Government | Friday 5 July, 2024 10:44 am

ACRSD imposes SAR 11.1M fine on capital market violators

The General Secretariat of the Committees for Resolution of Securities Disputes (GS-CRSD) announced the issuance of the Appeal Committee for the Resolution of Securities Disputes' (ACRSD) final decision No. (3280/L.S/2024) of 1445 H., dated April 3, 2024, on the public penal case filed by the...

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Business & Money | Friday 5 July, 2024 10:40 am

PIF signs MoU to invest $500M in Hong Kong-listed ChaoShang

The Public Investment Fund (PIF) signed on July 4 a memorandum of understanding (MoU) with Hong Kong-listed ChaoShang Group for a potential $500 million investment.   In a statement, ChaoShang said the total investment comprises of $100 million in five-year convertible debenture and...

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Business & Money | Friday 5 July, 2024 10:26 am

Every military direct job adds 5 others: SAMI

Walid Abukhaled, CEO of Saudi Arabian Military Industries (SAMI), said every direct job in the Saudi military industries sector contributes to adding five indirect others supporting the economy, Al Eqtisadiah newspaper reported.   He added that the entry of new companies into the...

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Business & Money | Friday 5 July, 2024 1:47 am

Abu Dhabi Securities Exchange (ADX) Welcomes Secondary Listing of Inaugural ADQ $2.5 Billion Bond

Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today the secondary listing of the Abu Dhabi Development Holding Company’s (ADQ) $2.5 billion bond, first listed on the London Stock Exchange (LSE) in April 2024. The dual tranche bond, comprising a...

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Business & Money | Friday 5 July, 2024 12:55 am

The Ajman Department of Finance Participates in the 30th Annual Reserve Management Seminar

The Ajman Department of Finance, represented by Jassim Bu Osaiba, Director of the Department's Internal Audit Office, participated in the 30th edition of the Annual Reserve Management Seminar, hosted by UBS Swiss Bank in Zurich, Switzerland. The seminar is considered one of the leading global...

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Technology & IT | Thursday 4 July, 2024 12:07 pm

Unveiling the Magic: A Deep Dive into the HONOR Magic6 Pro's Camera and its AI-Powered Sportography Prowess

The HONOR Magic6 Pro has taken the photography on a smartphone world by storm, not least of all thanks to its groundbreaking camera system. This isn't just about capturing everyday moments; HONOR Magic6 Pro is designed to empower users, particularly those with a passion for action and sports...

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Tourism & Hospitality | Thursday 4 July, 2024 10:24 am

AlUla Desert Blaze is back: Region’s ultimate endurance race returns for daring second edition

The heat is well and truly on again in AlUla as the historic Saudi Arabian city gears up to host the second edition of AlUla Desert Blaze on August 24, with runners from across the globe invited to take on the ultimate test of endurance, with SAR 176,000 (US$ 46,900) in cash prizes to be...

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Business & Money | Thursday 4 July, 2024 10:01 am

Dar Almarkabah inks SAR 24M contract with Investment Ministry

Dar Almarkabah for Renting Cars Co. signed, on July 3, a car rental services contract with the Ministry of Investment, at a total value of SAR 24 million (including VAT). In a statement to Tadawul, the company said that the deal covers providing...

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Business & Money | Thursday 4 July, 2024 9:58 am

BinDawood, Regional Group ink MoU for franchise rights in Qatar

BinDawood Holding Co. signed a non-binding memorandum of understanding (MoU) with Regional Group Co., granting it commercial franchise rights to open eight BinDawood branches in Qatar. In a statement to Tadawul, the company said that the MoU has a duration of 12 months, expecting a...

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Business & Money | Thursday 4 July, 2024 9:48 am

PCFC announces launch of the Laboratory Information Management System (LIMS) for the EHS Central Laboratory

The Ports, Customs, and Free Zone Corporation, represented by the Planning and Development Department - Trakhees, has announced the launch of the Laboratory Information Management System (LIMS) at the central laboratory for Environment, Health, and Safety Department within the corporation. This...

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