Business & Money | Monday 27 May, 2024 1:44 am

Aramco plans sale of nearly $10B shares: Report

Saudi Arabia is planning a $10 billion share sale in Aramco, Reuters reported.The share sale is expected to take place as soon as June in what would be one of the region's biggest stock deals.The preparations are ongoing and the details could still change, two sources said. ...

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Business & Money | Monday 27 May, 2024 1:36 am

MAWANI, DP World break ground on SAR 900M logistics park at Jeddah Islamic Port

The Saudi Ports Authority (MAWANI) and Dubai’s DP World broke ground today, May 26, on a logistics park project at Jeddah Islamic Port, with investments totaling SAR 900 million ($250 million). According to the Emirates News Agency (WAM), the 415,000-square-meter (sqm) greenfield facility...

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Business & Money | Monday 27 May, 2024 1:32 am

ADES wins 6 onshore contracts worth SAR 2.4B in Kuwait

ADES Holding Co. said that its subsidiary received a SAR 2.4 billion award for six onshore contracts with Kuwait Oil Co. (KOC). The award includes new contracts for four of the company’s current operating rigs in Kuwait and two newbuild units, ADES added in a statement to Tadawul. All...

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Business & Money | Sunday 26 May, 2024 11:53 am

Sipchem resumes ops at 3 plants after maintenance

Sahara International Petrochemical Co. (Sipchem) resumed operations, on May 25, at three plants affiliated with its subsidiaries, International Vinyl Acetate Co. (IVC), International Acetyl Co. (IAC) and International Gases Co. (IGC) after scheduled maintenance. During the scheduled...

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Business & Money | Sunday 26 May, 2024 11:49 am

SGS shareholders OK transfer of SAR 520.2M reserve to retained earnings

Shareholders of Saudi Ground Services Co. (SGS) approved transferring the company’s SAR 520.17 million statutory reserve as of Dec. 31, 2023, to the retained earnings account. They also authorized the board of directors to pay interim dividends on a semi-annual or quarterly basis...

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Business & Money | Sunday 26 May, 2024 11:47 am

196 significant transactions on ADNOC Drilling shares in ADX worth AED3.4 million

Abu Dhabi Securities Exchange (ADX) witnessed the execution of 196 significant transactions on ADNOC Drilling shares. According to ADX data, the transactions involved a total of 880 million shares, exceeding a value of AED3.4 million at an execution price of AED3.9. Abu Dhabi National Oil ...

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Business & Money | Sunday 26 May, 2024 11:24 am

MBC inks SAR 65.1M TV series production contract

MBC Group’s wholly owned subsidiary, MBC FZ-LLC, signed a TV series production contract with MedYapim Middle East Audiovisual Media Production Co. at SAR 65.1 million, according to a statement to Tadawul. The contract will start as of the signing date and the series production will end in...

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Business & Money | Sunday 26 May, 2024 11:18 am

Hassan Allam Construction Saudi Signs Construction Works Contract for the Primary Coral Nursery

Hassan Allam Construction Saudi, alongside King Abdullah University of Science and Technology, is proud to announce the signing of the construction works contract for the Primary Coral Nursery within KAUST Coral Restoration Initiative, the world’s largest coral reef restoration effort in...

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Business & Money | Sunday 26 May, 2024 8:34 am

Review of top 5 trading platforms for 2024

The real key to success in Forex trading is a proper choice of a trading platform. A trading platform is the interface located between the trader and the currency market. It provides the features and tools added for analysis and trading execution. First, let's understand what a trading...

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Business & Money | Saturday 25 May, 2024 8:06 am

Moody's affirms Saudi Arabia's 'A1' rating, outlook positive

The rating agency Moody's affirmed Saudi Arabia's 'A1' rating, with positive outlook, Saudi Press Agency reported.  The Kingdom’s rating, according to the agency, came in line with the tangible progress the government has achieved in comprehensive reforms since 2016, as well as the...

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