Business & Money | Friday 24 November, 2023 5:42 am

Saudi Arabia raises $11B syndicated loan to fund deficit: Report

Saudi Arabia raised a syndicated loan of $11 billion (SAR 41.25 billion) to fund a budget deficit, Bloomberg reported.   The 10-year loan was funded by a group of banks including Industrial and Commercial Bank of China, Citigroup Inc, First Abu Dhabi (FAB), and HSBC Holdings...

More Details

Business & Money | Friday 24 November, 2023 5:39 am

Floward eyes Tadawul IPO in early 2024: Report

Online flowers and gifts delivery app Floward is planning an initial public offering (IPO) on the Saudi Exchange (Tadawul) in early 2024, Bloomberg reported, citing sources familiar with the matter.   Floward hired Goldman Sachs Group and HSBC Holdings Plc to arrange the...

More Details

Business & Money | Friday 24 November, 2023 5:37 am

Naji Al-Tamimi named CEO of Insurance Authority

Saudi Arabia’s Insurance Authority (IA) announced today, Nov. 23, appointing Eng. Naji Al-Tamimi as CEO.     IA commenced operations 90 days after the publication of the Regulation of the Insurance Authority on Aug. 25.    Al-Tamimi has more than...

More Details

Environment & Energy | Friday 24 November, 2023 1:25 am

SEWA Digitally Transforms with SAP to Deliver Smart Solutions for Customers and Employees

Sharjah Electricity, Water and Gas Authority (SEWA) has announced its successful digital transformation powered by global technology company SAP SE. By implementing a comprehensive portfolio of SAP solutions including enterprise resource planning (ERP), HR management and industry-specific...

More Details

Environment & Energy | Thursday 23 November, 2023 12:26 pm

IEA calls on oil companies to devote half investments to clean energy by 2030

International Energy Agency (IEA) sees that oil producers need to put 50% of their capital expenditures towards clean energy projects by 2030 to align with the global climate targets.   Oil and gas companies currently account for just 1% of clean energy investment globally. In 2022,...

More Details

Business & Money | Thursday 23 November, 2023 12:16 pm

"Ports, Customs and Free Zone" holds the First Strategic Retreat to discuss the Indicators of its Strategic Plan

The Ports, Customs and Free Zone Corporation organized the first strategic retreat to discuss the indicators of its strategic plan for the years 2021-2025, in the presence of directors of departments and divisions and second-level employees, at the Queen Elizabeth II Hotel (QE2), with the aim of...

More Details

Environment & Energy | Thursday 23 November, 2023 12:06 pm

ARABAL 2023 Opens Today under the Patronage of H.E. Bandar AlKhorayef, Minister of Industry and Mineral Resources

Running its 25th edition and hosted by Ma’aden, the Arab International Aluminium Conference and Exhibition (ARABAL), the premier platform for the aluminium industry in the Arab world opens today at Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia. ARABAL was honoured to have H.E....

More Details

Business & Money | Thursday 23 November, 2023 12:04 pm

Investment Corporation of Dubai announces record Revenues, Net Profit, Assets and Equity.

ICD announced today its consolidated financial results for the six-month period ended 30 June 2023 having generated record Revenues of AED 145.1 Billion and a record Net Profit of AED 28.3 Billion.Revenues reached a record AED 145.1 Billion, up 20 per cent with an increase of AED 24.0 Billion...

More Details

Healthcare | Thursday 23 November, 2023 11:27 am

Emirates Home Nursing (EHN) Introduces Comprehensive Child-Care Program to Support UAE Families Throughout the Year

As nationals from over 200 countries have made UAE their home, the country continues to implement innovative and exciting measures to enhance the quality of life for its residents. In line with this commitment, Emirates Home Nursing (EHN) announces that its Comprehensive Newborn and Child-Care...

More Details

Technology & IT | Thursday 23 November, 2023 11:26 am

Intersec 2024 champions the UAE's airspace security with drone threat countermeasure workshop

According to a report by Innovius, the UAE drone market is expected to experience significant growth, with a projected increase in market size from $380 million in 2022 to $950 million in 2030. While safety regulations remain a priority, the utilisation of drones for various purposes, including...

More Details