Business & Money | Monday 12 February, 2024 9:06 am

MIS to expand capacity of 2 data centers in Dammam for SAR 155.4M

Al-Moammar Information Systems Co. (MIS) received new orders to expand the capacity of two data centers in Dammam, which it shares with Saudi Fransi Capital (SFC), for SAR 155.43 million (including VAT).   This is considered the beginning of the second phase to boost the...

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Business & Money | Monday 12 February, 2024 9:04 am

Riyadh Region Mayor directs establishing real estate department

Prince Faisal bin Ayyaf, Mayor of Riyadh Region, directed the establishment of the general department for real estate development, Saudi Press Agency reported.The move aims to achieve Riyadh’s ambitions in the real estate sector, which is one of the key sectors in...

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Business & Money | Sunday 11 February, 2024 8:51 am

ADGM Academy Research Centre hosts ‘Quant for Quants’ Conference

Abu Dhabi Global Market Academy (ADGMA) Research Centre successfully hosted its groundbreaking three-day conference last month, ‘Quant for Quants’ (Q4Q), that aims at tackling questions on the impact of quantum computing in finance by gathering leading experts from finance, quantum technology...

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Business & Money | Sunday 11 February, 2024 8:46 am

National ICV Programme supports sustainable economic growth: Officials

Several officials affirmed that the National ICV Programme has continued, since its launch within “Projects of the 50” under the umbrella of the Ministry of Industry and Advanced Technology (MoIAT), to achieve qualitative milestones that have contributed to the UAE’s industrial development,...

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Business & Money | Sunday 11 February, 2024 8:39 am

Aldar reports AED4.4 billion in 2023 net profit, up 40% YoY

Aldar announced today that record development sales and expanded investment portfolio drive the company's 2023 net profit up 40% to AED4.4 billion, compared to 2022. In a statement today, the Abu Dhabi-listed property giant, reported the highest-ever quarterly development sales of AED8.5...

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Business & Money | Sunday 11 February, 2024 8:30 am

Abu Dhabi Dialogue addresses skill mobility between sending, receiving countries in line with future prospects of work

Preparations for the Seventh Abu Dhabi Dialogue (ADD) Ministerial Consultation started in Dubai on Saturday, 10 February 2024, as senior officials from the ministries of labour, human resources, and employment of 16 ADD member countries held eight working sessions attended by representatives of...

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Business & Money | Sunday 11 February, 2024 8:27 am

GCC Commercial Arbitration Centre, Aramco Discuss Collaboration in Contract Development, Expert Qualification

Dr. Kamal Al-Hamad, the Secretary General of the GCC Commercial Arbitration Centre, engaged in discussions with Mr. Wail Al Jaafari, the Executive Vice President of Technical Services at Saudi Aramco, exploring avenues for collaborative initiatives and the exchange of expertise. The focus was on...

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Business & Money | Sunday 11 February, 2024 8:20 am

Saudi Chemical to unveil some projects in coming period: CEO

Saudi Chemical Company Holding (SCCH) will reveal some projects in the coming period once the related feasibility studies are completed, Al-Eqtisadiah newspaper reported, citing CEO Thamer AlMuhid.   SCCH plans localization of 85% of industry inputs, whether explosives for civil or...

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Business & Money | Saturday 10 February, 2024 1:50 am

Bahri Logistics Concludes Participation at WDS 2024 Highlighting World-Class Capabilities and Signing Key Strategic Partnerships

Showcasing its world-class maritime capabilities and expertise before a global audience from over 115 countries, Bahri Logistics concluded its successful participation at the second edition of the World Defense Show (WDS) held in Riyadh, Saudi Arabia from 4-8 February 2024. Bahri Logistics,...

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Business & Money | Saturday 10 February, 2024 1:49 am

Leejam Sports Inaugurates Two New Fitness Clubs at the Headquarters of Saudi Awwal Bank

Leejam Sports Company, the proud owner of the "Fitness Time" brand, has officially opened two fitness clubs at the new headquarters of Saudi Awwal Bank (SAB) in Alyasmin neighborhood of Riyadh. According to a five-year agreement with SAB, Leejam manages and operates two distinct fitness clubs under ...

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