Business & Money | Friday 22 November, 2024 3:43 am

SNB completes SAR 6B sukuk issue

Saudi National Bank (SNB) announced completing the issuance of SAR-denominated additional Tier 1 sukuk worth SAR 6 billion.   The sukuk issue will be settled today, Nov. 21, the lender said in a statement to Tadawul.   Sukuk Issue DetailsOffer...

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Business & Money | Friday 22 November, 2024 3:41 am

SAR seeks to bring local content to 60% in 2025: CEO

Bashar AlMalik, CEO of Saudi Railway Co. (SAR), said that the company aims to increase the percentage of  local content to 60% in 2025, and that the spending value will reach SAR 15 billion in 2030.  In a statement to CNBC Arabia, the top executive indicated that the investment...

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Business & Money | Friday 22 November, 2024 3:39 am

Maaden offers SAR 4B investment opportunities for private sector

Saudi Arabian Mining Co. (Maaden) has over 52 investment opportunities worth more than SAR 4 billion for the private sector, said Abdullah Al Osaimi, Senior Vice President, Procurement & Business Support. Opportunities worth SAR 1.3 billion are set to be implemented in the near future, Al...

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Business & Money | Friday 22 November, 2024 3:37 am

Half of units offered in Diriyah under several brands sold: DGDA CEO

Diriyah Gate Development Authority’s (DGDA) CEO Jerry Inzerillo said that the project will be ready to receive 3 million visitors by the Founding Day, February 22, 2025.  In an interview with Al-Ekhbariya TV,  Inzerillo added that the project is being implemented as scheduled and...

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Business & Money | Friday 22 November, 2024 3:35 am

First Mills gets GFSA nod on flour exports

First Milling Co. (First Mills) received the General Food Security Authority’s (GFSA) approval to export flour to regional and international markets, the company said in a statement to Tadawul.   The approval follows a decision by GFSA board of directors, allowing licensed Saudi...

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Business & Money | Thursday 21 November, 2024 11:57 am

Dubai set to host WORLDEF Dubai 2024 forum on 4-5 December

Under the patronage and in the presence of H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority (DIEZ), Dubai CommerCity – the region's first and leading free zone dedicated exclusively to digital commerce and a joint venture between DIEZ and Wasl...

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Business & Money | Thursday 21 November, 2024 11:54 am

Ministry of Energy and Infrastructure highlights UAE’s sustainable building measures at COP29

At the 29th UN Climate Change Conference (COP29), taking place in Baku, Azerbaijan, Sheikh Naser Al Qassimi, Assistant Under-Secretary for the Infrastructure and Transport Sector at the Ministry of Energy and Infrastructure (MoEI), participated in a High-Level Roundtable on Green Construction and...

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Business & Money | Thursday 21 November, 2024 11:52 am

Fastmarkets, Emirates Steel sign five-year partnership to bolster UAE's role in global iron, steel industry

Fastmarkets and Emirates Steel – part of EMSTEEL group – announced the signing of an agreement establishing a five-year strategic partnership. Under this agreement, Emirates Steel will serve as the "Regional Host Sponsor" for the annual Middle East Iron & Steel Conference from 2024 to...

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Business & Money | Thursday 21 November, 2024 11:51 am

11 startups compete in final stage of Access Sharjah Challenge 2024

The Sharjah Entrepreneurship Center (Sheraa) concluded its Access Sharjah Challenge (ASC) 2024 with a Pitch Day at Sheraa's headquarters, focusing on AgriTech and Livestock Health. The event highlighted innovations from 11 shortlisted startups, selected from a record 2,207 global applications...

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Business & Money | Thursday 21 November, 2024 11:45 am

HFZA launches Seagull New Horizon offshore and Maritime’s facility

The Hamriyah Free Zone Authority (HFZA) in Sharjah has announced the launch of Seagull New Horizon offshore and Maritime’s new 162,000-square-foot facility within the free zone. The establishment is an investment by Singapore-based Seagull Pte Ltd, a global leader in maritime services and...

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