Business & Money | Thursday 15 August, 2024 9:47 am

Azizi Developments, Bahra Electric partner across multiple Dubai projects

Azizi Developments, a leading private developer in the UAE, has announced its partnership with Bahra Electric, the prominent electrical manufacturing company based in Saudi Arabia. The company specializes in producing and supplying a wide range of electrical products and solutions, including...

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Business & Money | Thursday 15 August, 2024 9:44 am

Salama reports a 67% increase in net profit in H1 2024

 Islamic Arab Insurance Company (DFM listing: “Salama”), UAE’s largest Takaful solutions provider, has reported a net profit of AED 20.53 million, compared to AED 12.26 million during the same period in 2023. In line with the company’s commitment to delivering core business...

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Business & Money | Wednesday 14 August, 2024 6:17 pm

KPMG promotes Turki Alajmi to Partner in Defense and Security

KPMG announced the appointment of Turki Alajmi as Partner within its Defense and Security team in Saudi Arabia. Theappointment is testament to KPMG's growing commitment to servicing the Defense industry with advisory capabilities.   Turki brings over 15 years of professional...

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Business & Money | Wednesday 14 August, 2024 12:41 pm

Bonyan REIT finalizes ownership transfer for SAR 225M office tower in Riyadh

Saudi Fransi Capital Co., the fund manager of Bonyan REIT Fund, announced that the latter finalized the ownership transfer for an office tower in Al Sahafa District, Riyadh, according to a Tadawul filing.   This came following the completion of the property’s development works and...

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Business & Money | Wednesday 14 August, 2024 12:40 pm

National Building raises financing limit with Riyad Bank

National Building and Marketing Co. (NBM) signed an agreement to increase the limit of its Shariah-compliant banking facilities granted by Riyad Bank by SAR 90 million.   The financing duration is 24 months, with guarantees provided based on previously approved bank terms, the...

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Business & Money | Wednesday 14 August, 2024 12:26 pm

Abu Dhabi Securities Exchange (ADX) Signs Memorandum of Understanding with Armenia Securities Exchange (AMX)

Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, announced today that it has signed a memorandum of understanding with the Armenia Securities Exchange (AMX), based in Yerevan, Armenia, to collaborate on a number of key initiatives.  The MoU...

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Business & Money | Wednesday 14 August, 2024 12:23 pm

'Vilal Housing' Welcomes UAE Government's Efforts in Approving 2,618 Housing Permits Valued Over AED 2BN for Half One of 2024

'Vilal Housing', the leading organization specializing in the development of housing solutions for UAE citizens, praises the efforts of the UAE Government in enhancing residential stability for citizens by approving 2,618 housing permits worth over AED 2billion during the first half of...

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Business & Money | Wednesday 14 August, 2024 12:20 pm

ACWA Power signs PPA for floating solar PV project in Indonesia

ACWA Power Co. signed a power purchase agreement (PPA) for the Saguling floating solar photovoltaic (PV) project in Indonesia with PT Perusahaan Listrik Negara- Persero or (PLN), Indonesia’s sole state-owned electricity utility. In a statement to Tadawul, the company said the Saguling...

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Business & Money | Wednesday 14 August, 2024 12:12 pm

CENOMI CENTERS RECORDS HIGH H1-24 LEASE DEMAND AND RECORD FOOTFALL

Cenomi Centers, the largest owner, operator and developer of contemporary lifestyle centers in Saudi Arabia, continues to demonstrate strong business performance and high demand for space across its 22 centres with 1,306 leases renewed in the first half of 2024, with 235 brands being onboarded in...

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Business & Money | Wednesday 14 August, 2024 11:53 am

NWC launches 20 water and environment projects in Riyadh region at about SR 1 billion

 The National Water Company (NWC), represented by the Central Cluster, announced the start of the implementation of 20 water and sanitation projects in the Riyadh region. The total length of the pipes and networks exceeds 1300 km at a total cost of nearly one billion Saudi Riyals. These...

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