Business & Money | Monday 8 January, 2024 10:36 am

Ajman Chamber received 84 commercial mediation cases in 2023

Aisha Al Nuaimi, Director of the Legal Affairs Department at the Ajman Chamber of Commerce and Industry (ACCI), revealed that the total number of commercial mediation cases in the Ajman Chamber during 2023 reached 84 mediation cases. 93 percent of the cases were completed, with the...

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Business & Money | Monday 8 January, 2024 10:12 am

Adel Real Estate unveils blueprints of Adel District, the largest urban development project in Dammam

Adel Real Estate recently announced the launch of the completed blueprints of Adel District, the largest urban development of residential areas. Spanning around 5.6 million square meters, the project is strategically located in Dammam, in the Eastern Province of Saudi Arabia, and...

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Business & Money | Monday 8 January, 2024 9:39 am

Rua Al Madinah launches Islamic Civilization Village

Rua Al Madinah Holding, owned by the Public Investment Fund (PIF), announced the launch of the Islamic Civilization Village project.   The project spans 257,000 square meters and features eight sections, the company said on X platform.   The village, located near the...

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Business & Money | Monday 8 January, 2024 9:38 am

Saudi Paper pens SAR 102.1M credit facilities deal with Bank ABC

Saudi Paper Manufacturing Co. signed an agreement with Arab Banking Corporation (Bank ABC) to provide credit facilities worth EUR 24.9 million (equivalent to SAR 102.13 million), the company said in a statement to Tadawul.   The financing term is five years, and the amount is covered ...

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Business & Money | Sunday 7 January, 2024 10:44 am

Al-Hamad: Boosting Commercial Arbitration to Attract Foreign Investments in GCC Nations

Dr. Kamal bin Abdullah Al Hamad, the Secretary-General of the GCC Commercial Arbitration Centre, underlined the significance of bolstering the role of commercial arbitration and dispute resolution to attract foreign investments to the GCC countries. This was stated during a meeting with His...

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Business & Money | Sunday 7 January, 2024 10:10 am

“Bayt.com Survey Reveals the Job Market in the Middle East Will Get Significantly More Competitive in 2024”.

Bayt.com, the Middle East’s #1 job site, today released the results of the Middle East Career Insights Poll 2023, providing key insights into the preferences and experiences of professionals in the region. According to the poll, 74.4% of respondents believe that a diverse and inclusive workplace...

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Business & Money | Sunday 7 January, 2024 10:00 am

DAMAC Properties Awards Main Works Contracts Worth around AED 300 million

Leading luxury real estate developer in the UAE, DAMAC Properties has announced the awarding of the main works package for developments in DAMAC Hills 2 worth approximately   AED 300 million.  The first of the two contracts were awarded to the Dubai branch of China Tiesiju...

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Business & Money | Sunday 7 January, 2024 9:24 am

Ladun’s subsidiary wins SAR 185.4M contract

Ladun Investment Co. said that its subsidiary, Build Industrial Co. was awarded a SAR 185.39 million contract (VAT inclusive) by Jazan City for Primary and Downstream Industries (JCPDI) – the Royal Commission for Jubail and Yanbu (RCJY) – to develop the headquarters (HQ) of...

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Business & Money | Sunday 7 January, 2024 9:07 am

Eastern Cement awards $270.53M contract to establish new production line

Eastern Province Cement Co.'s stated that its board of directors approved on Jan. 4 awarding China's Sinoma CDI a $270.53 million (SAR 1.01 billion) contract to establish a new production line with a capacity of 10,000 tons per day, according to...

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Business & Money | Sunday 7 January, 2024 9:05 am

Enma AlRawabi buys Riyadh land for SAR 180M; terminates lease

Enma AlRawabi Co. and Al-Motaqadimah Schools Co. decided to terminate by mutual consent the lease for the Hittin land in Riyadh. The contract was signed on Oct. 1, 2018. The lease terminated after Enma AlRawabi bought the buildings on the land for SAR 180 million, excluding taxes, it said in a ...

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