Tourism & Hospitality | Monday 21 October, 2024 11:14 am

DoubleTree by Hilton Dubai M Square Hotel & Residences Hosts Successful Underwater and Shoreline Cleanup in Celebration of Hilton’s Travel with Purpose Week

As part of Hilton’s ongoing commitment to sustainability and its Travel with Purpose Week celebration, DoubleTree by Hilton Dubai M Square Hotel & Residences proudly partnered with Dubai Municipality and the Filipino Scuba Divers Club for a significant environmental initiative. The hotel team ...

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Business & Money | Monday 21 October, 2024 10:06 am

CBUAE advances cross-border open finance interoperability with 'Project Aperta'

The Central Bank of the UAE (CBUAE) announced its collaboration on a significant initiative titled ‘Project Aperta’ that aims to connect open finance infrastructures of multiple jurisdictions to advance the UAE’s cross-border interoperability for financial institutions and businesses through...

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Business & Money | Monday 21 October, 2024 10:01 am

Moro Hub becomes new VMware Cloud service provider

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority, today announced the company is now a VMware Cloud Service Provider (VCSP) and a Pinnacle tier partner in the Broadcom Advantage Partner Programme for the UAE market to help enterprise customers to...

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Business & Money | Monday 21 October, 2024 9:59 am

Mohamed Al Hussaini, Azerbaijan's finance minister discuss financial cooperation

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met with Samir Sharifov, Minister of Finance of the Republic of Azerbaijan, at the Ministry of Finance's (MoF) office in Dubai to discuss enhancing cooperation in the financial sector and other areas of mutual interest. The...

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Business & Money | Monday 21 October, 2024 9:57 am

Amna Al Dahak champions green growth, international collaboration during four-day visit to Korea

Dr. Amna bint Abdullah Al Dahak Al Shamsi, Minister of Climate Change and the Environment, concluded a successful visit to the Republic of Korea from 16th-19th October, 2024, leading a delegation of officials from the UAE. The visit underscored the UAE's commitment to advancing global green...

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Business & Money | Monday 21 October, 2024 9:53 am

Osool & Bakheet renews SAR 50M Shariah-compliant loan with BSF

Osool & Bakheet Investment Co. renewed a SAR 50 million Shariah-compliant loan agreement with Banque Saudi Fransi (BSF), according to a statement to Tadawul. The credit facility, which was secured on Aug. 7, 2024, with a maturity date on Aug. 6, 2025, was guaranteed by a promissory note...

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Business & Money | Monday 21 October, 2024 9:52 am

Neft Alsharq signs SAR 2.6M contract to supply goods

Neft Alsharq Company for Chemical Industries signed a contract with the First Circle Capital Co. to supply engine oils to an African country for $685,200 (or SAR 2.57 million). The company said in a statement on Tadawul that the 60-day contract started from the signing date, indicating...

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Business & Money | Monday 21 October, 2024 9:43 am

View inks SAR 17.83M credit facility agreement with Al Rajhi Bank

View United Real Estate Development Co. signed a Shariah-compliant credit facility agreement with Al Rajhi Bank at SAR 17.83 million, according to a statement to Tadawul. The 24-month credit facility term will be utilized to finance 66% of the cost of land purchased in Al-Nargis district,...

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Business & Money | Monday 21 October, 2024 9:41 am

Al Yamamah Steel inks SAR 309M supply contracts

Al Yamamah Steel Industries Co. signed, on Oct. 20, a one-year contract with Larsen & Toubro Saudi Arabia (L&T) for SAR 170.5 million, according to a statement to Tadawul. Under the contract, Al Yamamah Steel will provide L&T with steel towers for the construction of a 500 KV...

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Business & Money | Monday 21 October, 2024 9:33 am

Aramco’s CEO calls for new energy transition plan with focus on Asia

Aramco President & CEO, Amin Nasser, called for a new energy transition plan that considers the needs of all countries, specifically those in Asia and the broader Global South. A Transition Plan 2.0 was necessary to account for the Asian continent’s crucial role on the global stage, its...

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