Business & Money | Tuesday 10 September, 2024 10:08 am

AMAK inks LoI with Power Metal for nickel ore extraction in Qatan

Almasane Alkobra Mining Company (AMAK) signed, on Sept. 9, a letter of intent (LoI) with Power Metal Resources Plc, listed on the London Stock Exchange, according to a statement to Tadawul. This LoI aims for a joint venture (JV) agreement to explore, develop, and extract nickel ore and related ...

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Business & Money | Tuesday 10 September, 2024 9:46 am

Art Jameel and Dubai Culture reveal Research and Practice Platform grant recipients for creative projects that address the climate crisis

 Dubai Culture and Arts Authority (Dubai Culture), in partnership with Art Jameel, an organisation that supports artists and creative communities, announce the ten recipients of the Research and Practice Platform grants programme. These individuals were selected as a result of an Open Call for ...

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Business & Money | Tuesday 10 September, 2024 8:49 am

Saudi Arabia Showcases Strategic Tourism Investments at IHIF Asia, Opening Doors to Investors

 Saudi Arabia is rapidly establishing itself as a global leader in tourism, with the Kingdom’s remarkable achievements in 2023 setting a new benchmark for the industry. This progress was on full display at the IHIF Asia International Hospitality Investment Forum in Hong Kong, where the Saudi ...

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Business & Money | Monday 9 September, 2024 11:33 am

Retail Congress MENA 2024: Igniting the Future of Retail in Saudi Arabia

The retail industry is on the cusp of a new era, and the Retail Congress MENA 2024 is set to be the catalyst for its transformation. This landmark event, taking place on November 4-5 at the Mandarin Oriental, Al Faisaliah in Riyadh, is a celebration of the 30th anniversary of the Middle East...

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Business & Money | Monday 9 September, 2024 11:21 am

Riyadh Cement redeems SAR 25M in tax returns withheld with ZATCA

Riyadh Cement Co. said as much as SAR 25.04 million was credited to its main account with the Zakat, Tax and Customs Authority (ZATCA) for withholding prepaid tax returns, the company said in a statement to Tadawul today, Sept. 8. The company shall use this amount to settle any upcoming...

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Business & Money | Monday 9 September, 2024 11:14 am

ADES unit inks 2 deals to buy jack-up rigs in Southeast Asia

ADES Holding Co.’s subsidiary ADES International Holding Ltd. entered into asset purchase agreements (APAs) to acquire two contracted premium jack-up rigs in Southeast Asia from Vantage Drilling International Ltd. for $190 million (subject to working capital adjustments upon the deal...

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Business & Money | Monday 9 September, 2024 11:05 am

EDB launches AI Wave programme to boost operations

Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, has launched its internal AI Wave programme, a strategic initiative aimed at enhancing AI literacy and adoption across the organisation. In line with the UAE’s Artificial...

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Business & Money | Monday 9 September, 2024 10:54 am

Gulf Capital Announces the Successful Sale of Kuiper Australia

 Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today its successful exit from Kuiper Australia, in a carve-out transaction from its portfolio company, Kuiper Group, the leading manpower outsourcing company in the offshore energy...

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Business & Money | Monday 9 September, 2024 10:45 am

UAE Tourism: Boosting investments to drive GDP growth

The UAE's tourism sector continues to record remarkable performance in international tourist arrivals and hotel bookings, aligning with the UAE Tourism Strategy 2031, which aims to attract AED100 billion in tourism investments and boost the sector's contribution to the GDP to AED450 billion by...

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Business & Money | Monday 9 September, 2024 10:44 am

Meyar starts trials at cement, ready-mixed concrete plant in Riyadh

Meyar Co. announced the start of the trial operation of the cement and ready-mixed concrete products plant at the Malham Center in Riyadh. The company explained in a statement on Tadawul that the trial operations start today, Sept. 9, and will complete after testing the factory equipment and...

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