Business & Money | Saturday 21 September, 2024 8:07 am

Azizi Developments, Scame Parre S.p.A. partner for electrical infrastructure solutions

Azizi Developments, a leading private developer in the UAE, has announced its partnership with Italian manufacturer Scame Parre S.p.A., which designs and produces industrial connectors, distribution equipment, automation solutions and more, for the supply of high-end ceiling rose and fire rated...

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Business & Money | Saturday 21 September, 2024 7:59 am

The Saudi Exports Development Authority (represented by ‘Made in Saudi’ Program) and Nahdi Medical Company Sign an MOU

 In an effort to support national products and enhance their presence across Nahdi Medical Company’s network of branches, a leader in the pharmacy retail sector in Saudi Arabia, the Saudi Exports Development Authority ‘Saudi Exports’, represented by the ‘Made in Saudi’ program,...

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Business & Money | Saturday 21 September, 2024 7:46 am

RAKEZ teams up with The Dollar Business to empower clients with cutting-edge trade solutions

 Ras Al Khaimah Economic Zone (RAKEZ) and The Dollar Business FZ-LLC (TDB) have signed a Memorandum of Understanding (MoU), marking the beginning of a new era of technological inclusivity in international trade for global enterprises. This partnership will enable RAKEZ-registered companies to...

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Business & Money | Saturday 21 September, 2024 7:36 am

IBM launches Himmah in the Kingdom, an associate program to upskill the next generation of Saudi technology leaders

IBM, a leading provider of global hybrid cloud, AI, and consulting expertise, announced today the launch of Himmah (meaning ‘determination’), the local edition of the IBM Consulting Associates program designed to train and upskill local Saudi talent. The announcement was made at Think...

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Business & Money | Saturday 21 September, 2024 7:33 am

HALO Space Announces Its Localization Plans in the Kingdom of Saudi Arabia and Confirms Upcoming Test Flight

 HALO Space, a global leader in near-space tourism, today announced the establishment of final assembly and testing facilities in the Kingdom of Saudi Arabia. This milestone, revealed during an exclusive media event in Riyadh, marks a significant step forward in HALO’s strategic partnership...

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Environment & Energy | Friday 20 September, 2024 12:43 pm

MoEI develops Federal Roads Service Platform to eliminate bureaucracy

The Ministry of Energy and Infrastructure (MoEI) announced developing the Federal Roads Service Platform for issuing and renewing NOC for road works. The move is in line with the Zero Government Bureaucracy programme. Mohamed Almail, Assistant Undersecretary for the Federal Infrastructure...

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Business & Money | Friday 20 September, 2024 12:39 pm

AD Ports Group signs agreements to refinance $2.25 billion debt

AD Ports Group has signed agreements with two UAE banks to refinance its syndicated loan of US$2.25 billion at more favourable terms, which would enable the Group to save up to AED44 million (US$12 million) in finance costs over the next 12 months. The new facilities will give the Group...

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Business & Money | Friday 20 September, 2024 12:36 pm

MESC inks SAR 100M credit facilities deal with Alinma Bank

Middle East Specialized Cables Co. (MESC) signed a Shariah-compliant credit facilities agreement worth SAR 100 million with Alinma Bank.   In a statement to Tadawul today, Sept. 19, the company said the one-year financing is guaranteed by promissory notes worth 110% of the total ...

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Business & Money | Friday 20 September, 2024 12:32 pm

MIS signs SAR 93.7M deal with Saudi Electricity

Al Moammar Information Systems (MIS) signed today, Sept. 19, a SAR 93.73 million contract, including VAT, with Saudi Electricity Co. for enhancing the latter’s network infrastructure and communication. The three-year contract will have a positive financial impact starting from Q1...

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Government | Friday 20 September, 2024 12:25 pm

King Salman launches King Salman Nonprofit Foundation

The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, announced today, Sept. 19, the launch of King Salman Nonprofit Foundation.   Investing in people, fostering their culture, and strengthening pride in their identity are a path the Kingdom will always follow,...

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