Business & Money | Friday 22 March, 2024 12:06 am

eWTP Arabia Capital Portfolio Companies Strengthen Saudi Presence and Partnerships at LEAP 2024

eWTP Arabia Capital (eWTPA), a growth-stage investor headquartered in Riyadh and Asia Tech Partner of LEAP 2024, showcased its commitment to fostering innovation and partnership building at the recent event. Leveraging its position, eWTPA facilitated significant collaborations with the Saudi...

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Business & Money | Thursday 21 March, 2024 11:04 am

Gold prices surpass $2,200 for first time ever

Gold prices jumped today, March 21, above $2,200 for the first time ever after the Federal Reserve kept interest rates unchanged and maintained its view for the number of cuts at three.   Fed Chair Jerome Powell said that officials want to see more evidence that inflation is coming...

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Business & Money | Thursday 21 March, 2024 10:58 am

Yansab shareholders OK retaining SAR 1.7B from statutory reserve

Yanbu National Petrochemical Co.’s (Yansab) shareholders approved transferring SAR 1.69 billion in statutory reserve, as per financial statements for the year ended on Dec. 31, 2023, to the retained earnings, during the extraordinary general meeting (EGM) held on March 20, according to a...

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Business & Money | Thursday 21 March, 2024 10:56 am

ADGM 2024 growth outlook: Over 70% of companies in ADGM Plan Workforce Expansion in 2024

A survey by the Abu Dhabi Global Market (ADGM), which stands as a testament to the vision and ambition that drive the UAE and the wider region's economic landscape, indicates a strong growth trajectory in several sectors, with Asset Management poised to take the lead, as 18.56 percent of...

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Business & Money | Thursday 21 March, 2024 10:52 am

Bayanat, Yahsat shareholders to vote on recommended merger to create SPACE42 on April 25

Bayanat AI PLC and Al Yah Satellite Communications Company each issued a circular today calling for their General Assembly Meetings (GAMs) to be held simultaneously on 25th April 2024. During the GAMs, respective shareholders of each entity will vote on the proposed merger of the two Abu...

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Business & Money | Thursday 21 March, 2024 10:38 am

Tabreed shareholders approve new record high dividend payment for FY 2023

Tabreed, the UAE’s leading international district cooling company, yesterday held its Annual General Assembly (AGA), during which shareholders approved a record high dividend payment of 15.5 fils per share, paid fully in cash. As disclosed in the company’s recent full-year results for 2023,...

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Business & Money | Thursday 21 March, 2024 10:36 am

WAJA seals SAR 49.5M contract with Ministry of Finance

WAJA Co. signed on March 20 a technical framework project agreement with the Ministry of Finance at an estimated value of SAR 49.45 million, VAT inclusive.   The agreement is valid for three years, WAJA said in a statement to Tadawul. It includes the supply and installation of office ...

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Business & Money | Thursday 21 March, 2024 10:34 am

Alandalus Property leases office building for SAR 114.3M

Alandalus Property Co. signed, on March 20, a lease contract for the Yasmine Alandalus office building with Expenditure & Projects Efficiency Authority at a total value of SAR 114.3 million (VAT inclusive), according to a statement to Tadawul.   The lease term will start...

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Business & Money | Thursday 21 March, 2024 10:19 am

UAE’s HR excellence in spotlight as merit-based Employee Happiness Awards begins nominations

Employee Happiness Awards is set to shine a spotlight on ongoing transformations across the human resources (HR) landscape, especially in the context of employee experience and wellness. The brainchild of Plan3Media, a leading event management company known for championing a merit-based awards...

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Business & Money | Thursday 21 March, 2024 10:06 am

Dr. Wiktor Patena assumes the executive leadership of GBSB Global, ushering in a new era of educational excellence

GBSB Global Business School announces the appointment of the new  Head of Institution and President   Madrid — GBSB Global Business School (GBSB Global), a leading European and internationally accredited higher education institution, appoints Dr. Wiktor Patena to be the...

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