffs effective January 2025

UAEV, the UAE's first government-owned electric vehicle (EV) charging network, announced the adoption of the recently introduced EV tariffs by the Ministry of Energy and Infrastructure, effective January 2025. While these tariffs mark an important step towards enhancing the sustainability and...

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Business & Money | Sunday 22 December, 2024 8:37 am

DP World issues $100 million Blue Bond

DP World has issued a groundbreaking $100 million Blue Bond to fund sustainable projects cutting across marine transportation, port infrastructure, marine pollution, as well as nature and water positive initiatives. Through this issuance, DP World will contribute to closing the significant...

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