Business & Money | Monday 9 December, 2024 11:04 am

UAE ranks fifth in Quality Infrastructure for Sustainable Development Index 2024

The UAE ranked fifth in this year’s Quality Infrastructure for Sustainable Development (QI4SD) Index1, climbing six places since the United Nations Industrial Development Organisation (UNIDO) launched the index in June 2022. The QI4SD Index categorised the UAE in the ‘L’ group that...

More Details

Business & Money | Monday 9 December, 2024 10:58 am

Savola plans SAR 859M Sukuk buyback

Savola Group announced its intention to buy back SAR 859 million worth of Sukuk from its SAR 1 billion issuance in 2019 and maturing in 2026, with a redemption ratio of 85.9% and a total of 859 Sukuk. In a statement to Tadawul, the company said once the buyback is completed, the group plans to ...

More Details

Business & Money | Monday 9 December, 2024 10:54 am

Molan Steel renews SAR 13M credit facilities with Bank Albilad

Molan Steel Co. renewed, on Dec. 8, Shariah-compliant credit facilities with Albilad Bank at a total value of SAR 13 million, according to a statement to Tadawul. These facilities, extended to Sept. 16, 2025, will finance the requirements of the working capital. The credit facilities are...

More Details

Technology & IT | Monday 9 December, 2024 10:53 am

HONOR X9c Redefines Durability for Everyday Protection

The HONOR X9c brings flagship-level durability to a mid-range segment, and in doing so gives users peace of mind about their smartphone’s safety. It also means that for everyday scenarios, users don’t have to worry about accidental drops or mishaps rendering their smartphone unusable. The HONOR ...

More Details

Business & Money | Monday 9 December, 2024 10:52 am

Al Yamamah Steel inks SAR 95M supply contract

Al Yamamah Steel Industries Co. signed, on Dec. 8, a one-year contract with National Contracting Company Ltd. (NCC) for SAR 94.95 million, according to a statement to Tadawul. The contact entails supply of steel towers to establish a 380 kV high voltage line in the central region, the...

More Details

Business & Money | Monday 9 December, 2024 10:46 am

Derayah Financial and Alpaca Join Forces to Expand Foreign Investor Access to Saudi Arabia’s Market

Derayah Financial has announced a strategic partnership and investment agreement with Alpaca, a global leader in financial brokerage infrastructure technology. This collaboration aims to deliver digital-driven trading solutions that empower investors in both local and international markets, while...

More Details

Business & Money | Monday 9 December, 2024 10:42 am

Aramco-backed Fintech Stake officially launches in Saudi Arabia with first deal in partnership with AlRajhi Seventh

Stake, the leading global digital real estate investment platform in the Middle East and North Africa (MENA) region, today announced their official launch in the Kingdom of Saudi Arabia. As the first platform regulated by the Capital Market Authority (CMA) to afford individuals outside of the...

More Details

Business & Money | Monday 9 December, 2024 10:38 am

GCC Digital Government Services Set Global Standard in Citizen Satisfaction and Emerging AI Adoption, BCG Report Reveals

The latest report from Boston Consulting Group (BCG) highlights the Gulf Cooperation Council (GCC) region’s exemplary performance in digital government services, with Saudi Arabia, Qatar, and the United Arab Emirates (UAE) achieving global leadership in citizen satisfaction. This sixth edition of ...

More Details

Business & Money | Monday 9 December, 2024 10:24 am

Automechanika Dubai breaks new ground with largest show on record

Automechanika Dubai, the largest automotive aftermarket trade exhibition in the Middle East, will return to the Dubai World Trade Centre (DWTC) from 10-12 December, celebrating the 21st edition of the showcase with record exhibitors numbers. With 2,228 exhibitors confirmed, Automechanika Dubai ...

More Details

Business & Money | Monday 9 December, 2024 10:21 am

eToro and ADX partner to expand investment opportunities in the UAE

 eToro, the trading and investing platform, and the Abu Dhabi Securities Exchange (ADX) announced today the signature of an agreement to add a number of ADX-listed stocks to the eToro platform.  Starting in 2025, eToro’s users will be able to invest in a number of ADX-listed...

More Details