AD Ports Group today announced its financial results for the second quarter of 2023 (Q2'23), reporting revenue growth of 66 percent year-on-year (YoY) to AED 2.1 billion, driven by volume growth in key sectors, business diversification as well as local, regional, and international expansion both...
According to the latest statistics from the Central Bank of the UAE, the country’s national banks increased their credit facilities for the business and industrial sectors by around AED28.4 billion in the first five months of this year. The statistics also showed that the two sectors...
ROSHN Group, a Public Investment Fund (PIF) giga-project, plans to increase its current land bank of 100 million square meters, CNBC Arabia reported, citing Oussama Kabbani, Group Chief Development Officer (GCDO). The plan aligns with the target set by the company’s board of...
The Capital Market Authority (CMA) rejected Arab Sea Information Systems Co.’s application to increase its capital for purchasing a real estate asset. The company submitted the application to increase capital from SAR 100 million to SAR 104.38 million, through the issuance of 437,500...
Riyadh Cables Group Co. (RCG) signed, on Aug. 14, a Shariah-compliant credit facility agreement worth SAR 600 million with Saudi Export-Import Bank (Saudi EXIM), to finance the company’s working capital needs of export and pre-export activities. In a statement to Tadawul, Riyadh Cables...
Intigral, the media and entertainment arm of stc Group, the region’s engine of digital transformation, is pleased to announce the appointment of Khulud Abu Homos as Vice President of Content. The strategic decision is a testament to the company's ongoing commitment to elevating its content...
Invictus Investment Company Plc (ADX: INVICTUS), one of the leading agro-food enterprises in the Middle East and Africa, has published its financial results for the fiscal 2023 half year ended June 30, 2023. The company reported a significant increase in business growth and continued...
du, from Emirates Integrated Telecommunication Company (EITC), reached a new milestone in the advancement of its 5G technology. With more than half of its mobile network traffic now driven by 5G usage, du is setting the pace in unlocking the vast potential of this cutting-edge connectivity, while...
Azizi Developments, a leading private real estate developer in the UAE, is celebrating the handover of Berton, an outstandingly well-connected residential development strategically located in the heart of Dubai’s new growth corridor, Al Furjan. The project comprises 190 studios, 41 one- and...
Saudi Arabian Mining Co. (Maaden) renewed its agreement with Bangladesh Agricultural Development Corp. to supply 600,000 tons of fertilizers, Saudi Press Agency reported. The company pointed out that this partnership has continued for several years, confirming Maaden’s commitment ...