Business & Money | Sunday 27 August, 2023 9:35 am

stc's TAWAL gets approvals to acquires 3 tower firms in Bulgaria, Croatia, Slovenia

stc said its subsidiary Telecommunications Towers Co. (TAWAL) received all the necessary approvals to acquire a portfolio of tower assets from United Group, which includes sites in Bulgaria, Croatia and Slovenia. Accordingly, the acquisition completed on Aug. 24, the telecom services ...

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Business & Money | Saturday 26 August, 2023 3:38 am

Oil rises, heads for second weekly drop

Oil rose today, Aug. 25, but heads for the second weekly decline after ending a seven-week gains last week.   Brent crude for October delivery rose 0.35%, or 30 cents, to $83.66 a barrel at 8:02 am Makkah Time.   The US West Texas Intermediate (WTI) benchmark for...

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Business & Money | Saturday 26 August, 2023 3:34 am

Lumi issues prospectus to list 16.5 mln shares on TASI

Lumi Rental Co. issued today, Aug. 24, its prospectus to float 16.5 million shares, or 30% of its SAR 550 million capital, on the Saudi Exchange (Tadawul). The Capital Market Authority (CMA) approved on March 31, the application submitted by Lumi Rental to float shares on...

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Business & Money | Saturday 26 August, 2023 3:25 am

Dubai Maritime Authority launches Maritime Consumer Rights campaign

The Dubai Maritime Authority (DMA) of the Ports, Customs and Free Zone Corporation, today launched a new “Know Your Rights” campaign designed to strengthen the consumer rights of Traders & Beneficial Cargo Owners (BCOs) across one of Dubai’s most important sectors.As a government...

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Business & Money | Saturday 26 August, 2023 3:20 am

DP World to invest $510 million to develop Tuna-Tekra mega-container terminal in India

DP World today signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Kandla in Gujarat on India’s western coast.The concession agreement was signed between S. K. Mehta, Chairman of Deendayal...

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Business & Money | Saturday 26 August, 2023 3:11 am

Ajman Tourism signs a memorandum of understanding with City University Ajman to enhance cooperation and experience exchange

The Ajman Department of Tourism Development - ADTD signed a memorandum of understanding with City University Ajman which aims to establish a partnership between the two parties to enhance cooperation, knowledge and expertise exchange in community services and institutional...

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Business & Money | Saturday 26 August, 2023 3:08 am

Careem For Business: A Game-Changing Transportation Solution for Employees in Saudi Arabia

Careem, the region’s leading multi-service app, has revolutionized the daily commute for employees while simultaneously reducing operational expenses for businesses in Saudi Arabia through its innovative transportation solution for businesses and their employees, Careem For Business...

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Business & Money | Saturday 26 August, 2023 3:00 am

Saudi Central Bank, the Kingdom is hosting ‘Seamless Saudi Arabia 2023’

Under the patronage of His Excellency Ayman Mohammed Al-Sayari, the Governor of the Saudi Central Bank, the Kingdom of Saudi Arabia is hosting the ‘Seamless Saudi Arabia 2023’ conference and exhibition in Riyadh on September 4 and 5. The event will be held through a strategic partnership with...

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Business & Money | Friday 25 August, 2023 1:46 pm

Saudi Arabia, UAE accession to BRICS marks importance of GCC states: Official

The Secretary General of the Gulf Cooperation Council for Arab States, Jasem Mohamed Albudaiwi, said the accession of Saudi Arabia and the UAE to the Brazil, Russia, India, China, and South Africa (BRICS) Group, emphasizes the importance of the GCC economies.   The GCC countries are...

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Business & Money | Friday 25 August, 2023 1:45 pm

Financial, realty blue chips continue to drive UAE stock markets

The UAE stock markets Thursday continued to capitalise on improved investor sentiments, with blue-chip industrial, banking and real estate stocks leading the gainers in the capital's bourse, with financials, industrials, and communication services driving the Dubai Financial Market, with both...

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