Business & Money | Sunday 30 July, 2023 8:54 am

TAM Development wins SAR 20.7 mln project from Ministry of Culture

TAM Development Co. received on July 27 a letter of award for a framework agreement to provide digital solutions and services for the Ministry of Culture at a total value of SAR 20.7 million, inclusive of VAT. Under the agreement, TAM will provide the necessary digital solutions to...

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Business & Money | Sunday 30 July, 2023 8:50 am

Dubai records real estate sales record during H1 2023

One of Dubai’s leading real estate agencies, Unique Properties, has observed an unprecedented surge in Dubai’s real estate sector, with a total of 60,440 sales transactions worth AED 177.3 billion being recorded during the first half of the year. The value of real estate sales recorded in...

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Business & Money | Saturday 29 July, 2023 2:10 am

solutions grants SAR 233 mln financing to subsidiary Giza Arabia

Arabian Internet and Communications Services Co. (solutions) announced today, July 27, granting SAR 233 million in financing to subsidiary Giza Arabia, located in Saudi Arabia, with no guarantees provided in return for the three-year loan, according to a Tadawul filing.   This...

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Business & Money | Saturday 29 July, 2023 2:05 am

Events Investment Fund acquires stake in Tahaluf

Saudi Arabia’s Events Investment Fund acquired a significant stake in Tahaluf, the Saudi event’s organizer company which is co-owned by Informa PLC and the Saudi Federation for Cyber Security, Programming and Drones (SAFCSP).   This investment forms part of the Events Fund's...

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Business & Money | Saturday 29 July, 2023 1:40 am

Emirati Human Resources Development Council organises Emirates 'Open Career Day' at Um Suqeim Majlis

The Emirati Human Resources Development Council (EHRDC), in collaboration with the Ministry of Human Resources and Emiratisation, NAFIS programme, the Dubai Community Development Authority and The Dubai College of Tourism (DCT), successfully organised an Open Career Day at Um Suqeim Majlis. This...

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Business & Money | Saturday 29 July, 2023 1:38 am

Emirates Stallions Group reports net profit of AED 597 million in H1 2023

Emirates Stallions Group, the Global investment, engineering, and construction solutions company and a subsidiary of International Holding Company (IHC), has announced a 831 percent Year-on-Year (YoY) surge in net profit for H1 2023.The company's net profits for first-half profit reached AED 597...

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Business & Money | Saturday 29 July, 2023 1:30 am

Black Cobra, OSTIM ink MoU to drive innovation in defence and aerospace sectors

Black Cobra Military Supplies (BCMS), a tactical gear manufacturer based in Abu Dhabi, and member of Emirates Defence Companies Council (EDCC) - and OSTIM Defense and Aerospace Cluster in Ankara (OSSA), Republic of Türkiye, have signed during International Defence Exhibition 2023 in Istanbul a...

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Business & Money | Saturday 29 July, 2023 1:27 am

Hadaf helped employ 201,000 Saudis in H1 2023

The Human Resources Development Fund (Hadaf) helped employ 201,000 Saudis in private establishments in the first half of 2023 through various initiatives, a rise of more than 14% from 150,000 Saudis in the year-earlier period.   Turki Al-Jawini, Director General of Hadaf, said that...

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Business & Money | Saturday 29 July, 2023 1:23 am

PIF, Ma’aden buy 10% of Brazilian Vale’s base metal unit

Brazilian miner Vale signed a binding agreement with Manara Minerals, the joint venture between the Public Investment Fund (PIF) and Saudi Arabian Mining Co. (Maaden), to acquire a 10% stake in the former’s base metal unit.   In a statement, Vale said it also sealed an agreement...

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Business & Money | Friday 28 July, 2023 9:16 pm

The Thai ambassador inaugurates the Thai exhibition 2023... the first exhibition of its kind in the Kingdom

The Kingdom is preparing to receive the first Thai exhibition of its kind, which is scheduled to be held at the Riyadh International Center for Exhibition  andconferences, and it will be opened by His Excellency the Thai Ambassador ( Darm Boontham ) on Sunday, corresponding to August 27,...

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