Business & Money | Tuesday 1 August, 2023 9:38 am

Al Hassan Ghazi Ibrahim Shaker Co. sustains momentum into Q2-FY23, delivering a 69.1% YoY increase in net profit

Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker”, the “Group” or the “Company”), Saudi Arabia’s leading importer, manufacturer, and distributor of Air Conditioners and Home Appliances, has announced its financial results for the first half of 2023, reinforcing its strategic vision and...

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Business & Money | Tuesday 1 August, 2023 9:03 am

Gulftainer UAE Terminals Receives Prestigious RoSPA Gold Medal Award

Gulftainer Co. Ltd, a leading privately owned, independent port management and logistics company, UAE Terminals is thrilled to announce that it has been honored with the prestigious RoSPA Gold Medal (6 Consecutive Golds) Award for its exceptional health and safety performance throughout the...

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Business & Money | Tuesday 1 August, 2023 3:14 am

THE RED SEA FILM FUND OPENS POST-PRODUCTION CYCLE 4

The Red Sea Fund announces the opening of its fourth funding cycle, Post-Production Cycle 4, on August 6th 2023. The Fund invites filmmakers from Saudi Arabia, the Arab world and Africa to submit their film projects for consideration in this cycle. The deadline for submissions is 21st August...

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Business & Money | Tuesday 1 August, 2023 2:05 am

AD Ports Group, Saab UAE to set new industry standards for efficiency, safety in port operations

AD Ports Group and Saab UAE, a leading defence and security company based in Abu Dhabi’s Tawazun Industrial Park, have signed a Memorandum of Understanding (MoU) to establish a strategic cooperative relationship, which will see both entities collaborate on develping maritime surveillance...

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Business & Money | Tuesday 1 August, 2023 12:29 am

SAP Commits to Developing Kuwaiti Technology Skills as Sustainable Digital Transformation Tops Agenda

As senior Kuwaiti government officials, business leaders and other strategic thinkers were joined by the German ambassador for SAP Discovery Day held in the capital recently, discussions focused on initiatives to develop local technological talent, transform businesses in the cloud, build resilient ...

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Business & Money | Tuesday 1 August, 2023 12:20 am

Addressing the Growing Need for Storage Facilities in the GCC

In today's fast-paced world, where mobility and relocation have become the norm, the demand for storage facilities has skyrocketed. The GCC countries, known for their dynamic economies and thriving expatriate communities, are no exception. Recognizing this growing need, Writer Relocations, a leader ...

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Business & Money | Monday 31 July, 2023 1:08 pm

DMT records over AED46.33bn in Abu Dhabi real estate transactions in H1 2023

The Department of Municipalities and Transport (DMT) has released its latest report on Abu Dhabi's real estate market, revealing continued growth driven by investor optimism, with a remarkable 10,557 property transactions totaling over AED46.33 billion.The department's half-yearly report indicates...

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Business & Money | Monday 31 July, 2023 11:36 am

2nd edition of Otaiqah Date Season kicks off tomorrow, set to drive demand for dates and stimulate local agricultural production

Otaiqah Date Season’s 2nd edition is set to commence in Riyadh on Tuesday, signifying the start of one of the biggest date events in Saudi Arabia. Packed with a variety of programs and activities that will run for the next four months, the exhibition aims to attract visitors and date enthusiasts...

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Business & Money | Monday 31 July, 2023 11:15 am

Samana Developers Launches Dh215 Million California Project in Al Furjan

Samana Developers, one of the fastest growing real estate companies in Dubai, today launched a Dh215 million California residential project. This is the first project in Al Furjan neighbourhood, which is headed by master developer Nakheel Properties.   The demand for Dubai...

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Business & Money | Monday 31 July, 2023 9:54 am

Arabian Drilling, Aramco sign 10 new onshore rigs contracts worth SAR 3 bln

Arabian Drilling Co. (ADC) announced the signing of long-term contracts for ten onshore drilling rigs with Saudi Aramco, with a total value of contracts exceeding SAR 3 billion (not including VAT).   The company stated in a statement on Tadawul that the contract period is five years...

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