Business & Money | Monday 2 September, 2024 11:04 am

Borouge shareholders approve $650 million interim dividend following H1 earnings growth

Borouge Plc, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, confirmed shareholder approval by its General Assembly Meeting (GAM) on 30th August of its half-year 2024 interim cash dividend of $650 million, or 7.94 fils per share, representing an...

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Business & Money | Monday 2 September, 2024 11:01 am

LME plans to list Jeddah Islamic Port as aluminum hub: Report

The London Metal Exchange (LME) plans to list Jeddah Islamic Port as a new delivery center for aluminum, joining existing centers in New York, Shanghai, and London, Al Eqtisadiah reported, citing familiar sources. The international exchanges' move, led by the LME, boosts Saudi Arabia's appeal...

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Business & Money | Monday 2 September, 2024 10:52 am

Department of Community Development - Abu Dhabi and Aldar Properties Conduct People of Determination and Elderly Beneficiary Journey Assessment inYas Island

The Department of Community Development - Abu Dhabi, the regulatory body for the social sector in the emirate, organized a People of Determination and Elderly Beneficiary Journey Assessment across facilities and services in Yas Island.  The trip was used to study and analyze the journey...

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Business & Money | Monday 2 September, 2024 10:40 am

Almatar Named Official Travel Partner for 24 Fintech in Riyadh

Travel Solutions by almatar group, a leading travel solutions provider, is proud to announce its official travel partner for 24 Fintech, one of the most anticipated financial technology events of the year. The event is set to take place from September 3-5, 2024, at the Riyadh Front Exhibition and...

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Business & Money | Monday 2 September, 2024 10:35 am

Ministry of Industry issues ‘factory developer consultant’ license to improve production efficiency

Saudi Arabia’s Ministry of Industry and Mineral Resources launched a “factory developer consultant” licensing service within the industrial consulting licenses, to develop industrial facilities and their business, improve their production efficiency, and benefiting from the experience of...

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Business & Money | Monday 2 September, 2024 10:32 am

Meyar purchases new trucks for SAR 1.5M

Meyar Co. bought five new trucks (concrete mixers) for SAR 1.52 million (VAT inclusive, after signing a purchase contract with SANY International Development Trading Co. aimed at developing supply chains and efficiency ramp-up. In a statement to Tadawul today, Sept. 1, the company stated that...

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Business & Money | Monday 2 September, 2024 10:15 am

Riyadh Development Company Signs Acquisition Agreement for Two Real Estate Assets Worth SAR 1.4 Billion

Riyadh Development Company has announced the signing of a subscription and acquisition agreement with Remat Al-Riyadh Development Company today. The agreement involves the acquisition of two plots of land valued at SAR 1.4 billion through a capital increase in exchange for issuing new shares in...

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Government | Monday 2 September, 2024 8:52 am

Minister of Industry and Mineral Resources Begins Official Visit to Singapore

Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef begins today an official visit to the Republic of Singapore.The visit aims to strengthen industrial cooperation between the two countries, explore opportunities in automation and smart manufacturing solutions, and advance...

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Business & Money | Monday 2 September, 2024 8:25 am

Al Akaria’s Binyah wins SAR 660.4M Green Riyadh project

Saudi Real Estate Infrastructure Co. (Binyah), a subsidiary of Saudi Real Estate Co. (Al Akaria), was awarded the "Treated Water Network for the Green Riyadh Program—Package 11" project by the Royal Commission for Riyadh City (RCRC), at nearly SAR 660.36 million, including VAT. In a...

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Business & Money | Sunday 1 September, 2024 11:46 am

AED1.1 billion Islamic Treasury Sukuk issued for August 2024

The Ministry of Finance, as the issuing authority, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, announced the results of the AED1.1 billion Islamic Treasury Sukuk (T-Sukuk) Auction, which is part of the Islamic T-Sukuk issuance programme for August 2024 ...

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