Business & Money | Monday 30 October, 2023 1:37 pm

GESS Dubai Officially Opens 16th Edition at Dubai World Trade Centre

Left to right: H.E. Dr. Abdulrahman Mohammed Alasmi, Director General of the Arab Bureau of Education for the Gulf States; H.E. Dr. Mohammed Mubarak Juma, Bahrain Minister of Education; H.E. Dr. Omar Al Dhaheri, Acting Executive Director for School Operations at Abu Dhabi from the Emirates Schools...

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Business & Money | Monday 30 October, 2023 11:16 am

Hamriyah Freezone Authority, Amazon UAE sign Lease Agreement for new logistics centre

Hamriyah Freezone Authority (HFZA) and Amazon UAE have signed a lease agreement for a new logistics centre which will enhance delivery services for customers in the Northern Emirates. In line with HFZA's vision to bolster economic growth and innovation in the region, the agreement supports Amazon...

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Business & Money | Monday 30 October, 2023 11:08 am

Borouge reports 22% Q3 2023 net profit increase

Borouge Plc has reported a net profit of $282 million (AED1.04 billion) for the quarter ended 30th September, marking a 22% increase over the previous quarter. Strong production performance, targeted cost management and revenue optimisation from its ambitious Value Enhancement Programme helped ...

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Business & Money | Monday 30 October, 2023 11:00 am

ACWA Power starts Sudair Solar PV phase 2 commercial operation

ACWA Power Co. received on Oct. 29 the commercial operation certificate from the Saudi Power Procurement Co. (SPPC) for the phase 2 of Sudair Solar Photovoltaic (PV) project.   In a statement to Tadawul, ACWA Power pointed out that phase 2 includes a 25% addition to phase 1,...

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Business & Money | Monday 30 October, 2023 10:45 am

Knowledge City inks deal with GIB Capital to develop Islamic World Avenue phase 1

Knowledge Economic City Co. (KEC) signed, on Oct. 29, a framework agreement on behalf of the company and its subsidiary Al Geraa International Real Estate Development with GIB Capital, to establish a real estate investment fund, with an aim to develop the first phase...

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Business & Money | Monday 30 October, 2023 10:33 am

ROYAL COMMISSION FOR ALULA REVEALS WINNING DESIGN FOR ALULA'S NEW AIRPORT TERMINAL

The Royal Commission for AlUla (RCU) has officially announced the winning design of the AlUla International Airport Terminal during the seventh annual Future Investment Initiative in Riyadh, chosen from a competitive global bid. Serving as an extraordinary gateway to AlUla, an iconic archaeological ...

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Business & Money | Monday 30 October, 2023 10:17 am

Saudi Arabia Localizes Insulin Manufacturing

The Global Health Exhibition witnessed the signing of an agreement to localize insulin manufacturing in Saudi Arabia on Sunday, October 29. This agreement was held under the patronage of the Minister of Health, Fahd bin Abdulrahman Al-Jalajel and with the participation of the Minister of...

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Business & Money | Sunday 29 October, 2023 1:26 pm

Athar Festival underscores Saudi youth’s creative potential with its Young Talent Academies

The inaugural edition of Athar – Saudi Festival of Creativity, the largest gathering of the creative marketing industry in the Kingdom that recognises and celebrates local creativity, set to take place from 13–16 November 2023 at the Hotel Crowne Plaza Riyadh RDC, is gearing up...

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Business & Money | Sunday 29 October, 2023 12:54 pm

Health Ministry working with PIF to NUPCO’s floatation: Minister

Saudi Minister of Health Fahad Al-Jalajel stated that the ministry is currently collaborating with the Public Investment Fund (PIF) to assess the initial public offering (IPO) for National Unified Procurement Co. (NUPCO).    In his speech at the...

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Business & Money | Sunday 29 October, 2023 12:49 pm

ACWA Power, EIG sign $500 mln agreement

ACWA Power signed a preliminary conditional agreement worth $500 million with EIG Co., a leading institutional investor in the global energy and infrastructure sectors, according to the company statement.   This was on the sidelines of the 7th edition of the Future Investment...

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