Business & Money | Sunday 14 July, 2024 10:46 am

ADES Holding secures SAR 11.3B upsized syndicated credit facility

ADES Holding Co. successfully amended its existing syndicated facility, securing an additional $3 billion (SAR 11.3 billion), with the majority of existing lenders participating, along with new local and regional financial institutions. In a statement to Tadawul, the company said that the ...

More Details

Business & Money | Sunday 14 July, 2024 10:32 am

Diriyah inks SAR 7.8B contract to develop new area

Diriyah Co. signed today a contract worth more than SAR 7.8 billion ($2 billion) with El Saif Engineering Contracting Co., in partnership with China State Construction Engineering Corporation Ltd (CSCEC) to implement a large-scale building and construction project in the...

More Details

Business & Money | Sunday 14 July, 2024 10:24 am

Dubai Customs’ Consultative Council Reviews Digital Services to Facilitate Business Operations

Dubai Customs held its second Consultative Council meeting in 2024, chaired by H.E. Dr. Abdulla Mohammed Busenad, Director General of Dubai Customs, in the presence of executive directors, department directors, and council members from work groups and trade sectors. The meeting covered various...

More Details

Business & Money | Sunday 14 July, 2024 10:18 am

Emaar's H1 2024 Rally: Celebrating Achievements and Future Prospects

 Emaar Properties held its mid-year internal staff rally, a quarterly gathering where Emaar’s leadership reviews and shares the Company’s operational performance and way forward with the staff. During the rally, Emaar presented significant milestones and achievements across all areas of...

More Details

Business & Money | Saturday 13 July, 2024 2:15 pm

Saudia Group and Ministry of Investment Sign MoU to Support Investors in the Kingdom

Saudia Group and the Ministry of Investment have signed a Memorandum of Understanding (MoU) to support major investors and executives in global established companies aiming to relocate to the Kingdom.     The MoU, signed by Khaled Tash, Saudia Group’s Chief Marketing...

More Details

Business & Money | Saturday 13 July, 2024 1:47 pm

PIF raises stake in Newcastle United to 85%

The Public Investment Fund (PIF) increased its stake in Newcastle United Football Club to 85%, as the sovereign fund and RB Sports &Media will together acquire PCP Capital Partners' shareholding in the club. In a statement, the English football club said RB Sports & Media will own the...

More Details

Business & Money | Saturday 13 July, 2024 1:38 pm

WebEngage emerges as category leader in FMCD CDP-powered customer retention solutions in the Middle East

As the fast-moving consumer durables (FMCD) sector in the Middle East & Africa experiences rapid growth, WebEngage, a global provider of Big Data-powered & AI-driven customer engagement and retention solutions, has emerged as an unrivalled category leader. Brands in the region have...

More Details

Business & Money | Friday 12 July, 2024 12:50 pm

GAC says 2 contractors to pay SAR 63.8M in settlement on collusion

The General Authority for Competition (GAC) reached a settlement agreement with Mohammad Ibrahim Al-Hussein General Contracting Establishment and Abdulaziz Al-Hassan Al-Muqbil Trading Establishment for a total of SAR 63.83 million.  According to two statements released by GAC on X, the...

More Details

Business & Money | Friday 12 July, 2024 12:48 pm

MAWANI says container handling reaches 595,000 TEUs in June

Saudi ports reported a 15.51% drop in cargo throughput tonnage to 594,970 tons in June, compared to 704,200 tons in the same period a year ago.   In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers rose 7.78% to 228,030 in June, from 211,570 in the...

More Details

Business & Money | Friday 12 July, 2024 12:47 am

Department of Community Development in Abu Dhabi to host Social Care Forum in partnership with Deloitte Middle East

The Department of Community Development - Abu Dhabi is organising the inaugural edition of the Social Care Forum, from October 2-3, in partnership with Deloitte Middle East . It is being held under the slogan ‘To Enhance Innovation and Cooperation in the Field of Social Care’ and aims to...

More Details