Business & Money | Monday 15 July, 2024 11:38 am

Ministry of Energy and Infrastructure, Emirates Transport to support green mobility

The Ministry of Energy and Infrastructure (MoEI), represented by UAEV, and Emirates Transport will cooperate in installing and operating EV charging stations at Emirates Transport buildings. The move aligns with UAEV’s mission of supporting the shift to green mobility and contributing to the ...

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Business & Money | Monday 15 July, 2024 11:10 am

Saint-Gobain Construction Chemicals Strengthens Its Presence in The United Arab Emirates

Saint-Gobain Construction Chemicals, through its Chryso subsidiary, has completed the acquisition of WinChem Middle East Chemical Industries LLC ("WinChem"), a manufacturer and supplier of concrete admixtures serving the construction industry in the United Arab Emirates. Established in 2014,...

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Business & Money | Monday 15 July, 2024 11:08 am

Azizi Developments partners with Unigulf Development for Azizi Venice and Riviera

Azizi Developments, a leading private developer, has signed an agreement with UAE-based company Unigulf Development for the supply of high-quality soft thermal insulation material for its mixed-use Dubai South development, Azizi Venice, and the fourth phase of its mega-project, Riviera, located in...

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Business & Money | Monday 15 July, 2024 10:17 am

ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach

ADNOC Gas plc today announced the award of engineering, procurement and construction (EPC) contracts for the next phase of the UAE sales gas pipeline network enhancement "ESTIDAMA Project". Separately, ownership of ESTIDAMA is being transferred from ADNOC Gas to ADNOC, thereby significantly...

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Business & Money | Monday 15 July, 2024 10:13 am

27 firms list shares on Nomu, 3 move to TASI: Kafalah

The Small and Medium Enterprises Loan Guarantee Program (Kafalah) supported almost 27 medium-sized companies to list shares on the Nomu-Parallel Market, CEO Homam Hashem told CNBC Arabia. Three of these companies have transitioned to the Main Market (TASI). Since its launch in 2006 until...

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Business & Money | Monday 15 July, 2024 10:10 am

Saudi Arabia tops MENA for venture capital investment in H1 2024

Saudi Arabia has taken the top rank across MENA in terms of the amount of venture capital (VC) funding in H1 2024, with about $412 million, according to venture data platform MAGNiTT.   The Saudi venture investment market began the year in line with its performance in H1 2023, with...

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Business & Money | Monday 15 July, 2024 10:08 am

Diriyah Club ownership transferred to PIF

Diriyah Company announced that the ownership of Diriyah Club has been now transferred to Diriyah Company, owned by the Public Investment Fund (PIF). Crown Prince Mohammed bin Salman has been named as Chairman. On its X platform, the company said the ownership has been transferred in line with...

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Business & Money | Monday 15 July, 2024 10:06 am

Sure inks SAR 52M contract to develop digital platform for infath

Sure Global Tech Co. signed, on July 14, a contract worth SAR 51.99 million (VAT inclusive) to develop a digital platform for the Entrustment and Liquidation Center (infath). The three-year contract covers providing technical support to infath to help expedite and automate the liquidation...

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Business & Money | Monday 15 July, 2024 10:04 am

Horizon Educational signs lease with Tatweer for Riyadh land

Horizon Educational Co. signed on July 11 a lease for a land plot in Dhahrat Laban, Riyadh, with Tatweer Buildings Co., according to a statement to Tadawul.  The company seek to establish and operate an educational complex, named Horizon International Schools, on the...

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Business & Money | Monday 15 July, 2024 10:03 am

Umm Al-Qura Cement joins industrial sector competitiveness program

Umm Al-Qura Cement Co.  joining the industrial sector competitiveness program by signing an agreement that will provide several solutions to raise the efficiency and quality of energy sources used in the industrial facilities, according to a statement to Tadawul.The program will contribute to...

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