Business & Money | Thursday 20 July, 2023 9:23 am

Sure wins SAR 46.4 mln project from Hajj Ministry

Sure Global Tech Co. said it was awarded, on July 19, a project to operate the information technology services for the Ministry of Hajj and Umrah valued at SAR 46.43 million including value-added tax, according to a statement...

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Business & Money | Thursday 20 July, 2023 9:03 am

Jabal Omar sells land in Makkah for SAR 521.2 mln

Jabal Omar Development Co. signed a contract on July 19 with Areeb Advanced Real Estate Co. to sell a land plot spanning 3,066 square meters (sqm) within the former's project in Makkah. In a Tadawul statement, Jabal Omar stated that the deal is valued at SAR 521.2 million, and the buyer will...

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Business & Money | Thursday 20 July, 2023 8:56 am

NEW UAE AGENCY LAUNCHES - GP INC PROVIDES UNIQUE DATA DRIVEN ACCOUNTABILITY

A new UAE-based digital marketing services agency that will deliver unique data driven solutions across the marketing spectrum has been created by the former senior team of Dubai-based Group Partnership, a WPP company.  GP Inc, a shortform for “Growth & Performance” is headed up...

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Business & Money | Thursday 20 July, 2023 8:45 am

MIS inks SAR 183.9 mln contract with SIRC

Al Moammar Information Systems Co. (MIS) signed today, July 19, a maritime emergency monitoring and response center project contract with Saudi Investment Recycling Co. (SIRC) for SAR 183.85 million (VAT inclusive), according to a Tadawul statement.The company expects the related financial impact...

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Business & Money | Thursday 20 July, 2023 8:42 am

Real Estate brokerage activities, services launched under new law

The Real Estate General Authority (REGA) announced that real estate brokerage activities, services commenced under the new Real Estate Brokerage Law, which was adopted by the Cabinet. The period granted to brokers to correct their status ended on July 18. The law covers seven real estate...

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Business & Money | Wednesday 19 July, 2023 10:15 am

BB Energy Group Holding Ltd. successfully closed its new syndicated one-year Revolving Credit Facility at USD 350 million

BB Energy Group Holding Ltd. – known as BB Energy – a leading and globally integrated commodities group, has signed a new USD 350 million one-year Revolving Credit Facility (RCF). The 365-day RCF will be used to refinance the maturing facility signed in 2021 and extended in 2022, as well as for ...

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Business & Money | Wednesday 19 July, 2023 9:52 am

OSOOL APPOINTED TO OVERSEE THE MANAGEMENT OF GOSI’S SAUDI REAL ESTATE PORTFOLIO

Osool, the integrated real estate company established by the General Organization for Social Insurance (GOSI), has taken another important step towards transforming the performance of one of the Kingdom’s largest diversified real estate  investment portfolios.  Osool has been...

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Business & Money | Wednesday 19 July, 2023 1:33 am

Azizi Developments sells 70% of Pearl in Al Furjan

Azizi Developments, a leading private developer in the UAE, has announced that it has sold over 70% of its units at Pearl in Al Furjan. Pearl comprises 192 studios, 54 one-bedroom apartments and 14 two-bedroom apartments, and was launched just five months ago, in February 2023. Pearl is...

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Business & Money | Wednesday 19 July, 2023 12:55 am

NBQ – Q2 2023 results – Net Profit Surges 54% reaching AED 255 Million

National Bank of Umm Al Quwain reported a net profit of AED 255 million in Q2 of 2023, reflecting a 54% increase compared to AED 165 million in Q2 of 2022. Cost-to-income ratio is 20.58%, reflecting a 880 basis point year-on-year improvement, indicating the bank's operational efficiencies and...

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Business & Money | Wednesday 19 July, 2023 12:32 am

Retal launches first project in Jeddah

Jeddah Governor Prince Saud bin Abdullah bin Jalawi inaugurated Sadayem Suburb in Jeddah, in which Retal Urban Development Co. will be one of the partners of National Housing Co. (NHC) in providing housing units for beneficiaries.  The project is Retal’s first project in...

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