Business & Money | Wednesday 14 August, 2024 10:23 am

Bayanat reports revenue of AED273 million in H1 2024

Bayanat (ADX: BAYANAT), a leading AI-powered geospatial solutions provider, today announced its continued solid financial results for the first half of 2024. Over the first half of 2024, Bayanat’s revenue reached AED273 million, an 18% increase year-over-year. Q2 revenue increased 23%...

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Business & Money | Wednesday 14 August, 2024 10:12 am

China delivers largest overseas offshore oil platform to Saudi Arabia

China's heaviest offshore oil and gas platform destined for overseas markets was completed and delivered at a production facility in Qingdao, East China's Shandong Province, major Chinese oil company CNOOC said on Monday, the day of delivery.The completion of the Marjan oil and gas collection and...

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Business & Money | Wednesday 14 August, 2024 10:04 am

China's CEEC signs $972M contract to build solar power plant in Saudi Arabia

China Energy Engineering Corporation (CEEC) signed a contract worth 6.98 billion yuan ($972 million) to build a solar power plant in Saudi Arabia, Reuters reported. The joint venture (JV) partners include CEEC, the Public Investment Fund (PIF), ACWA Power, and Saudi Aramco Power Co....

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Business & Money | Wednesday 14 August, 2024 9:52 am

TAQA Group Reports AED 4.4 billion Net Income for H1 2024

Abu Dhabi National Energy Company PJSC (“TAQA” or “the Group”), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, reported its earnings for the period ending 30 June 2024. TAQA delivered solid financial results, supported by stable returns from...

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Business & Money | Wednesday 14 August, 2024 9:23 am

Dubai Courts’ Amicable Dispute Resolution Centre settles 80% of disputes amicably

The Dubai Courts’ Amicable Dispute Resolution Centre announced outstanding achievements during the first half of the year 2024, as the amicable settlement rate for disputes reached 80%, and 1239 disputes were resolved by agreement and reconciliation, reflecting the efforts made to provide...

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Business & Money | Wednesday 14 August, 2024 9:12 am

Dubai Maritime Authority signs an Agreement with Gulf Craft for providing Marine Crafts’ Registration Services

The Dubai Maritime Authority at the Ports, Customs, and Free Zone Corporation signed a strategic partnership agreement with Gulf Craft for facilitating procedures related to maritime vessel registration services for clients. The agreement was signed on behalf of Dubai Maritime Authority by Sheikh...

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Business & Money | Wednesday 14 August, 2024 8:44 am

VeriEstate to debut as Dubai’s premier proptech startup with groundbreaking inspection and listing platform

VeriEstate, a Dubai-based proptech startup, is set to transform the real estate industry with its innovative all-in-one property assessment platform. Registered with the DIFC Innovation Hub, the largest innovation ecosystem in the region, VeriEstate aims to become a one-stop solution for all...

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Business & Money | Tuesday 13 August, 2024 11:28 am

Saudi Azm secures project with Monsha’at

Saudi Azm for Communication and Information Technology Co. was awarded a project to manage the provision of subsidized service vouchers and discounted services for the Small and Medium Enterprises General Authority (Monsha’at). In a statement to Tadawul, the company said the project's value...

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Business & Money | Tuesday 13 August, 2024 10:54 am

Zain KSA names Saad Al Sadhan as Acting CEO

Mobile Telecommunication Company Saudi Arabia (Zain KSA) named Saad Al Sadhan as Acting CEO effective today, Aug. 13.The decision was based on a recommendation by the remuneration and nominations committee, according to a statement to Tadawul.Al Sadhan has over 20 years of experience in...

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Business & Money | Tuesday 13 August, 2024 10:39 am

Record-breaking Intersec Saudi Arabia sold out

Intersec Saudi Arabia, the country’s leading trade fair for security, safety and fire protection, has officially sold out two months ahead of the exhibition start date. A record number of 300 exhibitors, representing a 25% increase on last year’s number, and more than 17,000 visitors are...

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