The Tourism Development Fund TDF, the national enabler of the tourism sector, organized the demo day and the accompanying exhibition for the graduates of the first cohort of the "TDF Grow Accelerator" program in KAFD Conference Center in Riyadh. The event was attended by a crowd of investment...
World Travel Market London is focussing this year’s Technology Track sessions around how sellers and suppliers of travel can address the ongoing headaches travellers face when they search, shop, book and pay for their trip. Technology sessions are timetabled across the three days of this...
The brand marks the issuance of the first corporate Sukuk in Qatari Riyal Doha — Estithmar Holding QPSC is pleased to announce the successful issuance of a QAR 500 million Sukuk, the first corporate Sukuk denominated in Qatari Riyal. This issuance is the inaugural tranche of its QAR 3.4...
Salik Company, Dubai’s exclusive toll gate operator, has announced the combined valuation of the two new toll gates at Business Bay and Al Safa South. These two new gates have been valued at a total of AED2,734 million, with the Business Bay Gate valued at AED2,265 million and the Al Safa South...
DP World announced that it has secured validation from the Science Based Targets initiative (SBTi) for its ambitious commitment to reduce its carbon footprint. The SBTi is a world leading authority in advancing private sector progress to reduce GHG emissions, helping prevent the impacts of...
ADNOC announced today the deployment of an industry-leading artificial intelligence (AI)-enabled process optimisation technology. Neuron 5, developed by ADNOC, has been initially deployed at ADNOC Onshore’s Northeast Bab (NEB) field and ADNOC Gas’s Taweelah gas compression plant, across...
Al Ghurair Foods today marked the groundbreaking of its new state-of-the-art Corn Starch Manufacturing Plant at Khalifa Economic Zones Abu Dhabi (KEZAD). This facility, a first of its kind in the region, represents a significant stride in enhancing local food production capacity and contributing to ...
Serdar Berdimuhamedov, President of the Republic of Turkmenistan, received yesterday Saeed Mohammed Al Tayer, Chairman of the Board of Dragon Oil, fully owned by the Government of Dubai, at the Presidential Palace in Ashgabat. The Turkmen President welcomed Al Tayer to Turkmenistan, and...
The Public Investment Fund (PIF) obtained a $15 billion revolving credit facility for general corporate purposes. This replaces the previous $15 billion (SAR 56.25 billion) revolving credit facility agreed in 2021. In an emailed statement to Argaam the Kingdom’s sovereign wealth fund said...
For the second year in a row, Almarai has been recognized as the fourth most valuable dairy company globally for 2024 by Brand Finance, the industry leader in brand valuation. This ranking followed a 16% yearly increase in the value of the Almarai brand, which reached $3.9 billion, as per Brand...