Business & Money | Monday 5 February, 2024 2:23 pm

MENA witnesses 48 IPOs raising US$10.7 billion in 2023

According to the EY MENA IPO Eye Q4 2023 report, MENA markets saw 48 initial public offerings (IPOs) in 2023, raising US$10.7b in total. Five listings, mainly in the energy and logistics sectors, contributed 58% towards the total IPO proceeds raised.  During Q4 2023, 19 IPOs raised...

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Business & Money | Monday 5 February, 2024 10:05 am

WGS 'Best Minister Award' celebrates inspiring leaders

The Best Minister Award, presented by the World Governments Summit (WGS) in its seventh edition, recognises the exceptional efforts of ministers at demonstrating excellence in the public sector, designing and implementing successful, scalable and sustainable initiatives for socio-economic...

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Business & Money | Monday 5 February, 2024 9:59 am

CBUAE launches 5th cohort of Executive Certificate for Risk-Based Supervision Professionals

The Central Bank of the UAE (CBUAE) has launched the fifth round of the Executive Certificate for Risk-Based Supervision Professionals. The programme aims to qualify and enhance the skills of supervisors to enable them to identify potential risks and limit their repercussions on the financial...

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Business & Money | Monday 5 February, 2024 9:56 am

Alkhorayef Water wins SAR 82.1M contract from SWCC

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded on Feb. 4 a SAR 82.1 million contract for operating and maintaining the first water treatment plant in Buraydah and the fourth water treatment plant in Riyadh Al Khabra by Saline Water Conversion Corporation (SWCC).   In...

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Business & Money | Monday 5 February, 2024 9:53 am

Arabian Pipes signs SAR 108M contract with Saudi Aramco

Arabian Pipes Co. signed on Feb. 4 a contract worth nearly SAR 108 million to supply steel pipes to Saudi Aramco, the company said in a statement to Tadawul.   The contract is valid for 11 months, Arabian Pipes added.   The relevant financial impact will appear on Q3...

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Business & Money | Monday 5 February, 2024 9:49 am

Saudi Electricity eyes USD-denominated sukuk issuance

Saudi Electricity Co. (SEC) announced its plan to hold meetings with fixed-income investors starting today, Feb. 5.   Depending on market conditions, it is probable that these meetings will be succeeded by the issuance of priority unsecured USD-denominated sukuk as part of its...

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Business & Money | Monday 5 February, 2024 9:47 am

Transforming Saudi Tourism: Taiba Investments Partners with TBO Holidays at Saudi Tourism Forum 2024

Taiba Investments has signed a strategic cooperation and partnership agreement with TBO Holidays, a leading global travel company, during the second edition of the Saudi Tourism Forum held from January 22 to 24 in Riyadh. The forum served as a prominent platform to enhance collaboration among all...

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Business & Money | Monday 5 February, 2024 9:45 am

79% of UAE workers who are using generative AI say it makes them more productive

The use of generative AI in the workplace is surging in the UAE, with 40% of workers already having implemented or experimenting with the technology, compared to just 28% of workers globally, according to Salesforce’s generative AI snapshot research titled “The Promises and Pitfalls of...

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Business & Money | Monday 5 February, 2024 9:35 am

ADDED and HYCAP Group team up to establish Industrial Complex in Abu Dhabi

The Abu Dhabi Department of Economic Development (ADDED) and HYCAP Group, the net zero asset management company, have signed an agreement to develop the production, storage, and transport of green hydrogen, spearheading the transition to net zero in line with the United Arab Emirates (UAE) Net Zero ...

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Business & Money | Monday 5 February, 2024 9:33 am

Boeing, Bahri Logistics Sign a Strategic MoU to Enhance Supply Chain Activities in Saudi Arabia

Boeing Saudi Arabia and Bahri Logistics, a business unit of Bahri, a global leader in logistics and transportation, have signed a strategic Memorandum of Understanding (MoU) to explore collaborative efforts in the areas of supply chain and distribution in the Kingdom of Saudi...

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