Business & Money | Friday 5 April, 2024 1:07 am

Riyad Bank says Riyad Capital IPO ‘under assessment’

Riyad Bank’s board of directors approved on April 3 to start assessment and preparation of a possible initial public offering (IPO) of its subsidiary, Riyad Capital for listing on the Saudi Exchange (Tadawul), according to a statement to Tadawul.   Riyad Bank and Riyad Capital ...

More Details

Business & Money | Friday 5 April, 2024 12:04 am

Saudi Electricity redeems $1.5B sukuk due on April 8

Saudi Electricity Co. (SEC) fully redeemed its $1.5 billion international sukuk due on April 8, 2024, listed on Irish Stock Exchange (Euronext Dublin), issued on April 8, 2014.   In a statement to Tadawul, the company said 7,500 sukuk were redeemed at a par value of...

More Details

Tourism & Hospitality | Thursday 4 April, 2024 4:35 pm

Sofitel Dubai The Palm announces Eid Al Fitr Holiday Escape

This April, luxury 5-star beach resort Sofitel Dubai The Palm is proud to announce its exclusive world of unparalleled luxury and indulgence with exclusive Eid Al Fitr staycation deals. Nestled on the pristine shores of Palm Jumeirah, the resort offers a sanctuary of opulence and tranquillity,...

More Details

Tourism & Hospitality | Thursday 4 April, 2024 2:44 pm

Bring the family together with A.O.K. Kitchen Riyadh’s festive Eid breakfast!

The inclusive KAFD neighbourhood favourite is putting on a family-friendly display this long weekend, open to children and pets and celebrating the spirit of togetherness   Marking the end of the Holy Month of Ramadan, Eid al-Fitr is about coming together with loved ones, enjoying...

More Details

Technology & IT | Thursday 4 April, 2024 1:42 pm

HONOR Magic6 Pro 5G Gets Positive Feedback and High Demand from Consumers in KSA

HONOR, the global technology brand is thrilled to announce the great response for the HONOR Magic6 Pro during its pre-order phase and direct sales. This overwhelming response showcases the brand’s deep commitment to prioritizing consumer satisfaction in the Saudi Market by delivering products...

More Details

Tourism & Hospitality | Thursday 4 April, 2024 1:13 pm

Embraces Community Spirit with Kids Iftar Event on Sheik Zayed Humanitarian Day

In a heartfelt display of community support and solidarity, Media Rotana Dubai hosted an enriching Iftar event for families, in collaboration with Emirates Red Crescent and Fakhr UAE on Sheik Zayed Humanitarian Day. This special gathering underscored the hotel's enduring commitment to giving back...

More Details

Business & Money | Thursday 4 April, 2024 12:17 pm

Capital.com opens new regional head office in UAE under #NextGenFDI initiative

Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed USD$1 trillion in 2023, has announced that it is joining the UAE’s #NextGenFDI initiative for digitally-enabled businesses as it opens a new subsidiary, Capital Com MENA Securities Trading LLC...

More Details

Business & Money | Thursday 4 April, 2024 12:16 pm

UAE AML/CFT Partnership Forum Digital Work Group publishes white paper on technologies in anti-financial crime

Hamid AlZaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF), was presented with the first copy of the white paper "Current views on technologies in anti-financial crime" during the EO AML/CTF Ramadan event, published by the UAE...

More Details

Business & Money | Thursday 4 April, 2024 12:11 pm

Masdar to host World Future Energy Summit on 16th April

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, is gearing up to host the World Future Energy Summit (WFES). Taking place from 16th to 18th April at Abu Dhabi National Exhibition Centre (ADNEC), WFES is the world’s leading business event for future...

More Details

Business & Money | Thursday 4 April, 2024 11:44 am

Moody's upgrades ADIB’s Baseline Credit Assessment

Abu Dhabi Islamic Bank (ADIB) received an upgrade to its Baseline Credit Assessment (BCA) from Moody's as the ratings agency affirmed ADIB’s credit ratings, indicating continued stability and improvement in the bank's financial health. The upgrade in ADIB's BCA is attributed to the bank's...

More Details