Business & Money | Tuesday 13 August, 2024 10:54 am

Zain KSA names Saad Al Sadhan as Acting CEO

Mobile Telecommunication Company Saudi Arabia (Zain KSA) named Saad Al Sadhan as Acting CEO effective today, Aug. 13.The decision was based on a recommendation by the remuneration and nominations committee, according to a statement to Tadawul.Al Sadhan has over 20 years of experience in...

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Business & Money | Tuesday 13 August, 2024 10:39 am

Record-breaking Intersec Saudi Arabia sold out

Intersec Saudi Arabia, the country’s leading trade fair for security, safety and fire protection, has officially sold out two months ahead of the exhibition start date. A record number of 300 exhibitors, representing a 25% increase on last year’s number, and more than 17,000 visitors are...

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Business & Money | Tuesday 13 August, 2024 10:03 am

Emirates to introduce retrofitted Boeing 777s to Zurich, Riyadh

Emirates today announced plans to introduce its newly retrofitted Boeing 777s to two more cities - Zurich and Riyadh from 1st October 2024. In a statement on Tuesday, the airline said it will also layer on refurbished B777s to Geneva and Brussels operations, making them the first two cities in ...

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Business & Money | Tuesday 13 August, 2024 10:01 am

E7 Group reports H1 2024 net profit growth of 93%; EBITDA up 4%

E7 Group PJSC (“E7” or “the Group”), a provider of commercial printing, security printing and solutions, sustainable packaging, and distribution services (ADX: E7), today announced its results for the six-month period ended 30 June 2024. Ahmed Al Shamsi, Chairman of E7 Group, said:...

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Business & Money | Tuesday 13 August, 2024 9:57 am

du Youth Council launches entrepreneurial talent initiatives to empower youth

du, from Emirates Integrated Telecommunications Company (EITC), today announced the launch of educational initiatives designed to foster technological proficiency and innovation among the youth. These include launching the “Skillpreneurship” programme, an innovative initiative to empower...

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Business & Money | Tuesday 13 August, 2024 9:54 am

ADNOC’s listed companies post combined AED89 billion H1 2024 revenue

ADNOC Group’s listed portfolio companies have reported strong financial results for the second quarter and first half of 2024. The six companies reported AED89 billion in combined revenue, AED28.4 billion of earnings before interest, taxes, depreciation and amortisation (EBITDA) and net profit of ...

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Business & Money | Tuesday 13 August, 2024 9:49 am

Sharjah Chamber of Commerce and Industry, PROCOMER discuss participation in trade exhibits

The Sharjah Chamber of Commerce and Industry (SCCI) has engaged in discussions with an official delegation from the Costa Rican Foreign Trade Promoter (PROCOMER), exploring avenues for enhancing reciprocal participation in trade exhibitions hosted by both nations.Both sides also discussed fostering ...

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Business & Money | Tuesday 13 August, 2024 9:45 am

BSF to issue SAR-denominated additional Tier 1 sukuk

Banque Saudi Fransi (BSF) announced it started to issue a SAR-denominated additional Tier 1 sukuk under its SAR 8 billion Additional Tier 1 Capital Sukuk Program via a private placement in Saudi Arabia, according to a Tadawul statement.The number and value of sukuk to be offered will ...

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Business & Money | Tuesday 13 August, 2024 9:40 am

Schneider Electric Recognized as a Leader in Building Decarbonization Consulting by Independent Research and Advisory Firm

Schneider Electric, the leader in the digital transformation of energy management and automation, has earned the coveted position of a Leader in Verdantix’s recent report, Green Quadrant: Building Decarbonization Consulting 2024.  The buildings sector accounts for 37% of...

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Business & Money | Tuesday 13 August, 2024 9:33 am

Sports Boulevard Foundation wins “King Salman Charter for Architecture and Urbanism Award”

The Sports Boulevard Foundation has won the prestigious “King Salman Charter for Architecture and Urbanism award” organized by the Architecture and Design Commission. The award is in recognition of the project’s excellence in embracing the principles and standards of the charter through the...

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