Business & Money | Wednesday 10 July, 2024 8:18 am

Avalon Pharma obtains SAR 70M credit facilities from Emirates NBD

Middle East Pharmaceutical Industries Co.  (Avalon Pharma) secured SAR 70 million Shariah-compliant credit facilities from Emirates NBD to finance its operations, according to a statement to Tadawul. The facilities’ tenor will extend for one year. A promissory note for the...

More Details

Business & Money | Wednesday 10 July, 2024 8:05 am

Dell Technologies, Aramco, and National IT Academy Collaborate to upskill local talent in science and technology

In a collaborative effort to empower Saudi Arabia’s local talent with advanced science and technology skills, Dell Technologies, Aramco, and the National IT Academy (NITA) have signed a collaboration agreement. The collaboration aims to provide Saudi students with advanced training programs and...

More Details

Business & Money | Wednesday 10 July, 2024 7:50 am

Department of Community Development - Abu Dhabi Launches Emirati Family Growth Support Programme

The Department of Community Development - Abu Dhabi, the regulatory body of the social sector in the emirate, has launched its programme to support the growth of the Emirati family, which was approved by the Abu Dhabi Executive Council, headed by His Highness Sheikh Khaled bin Mohamed bin Zayed Al...

More Details

Business & Money | Wednesday 10 July, 2024 7:44 am

Al Othaim renews 2 contracts worth SAR 423M with GOSI

Abdullah Al Othaim Markets Co. (Al Othaim) signed two contracts worth SAR 422.71 million with the General Organization for Social Insurance (GOSI) to renew lease agreements for the latter’s two properties in Dammam. In two separate statements to Tadawul, the company said these contracts...

More Details

Business & Money | Wednesday 10 July, 2024 7:02 am

Knight Frank MENA Strengthens Research Team with New Chief Economist, Dr Christopher Payne.

Knight Frank, a global leader in real estate consultancy, is proud to announce the appointment of Dr Christopher Payne as Chief Economist. Payne brings with him 30 years of expertise in economic analysis, real estate, and financial markets, further strengthening Knight Frank MENA's commitment to...

More Details

Business & Money | Wednesday 10 July, 2024 6:59 am

Najm Launches Advanced Telematics Initiative to Improve Safe Driving in Saudi Arabia

Najm for Insurance Services Company (Najm) today announced that it has launched a new telematics initiative to improve road safety in Saudi Arabia. The initiative, powered by advanced mobility analytics technologies, encourages safer driving practices. Najm has partnered with Cambridge Mobile...

More Details

Business & Money | Wednesday 10 July, 2024 6:34 am

ADX welcomes listing of Lunate Capital LLC’s Chimera JP Morgan Global Sukuk ETF

Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today the listing of the Chimera JP Global Sukuk ETF. This new ETF offers investors access to a diversified portfolio of liquid, USD-denominated, investment-grade Sukuks from sovereign,...

More Details

Business & Money | Tuesday 9 July, 2024 8:37 am

Aldar, Dubai Cares to provide10,000 children with essential school kits

Aldar Properties has announced that it is contributing AED1 million to a new partnership with Dubai Cares that will provide 10,000 children from low-income families across the UAE with school kits ahead of the 2024/25 academic year. In line with Aldar's commitment to create societal value, the ...

More Details

Business & Money | Tuesday 9 July, 2024 8:30 am

NEO SPACE GROUP – a global commercial space services champion – announces international telecoms & technology veteran as new group CEO

NEO SPACE GROUP (NSG), Saudi Arabia’s national space champion that is leading efforts to develop the space industry in the Kingdom, has announced international telecoms industry veteran Martijn Blanken as its new group Chief Executive Officer (CEO).  NSG is seeking to unlock the...

More Details

Business & Money | Tuesday 9 July, 2024 8:24 am

Aafaq Islamic Finance PSC Partners with Dubai Land Department to Oversee Real Estate Escrow Accounts

Aafaq Islamic Finance PSC has entered into a strategic partnership with the Dubai Land Department (DLD) through the signing of a Memorandum of Understanding (MoU). This agreement designates Aafaq as an authorized financial institution to provide escrow services, joining a select group of accredited ...

More Details