Business & Money | Monday 24 March, 2025 10:59 am

Cenomi Centers’ EGM approves SAR 3.75B sukuk issue

Arabian Centres Co.’s (Cenomi Centers) extraordinary general meeting (EGM) approved, on March 23, authorizing the company to offer one or more issuances of Shariah-compliant sukuk certificates of up to SAR 3.75 billion or equivalent amount in any other currencies as may be determined by the board ...

More Details

Business & Money | Monday 24 March, 2025 10:54 am

Saudi German Health sells land plot for SAR 122M

Middle East Healthcare Co. (Saudi German Health) completed the sale of a 4,000-square meter land plot, in the Al-Sahafa district, Riyadh, for SAR 122 million, exclusive of real estate transaction tax. In a Tadawul statement, the company said the buyers are Al-Lujain Architectural Company for...

More Details

Business & Money | Monday 24 March, 2025 10:13 am

Inforte acquires Shifra, aiming for leadership in cybersecurity distribution in META

Inforte announced that it will strengthen its regional presence by acquiring Shifra, a leading value-added cybersecurity distributor in the Middle East and Africa. Through this strategic acquisition, Inforte will carry over its expertise in the Turkish market to these regions, while gaining the...

More Details

Culture & Education | Sunday 23 March, 2025 1:11 pm

Solitaire Riyadh welcomes Saudi art and champions creativity this Ramadan and beyond

The new luxury lifestyle space has transformed into an art destination, with a heartwarming Ramadan installation and immersive gallery reinventing the art-buying experience Cementing its position as more than a luxury retail space, but a world where retail, dining, wellness, entertainment and...

More Details

Business & Money | Sunday 23 March, 2025 10:13 am

SASCO opens 5 new stations in Riyadh, Madinah

Saudi Automotive Services Co. (SASCO) opened five new stations in Riyadh, and Madinah. Four stations are located in Al-Narjis, Al-Rabie, Tuwaiq and Imam Abdullah bin Saud Road in Riyadh, while one is situated in Al-Sadd district, Madinah, SASCO said on X. ...

More Details

Business & Money | Sunday 23 March, 2025 10:12 am

Decarbonised desalination key pillar of UAE national strategy: Amna Al Dahak

Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, has reaffirmed the UAE’s dedication to sustainable water management and global water security in a statement marking World Water Day. Highlighting the urgent need for action, Dr. Amna said, “On this World Water...

More Details

Business & Money | Sunday 23 March, 2025 10:10 am

DEWA’s general assembly approves dividend payment of AED3.1 billion to shareholders for H2 of 2024

Dubai Electricity and Water Authority (DEWA) reported that its shareholders have, in the general assembly held today, approved the payment of total dividend of AED3.1 billion for H2 of 2024, with a record date of 31st March 2025. The meeting, chaired by Matar Humaid Al Tayer, Chairman of the...

More Details

Business & Money | Sunday 23 March, 2025 10:08 am

Emirates Islamic issues US$750 million Senior Unsecured Sukuk

Emirates Islamic has successfully issued a US$750 million Senior Unsecured Sukuk on 18th March 2025. The Sukuk attracted a very strong order book in excess of $1.6 billion, resulting in a 2.1 times oversubscription rate. The strong investor demand allowed the Bank to tighten the spread by 30...

More Details

Business & Money | Sunday 23 March, 2025 10:06 am

World Franchise Council recognises Emirates Franchise as approved entity

The Emirates Franchise Association has been officially recognised by the World Franchise Council (WFC) as the approved Franchise Association in the UAE. This achievement strengthens its global partnerships and reinforces its role in the franchising sector. The acknowledgement follows the...

More Details

Business & Money | Sunday 23 March, 2025 9:59 am

UAE, China strengthen cooperation in nuclear regulation

The Federal Authority for Nuclear Regulation (FANR) welcomed a high-level Chinese delegation at its headquarters in Abu Dhabi, led by Dong Baotong, Vice Minister of the Ministry of Ecology and Environment and Administrator of the National Nuclear Safety Administration (NNSA) of China. Dong...

More Details