Business & Money | Tuesday 29 October, 2024 8:00 am

‘Powering the Future Toward Net Zero’ Forum Concludes today in Dammam with Compelling Message to Intensify Partnerships in GCC to Achieve Net-Zero Emissions

The two-day ‘Powering the Future Toward Net Zero’ forum, organized by the Gulf Cooperation Council Interconnection Authority (GCCIA) in collaboration with the Electric Power Research Institute (EPRI), GO15, and Med-TSO, concluded today (Monday, 28 October 2024) in Al Khobar in Saudi...

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Business & Money | Monday 28 October, 2024 9:57 am

Abu Dhabi Department of Energy concludes Safety in Heat campaign

- Abu Dhabi Department of Energy (DoE) has concluded its Safety in Heat campaign, aimed at measuring the compliance of all companies operating in the sector with the midday work ban during the summer period. This decision prohibits work under direct sunlight in open areas between 12:30 and 15:00...

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Business & Money | Monday 28 October, 2024 9:49 am

DEWA explores AI-powered workforce, smart buildings at Microsoft LA headquarters

A high-level delegation led by Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), visited Microsoft headquarters in Los Angeles, California, USA, to explore the transformative potential of artificial intelligence (AI) in enhancing workforce productivity and...

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Business & Money | Monday 28 October, 2024 9:36 am

SAIF Zone showcases competitive food industry services at SIAL Paris 2024

The Sharjah Airport International Free Zone Authority (SAIF Zone) has concluded its participation in SIAL Paris 2024, held recently in the French capital, Paris, attracting thousands of exhibitors and visitors from around the world. Part of the Sharjah Chamber of Commerce and Industry (SCCI)...

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Business & Money | Monday 28 October, 2024 9:31 am

NMDC Group achieves net profit of AED 2.2 billion in first 9 months of 2024

NMDC Group, a global leader in engineering, procurement, construction, and marine dredging, has announced its financial results for the nine-month period ending 30th September 2024, reporting an impressive 68 percent growth in revenues and a 45 percent surge in net profits compared to the same...

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Business & Money | Monday 28 October, 2024 9:25 am

Edarat inks SAR 8.6M cloud service contract with NEOM

Edarat Communication and Information Technology Co. received on Oct. 25 a new purchase order worth SAR 8.63 million for an existing cloud services contract with NEOM to provide Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) worth SAR 8.63 million, including VAT. In a...

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Business & Money | Monday 28 October, 2024 9:21 am

Pan Gulf obtains SAR 135M bank facilities from BSF

Pan Gulf Marketing Co. obtained SAR 135 million worth of Shariah-compliant credit facilities from Banque Saudi Fransi (BSF), according to a statement to Tadawul. The one-year credit facilities were provided with no guarantees in return. Pan Gulf will use the funds to finance working...

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Business & Money | Monday 28 October, 2024 8:56 am

Retal pens SAR 947.6M agreements with NHC

Retal Urban Development Co. signed SAR 947.6 million worth of two agreements with National Housing Co. (NHC) to purchase developed land plots and develop 947 residential units in Al Khozam Suburb in Riyadh City, according to a statement to Tadawul. The contract term will extend for 55 months,...

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Business & Money | Monday 28 October, 2024 8:51 am

Saudia Group Participates in the Eighth Edition of Future Investment Initiative

Saudia Group has announced its participation as the Official Airline Partner of the Eighth Edition of the Future Investment Initiative (FII), taking place in Riyadh from October 29th to 31st, 2024, under the theme "Infinite Horizons: Investing Today, Shaping Tomorrow." This participation...

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Business & Money | Sunday 27 October, 2024 8:57 am

Azizi Developments' Riviera Beachfront reaches 38% construction completion

Azizi Developments, a leading private developer in the UAE, has announced the 38% construction completion of Beachfront in Riviera, Azizi’s French Mediterranean-inspired waterfront lifestyle community, located in the heart of MBR City.  The structural build of Beachfront I has now...

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