Business & Money | Wednesday 31 July, 2024 9:57 am

NAHDI SHIFTS GEAR TO GROWTH AS Q2 2024 REVENUE INCREASES 10.8% YOY

Nahdi Medical Company (“Nahdi” or “the Company”), Saudi Arabia’s leading purpose-driven healthcare and wellbeing Company, today reported its financial results for the second quarter of 2024 (“Q2 2024”) and for the first six months of 2024 (“H1 2024”). Financial Summary Q2...

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Business & Money | Wednesday 31 July, 2024 9:15 am

MENA M&A activity saw 321 deals valued at US$49.2b in H1 2024

According to the EY MENA M&A Insights H1 2024 report, the MENA region witnessed a slight increase in merger and acquisition (M&A) activity with a total of 321 deals amounting to US$49.2b. When compared to H1 2023, deal volume this year grew by 1%, while deal value saw a rise of...

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Business & Money | Wednesday 31 July, 2024 8:49 am

Tajer Abu Dhabi introduces 12 new activities to facilitate establishing and doing businesses

The Abu Dhabi Business Centre at the Abu Dhabi Department of Economic Development (ADDED) announced the addition of 12 new economic activities to the Tajer Abu Dhabi (Abu Dhabi Trader) license, allowing investors to obtain economic license without the need to work from a physical location or to pay ...

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Business & Money | Wednesday 31 July, 2024 8:45 am

CIPS Global State of Procurement and Supply 2024 Report: A Comprehensive Insight into the Future of Procurement

The Chartered Institute of Procurement & Supply (CIPS) recently published the highly anticipated Global State of Procurement and Supply 2024 report, in partnership with GEP. The survey, which gathered insights from chief procurement officers (CPOs), procurement directors, and heads of...

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Business & Money | Tuesday 30 July, 2024 2:52 pm

Gulf Trading Company Announces The Launch Of The New Range Of Al Rifai Saudi Coffee

Gulf Trading Company announces the launch of the new range of Saudi coffee through the brand "Al Rifai", which is the first source of coffee and nuts in the Saudi Arabia. The launch of the new Saudi coffee range falls within all its regions is a consolidation of the coffee heritage in our...

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Business & Money | Tuesday 30 July, 2024 2:13 pm

Enabling tobacco harm reduction and regulating smokeless nicotine products

In the Middle East, on average, 20% of the adult population are smokers[1], which makes smoking one of the most persistent cultural staples and a notable challenge to public health. This means that tobacco harm reduction (THR) – a public health strategy that advocates for providing adult...

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Business & Money | Tuesday 30 July, 2024 12:47 pm

Advanced Techniques and Tools for Indices

Forex indices are an invaluable tool for any trader or analyst who seeks to measure the comparative performance of several currencies, one against the other. New techniques and instruments are being developed with increasing complexity in the global financial markets that bring further refining of...

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Business & Money | Tuesday 30 July, 2024 10:47 am

Naseej Tech signs SAR 17.2M contract with Ministry of Commerce

Naseej for Technology Co. (Naseej Tech) signed, on July 28, a contract valued at SAR 17.24 million, including VAT, for the professional services project for managing the technical office for engineering and business analysis projects with the Ministry of Commerce. In a statement to Tadawul,...

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Business & Money | Tuesday 30 July, 2024 10:39 am

NWC starts implementing 25 water and environmental projects in the Asir region with SR +960 million

The National Water Company (NWC) announced that it has started the implementation of 25 water and sanitation projects in the Asir region in the Southern Cluster. The length of the pipelines and networks is more than 1,481 kilometers and the total cost is more than 960 million Saudi riyals. These...

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Business & Money | Tuesday 30 July, 2024 10:32 am

flynas CEO says deal with Airbus valued at SAR 110B

Bander Al-Mohanna, CEO and Managing Director of flynas, said that the latest agreement signed by Saudi Arabia’s leading low-cost carrier is valued at SAR 110 billion, marking the biggest deal in the world’s commercial aviation industry this year. In an interview with Alsharq, Al-Mohanna...

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