Business & Money | Monday 16 September, 2024 8:51 am

Naseej Tech awarded SAR 13.8M contract with NELC

Naseej for Technology Co. (Naseej Tech) was awarded a SAR 13.8 million contract, including value-added tax (VAT), with National eLearning Center (NELC). According to a statement to Tadawul, the documents were completed on Sept. 15, 2024. The project aims to build short university programs ...

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Business & Money | Monday 16 September, 2024 8:51 am

SMEs account for 90% of Saudi industrial sector: Minister

The industrial base in most countries consists of small and medium enterprises (SMEs), Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said during an interview at Monshaat Support Council in Riyadh. He added that SMEs dominate 90% of the industrial sector in Saudi...

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Environment & Energy | Monday 16 September, 2024 8:46 am

Maaden signs SPSA to take over Maaden Bauxite, Maaden Aluminium

Saudi Arabian Mining Co. (Maaden) signed today, Sept. 15, a share purchase and subscription agreement (SPSA) with Alcoa Corporation (guarantor), AWA Saudi Limited (first seller) and Alcoa Saudi Smelting Inversiones S.L. (second seller), according to a Tadawul filing. Under the deal, Maaden...

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Business & Money | Monday 16 September, 2024 8:45 am

Ministry of Industry aims to cut new project costs in Saudi Arabia

Bandar Alkhorayef, Minister of Industry and Mineral Resources, said that opening a factory in Saudi Arabia is now easier than opening a restaurant, thanks to the facilitated procedures.   In his speech today at the SME's Support Center, Alkhorayef explained that the...

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Environment & Energy | Monday 16 September, 2024 8:40 am

TAQA Announces New Unified Customer Facing Distribution Company and Launches New Brands for its Group Companies

Abu Dhabi National Energy Company (“TAQA”), one of the largest listed integrated utility companies in Europe, the Middle East and Africa (EMEA), announced today a new brand identity for its group of companies. The move is a milestone in the transformation and growth of TAQA and underpins the...

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Beauty & Style | Sunday 15 September, 2024 11:55 am

"Jazeera Paints" Held the Second Edition of "INJZ" Seminar in Khobar

Following a remarkable success, “Jazeera Paints”, the leading company in the industry of paints, colors and construction solutions in KSA and MENA, recently organized the second edition of the "INJZ" seminar in Khobar. The event brought together a select group of experts, specialists, and...

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Technology & IT | Sunday 15 September, 2024 10:56 am

HONOR Announces the Official Availability of the Thinnest & Lightest AI Foldable Smartphone HONOR Magic V3

Global technology brand HONOR announced the availability of the highly anticipated HONOR Magic V3, the latest innovation in the foldable smartphone market. Following a tremendously successful pre-order campaign, the HONOR Magic V3 is now available to consumers in KSA.  This revolutionary...

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Business & Money | Sunday 15 September, 2024 9:32 am

ADGM grants PGIM Financial Services Permission

PGIM, the global investment management business of Prudential Financial, Inc., has received Financial Services Permission (FSP) to operate in Abu Dhabi Global Market (ADGM) and has opened a new office in Abu Dhabi, located in the city’s financial district. Establishing its local entity marks ...

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Business & Money | Sunday 15 September, 2024 9:31 am

Ajman real estate transactions reach AED1.57 billion in August

Omar bin Omair Al Muhairi, Director-General of Ajman's Department of Lands and Real Estate Regulation, said that the total number of real estate transactions in the emirate reached 1,264 in August with a total value of over AED1.57 billion.The total trading volume amounted to AED950 million from...

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Business & Money | Sunday 15 September, 2024 9:29 am

Moody’s forecasts Islamic finance to outpace conventional banking in GCC

Moody's Ratings has forecast that the profitability of Islamic banks in Gulf Cooperation Council (GCC) countries will remain strong over the next 12 to 18 months. In its report today, the agency attributed the strong profitability of Gulf Islamic banks to robust commercial activity driven by...

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