Business & Money | Sunday 21 July, 2024 10:53 am

PIF offers to up stake in Selfridges to 50%: Report

The Public Investment Fund (PIF) has made an offer to raise its stake in Selfridges to 50%, according to documents seen by Bloomberg News.The Kingdom’s sovereign wealth fund already owns a 10% share in the Selfridges properties and has offered to buy the remaining 40% stake for a cash price...

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Tourism & Hospitality | Sunday 21 July, 2024 10:51 am

Emirates reports no impact on flight operations amid global IT disruption

An Emirates spokesperson confirmed that there has been no impact on Emirates’ flight operations. In a statement on Friday, the spokesperson said, “We are aware of the global IT disruption and are monitoring the situation closely. At this time, there has been no impact on Emirates’ flight ...

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Business & Money | Sunday 21 July, 2024 10:42 am

Alandalus constructs commercial center in Makkah for SAR 831 million including land value

Alandalus Property Co. began construction of a qualitative commercial center in Makkah, at a total estimated cost of SAR 831 million including the value of land. In a statement to Tadawul, the company said that the project will be financed mainly by bank loans through the project company, and...

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Technology & IT | Sunday 21 July, 2024 10:41 am

HONOR Launches Snapchat Lens to Showcase Mesmerizing Portrait Photography of HONOR 200 Series

Explore the innovative 50MP Triple Studio-level AI Portrait Camera and AI Portrait features of the HONOR 200 Series through an immersive Snapchat experience and exclusive pop-up events. Global technology brand HONOR is thrilled to announce the release of a custom Snapchat Lens for the launch...

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Business & Money | Sunday 21 July, 2024 10:37 am

Budget Saudi completes acquisition of AutoWorld

United International Transportation Co. (Budget Saudi) announced completing the acquisition of Al Jazira Equipment Co. (AutoWorld) through Aljozoor Alrasekha Trucking Co. (Rahaal), its wholly owned subsidiary, according to a statement to Tadawul.  Budget Saudi completed the...

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Tourism & Hospitality | Sunday 21 July, 2024 10:37 am

flydubai celebrates its third anniversary of operations to Salzburg

flydubai, the Dubai-based carrier, celebrated its third anniversary of operations to Salzburg, Austria. flydubai was the first national carrier in the UAE to operate direct flights between Dubai and Salzburg with its inaugural flight landing at Wolfgang Amadeus Mozart Airport (SZG) on 15th...

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Environment & Energy | Sunday 21 July, 2024 10:35 am

Masdar raises $1 billion through second Green Bond to fund new global renewables projects

Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, today announced it has successfully raised US$1 billion through its second green bond issuance, under its Green Finance Framework. The announcement comes one year after the company’s first successful issuance of ...

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Business & Money | Sunday 21 July, 2024 10:19 am

Sure Global bags SAR 24M deal with Ministry of Tourism

Sure Global Tech Co. won a project worth SAR 23.97 million, including VAT, from the Ministry of Tourism for the expansion of the infrastructure devices in data centers, according to Tadawul statement. Under the two-year contract, the company aims to provide the ministry with the infrastructure ...

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Business & Money | Sunday 21 July, 2024 9:58 am

RAKBANK issues first ever public Social Bond in the GCC.

RAKBANK is pleased to announce the successful issuance of its 5-year Euro Medium-Term Note (EMTN) Bond under its Social Finance Framework. Given the very strong demand and investor interest, it was oversubscribed by more than 3X allowing us to upsize the issue to USD 600MM and tighten the pricing...

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Business & Money | Sunday 21 July, 2024 9:54 am

Akasa Air Commences Operations from Jeddah; and Strengthens Its Presence in the Kingdom of Saudi Arabia

Akasa Air, India's fastest-growing airline, commenced operations from Jeddah, connecting it with two prominent Indian cities – Mumbai and Ahmedabad with direct flights. The inaugural flight on 15th July 2024 departed Chhatrapati Shivaji Maharaj International Airport in Mumbai at 1935hrs IST...

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