Business & Money | Monday 11 November, 2024 1:17 pm

KAOUN International and MODON Announce WAM Saudi Expo 2025: Catalysing Saudi Arabia's Industrial Future

In a momentous cooperation signalling a new era of industrial progress, KAOUN International, in strategic partnership with the Saudi Authority for Industrial Cities and Technology Zones (MODON), announces the World Advanced Manufacturing & Logistics Summit & Expo Saudi 2025 (WAM Saudi)....

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Business & Money | Monday 11 November, 2024 1:14 pm

DIFC completes on-time repayment of USD 700mn sukuk

 Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, today announced the full redemption and on-schedule repayment of a USD 700mn sukuk. This marks a significant milestone in implementing its sustainable...

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Business & Money | Monday 11 November, 2024 1:04 pm

ROSHN Group Reveals Rebranding and Evolution into Transformative Multi-Asset Developer to Drive Ambitious Future Strategies

In a strategic move that underscores its commitment to enhancing its core business of developing vibrant and sustainable destinations, ROSHN Group, Saudi Arabia's leading multi-asset class real estate developer and a Public Investment Fund (PIF) company, has introduced a new identity and strategic...

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Business & Money | Monday 11 November, 2024 1:00 pm

Arabian Drilling, Aramco extend land rig contract for SAR 440M

Arabian Drilling Co. (ADC) extended a long-term contract for one of its Saudi Aramco land rigs for SAR 440 million. The extension is for 10 years starting from the expiration of the current contract during the fourth quarter of 2024, the company said in a statement to Tadawul. There are...

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Business & Money | Monday 11 November, 2024 12:52 pm

MODON to establish 2 industrial complexes in Makkah, Al-Kharj at SAR 2B

The Saudi Authority for Industrial Cities and Technology Zones (MODON) concluded two contracts to establish two industrial complexes in the industrial cities of Makkah and Al-Kharj. According to a recent statement, the investments of the two contracts exceeded SAR 2 billion. The...

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Business & Money | Sunday 10 November, 2024 12:42 pm

Jabal Omar sells land plot for SAR 659.9M

Jabal Omar Development Co. sold on Nov. 7 a land plot in its Makkah-based project spanning 3,881 square meters (sq m) for SAR 659.9 million, the company said in a Tadawul statement. The transaction parties are Jabal Omar and Musharaka Capital, the statement said, adding that the asset book...

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Business & Money | Sunday 10 November, 2024 12:40 pm

Gracia Group, Emirates Agricultural Pioneers Association provide one million seedlings for distribution to Emirati homes

As part of the ‘Plant the Emirates’ National Programme and in line with the objectives of the ‘National Agriculture Centre’, Gracia Group and the Emirates Agricultural Pioneers Association, held a high-level event that involved providing one million seedlings of ornamental plants and fruit...

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Business & Money | Sunday 10 November, 2024 12:34 pm

AED 1.3 billion of real estate transactions in Central, Eastern regions of Sharjah

A recently published report on the movement of real estate transactions, issued by Sharjah Real Estate Registration Department, has revealed that the cash trading volume in the “Central and Eastern” regions of the emirate reached AED 1.3 billion during the first nine months of 2024, and with a...

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Business & Money | Sunday 10 November, 2024 12:30 pm

UAE hosts GCC workshop on financial action task force mutual evaluation strategies

The UAE’s National Anti-Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC) hosted a collaborative workshop with the Cooperation Council for the Arab States of the Gulf (GCC), counterparts to discuss the Financial Action Task...

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Business & Money | Sunday 10 November, 2024 12:17 pm

Alesayi Holding Group Showcases Latest Real Estate Innovations and Projects at Cityscape 2024

 Alesayi Holding Group is gearing up for a significant presence at Cityscape 2024, taking place in Riyadh from November 11 to 14. The Group will represent four of its leading real estate subsidiaries: Aqarat for Development and Growth, Saudi Real Estate Development Company, Alesayi...

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