Business & Money | Sunday 14 January, 2024 11:12 am

NADEC says fuel price adjustment to raise production, distribution costs by 1.8%

National Agricultural Development Co. (NADEC) said that Saudi Arabian Oil Co.'s (Saudi Aramco) fuel price adjustment will lead to an estimated increase of 1.8% in production and distribution costs, according to a statement to Tadawul.    The relevant financial impact...

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Business & Money | Saturday 13 January, 2024 3:26 pm

Responsible lighting to be showcased at Light + Intelligent Building Middle East as LED market in the region to top $5.94 billion by 2029

Energy efficiency, sustainability, safety, inclusivity and functionality will be the key areas discussed at the forthcoming THINKLIGHT conference, part of  Light + Intelligent Building Middle East, the leading exhibition for lighting, electrical engineering, and building technology when it...

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Business & Money | Saturday 13 January, 2024 3:19 pm

DAMAC Properties Launches DAMAC Lagoon Views

Leading luxury real estate developer in the UAE, DAMAC Properties has announced the launch of its first apartment complex in its third and upcoming master community, DAMAC Lagoons. DAMAC Lagoon Views will offer one- and two-bedroom apartments across the ground + six floors of living space with ...

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Business & Money | Friday 12 January, 2024 2:18 pm

Saudi Arabia has 1,600 mining plants: MODON official

Ali Al-Omair, Vice President for Business Development at the Saudi Authority for Industrial Cities and Technology Zones (MODON), said the authority has enabled more than 1,600 mining plants to engage in investments in the Kingdom through a number of solutions and services provided to local and...

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Business & Money | Friday 12 January, 2024 2:10 pm

Saudi Arabia may upgrade premium visas: Official

Mohammed AlSultan, CEO of the Premium Residency Center, said Saudi Arabia may launch new premium visas, or upgrade the current products later, to achieve the goals of priority sectors.  The launch of the new residency visas was due to the growth achieved by the Kingdom, which required...

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Business & Money | Friday 12 January, 2024 2:07 pm

RCJY inks investment deals, MoUs exceeding SAR 35B

The Royal Commission for Jubail and Yanbu (RCJY) signed investment agreements and memorandums of understanding (MoUs) with a number of companies, at a value exceeding SAR 35 billion, including agreements worth more than SAR 19 billion signed on the sidelines of the Future Minerals...

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Business & Money | Friday 12 January, 2024 2:54 am

Saudi Arabia to participate in World Economic Forum Annual Meeting 2024

Chaired by His Highness Prince Faisal bin Farhanbin Abdullah, Minister of Foreign Affairs, a high-level delegation from the Kingdom of SaudiArabia will participate in the World Economic Forum (WEF) Annual Meeting 2024, in Davos,Switzerland, from 15-19 January 2024, under the theme of “Rebuilding...

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Business & Money | Friday 12 January, 2024 1:00 am

Intersec 2024 opens next week in Dubai for landmark 25th edition

 Building on a solid 25-year legacy, Intersec 2024 will return to Dubai World Trade Centre (DWTC) from 16-18 January, bringing together industry experts, government officials and exhibiting companies to discuss the latest developments in safety, security and fire protection.  The...

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Business & Money | Thursday 11 January, 2024 2:04 pm

FAB issues first Sukuk globally in 2024

First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps, which resulted in an all-in yield of 4.779%. This issuance marks the first Sukuk issued globally in 2024 and stands as the region's first offering for the year. The final spread for the Sukuk was set...

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Business & Money | Thursday 11 January, 2024 1:59 pm

Borouge signs AED160 million supply agreement with NAFFCO

Borouge Plc today announced the signing of an AED160-million agreement with NAFFCO, a UAE-based manufacturer and supplier of fire protection systems, to supply NAFFCO’s local and regional infrastructure projects with Borouge’s innovative and sustainable polyethylene (PE100)...

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