Business & Money | Tuesday 23 July, 2024 9:38 am

Emirates Integrated Telecommunications Company PJSC Reports its Q2 2024 Results

Emirates Integrated Telecommunications Company PJSC announced its financial results for Q2 2024. Revenues increased by 7.3% to AED 3.6 billion demonstrating our strong product offerings. EBITDA increased by 3.2% to AED 1.6 billion reflecting the top line growth. Net Profit reached AED 581 million,...

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Business & Money | Tuesday 23 July, 2024 8:41 am

Dubai Customs with Indonesian delegation discuss ways to boost the Comprehensive Partnership Agreement

As part of maintaining a fruitful and distinguished relationship between the United Arab Emirates and the Republic of Indonesia, Dubai Customs received a high-level Indonesian delegation headed by H.E. Hussein Bajis, Ambassador of the Republic of Indonesia to the UAE, and group of Indonesian...

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Business & Money | Monday 22 July, 2024 10:02 am

World Green Economy Summit: Global platform supporting transition to green, sustainable economy

Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the World Green Economy Summit (WGES), launched 10 years ago, has consolidated its position as a cornerstone for achieving the sustainable development goals and the...

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Business & Money | Monday 22 July, 2024 9:39 am

UAE, China sign MoU to boost air transport relations

The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), held a round of Air Services Consultation’s with the Civil Aviation Authority of the People's Republic of China (CAAC) on 16th and 17th July in the Chinese capital, Beijing. The aim was to enhance bilateral ...

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Business & Money | Monday 22 July, 2024 8:58 am

Azizi Developments partners with Spain’s Atec Pools for Azizi Venice and Riviera

Azizi Developments, a leading private developer in the UAE, has signed an agreement with Atec Pools, the top swimming pool construction and maintenance company, for the supply of high-end swimming pool equipment for its mixed-use development, Azizi Venice, in Dubai South, and the fourth phase of...

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Business & Money | Monday 22 July, 2024 8:55 am

Aramco awards Engineering and Project Management agreement to Dar

Dar Al-Handasah Consultants, (Shair and Partners), a Sidara Company, under an amendment to an existing framework agreement, will provide consultancy services, including engineering, design, project management, and multidisciplinary services for both existing and new infrastructure projects led by...

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Business & Money | Monday 22 July, 2024 8:51 am

Ladun subsidiary wins SAR 120.6M project with Jazan City

Ladun Investment Co.’s subsidiary, Built Industrial Co., was awarded a SAR 120.57 million (including VAT) project by Jazan City for Primary & Downstream Industries, according to a statement to Tadawul. The project includes executing all the necessary work to construct buildings and...

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Business & Money | Sunday 21 July, 2024 10:53 am

PIF offers to up stake in Selfridges to 50%: Report

The Public Investment Fund (PIF) has made an offer to raise its stake in Selfridges to 50%, according to documents seen by Bloomberg News.The Kingdom’s sovereign wealth fund already owns a 10% share in the Selfridges properties and has offered to buy the remaining 40% stake for a cash price...

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Business & Money | Sunday 21 July, 2024 10:42 am

Alandalus constructs commercial center in Makkah for SAR 831 million including land value

Alandalus Property Co. began construction of a qualitative commercial center in Makkah, at a total estimated cost of SAR 831 million including the value of land. In a statement to Tadawul, the company said that the project will be financed mainly by bank loans through the project company, and...

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Business & Money | Sunday 21 July, 2024 10:37 am

Budget Saudi completes acquisition of AutoWorld

United International Transportation Co. (Budget Saudi) announced completing the acquisition of Al Jazira Equipment Co. (AutoWorld) through Aljozoor Alrasekha Trucking Co. (Rahaal), its wholly owned subsidiary, according to a statement to Tadawul.  Budget Saudi completed the...

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