Business & Money | Tuesday 10 October, 2023 10:02 am

Saudi Fund for Development Signs New $20 Million Development Loan Agreement to Construct and Equip Schools in Tajikistan

The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed today a new development loan agreement with the Minister of Finance of the Republic of Tajikistan, H.E. Kahhorzoda Fayziddin Sattor, through which SFD is contributing $20 million USD to fund the...

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Business & Money | Tuesday 10 October, 2023 9:40 am

Cisco Announces Plan for New Data Centers in Saudi Arabia for Webex Collaboration Platform – The First in the Region

Cisco today announced plans to establish data centers in the Kingdom of Saudi Arabia (KSA) to better serve customers using its collaboration platform, Webex. The data centers are scheduled to be operational in the second half of 2024. For his part, H.E. Vice Minister of Communications and ...

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Business & Money | Tuesday 10 October, 2023 9:21 am

Saudia Launches Recycling Initiative in Collaboration with PepsiCo

Saudia, the national flag carrier of Saudi Arabia and PepsiCo have signed a Memorandum of Understanding (MoU) to implement a  program that collects recyclable material onboard Saudia flights and divert them from landfill, as part of a long-term sustainability plan. The agreement follows the...

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Business & Money | Tuesday 10 October, 2023 9:17 am

Azizi Developments partners with Italian manufacturer Marazzi for Riviera’s fourth phase

Azizi Developments, a leading private developer in the UAE, has partnered with renowned Italian manufacturer Marazzi to bring an added touch of Italian craftsmanship and sophistication to the fourth phase of Azizi’s mega-project Riviera, situated in the heart of MBR City.  Marazzi is...

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Business & Money | Tuesday 10 October, 2023 8:55 am

Gulf Islamic Investments exits Amity School complex investment in a deal worth US$50 million

Gulf Islamic Investments Group (GII) has completed the private sale of its Amity School complex in Dubai for approximately US$50 million, the latest in a sequence of exits reinforcing GII’s position as an active asset manager for its global investors. GII, a UAE-based global alternative...

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Tourism & Hospitality | Monday 9 October, 2023 1:57 pm

IT’S BACK - BIGGER & BETTER THAN EVER! NEW DATES REVEALED FOR THE 29TH EDITION OF DUBAI SHOPPING FESTIVAL

Get ready for the highly anticipated return of Dubai Shopping Festival (DSF) - with organisers Dubai Festivals and Retail Establishment (DFRE) confirming new dates for the 29th annual edition. Running from 8 December, 2023 to 14 January, 2024, DSF will deliver an exceptional season of bigger,...

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Environment & Energy | Monday 9 October, 2023 11:08 am

Decarbonising Downstream up for discussion in Riyadh

In just one week’s time, leaders from the oil and gas downstream industry will gather in Riyadh, for the region’s only event dedicated to decarbonisation and sustainability from 16-18 October 2023. With the support of the Host Sponsor SABIC, ESF MENA – Middle East Energy &...

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Tourism & Hospitality | Monday 9 October, 2023 10:33 am

Il Baretto Riyadh honours Breast Cancer Awareness Month with special dessert in support of the Zahra Breast Cancer Association

The beloved Italian restaurant raises awareness year-round with its ‘Zahra’ dessert, with funds raised going towards the local Riyadh charity In honour of Breast Cancer Awareness Month and raising vital funds for a key local Saudi charity, Il Baretto Riyadh is highlighting its special...

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Business & Money | Monday 9 October, 2023 10:30 am

Big 5 Global returns for its 44th edition in Dubai bringing together 2,200+ exhibitors and 68,000+ attendees

Big 5 Global, the largest and most influential construction industry event in the Middle East, Africa and South Asia (MEASA) is set to take place at Dubai World Trade Centre from 4 – 7 December 2023. With registrations open for participants who wish to attend the annual gathering of the global...

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Business & Money | Monday 9 October, 2023 10:28 am

SHUAA Capital receives Board approval on Rights Issue to reposition itself for growth

SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced today its intention to increase its issued share capital through a Rights Issue following initial approval from the Board. The Rights Issue will be immediately preceded by ...

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