Business & Money | Friday 16 February, 2024 12:31 am

Shaker, LG and the Ministry of Investment of Saudi Arabia (MISA) Sign an MOU

Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker Group”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, has announced the signing of an MoU with LG Electronics (LG) and the Ministry of Investment of Saudi Arabia (MISA) to manufacture AC...

More Details

Business & Money | Thursday 15 February, 2024 3:59 pm

Stars of Service: UAE Red Crescent Volunteers Appreciation Event at Arjaan Dubai Media City

Arjaan Dubai Media City in collaboration with the UAE Red Crescent, hosted an exquisite event at Skylight venue. The event, a joint effort with teams from 3 Rotana Hotels: Centro Barsha Dubai, DAMAC Hills 2 Hotel - Edge by Rotana, and Arjaan Dubai Media City served as a heartfelt gesture to express ...

More Details

Business & Money | Thursday 15 February, 2024 10:16 am

AD Ports Group reports AED1.36 billion in net profit for 2023, up 6% YoY

AD Ports Group (ADX: ADPORTS) has reported AED1.36 billion in net profit for 2023, up 6% YoY. This came as the leading global facilitator of logistics, industry and trade, today announced its preliminary financial results for the 12 months ending 31st December 2023, reporting strong...

More Details

Business & Money | Thursday 15 February, 2024 10:10 am

ADNOC L&S reports AED2,27 billion in 2023 net profits

ADNOC Logistics and Services plc (ADNOC L&S) (ADX symbol ADNOCLS / ISIN AEE01268A239), a global energy maritime logistics leader, today announced its Q4 and full year 2023 financial results. On a full-year basis, ADNOC L&S delivered a net profit of $620 million (AED2,277 million), or...

More Details

Business & Money | Thursday 15 February, 2024 9:07 am

Trakhees processes more than 50,000 transactions during 2023

The Department of Planning and Development - Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation (PCFC), completed more than 50,000 transactions carried out by the Trakhees’ Licensing Department during 2023, with a growth rate of (3%) compared to last year at the level of ...

More Details

Business & Money | Thursday 15 February, 2024 9:05 am

CENOMI CENTERS SECURES UP TO SAR 5.25 BILLION SHARIAH COMPLIANT SUSTAINABILITY-LINKED FACILITIES

Cenomi Centers, the largest owner, operator and developer of shopping malls and complexes in the Kingdom of Saudi Arabia, has secured a Shariah compliant, sustainability-linked financing agreement with a syndicate of top tier banks. HSBC Saudi Arabia led the arrangement of the syndication,...

More Details

Business & Money | Thursday 15 February, 2024 8:57 am

Moro Hub to Collaborate with NVIDIA in developing World-Class Green AI Data Centre in UAE

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), signed an agreement with collaboration to utilise NVIDIA's accelerated computing platform and reference architecture to build a world-class green AI data centre in the UAE.  A signing...

More Details

Business & Money | Thursday 15 February, 2024 8:54 am

REGA launches e-platform for real estate contributions

The Real Estate General Authority (REGA) launched a new e-platform to receive applications for qualification and licensing of real estate contributions.   The platform will enable developers to obtain the necessary licenses to start real estate contributions through online submission ...

More Details

Business & Money | Thursday 15 February, 2024 8:49 am

ACWA Power fulfills terms to withdraw funding for SAR8.6B PV solar plants

ACWA Power Co. announced the fulfillment of the conditions precedent to the drawdown of the credit facilities to fund Ar Raas 2, Saad 2 and Al Kahfah solar PV projects in central and north Saudi Arabia.   The three large-scale projects have a production capacity...

More Details

Business & Money | Wednesday 14 February, 2024 12:29 pm

Big 5 Construct Saudi, under the patronage of the Ministry of Municipal, Rural Affairs and Housing in the Kingdom, shapes the future of construction

Held under the patronage of His Excellency Mr. Majid Abdullah Al-Hogail, the Minister of Municipal, Rural Affairs and Housing in Saudi Arabia, the 12th edition of Big 5 Construct Saudi, the largest construction event to be ever held in the Kingdom, organized by dmg events, is gearing up to...

More Details