Business & Money | Saturday 21 September, 2024 7:46 am

RAKEZ teams up with The Dollar Business to empower clients with cutting-edge trade solutions

 Ras Al Khaimah Economic Zone (RAKEZ) and The Dollar Business FZ-LLC (TDB) have signed a Memorandum of Understanding (MoU), marking the beginning of a new era of technological inclusivity in international trade for global enterprises. This partnership will enable RAKEZ-registered companies to...

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Business & Money | Saturday 21 September, 2024 7:36 am

IBM launches Himmah in the Kingdom, an associate program to upskill the next generation of Saudi technology leaders

IBM, a leading provider of global hybrid cloud, AI, and consulting expertise, announced today the launch of Himmah (meaning ‘determination’), the local edition of the IBM Consulting Associates program designed to train and upskill local Saudi talent. The announcement was made at Think...

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Business & Money | Saturday 21 September, 2024 7:33 am

HALO Space Announces Its Localization Plans in the Kingdom of Saudi Arabia and Confirms Upcoming Test Flight

 HALO Space, a global leader in near-space tourism, today announced the establishment of final assembly and testing facilities in the Kingdom of Saudi Arabia. This milestone, revealed during an exclusive media event in Riyadh, marks a significant step forward in HALO’s strategic partnership...

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Business & Money | Friday 20 September, 2024 12:39 pm

AD Ports Group signs agreements to refinance $2.25 billion debt

AD Ports Group has signed agreements with two UAE banks to refinance its syndicated loan of US$2.25 billion at more favourable terms, which would enable the Group to save up to AED44 million (US$12 million) in finance costs over the next 12 months. The new facilities will give the Group...

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Business & Money | Friday 20 September, 2024 12:36 pm

MESC inks SAR 100M credit facilities deal with Alinma Bank

Middle East Specialized Cables Co. (MESC) signed a Shariah-compliant credit facilities agreement worth SAR 100 million with Alinma Bank.   In a statement to Tadawul today, Sept. 19, the company said the one-year financing is guaranteed by promissory notes worth 110% of the total ...

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Business & Money | Friday 20 September, 2024 12:32 pm

MIS signs SAR 93.7M deal with Saudi Electricity

Al Moammar Information Systems (MIS) signed today, Sept. 19, a SAR 93.73 million contract, including VAT, with Saudi Electricity Co. for enhancing the latter’s network infrastructure and communication. The three-year contract will have a positive financial impact starting from Q1...

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Business & Money | Friday 20 September, 2024 12:01 pm

GACA issues August classification for air transport service providers, airports

The General Authority of Civil Aviation (GACA) issued today, Sept. 19, an index for the classification of air transport service providers and airports based on the number of complaints filed by travelers to the authority in August.   GACA stated that the total number of complaints...

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Business & Money | Thursday 19 September, 2024 1:11 pm

ASYAD Group Amplifies Strategic Regional Presence and Global Integrated Logistics Leadership at Saudi Maritime & Logistics Congress 2024

• Asyad Group solidifies its leadership as a major force in global supply chains.• Affirming its status as MENA’s fourth-largest logistics powerhouse, Asyad Group presents an extensiveportfolio, comprising operations in the US, China, Singapore, India, and the GCC, including offices in...

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Business & Money | Thursday 19 September, 2024 10:03 am

FLYADEAL CELEBRATES 94th SAUDI NATIONAL DAY OFFERING HUNDREDS OF THOUSANDS OF SEATS AT FARES FROM 94 RIYALS

Celebrating an occasion of pride and honour to mark the 94th National Day of Saudi Arabia, flyadeal has announced a massive three-day sale offering hundreds of thousands of seats starting at SAR94.  With the Kingdom gearing up for a weekend of festivities to mark the special day, flyadeal ...

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Business & Money | Thursday 19 September, 2024 10:01 am

Almarai Participates in ESPEN 2024 Conference on Clinical Nutrition and Metabolism in Milan

Almarai, a leading food and beverage company in the Middle East, participated in the 46th Congress of the European Society for Clinical Nutrition and Metabolism (ESPEN), held in Milan from September 7 to 10, 2024. This participation highlights Almarai’s leadership in therapeutic nutrition and its ...

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