Business & Money | Monday 22 July, 2024 9:39 am

UAE, China sign MoU to boost air transport relations

The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), held a round of Air Services Consultation’s with the Civil Aviation Authority of the People's Republic of China (CAAC) on 16th and 17th July in the Chinese capital, Beijing. The aim was to enhance bilateral ...

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Business & Money | Monday 22 July, 2024 8:58 am

Azizi Developments partners with Spain’s Atec Pools for Azizi Venice and Riviera

Azizi Developments, a leading private developer in the UAE, has signed an agreement with Atec Pools, the top swimming pool construction and maintenance company, for the supply of high-end swimming pool equipment for its mixed-use development, Azizi Venice, in Dubai South, and the fourth phase of...

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Business & Money | Monday 22 July, 2024 8:55 am

Aramco awards Engineering and Project Management agreement to Dar

Dar Al-Handasah Consultants, (Shair and Partners), a Sidara Company, under an amendment to an existing framework agreement, will provide consultancy services, including engineering, design, project management, and multidisciplinary services for both existing and new infrastructure projects led by...

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Business & Money | Monday 22 July, 2024 8:51 am

Ladun subsidiary wins SAR 120.6M project with Jazan City

Ladun Investment Co.’s subsidiary, Built Industrial Co., was awarded a SAR 120.57 million (including VAT) project by Jazan City for Primary & Downstream Industries, according to a statement to Tadawul. The project includes executing all the necessary work to construct buildings and...

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Business & Money | Sunday 21 July, 2024 10:53 am

PIF offers to up stake in Selfridges to 50%: Report

The Public Investment Fund (PIF) has made an offer to raise its stake in Selfridges to 50%, according to documents seen by Bloomberg News.The Kingdom’s sovereign wealth fund already owns a 10% share in the Selfridges properties and has offered to buy the remaining 40% stake for a cash price...

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Business & Money | Sunday 21 July, 2024 10:42 am

Alandalus constructs commercial center in Makkah for SAR 831 million including land value

Alandalus Property Co. began construction of a qualitative commercial center in Makkah, at a total estimated cost of SAR 831 million including the value of land. In a statement to Tadawul, the company said that the project will be financed mainly by bank loans through the project company, and...

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Business & Money | Sunday 21 July, 2024 10:37 am

Budget Saudi completes acquisition of AutoWorld

United International Transportation Co. (Budget Saudi) announced completing the acquisition of Al Jazira Equipment Co. (AutoWorld) through Aljozoor Alrasekha Trucking Co. (Rahaal), its wholly owned subsidiary, according to a statement to Tadawul.  Budget Saudi completed the...

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Business & Money | Sunday 21 July, 2024 10:19 am

Sure Global bags SAR 24M deal with Ministry of Tourism

Sure Global Tech Co. won a project worth SAR 23.97 million, including VAT, from the Ministry of Tourism for the expansion of the infrastructure devices in data centers, according to Tadawul statement. Under the two-year contract, the company aims to provide the ministry with the infrastructure ...

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Business & Money | Sunday 21 July, 2024 9:58 am

RAKBANK issues first ever public Social Bond in the GCC.

RAKBANK is pleased to announce the successful issuance of its 5-year Euro Medium-Term Note (EMTN) Bond under its Social Finance Framework. Given the very strong demand and investor interest, it was oversubscribed by more than 3X allowing us to upsize the issue to USD 600MM and tighten the pricing...

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Business & Money | Sunday 21 July, 2024 9:54 am

Akasa Air Commences Operations from Jeddah; and Strengthens Its Presence in the Kingdom of Saudi Arabia

Akasa Air, India's fastest-growing airline, commenced operations from Jeddah, connecting it with two prominent Indian cities – Mumbai and Ahmedabad with direct flights. The inaugural flight on 15th July 2024 departed Chhatrapati Shivaji Maharaj International Airport in Mumbai at 1935hrs IST...

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