Business & Money | Sunday 10 January, 2021 2:26 pm

tabby, the Region’s Leading Buy Now Pay Later Fintech Raises $23m in one of the Largest Series A Funding Rounds in the Middle East

tabby (tabby.ai), the leading UAE and KSA-based BNPL provider announced that it has raised Series A financing of $23m in debt and equity led by Arbor Ventures and Mubadala Capital, with participation from STV, Raed Ventures, Global Founders Capital, JIMCO, Global Ventures, Venture Souq, Outliers...

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Business & Money | Sunday 10 January, 2021 2:19 pm

ACCIONA completes the construction of the Al Khobar I desalination plant in Saudi Arabia

Al-Khobar 1, built by ACCIONA and owned by Saline Water Conversion Corporation (SWCC), is one of the biggest desalination plants in Saudi Arabia. It will provide a service to 350,000 people ACCIONA has completed the commissioning phase for the plant and is now producing water beyond its...

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Business & Money | Sunday 10 January, 2021 2:13 pm

Saudization of Engineering Jobs in 2021 - Proven Takes the Driver’s Seat to Help Clients

Proven, the leading outsource business services provider in the region, announced services to help its Saudi customers fulfil their engineer’s Saudization requirements. As part of Proven’s Outsourcing (PEO) service, clients can now choose from candidates from a pool of engineers to work...

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Business & Money | Sunday 10 January, 2021 9:09 am

Al Fardan Exchange Partners Up with Eros Now for Its Customers to Start the Year with the Best of Entertainment

Dubai: Al Fardan Exchange has partnered up with Eros Now, one of the most prominent Indian entertainment brands. This partnership aims to reach consumers across the UAE, in which customers get a free one-month subscription for every successful transaction made. Any customer that sends...

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Business & Money | Wednesday 6 January, 2021 2:26 pm

AlRaha AlSafi Food completes acquisition of first milling firm for $540 million

AlRaha AlSafi Food Co, consisting of Almutlaq Group, AlSafi Holding Co., Abunayyan Trading Co. and Essa Al-Ghurair Investment LLC, announced the completion of First Milling Company (MC-1) through the Phase-1 competitive tender of the Saudi flour mills privatisation for $540 million (SAR 2.03...

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Business & Money | Wednesday 6 January, 2021 2:18 pm

DMCC’s Dubai diamond exchange to host six diamond tenders in January 2021

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – will host six diamond tenders in its Dubai Diamond Exchange, the world’s largest diamond tender facility, in January 2021. This follows a record-breaking tender hosted in December...

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Business & Money | Wednesday 6 January, 2021 1:50 pm

Agthia completes transaction with Al Foah to create Top 10 F&B company in the region

 Agthia is now domestic champion in four essential F&B categoriesAl Foah will operate as a strategic business unit within Agthia   Agthia Group PJSC, a leading food and beverages company, today announced the successful completion of its strategic combination with Al...

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Business & Money | Tuesday 5 January, 2021 5:58 pm

DMCC records strongest performance in 5 years attracting 2025 companies to Dubai

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – registered a record breaking 2025 new companies in 2020, the highest number of registrations in 5 years. Despite an overall business environment shaped by the COVID-19 pandemic, the...

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Business & Money | Tuesday 5 January, 2021 5:55 pm

DGCX trades 12.73 million contracts, records yearly AOI of 220,504 contracts in 2020

The Dubai Gold & Commodities Exchange (DGCX) today announced that it traded 12.73 million contracts in 2020, and recorded a yearly AOI of 220,504 contracts in 2020. Open interest refers to the total number of outstanding contracts at the end of the trading day and is a strong indicator of an...

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Business & Money | Tuesday 5 January, 2021 11:20 am

SACOOR BROTHERS OPENS 5 STORES ACROSS THE KINGDOM OF SAUDI ARABIA

Sacoor Brothers, the international premium fashion label hailing from Portugal is celebrating the opening of its 5 stores across KSA. Already well-established Online in KSA and with stores in the UAE, Kuwait, Bahrain and 18 other countries worldwide, the 5 new brick and mortar stores have...

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