Business & Money | Thursday 14 December, 2023 9:21 am

MESC renews credit facilities worth SAR 171M with banks

Middle East Specialized Cables Co. (MESC) renewed its Shariah-compliant credit facilities agreement worth SAR 171 million with Saudi Awwal Bank (SAB), Al Rajhi Capital, Arab National Bank, Banque Saudi Fransi, and Riyad Bank, the company said in a statement to...

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Business & Money | Thursday 14 December, 2023 9:16 am

Saudi Arabia to offer 250,000 jobs during Expo 2030: Minister

Al Khateeb, on the sidelines of the exhibition, added that the Kingdom will provide 1,000 hotel rooms.    The Kingdom managed to offer nearly 250,000 job opportunities during the last four years, reaching 850,000 currently, compared with 600,000 jobs offered since ...

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Business & Money | Thursday 14 December, 2023 9:12 am

Fed maintains rates, sees three-time cut in 2024

The Federal Reserve decided today, Dec. 13 to hold the interest rate steady for the third straight meeting and the fourth time since the start of the current tightening cycle in March 2022. The US central bank left its benchmark rate at a 22-year high of 5.25% to 5.50%. Fed officials...

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Business & Money | Thursday 14 December, 2023 6:52 am

DAMAC announces the UAE’s first pre-certified LEED Platinum community development

DAMAC Properties today noted that construction work is progressing steadily on its DAMAC Lagoons project, which has been named the UAE’s first pre-certified LEED Platinum community development under the Leadership in Energy and Environmental Design (LEED) Cities and Communities Rating...

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Business & Money | Thursday 14 December, 2023 2:50 am

Dubai Customs and Indonesia Strengthen Ties with CIPA, Paving the Way for $10 Billion Trade Boost

H.E. Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, together with H.E. Hussein Bajis, Ambassador of Indonesia to the UAE, affirmed that the comprehensive economic partnership agreement (CIPA) between the UAE and Indonesia enhances trade...

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Business & Money | Thursday 14 December, 2023 2:49 am

Azizi Developments’ fourth phase of Riviera advances rapidly, reaches 40% completion

Azizi Developments, a leading private real estate developer in the UAE, is advancing swiftly in the construction of the fourth phase of Riviera, comprising six buildings. Riviera is Azizi’s French Mediterranean-inspired waterfront community strategically located in the highly sought-after...

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Business & Money | Thursday 14 December, 2023 2:48 am

RAKEZ named ‘Free Zone Hub of the Year’ at Enterprise Agility Awards 2023

Ras Al Khaimah Economic Zone (RAKEZ) was recently honoured at the prestigious Enterprise Agility Awards 2023, organised by Entrepreneur Middle East. Celebrating the resilience and growth of businesses in the MENA region, RAKEZ was recognised as the 'Free Zone Hub of the Year’ at the...

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Business & Money | Thursday 14 December, 2023 12:47 am

AHS PROPERTIES INK STRATEGIC PARTNERSHIP WITH FENDI CASA FOR LANDMARK $850 MILLION CASA CANAL

AHS Properties, a premier real estate developer renowned for its ultra-luxury projects in Dubai, has forged a significant strategic partnership with FENDI Casa, for the development of the high-end project CASA Canal. This collaboration is set to further enhance the unique aesthetics of CASA Canal,...

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Business & Money | Wednesday 13 December, 2023 2:23 pm

Saudi labor market evolves for global integration: HRSD minister

Minister of Human Resources and Social Development (HRSD), Ahmed Al-Rajhi, said Saudi Arabia, under Vision 2030, is integrating its labor market into the global economy and witnessing major changes.   During the Global Labor Market Conference (GLMC), he spoke about the market's rapid ...

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Business & Money | Wednesday 13 December, 2023 10:54 am

Bahri Signs a Membership Agreement with Bayan Credit Bureau

Bahri, the national shipping company of the Kingdom of Saudi Arabia and a global leader in transportation and logistics, has signed a membership agreement with Bayan Credit Bureau (Bayan), a leading Credit Bureau that provides local and global credit reports for more than 180 countries. The...

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