Business & Money | Friday 15 November, 2024 12:07 am

RIKAZ Participates in the Cityscape Global Exhibition and Signs Agreements in the Hospitality Sector Worth Approximately SAR 440 million

RIKAZ, a leader in real estate development, is participating in the Cityscape Global exhibition, which will be held from November 11 to 14 at the Riyadh Exhibition and Conference Center in Malham, north of the capital, under the theme "Future of Life". In its vast exhibition booth, spanning...

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Business & Money | Friday 15 November, 2024 12:04 am

KASCO Developments brings a new standard in wellness-centric Dubai residential spaces with ONDA

KASCO Developments – the latest venture of the KASCO Group – has successfully launched ONDA, its newest residential project located in the vibrant Business Bay district of Dubai. With an investment exceeding AED 500 million, ONDA is set to redefine urban living by prioritising wellness and...

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Business & Money | Thursday 14 November, 2024 10:57 am

Ferrero Group Launches the First-Ever "Kinder Joy of Moving" Program in the UAE to Promote Active Lifestyles for Children

For the UAE launch, the Group joined forces with acclaimed private international schools Al Mawakeb Schools  Dubai, UAE  – Ferrero Group is excited to announce the official launch of its renowned Kinder Joy of Moving program in the UAE this September 2024. In collaboration with Al...

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Technology & IT | Thursday 14 November, 2024 10:31 am

HONOR Magic V3 Ranked Among TIME's "Best Inventions of 2024"

TIME magazine has named the HONOR Magic V3 as one of the Best Inventions of 2024, in a list that features 200 groundbreaking innovations redefining daily life across a variety of fields, from healthcare and artificial intelligence to clean energy. This recognition reflects HONOR’s achievement in...

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Business & Money | Thursday 14 November, 2024 10:09 am

PIF sells 2% stake in stc for SAR 38.6/share

The Public Investment Fund (PIF) announced the completion of an accelerated bookbuild offering to sell the fund’s stake of 2% in stc, according to a statement by Goldman Sachs Saudi Arabia and SNB Capital, joint global coordinators and joint bookrunners. The final selling price was set at...

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Business & Money | Thursday 14 November, 2024 10:07 am

UAE demonstrates its leadership in spearheading climate action: Al Dahak

Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and the Environment, affirmed that the UAE, under the guidance of its wise leadership, has demonstrated its leadership in driving climate action. This was particularly evident when the UAE hosted the COP28 last year and produced the...

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Business & Money | Thursday 14 November, 2024 10:03 am

Sharjah hosts UAE-Thailand Business Forum to enhance investment prospects, establish new strategic partnerships

The Sharjah Chamber of Commerce and Industry (SCCI) hosted the UAE-Thailand Business Forum to mark a high-level delegation visit from the Thai Chamber of Commerce and Industry.The Thai delegation featured prominent economic figures from major companies specialising in food manufacturing, logistics, ...

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Business & Money | Thursday 14 November, 2024 10:00 am

ADNOC L&S Q3 net profit up 18% YoY to AED643 million

ADNOC Logistics and Services plc (ADNOC L&S) today announced its third quarter and first nine months (9M) 2024 financial results. The revenue for the nine months 2024 was $2,668 million (AED9,798 million), up 38% compared to 9M 2023. EBITDA rose by 37% to $867 million (AED3,184 million) in ...

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Business & Money | Thursday 14 November, 2024 9:58 am

Pipetec Solutions Manufacturing to set up AED100m plant in KEZAD

Khalifa Economic Zones Abu Dhabi – KEZAD Group and UAE-based Pipetec Solutions Manufacturing have signed a 50-year land lease agreement for the establishment of their state-of-the-art steel pipe bending plant in KEZAD A (KEZAD Al Ma’mourah) to serve clients across a number of...

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Business & Money | Thursday 14 November, 2024 9:53 am

Red Sea subsidiary renews SAR 238M credit facility with Riyad Bank

Red Sea International Co.’s subsidiary, Fundamental Installation for Electric Work Co. (First Fix), renewed a three-year Shariah-compliant credit facility with Riyad Bank for SAR 237.88 million, effective Aug. 6, 2024, according to a Tadawul statement. This renewal follows the previous...

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