Business & Money | Tuesday 25 March, 2025 2:41 pm

“Jazeera Paints” Organizes a Distinctive Ramadan Iftar Event

 “Jazeera Paints”, the leading company in the industry of paints, colors and construction solutions in KSA and MENA, In an atmosphere of warmth and unity, “Jazeera Paints”, the leading company in the industry of paints, colors and construction solutions in KSA and MENA, organized a...

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Business & Money | Tuesday 25 March, 2025 11:51 am

Seviora Group opens first Middle East office in ADGM

Seviora Group, a leading Asia-based asset management group with US$54 billion of assets under management and headquartered in Singapore, has announced the establishment of its Middle East office in the ADGM. The new office, coupled with Seviora’s existing offices in Singapore, India, China...

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Business & Money | Tuesday 25 March, 2025 11:49 am

ADCB credit rating upgraded to ‘A+’ by S&P driven by strong financial position, high asset quality

Abu Dhabi Commercial Bank (ADCB) has achieved an upgrade in its long-term issuer credit rating to ‘A+’ from ‘A’ with a ‘stable’ outlook by S&P Global Ratings driven by the Bank’s strong financial position and high asset quality. The upgrade places ADCB among the top three highest...

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Business & Money | Tuesday 25 March, 2025 11:46 am

Masdar to expand Endesa Partnership in AED1.4 billion renewable energy transaction, strengthening presence on Iberian Peninsula

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, announced today an agreement with Endesa S.A. to acquire a 49.99 percent stake in four solar plants in Spain, with a total capacity of 446 megawatts (MW). The transaction, which is subject to regulatory approvals and...

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Business & Money | Tuesday 25 March, 2025 11:43 am

Ajman leases hit AED4.9 billion in 2024, up 50%

Ajman Municipality and Planning Department announced that the value of rental transactions has increased in 2024. The total value of lease contracts reached AED4.929 billion. The value of lease contracts ​​recorded a growth of AED1.646 billion, with an increase of 50.13% compared to 2022,...

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Business & Money | Tuesday 25 March, 2025 11:41 am

Maqta Technologies Group, Indra Group to develop solutions for smart ports

AD Ports Group today announced a strategic partnership agreement signed between its digital arm, Maqta Technologies Group, and the Indra Group to explore opportunities for jointly offering digitalisation services and solutions for ports, logistics, and trade across Europe, the Middle East, and...

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Business & Money | Tuesday 25 March, 2025 11:38 am

Aramco completes 50% acquisition of BHIG

Saudi Arabian Oil Co. (Saudi Aramco) completed today, March 24, the acquisition of a 50% stake in the Jubail-based Blue Hydrogen Industrial Gases Co. (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). The deal brings together industry experts to supply hydrogen, including...

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Business & Money | Tuesday 25 March, 2025 11:34 am

SAIC inks SAR 100M credit facility deal with Alinma Bank

Saudi Advanced Industries Co. (SAIC) signed today, March 24, a Shariah-compliant credit facility agreement with Alinma Bank worth SAR 100 million, aimed to finance expanding the company’s investments. In a statement to Tadawul, SAIC said the one-year financing is guaranteed by a promissory...

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Business & Money | Tuesday 25 March, 2025 11:32 am

Off-plan property sales, lease rise 60% in 5 years: REGA

Sale and lease of properties off-plan in Saudi Arabia recorded an average annual growth rate of 60% over the past five years, Eqtisadiah reported, citing Spokesperson of Real Estate General Authority (REGA) Tayseer Al-Mufarrej. This increase reflects the growing interest from developers and...

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Business & Money | Tuesday 25 March, 2025 11:32 am

Continental celebrates 30-year legacy with 26% premium growth in 2024, expanding total active insurance coverage to $6.9 billion

Continental Group, a leading insurance intermediary and financial services provider, entered its 30th year of operations with significant growth across key metrics in 2024, reinforcing its position as a trusted partner in wealth management and insurance solutions in the Middle East. The company...

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