Business & Money | Sunday 29 September, 2024 10:39 am

Hamdan bin Mohammed meets with Prime Minister of Uzbekistan

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, met with Abdulla Aripov, Prime Minister of the Republic of Uzbekistan, as part of his official visit at the head of a high-level UAE delegation aiming for deeper ties and...

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Business & Money | Sunday 29 September, 2024 10:37 am

Abu Dhabi Airports marks early reopening of northern runway at Zayed International Airport

Abu Dhabi Airports has announced the early reopening of Zayed International Airport’s (AUH) Northern Runway (13L/31R), which is now fully operational for arrivals and departures, following a successful rehabilitation project. The Northern Runway Rehabilitation project delivered a series of...

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Business & Money | Sunday 29 September, 2024 10:34 am

Minister of State for Foreign Trade leads UAE Business delegation to New Zealand, Australia to expand trade relations

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has concluded a successful visit to New Zealand and Australia, where he led a high-level UAE business delegation to strengthen economic ties. The visit culminated in the conclusion of negotiations for a Comprehensive Economic ...

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Business & Money | Sunday 29 September, 2024 10:30 am

Al Sagr, Maharah sign contract to provide medical insurance policy

Al Sagr Cooperative Insurance Co. signed a contract on Sept. 26 with Maharah Human Resources Co. to provide a medical insurance policy covering the company's employees and their families. In a statement to Tadawul, the company said the contract's value exceeds 5% of the total insurance...

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Business & Money | Sunday 29 September, 2024 10:27 am

Investment in Spark surpasses $3B

King Salman Energy Park (SPARK) successfully attracted over 60 investors to date, with total investments now exceeding $3 billion. Currently, there are seven operational factories, and an additional 14 factories are under construction, SPARK said on X platform. According to data available ...

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Business & Money | Sunday 29 September, 2024 10:25 am

Riyad Bank completes $750M sukuk offer

Riyad Bank completed its $750 million worth of USD-denominated additional Tier 1 sustainable sukuk, under its international additional Tier 1 sukuk program. The sukuk will be settled on Oct. 3, the bank said in a statement to Tadawul. Offer DetailsOffer...

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Business & Money | Sunday 29 September, 2024 9:55 am

Al Othaim says profit from Fourth Mills IPO at SAR 160M

Abdullah Al Othaim Markets Co.’s estimated net proceeds from the initial public offering (IPO) of Fourth Mills Co. would reach SAR 160 million after Zakat and tax, according to a statement to Tadawul. The IPO net proceeds, excluding the offering expenses, are expected to reach SAR 833...

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Business & Money | Saturday 28 September, 2024 4:07 pm

Saudi Arabia welcomes 4.2M tourists for leisure, holidays in 7M

Saudi Arabia received nearly 17.5 million international tourists, marking a 10% increase year-on-year (YoY), according to the Ministry of Tourism. This figure was recently announced by the United Nations World Tourism Organization (UNWTO), with Saudi Arabia leading the G20 countries in terms...

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Business & Money | Saturday 28 September, 2024 3:57 pm

Aster mulls $250M asset acquisition for Saudi expansion

Aster DM Healthcare Ltd.’s new Gulf entity plans to acquire assets worth $250 million, Bloomberg reported, citing Alisha Moopen, Managing Director and CEO of the GCC unit. She added that the move aims to expand the company's footprint in Saudi Arabia. The deals are likely to be for...

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Business & Money | Saturday 28 September, 2024 3:55 pm

Kafalah offers SAR 100B financing guarantees for 23,000 enterprises

Abdulrahman Mansour, Chairman of Small and Medium Enterprises Loan Guarantee Program (Kafalah), said the program offered financing guarantees worth SAR 100 billion to support more than 23,000 small and medium-sized enterprises (SMEs). This would not have been possible without the joint efforts ...

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