Business & Money | Thursday 12 September, 2024 9:34 am

Riyadh to Host Global PropTech Summit in October

The Real Estate General Authority (REGA) will host the inaugural Global PropTech Summit in Riyadh in October. The event will be held under the patronage of Minister of Municipalities and Housing and REGA Board of Directors Chairman Majed Al-Hogail. The National Housing Company (NHC) will serve as a ...

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Business & Money | Sunday 20 October, 2024 10:51 am

PIF’s Ayar eyes new Lucid shares for SAR 1.3B

Ayar Third Investment Co., an affiliate of the Public Investment Fund (PIF), intends to buy new shares from US automaker Lucid Group in a separate private deal, Bloomberg reported. Lucid seeks to raise new funding from selling 676.5 million shares in a public offering, private placement, and...

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Business & Money | Sunday 20 October, 2024 10:45 am

APICO renews SAR 102.5M facilities agreement with SAIB

Arabian Plastic Industrial Co. (APICO) renewed a SAR 102.5 million facilities agreement with The Saudi Investment Bank (SAIB). According to a statement on Tadawul, the renewed banking facilities included a working capital facility limit of SAR 47 million for a tenure of 12 months. They...

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Business & Money | Sunday 20 October, 2024 10:43 am

First Avenue pens SAR 75M contract to complete office complex in Riyadh

First Avenue Real Estate Development Co. signed an agreement worth SAR 75 million with Alidara Real Estate Co. to finalize the development and implementation of an office complex project in Riyadh. In a Tadawul statement, the company said the 20-month project is located in Qurtubah district on ...

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Business & Money | Sunday 20 October, 2024 10:40 am

solutions establishes Amana Tech in partnership with Jedco

Arabian Internet and Communications Services Co. (solutions) announced on Oct. 17 that Amana Tech Co. for Business Solutions was established in partnership with Jeddah Development and Urban Regeneration Co. (JDURC), which is owned by the Jeddah Municipality. The company explained in a...

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Business & Money | Sunday 20 October, 2024 10:35 am

MBC Group pays off SAR 497.3M loan

MBC Group Co. announced the full repayment of a SAR 497.25 million loan owed to Istedamah Holding Co., pursuant to the loan agreement dated Oct. 6, 2022, and amended on July 6, 2023, as disclosed in the prospectus. In a statement to Tadawul, the group said that the repayment was done from the...

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Business & Money | Sunday 20 October, 2024 10:27 am

Emirati Human Resources Development Council and Dubai Customs Sign Strategic MoU to Boost Emiratisation in the Private Sector at GITEX Global 2024

In a step towards promoting Emiratisation in the private sector, particularly in logistics, the Emirati Human Resources Development Council (EHRDC) and Dubai Customs have signed a Memorandum of Understanding (MoU) during GITEX Global 2024. This collaboration aims to enhance employment opportunities ...

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Business & Money | Sunday 20 October, 2024 10:08 am

du and DET unveil partnership to fuel start-up growth integration with DUL

du, the leading telecom and digital services provider, today announced a strategic partnership with Dubai Economy and Tourism (DET) to launch an unparalleled initiative aimed at powering the growth of startups, freelancers, and SMEs. du will be integrate into the digital 'Dubai Unified Licence...

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Business & Money | Sunday 20 October, 2024 10:02 am

Ericsson and e& international sign AI MoU to explore Autonomous Networks

Ericsson (NASDAQ: ERIC) and e& international today announce the signing of a Memorandum of Understanding (MoU) at GITEX Global 2024 to transform its mobile networks by exploring the potential of autonomous networks, furthering e&'s commitment to responsible deployment of Artificial...

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Business & Money | Sunday 20 October, 2024 9:51 am

RAKEZ hosts social media mastery workshop for community business growth

Ras Al Khaimah Economic Zone (RAKEZ) hosted a workshop ‘Harnessing the power of social media for business growth’, packed with tools to help its business community members enhance their digital marketing strategies. The event provided practical tips for effectively utilising social media...

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Business & Money | Sunday 20 October, 2024 9:43 am

Bahri Signs Murabaha Financing Agreement with Alinma Bank

Bahri, the National Shipping Company of Saudi Arabia and a global leader in maritime transportation and logistics, signed a landmark Murabaha Financing Agreement with Alinma Bank to secure financing to support its fleet modernization program.  Mr. Basil Abulhamayel, Chief Financial...

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