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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Business & Money | Thursday 21 November, 2024 11:34 am

UAE, Egypt sign MoUs in manufacturing, renewable energy, developing industrial zone in East Port Said

Dr. Mostafa Madbouly, Prime Minister of Egypt, Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, Kamel Al Wazir, Deputy Prime Minister for Industrial Affairs and Egypt's Minister of Industry and Transport, Dr. Mahmoud Esmat, Egypt's Minister of Electricity and Renewable Energy,...

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Business & Money | Thursday 21 November, 2024 11:31 am

Snapchat opens office in Riyadh

Snapchat Inc. opened an office and a content creators' council in Riyadh, with the inauguration attended by Minister of Communications and Information Technology Abdullah Alswaha and Minister of Investment Khalid Al-Falih. During the event, Alswaha highlighted Snapchat’s significant role in...

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Business & Money | Thursday 21 November, 2024 11:26 am

SAB plans to issue SAR-denominated Additional Tier 1 Sukuk

Saudi Awwal Bank (SAB) plans to issue a SAR- denominated additional Tier 1 Sukuk through a private placement in Saudi Arabia, aligning with its SAR 20 billion additional Tier 1 Sukuk issuance program, according to a statement to Tadawul. The bank mandated HSBC Saudi Arabia as sole lead manager ...

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Business & Money | Thursday 21 November, 2024 11:22 am

Jadwa Investment Signs Agreements Worth SAR 9 Billion in Real Estate Projects at Cityscape Global

Jadwa Investment signed an MoU and agreements worth SAR 9 billion in real estate at Cityscape Global 2024 last week. In a statement, Jadwa said that the MoU and agreements were signed with Real Estate Development Fund (REDF), Dar Al Majed Company, and Zood Real Estate, for multiple real estate ...

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Business & Money | Thursday 21 November, 2024 11:17 am

Jabal Omar sells land plot for SAR 1.1B, gains SAR 818.2M

Jabal Omar Development Co. (JODC) signed, on Nov. 20, an agreement to sell a land plot for SAR 1.07 billion in its Makkah project to Hamad Al Mohaissin. In a statement to Tadawul, JODC said the land’s book value stands at SAR 254.12 million, including the development value. The land plot...

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