Business & Money | Monday 15 July, 2024 8:32 am

Dubai Customs Director General discuss bilateral trade prospects with Indonesian Consul-General

 As part of Dubai Customs’ commitment to having stronger ties with foreign diplomatic corps to support the growth of Dubai's non-oil external trade, H.E. Dr. Abdullah Mohammed Busenad, Dubai Customs Director General, received H.E. K. Katarika Candra Negara the Indonesian Consul-General in...

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Business & Money | Sunday 14 July, 2024 11:30 am

NWC starts implementing 14 water and environmental projects in Qassim worth SR +561 million

The National Water Company (NWC), represented by its Northern Cluster, has started the implementation of 14 water and sanitation projects in different parts of the Qassim region. The total cost amounts to more than 561 million Saudi riyals to increase the supply of water and environmental services, ...

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Business & Money | Sunday 14 July, 2024 10:46 am

ADES Holding secures SAR 11.3B upsized syndicated credit facility

ADES Holding Co. successfully amended its existing syndicated facility, securing an additional $3 billion (SAR 11.3 billion), with the majority of existing lenders participating, along with new local and regional financial institutions. In a statement to Tadawul, the company said that the ...

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Business & Money | Sunday 14 July, 2024 10:32 am

Diriyah inks SAR 7.8B contract to develop new area

Diriyah Co. signed today a contract worth more than SAR 7.8 billion ($2 billion) with El Saif Engineering Contracting Co., in partnership with China State Construction Engineering Corporation Ltd (CSCEC) to implement a large-scale building and construction project in the...

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Business & Money | Sunday 14 July, 2024 10:24 am

Dubai Customs’ Consultative Council Reviews Digital Services to Facilitate Business Operations

Dubai Customs held its second Consultative Council meeting in 2024, chaired by H.E. Dr. Abdulla Mohammed Busenad, Director General of Dubai Customs, in the presence of executive directors, department directors, and council members from work groups and trade sectors. The meeting covered various...

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Business & Money | Sunday 14 July, 2024 10:18 am

Emaar's H1 2024 Rally: Celebrating Achievements and Future Prospects

 Emaar Properties held its mid-year internal staff rally, a quarterly gathering where Emaar’s leadership reviews and shares the Company’s operational performance and way forward with the staff. During the rally, Emaar presented significant milestones and achievements across all areas of...

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Business & Money | Saturday 13 July, 2024 2:15 pm

Saudia Group and Ministry of Investment Sign MoU to Support Investors in the Kingdom

Saudia Group and the Ministry of Investment have signed a Memorandum of Understanding (MoU) to support major investors and executives in global established companies aiming to relocate to the Kingdom.     The MoU, signed by Khaled Tash, Saudia Group’s Chief Marketing...

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Business & Money | Saturday 13 July, 2024 1:47 pm

PIF raises stake in Newcastle United to 85%

The Public Investment Fund (PIF) increased its stake in Newcastle United Football Club to 85%, as the sovereign fund and RB Sports &Media will together acquire PCP Capital Partners' shareholding in the club. In a statement, the English football club said RB Sports & Media will own the...

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Business & Money | Saturday 13 July, 2024 1:38 pm

WebEngage emerges as category leader in FMCD CDP-powered customer retention solutions in the Middle East

As the fast-moving consumer durables (FMCD) sector in the Middle East & Africa experiences rapid growth, WebEngage, a global provider of Big Data-powered & AI-driven customer engagement and retention solutions, has emerged as an unrivalled category leader. Brands in the region have...

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Business & Money | Friday 12 July, 2024 12:50 pm

GAC says 2 contractors to pay SAR 63.8M in settlement on collusion

The General Authority for Competition (GAC) reached a settlement agreement with Mohammad Ibrahim Al-Hussein General Contracting Establishment and Abdulaziz Al-Hassan Al-Muqbil Trading Establishment for a total of SAR 63.83 million.  According to two statements released by GAC on X, the...

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