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...

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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...

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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...

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Business & Money | Sunday 23 March, 2025 9:57 am

Under the Patronage of the Minister of Human Resources and Social Development Social Development Bank Signs Two Cooperation Agreements in the Makkah Region

His Excellency Eng. Ahmed bin Sulaiman Al-Rajhi, Minister of Human Resources and Social Development and Chairman of the Board of Directors of the Social Development Bank (SDB), sponsored the signing of development agreements during his visit to the Makkah region. The visit included a series of...

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Business & Money | Sunday 23 March, 2025 9:44 am

Emirates NBD recognized as the “Best Foreign Bank in KSA”

Emirates NBD, the leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has been named been named the “Best Foreign Bank in Saudi Arabia” at the prestigious EMEA Finance Middle East Banking Awards 2024 Held on 26 February 2025, at the Sheraton Grand Hotel in...

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Business & Money | Sunday 23 March, 2025 9:36 am

Survey: 78% of insurance execs say closing $1.8 trillion protection gap is an ethical obligation

The global protection gap – the difference between insured and uninsured losses across life, health, natural catastrophe and crop insurance – was last estimated at $1.8 trillion. A new “future of insurance” survey of more than 500 insurance executives from 17 countries by...

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Business & Money | Saturday 22 March, 2025 6:02 pm

Jabal Omar sells land plot in Makkah project at SAR 1.1B

Jabal Omar Development Co. announced today, March 20, signing a contract to sell a 6,001-square-meter land plot within its Makkah-based project for SAR 1.14 billion, with the buyer bearing the real estate transaction tax and brokerage fees.   In a statement to Tadawul, the company...

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Business & Money | Saturday 22 March, 2025 5:58 pm

GACA classifies air carriers, airports in February

The General Authority of Civil Aviation (GACA) issued an index for the classification of air transport service providers and airports based on the number of complaints filed by travelers to the authority in February 2025.   The total number of complaints submitted by passengers...

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Business & Money | Saturday 22 March, 2025 5:56 pm

IA studies cancelling medical approvals: CEO

The Insurance Authority (IA) and other relevant entities and experts, are studying to cancel approvals for health insurance services. This move aims to make it easier for beneficiaries and avoid late approvals, Alriyadh newspaper reported, citing CEO Naji Al-Tamimi.   There are some...

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Government | Saturday 22 March, 2025 5:53 pm

ZATCA sets criteria for target taxpayers in Wave 22 of e-invoicing

Zakat, Tax and Customs Authority (ZATCA) determined the criteria for selecting the target taxpayers in Wave 22 for implementing the "integration phase" of e-invoicing.   In a statement, the authority clarified that this wave included all taxpayers whose revenues subject to VAT...

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