Business & Money | Tuesday 28 November, 2023 12:50 pm

PIF raises $5B from syndicated loan

The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) signed today, Nov. 28, a financing agreement through which PIF has secured a term loan, from a syndicate of nine top international lenders, covered by K-SURE.   The financing carries a door-to-door tenor...

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Business & Money | Tuesday 28 November, 2023 12:39 pm

Over 176,000 Saudis employed in past year: Minister

Over the last 12 months, more than 176,000 Saudis found employment through the Nitaqat Mutawar Program, Ahmad Al-Rajhi, Minister of Human Resources and Social Development, said during the 13th Social Dialogue Forum.   This development elevated the total number of Saudis employed...

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Business & Money | Tuesday 28 November, 2023 10:30 am

Taj Dhabi awarded two new developments in KAFD

Taj Dhabi, a subsidiary of Trojan Construction Group, has been awarded the Design and Build contract for two new developments in KAFD, Saudi Arabia’s prime business district, located in the heart of Riyadh. Marking the occasion with a signing ceremony at KAFD were Gautam...

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Business & Money | Tuesday 28 November, 2023 9:48 am

Azizi Developments renews its partnership with US-based Cummins Inc. for another six buildings in Riviera

Azizi Developments, a leading private developer in the UAE, has renewed its partnership with the American global leader in the design, manufacturing, distribution, and supply of a wide range of power solutions, Cummins Inc, for six buildings within the fourth phase of its mega-project Riviera in...

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Business & Money | Tuesday 28 November, 2023 9:28 am

Steering decarbonisation in construction, Big 5 Global continues its towering success in the ‘Year of Sustainability’

The 44th edition of Big 5 Global, supported by the UAE Ministry of Energy & Infrastructure, will bring together global leaders in construction, industry professionals, regulators, and innovators from 4 to 7 December 2023, at the Dubai World Trade Centre. Together, they will provide a...

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Business & Money | Tuesday 28 November, 2023 9:07 am

Farnek obtains full ESCO accreditation from Dubai’s RSB ahead of COP28

Leading UAE-based smart and green facilities management company Farnek has been granted full accreditation as an Energy Services Company (ESCO) from Dubai’s Regulatory & Supervisory Bureau (RSB).   The RSB was established in 2010 and works under the auspices of the Dubai...

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Business & Money | Tuesday 28 November, 2023 9:00 am

University of Bradford Establishes Dubai Advisory Board to foster growth and diversification in the GCC

The University of Bradford, renowned for its global impact on social mobility, has taken a significant step towards expanding its influence and enhancing its offerings with the formation of the Dubai Advisory Board (DAB).  “The establishment of the Dubai Advisory Board marks a...

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Business & Money | Tuesday 28 November, 2023 8:42 am

Misk Global Forum 2023 paves the way for youth-led global impact

The Misk Global Forum (#MGF23), the region’s largest youth forum, concluded its seventh edition, convening 40,000 attendees from 59 countries. The hybrid event featured a global line-up of more than 120 speakers, leaders, innovators, and entrepreneurs across more than 150 insightful sessions and...

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Business & Money | Monday 27 November, 2023 8:58 am

ADDED unveils ‘SME Finance Facilitator’ to boost growth

The Abu Dhabi Department of Economic Development (ADDED) has launched the “SME Finance Facilitator” programme, in partnership with the Emirates Classification Society “Tasneef” and support of Abu Dhabi Chamber of Commerce and Industry (ADCCI), and leading banks, to improve SMEs access to...

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Business & Money | Monday 27 November, 2023 8:50 am

DUBAI SOUTH ACHIEVES SEVERAL SUSTAINABILITY MILESTONES ACROSS OPERATIONS

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, recorded several achievements by applying different sustainability practices across its operations at its headquarters and other buildings. In 2022, Dubai South successfully diverted 622...

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