Business & Money | Monday 25 July, 2022 12:47 pm

Bestune Saudi Unveils Summer Offers with Bank Albilad

Taajeer Group, the exclusive dealer for Bestune cars in Saudi Arabia recently announced the launch of its exclusive financing package for summer 2022, which comes as part of the marketing activities. The financing solutions from Bank Albilad provide the opportunity to get a Bestune car with...

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Business & Money | Monday 25 July, 2022 12:13 pm

People in Middle East are wary of rising inflation, but over two-thirds still behind equity markets: The Continental Group survey

 The Continental Group, a leading insurance intermediary and financial services provider in the GCC region, recently hosted a webinar titled ‘Can inflation be tamed? Learn from the experts', where finance specialists demystified inflation and its current and potential impact on businesses,...

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Business & Money | Monday 25 July, 2022 11:51 am

Citi and Etihad sign on First Sustainable Deposit Solution

 Etihad Airways has become the first client to sign on to Citi ADGM’s Sustainable Deposit Solution. Citi’s newly launched deposit solutions will further assist the airline in investing excess cash as part of its sustainability agenda.  Etihad will have access to Citi’s two new...

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Business & Money | Monday 25 July, 2022 11:09 am

Saudi construction firm Red Sea International to reduce capital by half to $80m

Red Sea International Co. has received its shareholders’ approval for a 50 percent capital reduction in a bid to support the company’s future plans. The construction firm will bring down its capital to SR302 million ($80 million) from SR600 million by canceling nearly 30 million shares...

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Business & Money | Monday 25 July, 2022 11:05 am

TRSDC inks deal with ZeroAvia to develop zero-emission flights

The Red Sea Development Co. has signed a memorandum of understanding with ZeroAvia, a British-American hydrogen-electric aviation firm, to test and develop zero-emission travel across its new luxury tourism destination with a focus on environmental sustainability and regeneration. Signed...

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Business & Money | Monday 25 July, 2022 10:44 am

Abu Dhabi Maritime enters a long-term sponsorship agreement with Abu Dhabi International Boat Show

The Abu Dhabi International Boat Show (ADIBS), the UAE capital’s prestige boating, leisure marine and fishing show, organised by the Abu Dhabi National Exhibitions Company (ADNEC), has entered into a three-year sponsorship agreement with Abu Dhabi Maritime to support the event’s upcoming...

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Business & Money | Sunday 24 July, 2022 4:10 pm

Jazz power on full display at Dhahran’s Arabic Jazz Music Festival

On a humid Friday night, the Dhahran Expo — the venue where people received COVID-19 vaccines over the past year — had a different remedy to offer: Music. The auditorium, with rows of plush white seats facing the large stage where oud, saxophones and singing inaugurated Shargiyya’s first ...

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Business & Money | Sunday 24 July, 2022 12:01 pm

TASI almost flat as investors await earnings results: Opening bell

Saudi main index began the week’s trading session almost flat as investors awaited earning results. TASI edged up 0.09 percent to 11,998, while Nomu was unchanged at 20,955 as of 10:08 a.m. Saudi time. Salama Cooperative Insurance Co. surged 9.45 percent, leading gainers, while United...

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Business & Money | Sunday 24 July, 2022 11:58 am

UAE platform forays into Saudi Arabia, to ramp up staff strength

UAE-based fitness platform Enhance Fitness is aiming to triple its current trainer base as it announces its launch in Saudi Arabia. In an exclusive interview with Arab News, Enhance Fitness CEO and founder Tarek Mounir said that the platform has around 250 trainers and will be able to reach...

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Business & Money | Sunday 24 July, 2022 11:53 am

Saudi Investment Bank shareholders set to receive $80m dividends for H1

The Saudi Investment Bank, known as SAIB, will distribute cash dividends amounting to SR300 million ($80 million) for the first half of 2022. The per-share payout stands at SR0.30 which will be distributed to 1 billion eligible shareholders on Aug. 14, a bourse filing revealed. Last year, ...

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