Business & Money | Tuesday 10 December, 2024 9:32 am

Dubai Customs' Volunteer Initiatives Touch Over 90,000 Lives in Nine Months

Dubai Customs has reported an impressive milestone in its volunteer efforts, positively impacting more than 90,000 individuals in the first nine months of this year. The organization implemented 23 diverse community-focused initiatives, with 669 employees contributing over 3,000 hours of volunteer...

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Business & Money | Tuesday 10 December, 2024 9:00 am

AJi Group Wins Three Prestigious Awards in Design and Engineering in the Middle East for 2024

Amman - The design and engineering sector in the Middle East is witnessing exceptional growth, driven by large-scale infrastructure, real estate, and smart city projects that are reshaping the region. As the demand for innovative and sustainable solutions increases, engineering and architectural...

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Business & Money | Monday 9 December, 2024 11:30 am

SAPTCO wins SAR 114M shuttle service contract in Madinah

Saudi Public Transport Co. (SAPTCO) received today, Dec. 8, a notice of award from the Madinah Region Development Authority (MRDA) for a shuttle transport project serving pilgrims in Madinah. In a statement to Tadawul, SAPTCO said the project is valued at SAR 113.85 million, inclusive of...

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Business & Money | Monday 9 December, 2024 11:27 am

Hub71, Google partner to accelerate startup growth in UAE

Hub71, Abu Dhabi’s global tech ecosystem, signed a strategic partnership with Google to accelerate startup growth in the UAE. This partnership introduces Google’s startup programme, Google for Startups’ to Abu Dhabi, creating unique opportunities for Hub71 startups to continue a...

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Business & Money | Monday 9 December, 2024 11:24 am

Expo Sharjah participates in Cosmoprof India 2024

Expo Centre Sharjah took part in Cosmoprof India 2024, a leading global event for the beauty market, held in Mumbai from 5th to 7th December, with participation from over 700 international brands and exhibitors.Expo Sharjah’s participation in this prestigious event reflects the centre’s...

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Business & Money | Monday 9 December, 2024 11:18 am

Abu Dhabi Investment Office partners with Partanna to decarbonise concrete industry

The Abu Dhabi Investment Office (ADIO) has partnered with Partanna, a Bahamian climate tech company, to establish its regional headquarters and a state-of-the-art manufacturing facility in Abu Dhabi. This collaboration, announced during the inaugural Abu Dhabi Business Week (ADBW), will...

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Business & Money | Monday 9 December, 2024 11:16 am

Dubai’s production of green hydrogen reduces 450 tonnes of CO2 emissions

Dubai Electricity and Water Authority (DEWA) has announced that its Green Hydrogen project has produced around 90 tonnes of green hydrogen since it was launched in May 2021. Most of this hydrogen was used to produce more than one-gigawatt hour (GWh) of green energy, reducing about 450 tonnes...

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Business & Money | Monday 9 December, 2024 11:04 am

UAE ranks fifth in Quality Infrastructure for Sustainable Development Index 2024

The UAE ranked fifth in this year’s Quality Infrastructure for Sustainable Development (QI4SD) Index1, climbing six places since the United Nations Industrial Development Organisation (UNIDO) launched the index in June 2022. The QI4SD Index categorised the UAE in the ‘L’ group that...

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Business & Money | Monday 9 December, 2024 10:58 am

Savola plans SAR 859M Sukuk buyback

Savola Group announced its intention to buy back SAR 859 million worth of Sukuk from its SAR 1 billion issuance in 2019 and maturing in 2026, with a redemption ratio of 85.9% and a total of 859 Sukuk. In a statement to Tadawul, the company said once the buyback is completed, the group plans to ...

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

Molan Steel renews SAR 13M credit facilities with Bank Albilad

Molan Steel Co. renewed, on Dec. 8, Shariah-compliant credit facilities with Albilad Bank at a total value of SAR 13 million, according to a statement to Tadawul. These facilities, extended to Sept. 16, 2025, will finance the requirements of the working capital. The credit facilities are...

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