Business & Money | Friday 5 April, 2024 1:07 am

Riyad Bank says Riyad Capital IPO ‘under assessment’

Riyad Bank’s board of directors approved on April 3 to start assessment and preparation of a possible initial public offering (IPO) of its subsidiary, Riyad Capital for listing on the Saudi Exchange (Tadawul), according to a statement to Tadawul.   Riyad Bank and Riyad Capital ...

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Business & Money | Friday 5 April, 2024 12:04 am

Saudi Electricity redeems $1.5B sukuk due on April 8

Saudi Electricity Co. (SEC) fully redeemed its $1.5 billion international sukuk due on April 8, 2024, listed on Irish Stock Exchange (Euronext Dublin), issued on April 8, 2014.   In a statement to Tadawul, the company said 7,500 sukuk were redeemed at a par value of...

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Business & Money | Thursday 4 April, 2024 12:17 pm

Capital.com opens new regional head office in UAE under #NextGenFDI initiative

Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed USD$1 trillion in 2023, has announced that it is joining the UAE’s #NextGenFDI initiative for digitally-enabled businesses as it opens a new subsidiary, Capital Com MENA Securities Trading LLC...

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Business & Money | Thursday 4 April, 2024 12:16 pm

UAE AML/CFT Partnership Forum Digital Work Group publishes white paper on technologies in anti-financial crime

Hamid AlZaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF), was presented with the first copy of the white paper "Current views on technologies in anti-financial crime" during the EO AML/CTF Ramadan event, published by the UAE...

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Business & Money | Thursday 4 April, 2024 12:11 pm

Masdar to host World Future Energy Summit on 16th April

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, is gearing up to host the World Future Energy Summit (WFES). Taking place from 16th to 18th April at Abu Dhabi National Exhibition Centre (ADNEC), WFES is the world’s leading business event for future...

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Business & Money | Thursday 4 April, 2024 11:44 am

Moody's upgrades ADIB’s Baseline Credit Assessment

Abu Dhabi Islamic Bank (ADIB) received an upgrade to its Baseline Credit Assessment (BCA) from Moody's as the ratings agency affirmed ADIB’s credit ratings, indicating continued stability and improvement in the bank's financial health. The upgrade in ADIB's BCA is attributed to the bank's...

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Business & Money | Thursday 4 April, 2024 11:21 am

STC Bank launches in Beta supported by SAMA

Today stc pay was given formal approval from the Saudi Central Bank (SAMA) to move to the next phase of its transformation journey into STC Bank. This beta launch is limited to preselected customers and is a preparation for a full public launch later in the year. This step is supported by SAMA,...

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Business & Money | Thursday 4 April, 2024 11:20 am

DUBAI SOUTH AWARDS AED 1.5 BILLION CONTRACT TO AL KHARAFI CONSTRUCTION FOR SOUTH BAY NEW PHASES

Following increased demand from investors and buyers to own a unit at South Bay, Dubai South Properties’ unique development, and the sell-out of the limited inventory that was released before, the developer has expedited the launch of the project’s phases, launching phase four. The company also ...

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Business & Money | Thursday 4 April, 2024 11:18 am

Salik advises customers to stay vigilant of scam emails and social media posts, and clone websites

Salik Company P.J.S.C., the exclusive toll gate operator of the Emirate of Dubai, has advised customers to remain vigilant against clone websites, fraudulent emails, and social media scams that falsely carry Salik’s name and label, urging them to rely exclusively on official websites and...

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Business & Money | Thursday 4 April, 2024 11:13 am

RIYADH AIR’S FIRST INTAKE OF SAUDI FEMALE TRAINEE AIRCRAFT ENGINEERS COMMENCE THEIR DIPLOMA COURSE

Riyadh Air, the new national airline of the Kingdom of Saudi Arabia, has taken another significant step on its road to its first flight in 2025 with the first intake of 27 pioneering females who commenced their 30-month diploma course on their path to become certified aircraft engineering...

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