Business & Money | Wednesday 24 July, 2024 11:14 am

DEWA renews 'Effective Governance Management Systems' certification for 8th year

Dubai Electricity and Water Authority (DEWA) has renewed the BS 13500:2013 certification in Effective Governance Management Systems for the 8th consecutive year, following a comprehensive audit by the British Standards Institute (BSI). This covered key governance areas, including Human...

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Business & Money | Wednesday 24 July, 2024 10:44 am

Al Jouf Cement signs SAR 104.2M contract with Webuild SpA

Al Jouf Cement Co. signed on July 23 a contract worth SAR 104.2 million, excluding VAT, with Webuild SpA to sell cement to the latter for NEOM projects The contract duration is 41 months from the signing date, the cement producer said, adding that the contract is subject to increased...

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Business & Money | Wednesday 24 July, 2024 9:43 am

Al Jouf Cement reschedules SAR 154.5M facilities with SAB

Al Jouf Cement Co. signed an agreement to reschedule Shariah-compliant facilities with Saudi Awwal Bank (SAB) to support its operations, according to Tadawul website. The cement producer said the financing duration, before and after rescheduling, is seven years ending 2031 instead of 2027,...

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Business & Money | Wednesday 24 July, 2024 9:12 am

Natural Ventures Announces First Close of $100m fund to address food and water security globally.

Natural Ventures, an impact-focused venture capital fund that addresses global food and water security, is pleased to announce the first close of its inaugural fund. Natural Ventures takes an impact-driven approach to investing in and supporting the drive towards a more sustainable future and...

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Business & Money | Wednesday 24 July, 2024 8:58 am

11 development projects worth SAR 640M launched in Hail

Saudi Minister of Environment, Water and Agriculture, Abdulrahman AlFadley, launched 11 development projects in Hail, today, July 21, with the total value exceeding SAR 642 million. These projects will enhance water supplies and rationalize consumption, the minister said. He...

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Business & Money | Tuesday 23 July, 2024 1:55 pm

Edarat awarded SAR 7.1M project by Almaviva

Edarat Communication and Information Technology Co. was awarded today, July 21, a project by Almaviva Saudi Arabia for Information Technology for a period of five and a half years at a value of SAR 7.14 million (inclusive of VAT), according to a statement to Tadawul. Under the contract,...

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Business & Money | Tuesday 23 July, 2024 1:41 pm

Over million smart water metres in Dubai with 100% installation rate: DEWA

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA has achieved 100% installation of smart water metres in Dubai, meeting the growing demand for water services. By the start of June 2024, DEWA had installed over one million smart metres...

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Business & Money | Tuesday 23 July, 2024 1:39 pm

ADNOC L&S Joint Venture awards $1.9 billion in contracts for very large ethane, ammonia carriers

ADNOC Logistics and Services plc today announced that AW Shipping, its joint venture with Wanhua Chemical Group, has awarded shipbuilding contracts to Jiangnan Shipyard in China, priced at approximately $1.9 billion (AED7 billion) in total. The contract for the construction of nine Very Large...

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Business & Money | Tuesday 23 July, 2024 1:37 pm

Sanad, Rolls-Royce to foster future aviation leaders

Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Mubadala, has collaborated with Roll Royce, a global leader and manufacturer in the aerospace industry, focused on nurturing the next generation of leaders in the aviation sector. The agreement was signed at...

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Business & Money | Tuesday 23 July, 2024 10:47 am

Armah signs lease to develop, operate 2 fitness clubs in Jeddah

Armah Sports Co. signed on July 22 a lease for a building on Makkah Road, Jeddah, to develop and operate two fitness clubs, according to a statement to Tadawul. The 15-year contract was signed for an average annual lease of SAR 3.64 million, SAR 54.62 million excluding VAT). The contract...

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