Business & Money | Sunday 18 August, 2024 9:37 am

ACWA Power commissions Ar Rass 1 solar PV plant in Saudi Arabia

ACWA Power Co. announced receiving a notice on Aug. 15 from Ar Rass Solar Energy Co., indicating starting operations at the 700 MW Ar Rass 1 solar photovoltaic plant project in Saudi Arabia upon obtaining the commercial operations certificate, according to statement to Tadawul. ACWA Power owns ...

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Business & Money | Sunday 18 August, 2024 9:36 am

SALIC approves sale of entire stake in Saudi Fisheries for SAR 122.4M

Saudi Fisheries Co. (Alasmak) received, on Aug. 15, a letter from its shareholder, Saudi Agricultural and Livestock Investment Co. (SALIC), stating acceptance of the binding offer to complete a special sale and purchase transaction by selling SALIC’s entire stake in Alasmak amounting to 16...

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Business & Money | Sunday 18 August, 2024 9:29 am

MEPCO to double Juthor capacity at SAR 345M

Middle East Paper Co. (MEPCO) said on Aug. 15 that its board of directors gave the go-ahead for doubling production capacity of Juthor Paper Manufacturing Co. by adding the tissue paper production line 6 project (TM6) at a total value of SAR 345 million.In a statement to Tadawul, MEPCO said it ...

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Business & Money | Saturday 17 August, 2024 12:05 am

1,553 disputes resolved in H1 2024: ADREC Dispute Settlement Centre

The Abu Dhabi Real Estate Centre (ADREC), the custodian and regulator of Abu Dhabi's real estate sector, has announced that its Real Estate Dispute Settlement Centre mediated 1,553 real estate disputes in the first half of 2024, demonstrating its efficiency and commitment to maintaining stability...

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Business & Money | Saturday 17 August, 2024 12:03 am

Dubai Chambers to organise Dubai Business Forum – China to boost economic, investment ties

Chinese business leaders have praised Dubai’s role as a vital hub for opportunities and an ideal platform for business expansion in both regional and global markets due to the emirate’s strong competitive advantages and attractive investment environment. Senior officials from three...

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Business & Money | Saturday 17 August, 2024 12:00 am

NEOM Social Responsibility Awards Ceremony Celebrates Outstanding Contributions

NEOM, the sustainable development taking shape in northwest Saudi Arabia, yesterday (Wednesday, August 14) hosted its inaugural NEOM Social Responsibility Awards ceremony. The celebratory event hosted by NEOM Social Responsibility (NEOM SR) honored the outstanding contributions being made by...

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Business & Money | Saturday 17 August, 2024 12:00 am

Ras Al Khaimah Ruler witnesses lease signing for set up of over 1M m2 industrial park in RAKEZ

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah hosted the official lease signing ceremony between China’s world-leading Shandong Timber and Wood Products Association (STWPA) and Ras Al Khaimah Economic Zone (RAKEZ) to establish the Zhong A...

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Business & Money | Saturday 17 August, 2024 12:00 am

MoF launches ‘Digital Consultation’ to support Zero Government Bureaucracy Programme

The Ministry of Finance (MoF) has launched the "Digital Consultation" initiative as part of its ongoing efforts to implement the Zero Government Bureaucracy Programme, designed by the UAE government to enhance living standards and foster an environment conducive to business and attracting...

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Business & Money | Saturday 17 August, 2024 12:00 am

Ajman real estate market soars with AED2 billion in July transactions, up 42.85%

The real estate market in Ajman continues its upward trend, recording 1468 real estate transactions in July with a total value of over AED2 billion, a growth of 42.85 percent year-on-year. Omar bin Omair Al Muhairi, Director-General of Ajman's Department of Land and Real Estate Regulation,...

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Business & Money | Friday 16 August, 2024 12:43 pm

Bitget Wallet Doubles User Base to 30 Million in Less Than A Year

The Brand Sets Record with 1.7 Million Monthly Downloads as the Top Web3 Wallet VICTORIA, Seychelles  – Bitget Wallet, the leading Web3 wallet, is excited to announce a groundbreaking milestone of reaching 30 million users. In July 2024, it set a new record with 1.7 million monthly App...

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