Business & Money | Friday 11 August, 2023 12:10 am

ENOC Group and ALSAYER partner to expand lubricants offering in Kuwait

ENOC Group, a leading integrated global energy player, recently signed a Memorandum of Understanding (MoU) with ALSAYER Group Parts & Logistics in line with the Group’s wider strategy to further expand its lubricants network in the region.   The agreement will...

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Business & Money | Friday 11 August, 2023 12:09 am

AZIZI DEVELOPMENTS MAINTAINS MOMENTUM, AMBER IN AL FURJAN NOW 17% COMPLETE

Azizi Developments, a leading private developer in the UAE, has achieved the 17% construction completion of Amber, its recently launched premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan. The overall structure is now 64% complete, with a total manpower of 114 ...

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Business & Money | Friday 11 August, 2023 12:07 am

Schneider Electric Appoints Ahmed Fateen to Drive Channel Growth Across UAE, Oman, and Bahrain’s Energy Landscape

Schneider Electric, the leader in the digital transformation of energy management and automation, has appointed Ahmed Fateen as the Channel Commercial Vice President serving the UAE, Oman and Bahrain markets. Fateen will be responsible for driving business growth across the three Gulf markets,...

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Business & Money | Thursday 10 August, 2023 12:27 pm

PIF Announces Establishment of the Saudi Facility Management Company “FMTECH”

The Public Investment Fund (PIF) today announced the establishment of the Saudi Facility Management Company (“FMTECH” or the “Company”). The company will offer a comprehensive range of services, including utilities management, energy management, waste management, maintenance,...

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Business & Money | Thursday 10 August, 2023 10:40 am

ACWA Power reports robust results for the first half of 2023

ACWA Power Company, a publicly listed company on the Saudi Arabian Tadawul stock exchange (ACWA Power: 2082), today announced financial results for the six-month period ending 30 June 2023.  Supported by higher operating income, the Company’s net profit—attributable to equity...

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Business & Money | Thursday 10 August, 2023 9:14 am

REDTAG announces fun-filled Back-to-School extravaganza on 10th, 11th August in Saudi

REDTAG, the Middle East’s leading value-fashion and homeware brand, has announced a fun-filled extravaganza in its stores on the 10th and 11th of August in Saudi to celebrate and embrace going back to school for the new academic year. The free-entry event includes magic shows, face painting for...

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Business & Money | Thursday 10 August, 2023 9:12 am

Aramex reports resilient performance in H1 2023, despite challenging market conditions

Aramex (DFM: ARMX) a leading global provider of comprehensive logistics and transportation solutions, announced its financial results for the second quarter (Q2) and first half (H1) ending 30th June 2023. Demonstrating resilience and remaining profitable in the face of weak market conditions...

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Business & Money | Thursday 10 August, 2023 9:03 am

Dubai Taxi sector posts record 10% growth rate in trips for H1 2023

The taxi sector in Dubai has experienced substantial growth rate of 10 percent during the first half of 2023 (H1 2023) in comparison to the same period last year, making this achievement the highest in the history of the emirate.Adel Shakri, Director of Planning and Business Development at RTA’s...

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Business & Money | Thursday 10 August, 2023 8:59 am

MIS renews, amends SAR 270 mln facility agreement with SAB

Al Moammar Information Systems Co. (MIS) announced the renewal and amendment of a Sharia-compliant credit facilities agreement with Saudi Awwal Bank (SAB) with a financing value of SAR 269.96 million, according to a Tadawul filing.The financing period extends until Dec. 31, 2023, as the agreement...

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Business & Money | Thursday 10 August, 2023 1:57 am

du's non-environmental sustainability initiatives and volunteering activities continue to make a positive impact

du, from Emirates Integrated Telecommunication Company (EITC), has been recognized by the Government of the UAE with the CSR Majra Award, showcasing its outstanding Corporate Social Responsibility (CSR) initiatives in 2022. It highlights du's dedication to non-environmental sustainability practices ...

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