Business & Money | Monday 8 July, 2024 10:01 am

Red Sea Global Adopts OPERA Cloud Central Across its Hotel Properties in the Middle East

 Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and Amaala, has selected Oracle OPERA Cloud Central to gain a comprehensive view of its hotel business. With Oracle, RSG can manage its distribution, sales, service interactions, and loyalty programs from ...

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Business & Money | Monday 8 July, 2024 9:46 am

Azizi Developments renews partnership with Cummins Inc. for fourth phase of Riviera

Azizi Developments, a leading private developer in the UAE, has extended its partnership with Cummins Inc., a global leader in power solutions design, manufacturing, distribution, and supply. This collaboration will continue into the fourth phase of Azizi's large-scale Riviera project in MBR City,...

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Business & Money | Sunday 7 July, 2024 9:32 am

Saudi Reinsurance seals SAR 427.7M binding subscription agreement with PIF

Saudi Reinsurance Co. inked, on July 4, a binding subscription agreement with the Public Investment Fund (PIF), according to a statement to Tadawul.   In accordance with the subscription agreement, the company will increase its capital from SAR 891 million to 1.158 billion, while...

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Business & Money | Sunday 7 July, 2024 8:50 am

Jahez submits request for transition to main market

Nomu-listed Jahez International Company for Information System Technology submitted today, July 7, a request for transition to the Saudi Exchange (Tadawul) through the online portal developed by the regulators, according to a statement on Tadawul. Any updates in this regard will be announced...

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Business & Money | Sunday 7 July, 2024 8:42 am

CATRION inks MoU to purchase 85 high loaders for catering services

CATRION Catering Holding Co. signed, on July 4, 2024, a memorandum of understanding (MoU) with Mallaghan Engineering Ltd in Belfast, Northern Ireland, in order to purchase 85 high loaders dedicated to inflight catering services, for a period of four years (2024 to 2027), according to a statement to ...

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Business & Money | Sunday 7 July, 2024 8:13 am

RAKEZ and AHK boost Ras Al Khaimah’s business outlook through networking event for German investors

Ras Al Khaimah Economic Zone (RAKEZ) along with the German Emirati Joint Council for Industry & Commerce (AHK) hosted a successful Business Breakfast in Ras Al Khaimah aimed at fostering networking among German investors and businesses throughout the UAE. Ms. Ute Brunn, Deputy Consul General of ...

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Business & Money | Sunday 7 July, 2024 8:00 am

59% growth of Abu Dhabi non-oil GDP in 10 years

The Abu Dhabi Department of Economic Development (ADDED) organised, in collaboration with the Abu Dhabi Investment Office (ADIO), the third edition of Al Multaqa quarterly meetings, presenting the business community with recent updates on the Emirate’s economy and achievements in the first half...

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Business & Money | Friday 5 July, 2024 10:54 am

Batic Law Participates in SelectUSA Summit and Signs MOU with Tate Bywater

Batic Law is proud to announce its participation in the SelectUSA Investment Summit, the premier event for business investment in the United States. This summit is a critical platform that connects investors, companies, and economic development organizations (EDOs) to facilitate significant...

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Business & Money | Friday 5 July, 2024 10:40 am

PIF signs MoU to invest $500M in Hong Kong-listed ChaoShang

The Public Investment Fund (PIF) signed on July 4 a memorandum of understanding (MoU) with Hong Kong-listed ChaoShang Group for a potential $500 million investment.   In a statement, ChaoShang said the total investment comprises of $100 million in five-year convertible debenture and...

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Business & Money | Friday 5 July, 2024 10:26 am

Every military direct job adds 5 others: SAMI

Walid Abukhaled, CEO of Saudi Arabian Military Industries (SAMI), said every direct job in the Saudi military industries sector contributes to adding five indirect others supporting the economy, Al Eqtisadiah newspaper reported.   He added that the entry of new companies into the...

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