Business & Money | Thursday 4 July, 2024 10:01 am

Dar Almarkabah inks SAR 24M contract with Investment Ministry

Dar Almarkabah for Renting Cars Co. signed, on July 3, a car rental services contract with the Ministry of Investment, at a total value of SAR 24 million (including VAT). In a statement to Tadawul, the company said that the deal covers providing...

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Business & Money | Thursday 4 July, 2024 9:58 am

BinDawood, Regional Group ink MoU for franchise rights in Qatar

BinDawood Holding Co. signed a non-binding memorandum of understanding (MoU) with Regional Group Co., granting it commercial franchise rights to open eight BinDawood branches in Qatar. In a statement to Tadawul, the company said that the MoU has a duration of 12 months, expecting a...

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Business & Money | Thursday 4 July, 2024 9:48 am

PCFC announces launch of the Laboratory Information Management System (LIMS) for the EHS Central Laboratory

The Ports, Customs, and Free Zone Corporation, represented by the Planning and Development Department - Trakhees, has announced the launch of the Laboratory Information Management System (LIMS) at the central laboratory for Environment, Health, and Safety Department within the corporation. This...

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Business & Money | Thursday 4 July, 2024 9:38 am

MAG Partners with MANTRA to Tokenize $500 Million in Assets, Marking a UAE Milestone for Real Estate

 In a significant move in the global tokenized real world asset sector, MAG, a leading real estate developer in the UAE, announced a major partnership today with MANTRA, the Institutional-grade Layer 1 blockchain for tokenized RWAs, which will see the tokenization of half a billion US...

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Business & Money | Wednesday 3 July, 2024 10:13 am

Al Jouf Cement, Suleiman bin Saleh Almohileb sign 2 contracts worth SAR 101.8M

Al Jouf Cement Co. signed yesterday, July 2, two contracts worth more than SAR 101.8 million with Suleiman bin Saleh Almohileb and his Sons Holding Co. (a related party). The two contracts are expected to have a positive financial impact on the company’s financials as of Q3 2024, Al...

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Business & Money | Wednesday 3 July, 2024 10:10 am

Sumou inks SAR 1.3B infrastructure development contract

Sumou Real Estate Co. signed, on July 2, a contract with Jubail and Yanbu Industrial Cities Services Co. (JABEEN) to develop primary and secondary infrastructure works in addition to designing and constructing 1,104 residential units in Yanbu Industrial City, according to a statement to...

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Business & Money | Wednesday 3 July, 2024 10:08 am

M42 and Abu Dhabi Quality and Conformity Council launch UAE’s first Honey Quality Laboratory

 M42, in partnership with the Abu Dhabi Quality and Conformity Council (ADQCC), has launched the UAE’s first and only fully equipped honey testing laboratory at the Central Testing Laboratory (CTL). This state-of-the-art facility, Honey Quality Laboratory, is supported by M42’s...

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Business & Money | Wednesday 3 July, 2024 10:02 am

Sir Martin Sorrell, WPP founder, to headline this year’s Athar Festival speaker lineup

Athar - Saudi Festival of Creativity, the Kingdom's first and largest gathering of the creative marketing industry, made a significant impact last year with its lineup of distinguished speakers, curated programmes, and bespoke industry initiatives. The festival attracted many of the industry’s...

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Business & Money | Wednesday 3 July, 2024 9:56 am

Dubai Free Zones Council Emphasizes the Role of Technology in Enhancing Transaction Safety and Attracting Foreign Investments

The Dubai Free Zones Council, in its 27th meeting headed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council, highlighted that, under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of...

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Business & Money | Wednesday 3 July, 2024 9:51 am

Folk Maritime signs MoU with Bahri Ship Management to collaborate on technical ship management and crewing of vessels under Saudi Arabia flag

 Folk Maritime Services Company, a PIF company and one of the region’s leading feeder and short-sea services provider, has signed a strategic memorandum of understanding with Bahri Ship Management, a business unit of Bahri, The National Shipping Company of Saudi Arabia and a global leader in ...

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