Business & Money | Tuesday 25 July, 2023 11:14 am

Bawan signs MoU to divest entire stake in Bina Industrial for SAR 76.7 mln

Bawan Co. signed today, July 25, a binding memorandum of understanding (MoU) to sell its entire stake in Bina Industrial Investment Holding Co., including its assets and liabilities, to one of the current shareholders, Ahmed Mohammed...

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Business & Money | Tuesday 25 July, 2023 11:09 am

NADEC inks biowaste supply agreement with PIF’s SIRC

National Agricultural Development Co. (NADEC) sealed a 20-year agreement with the Public Investment Fund’s (PIF) wholly owned Saudi Investment Recycling Co.’s (SIRC) subsidiary, Municipal Solid Waste Recycling Company (Yadoum), to recycle biowaste and contribute to environmental protection, in...

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Business & Money | Tuesday 25 July, 2023 10:59 am

Alkhorayef selected as Rayis-Rabigh water transmission pipelines project developer

Alkhorayef Water and Power Technologies Co. (AWPT) announced, on July 24, that company’s consortium was selected by the Saudi Water Partnership Company (SWPC) as a preferred developer for the independent Rayis-Rabigh water transmission pipelines project, with a revised tariff of SAR 1.25678 per...

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Business & Money | Tuesday 25 July, 2023 10:22 am

Abu Dhabi Residents Office and Japan External Trade Organization Collaborate

The Abu Dhabi Residents Office, the Abu Dhabi Department of Economic Development’s (ADDED) arm to support the emirate's thriving community and to strengthen its position as a top destination for top talent, and the Japan External Trade Authority (JETRO) signed a memorandum of understanding to...

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Business & Money | Tuesday 25 July, 2023 9:12 am

Response Plus Holding (RPM) Appoints Dr. Rohil Raghavan as new Chief Executive Officer (CEO)

Response Plus Holding (RPM) - the largest provider of onsite healthcare, medical emergency services and occupational health solutions in the UAE - has just announced the appointment of Dr. Rohil Raghavan as its new Chief Executive Officer (CEO) based in Abu Dhabi, the United Arab...

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Business & Money | Tuesday 25 July, 2023 9:10 am

Al Seer Marine Reports AED 564m Revenue in H1 2023, Demonstrating Strong Growth

Al Seer Marine (ADX: ASM), the global player across multiple marine sectors and International Holding Company (IHC) Subsidiary, released today its financial results for the first half of 2023, ended on 30 June, reporting gross profit reached AED 74m, a significant 92.5% YoY increase over H1...

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Business & Money | Tuesday 25 July, 2023 8:40 am

FedEx Enhances International Priority® Service in UAE and Saudi Arabia

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, announced the enhancement of its International Priority® (IP) service in an effort to improve the efficiency of goods circulation and enable customers to seize global...

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Business & Money | Tuesday 25 July, 2023 8:39 am

Tamam Finance Partners with Lean Technologies to Bolster Digital Capabilities and Enhance Customer Experience

In a significant stride towards strengthening its digital capabilities and customer service, Tamam Finance, the first Saudi firm to obtain a consumer microfinancing license from the Saudi Central Bank (SAMA), has signed a Memorandum of Understanding (MoU) with Lean Technologies. This partnership is ...

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Business & Money | Monday 24 July, 2023 12:33 pm

Emirates Islamic wins ‘Most Innovative Sukuk’ award at The Banker Islamic Banking Awards 2023

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced that it has been awarded the ‘Most Innovative Sukuk’ award by the globally renowned Financial Times’ monthly publication, The Banker, for its inaugural AED 1 billion dirham-denominated...

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Business & Money | Monday 24 July, 2023 10:57 am

Consumers in Saudi Arabia are Conscious of Cyber Risks with 97% of Internet Users Taking Measures to Protect their Home Connection

Cisco’s latest Broadband Survey has revealed that internet users in Saudi Arabia are conscious of cyber risks, with only 3% of respondents not taking any measure to protect the security of their home connection.  The survey of more than 21,000 people in 12 countries, including...

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