Government | Friday 5 April, 2024 4:43 am

UAE Ministry of Finance spromotes social solidarity during the Holy Month of Ramadan

The UAE Ministry of Finance launched a series of community initiatives during the Holy Month of Ramadan, in line with its commitment to instil the values of giving within the society. These initiatives are part of the ministry’s ongoing efforts to empower people in need and improve their quality...

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Business & Money | Friday 5 April, 2024 4:30 am

Gulf consortium acquires 65% of Aster DM Healthcare’s GCC unit

Aster DM Healthcare Limited announced the separation of its business in the GCC and India into two independent entities.   Under the separation plan, a consortium led by Abu Dhabi Investment Council-backed private equity firm Fajr Capital acquired a 65% stake in Aster’s GCC arm....

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Business & Money | Friday 5 April, 2024 4:25 am

5 investors, local firm fined SAR 44.9M on capital market violations

Five investors were convicted of violating the Capital Market Law and fined SAR 3.5 million. Four investors and a local company were ordered to pay SAR 41.4 million due to the illicit gains achieved in their investment portfolios, in addition to another portfolio.   The Appeal...

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Business & Money | Friday 5 April, 2024 1:07 am

Riyad Bank says Riyad Capital IPO ‘under assessment’

Riyad Bank’s board of directors approved on April 3 to start assessment and preparation of a possible initial public offering (IPO) of its subsidiary, Riyad Capital for listing on the Saudi Exchange (Tadawul), according to a statement to Tadawul.   Riyad Bank and Riyad Capital ...

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Business & Money | Friday 5 April, 2024 12:04 am

Saudi Electricity redeems $1.5B sukuk due on April 8

Saudi Electricity Co. (SEC) fully redeemed its $1.5 billion international sukuk due on April 8, 2024, listed on Irish Stock Exchange (Euronext Dublin), issued on April 8, 2014.   In a statement to Tadawul, the company said 7,500 sukuk were redeemed at a par value of...

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Tourism & Hospitality | Thursday 4 April, 2024 4:35 pm

Sofitel Dubai The Palm announces Eid Al Fitr Holiday Escape

This April, luxury 5-star beach resort Sofitel Dubai The Palm is proud to announce its exclusive world of unparalleled luxury and indulgence with exclusive Eid Al Fitr staycation deals. Nestled on the pristine shores of Palm Jumeirah, the resort offers a sanctuary of opulence and tranquillity,...

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Tourism & Hospitality | Thursday 4 April, 2024 2:44 pm

Bring the family together with A.O.K. Kitchen Riyadh’s festive Eid breakfast!

The inclusive KAFD neighbourhood favourite is putting on a family-friendly display this long weekend, open to children and pets and celebrating the spirit of togetherness   Marking the end of the Holy Month of Ramadan, Eid al-Fitr is about coming together with loved ones, enjoying...

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Technology & IT | Thursday 4 April, 2024 1:42 pm

HONOR Magic6 Pro 5G Gets Positive Feedback and High Demand from Consumers in KSA

HONOR, the global technology brand is thrilled to announce the great response for the HONOR Magic6 Pro during its pre-order phase and direct sales. This overwhelming response showcases the brand’s deep commitment to prioritizing consumer satisfaction in the Saudi Market by delivering products...

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Tourism & Hospitality | Thursday 4 April, 2024 1:13 pm

Embraces Community Spirit with Kids Iftar Event on Sheik Zayed Humanitarian Day

In a heartfelt display of community support and solidarity, Media Rotana Dubai hosted an enriching Iftar event for families, in collaboration with Emirates Red Crescent and Fakhr UAE on Sheik Zayed Humanitarian Day. This special gathering underscored the hotel's enduring commitment to giving back...

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Business & Money | Thursday 4 April, 2024 12:17 pm

Capital.com opens new regional head office in UAE under #NextGenFDI initiative

Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed USD$1 trillion in 2023, has announced that it is joining the UAE’s #NextGenFDI initiative for digitally-enabled businesses as it opens a new subsidiary, Capital Com MENA Securities Trading LLC...

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