Business & Money | Monday 17 February, 2025 11:04 am

AOI in negotiations with Emirati investors to establish three new factories

Major General Engineer Mukhtar Abdel Latif, Chairman of the Arab Organisation for Industrialisation (AOI), revealed that the organisation is currently in negotiations with Emirati investors to establish three new factories specialising in both defense and civilian industries. In a statement to ...

More Details

Business & Money | Monday 17 February, 2025 11:00 am

UAE participates in Alula Conference for Emerging Market Economies

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, participated in the AlUla Conference for Emerging Market Economies, held on February 16-17 in Al Ula, Saudi Arabia. Organised by the Saudi Ministry of Finance and the Regional Office of the International Monetary Fund (IMF) ...

More Details

Business & Money | Monday 17 February, 2025 10:57 am

2P raises, renews SAR 135M credit facility deal with GIB

Perfect Presentation for Commercial Services Co. (2P) increased and renewed a Shariah-compliant credit facility deal worth SAR 135 million with Gulf International Bank (GIB), according to a Tadawul statement today, Feb. 16. The financing, raised on Feb. 15, is secured by promissory notes to...

More Details

Business & Money | Monday 17 February, 2025 10:54 am

Ladun signs SAR 216M credit facility deal with BSF

Ladun Investment Co. signed today, Feb. 16, a Shariah-compliant, mixed-use credit facility agreement valued at SAR 216 million with Banque Saudi Fransi (BSF), the company said in a statement to Tadawul. The five-year facility aims to provide guarantees for a construction contract...

More Details

Business & Money | Monday 17 February, 2025 10:51 am

Dar Al Arkan awarded SAR 4.46B real estate deal in Jeddah

Dar Al Arkan Real Estate Development Co. was awarded on Feb. 16 a real estate deal worth SAR 4.46 billion, including tax and commission, in Jeddah. The developer won the bid through a consortium between Dar Al Arkan, Kenzi Al Arabiya Co. and a group of investors, according to a statement to...

More Details

Business & Money | Monday 17 February, 2025 10:46 am

Keir wins SAR 119.7M project with SEC

Keir International Co. received, on Feb. 16, an award letter from Saudi Electricity Co. (SEC) for a project to replace oil-filled underground cable circuits. According to a statement on Tadawul, the total contract value is SAR 119.73 million, inclusive of a 15% value-added...

More Details

Business & Money | Sunday 16 February, 2025 3:35 pm

Big 5 Construct Saudi kicks off with two-week format, showcasing innovation, sustainability and industry leadership

Big 5 Construct Saudi marks its grand opening today, returning for its 13th edition in a new and expanded format for two-weeks, with the first week running from 15-18 February at the Riyadh Front Exhibition & Conference Center at Roshn Front. With anticipation at its peak, the event is the...

More Details

Business & Money | Sunday 16 February, 2025 11:31 am

Web3 Alliance of Saudi Arabia Launches to Accelerate Blockchain Innovation in the Kingdom

Today marks the official launch of the Web3 Alliance of Saudi Arabia (WASA), a groundbreaking initiative uniting key leaders in blockchain technology and digital innovation to drive the adoption of Web3 technologies in alignment with Saudi Arabia’s Vision 2030, fostering economic diversification...

More Details

Business & Money | Sunday 16 February, 2025 11:27 am

Abu Dhabi facilities expansion for businesses registered in other emirates

The Abu Dhabi Department of Economic Development (ADDED) has introduced new flexibilities to support business expansion and growth across the emirate. New regulations now allow firms registered in other emirates of the UAE, and their respective free zones, to open branches within the emirate of Abu ...

More Details

Business & Money | Sunday 16 February, 2025 11:15 am

SDB Strengthens Support for the E-Gaming and Esports Sector by Expanding Financing Portfolios to reach over 1.350 billion Riyals Through Strategic Agreements During LEAP 2025

In line with its commitment to advancing the digital economy and supporting the goals of the National Gaming and Esports Strategy (NGES) initiated by His Royal Highness the Crown Prince, the Social Development Bank (SDB), in collaboration with the Saudi Esports Federation (SEF) and under the...

More Details