Business & Money | Sunday 6 August, 2023 9:17 am

Saudi Red Sea Authority issues seven regulations to facilitate Red Sea navigation

The Saudi Red Sea Authority (SRSA) announced the issuance of seven new regulations for navigational activities in the Saudi Red Sea: Private Yachts Visiting; Chartering Large Yacht Regulation; Tourist Navigational Agent Regulation; Cruise Ship Regulation; Marina Design and Operation Regulation;...

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Business & Money | Sunday 6 August, 2023 9:11 am

DUBAI SHOPPING MALLS GROUP KICKSTARTS EXCITING BACK TO SCHOOL BONANZA, OFFERS AED 100,000 IN CASH PRIZE

The residents of the UAE can prepare for an unforgettable Back-to-School extravaganza as Dubai Shopping Malls Group (DSMG) presents its sensational 2023 edition with AED 100,000 in cash prizes up for grabs. Embracing the spirit of new beginnings and the joy of...

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Business & Money | Sunday 6 August, 2023 8:59 am

Azizi Developments launches new high-end building as part of Riviera’s luxurious fourth phase

Azizi Developments, a leading private developer in the UAE, is launching building 65 as part of Riviera’s fourth phase, on the lively main boulevard, next to a sizable park, and with astonishing views of the swimmable crystal lagoon. Riviera is Azizi’s French Mediterranean-inspired waterfront...

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Business & Money | Sunday 6 August, 2023 8:41 am

IHC Presents Strong H1 2023 Operational and Financial Results

International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate, unveiled its financial results for the second quarter and half year of 2023,  registering a group net profit of AED 10.4 billion, accompanied by net profit margin of 36.3%. This commendable...

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Business & Money | Sunday 6 August, 2023 8:39 am

IDB Chairman Receives “Best Banker” Award during the First Arab Forum for Banks & Businessmen 2023 in Beirut, Lebanon

The Union of Arab Banks has organized the First Arab Forum for Banks & Businessmen 2023 in Beirut, Lebanon under the high patronage of the Lebanese Minister of Economy Mr. Amine Salam. Gathering key economic sectors and business community figures, the event stood as a promising initiative that...

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Business & Money | Saturday 5 August, 2023 11:57 am

Dubai investments H1 2023 net profit surges 59% to AED 580 million

Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market [DFM], has announced a 59 percent increase in net profit to AED 580 million for the six-month period ended June 30th 2023, as compared to AED 364 million during the corresponding period in 2022.The...

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Business & Money | Saturday 5 August, 2023 11:52 am

ADNOC Gas reports revenue of AED 38.9 billion in H1 2023

ADNOC Gas today announced its financial results for the three months and six months ended 30th June, 2023 (Q2 2023) and (H1 2023).The Company’s H1 2023 revenue stood at a AED 38.9 billion (US$10.6 billion) compared to Pro Forma Adjusted Revenue of AED 48.8 billion (US$13.3 billion) in H1 2022,...

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Business & Money | Saturday 5 August, 2023 1:55 am

Nile raises $175 mln in round led by Sanabil Investments, stc

Networking startup Nile raised nearly $175 million in a new round led by Sanabil Investments, a subsidiary of the Public Investment Fund (PIF), and March Capital.   In a statement, the company said the new round witnessed the participation of investors from several companies,...

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Business & Money | Friday 4 August, 2023 4:47 pm

EXIM Bank says 2022 credit facilities total SAR 13.6 bln

The Saudi Export-Import Bank (EXIM Bank) offered SAR 13.58 billion credit facilities in 2022, of which requests for export credit insurance and export financing reached SAR 9 billion and SAR 4.58 billion, respectively. According to the bank's annual report, the total amount of requests...

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Business & Money | Friday 4 August, 2023 4:40 pm

NHC offers 12,000 residential units via Sakani platform

The National Housing Co. (NHC) offered 12,000 new residential units for reservation via Sakani platform, at competitive prices starting from SAR 350,000.   The move is part of the company's efforts to provide more integrated housing options across the Kingdom, at affordable prices....

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