Business & Money | Thursday 8 August, 2024 10:49 am

Andromeda extends loan distribution network into the Middle East to cater to NRI financial needs

Andromeda Sales & Distribution, India’s premier loan distribution network, is pleased to announce its strategic expansion into the Middle East, a move fuelled by its exceptional domestic performance. The company recorded over 23% growth in loan disbursals, reaching $9,048 million (Rs. 75,397...

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Business & Money | Thursday 8 August, 2024 10:46 am

Sulaiman Al Habib, Alandalus raise JV's capital to SAR 383M

Dr. Sulaiman Al Habib Medical Services Group Co. and  Alandalus Property Co. announced, in two separate statements, raising capital of Gharb Jeddah Hospital Co., a limited liability company that is 50% owned by Sulaiman Al Habib and 50% by Alandalus Property, from SAR...

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Business & Money | Thursday 8 August, 2024 10:41 am

KEIR raises BSF credit facilities by SAR 41.8M

Keir International Co. signed an agreement to increase the Shariah-compliant credit facilities granted by Banque Saudi Fransi (BSF) by SAR 41.76 million, from SAR 32.16 million to SAR 73.93 million, according to a filing to Tadawul today, Aug. 8. The financing period ends with the expiry...

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Business & Money | Thursday 8 August, 2024 10:37 am

Fakeeh Care awards SAR 150.5M worth 2 contracts to AHC

Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) announced plans to establish a new medical center facility, covering an area of 2,450 square metre (sqm) in Awali, Makkah. In a statement to Tadawul, the company said it awarded a contract to Advanced Horizons Contracting Co. (AHC) for...

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Sports | Thursday 8 August, 2024 10:29 am

Fortnite, Street Fighter 6, and Teamfight Tactics kick off sixth week of competition at the Esports World Cup

 The Esports World Cup enters its sixth week of elite competition on Thursday, with the hotly anticipated Fortnite, Street Fighter 6, and Teamfight Tactics tournaments entering the fray.  A team prize pool total of $2.5 million is on offer across all three competitions at the SEF...

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Business & Money | Thursday 8 August, 2024 10:24 am

The Digital Cooperation Organization launches the second edition of EconomiX magazine, focusing on the global digital economy

 Building on the success of its inaugural issue, the Digital Cooperation Organization (DCO), a global multilateral organization committed to enabling digital prosperity for all by accelerating the sustainable and inclusive growth of the digital economy, is proud to announce the launch of the...

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Business & Money | Thursday 8 August, 2024 10:19 am

Bahri and Ma'aden Sign Strategic Letter of Intent to Explore Collaboration Opportunities

Bahri, the National Shipping Company of Saudi Arabia and a global leader in logistics and shipping, has signed a strategic Letter of Intent (LOI) with Ma’aden (the Saudi Arabian Mining Company), the largest multi-commodity mining and metals company in the Middle East. This collaboration, inked in ...

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Business & Money | Thursday 8 August, 2024 10:15 am

Kazakhstan Stock Exchange (KASE), KASE Clearing Centre (KACC) sign agreement with the Abu Dhabi Securities Exchange (ADX) to join the Tabadul Hub

Kazakhstan Stock Exchange JSC (KASE) along with KASE Clearing Centre JSC (KACC), today announced that they have officially joined the Tabadul Digital Exchange Hub established by the Abu Dhabi Securities Exchange (ADX).  KASE is the sixth exchange to become a member of Tabadul. The...

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Business & Money | Thursday 8 August, 2024 9:41 am

85% of Companies in the GCC Rank Innovation as a Top Priority, Yet Face Significant Readiness Challenges

Companies in the Gulf Cooperation Council (GCC) prioritize innovation more than ever—with 85% of senior executives in the region ranking it among their organizations' top priorities, slightly above the global average. This strong commitment to innovation reflects the region's ambition to lead the ...

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Business & Money | Wednesday 7 August, 2024 1:23 pm

EWEC launches Clean Energy Certificates for first time

Emirates Water and Electricity Company (EWEC) today announced the introduction of Clean Energy Certificates (CECs) for energy generated by the UAE's utility-scale Wind Programme. The wind energy CECs are available for purchase for the first time and further enable entities to achieve their...

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