Business & Money | Sunday 16 March, 2025 12:44 pm

Future Hospitality Summit (FHS) Saudi Arabia.. Pre-event Feature: Voices of Female Leaders in Hospitality

In celebration of International Women’s Day this month, we shine a spotlight on female leaders in the hospitality industry in Saudi Arabia. With Vision 2030 as a driving force, the Kingdom has unlocked unprecedented opportunities for women to lead, innovate, and shape the future of tourism and...

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Business & Money | Sunday 16 March, 2025 12:40 pm

Energy source integration aims to meet global demand: Aramco Exec

Ashraf Al Ghazzawi, Executive Vice President of Strategy & Corporate Development at Saudi Aramco, said the future of energy lies in integrating both new and conventional sources to meet the rising global demand. Hydrocarbons still dominate the energy market, with oil, gas, and coal...

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Business & Money | Sunday 16 March, 2025 12:35 pm

Rating upgrade allows Saudi to issue more favorable bonds, sukuk: NDMC

The National Debt Management Center (NDMC) said that Saudi Arabia’s credit rating upgrade by S&P Global will allow the Kingdom to issue international bonds and sukuk with more favorable financial terms, while reducing borrowing costs. This will, in turn, support development projects and...

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Business & Money | Sunday 16 March, 2025 12:33 pm

Armah inks contract to set up 2 clubs for SAR 51.5M

Armah Sports Co. signed a contract with Gulf Architects for Contracting Co. (GAC) to establish two sports clubs for women and men at a total value of SAR 51.5 million. In a statement to Tadawul, the company said that the contract is valid for 14 months from the signing date, and the...

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Business & Money | Sunday 16 March, 2025 12:22 pm

GULFNAV Shareholders Approve Strategic Acquisition of Brooge Energy Limited’s Assets and Companies for AED 3.2 Billion

Gulf Navigation Holding PJSC (“GULFNAV”), the Dubai Financial Market listed maritime and shipping company, announced today that its shareholders have approved the strategic acquisition of assets and companies owned by Brooge Energy Limited ("BEL"). The approval was granted at the General...

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Business & Money | Sunday 16 March, 2025 12:19 pm

Bank of Sharjah achieves record net profit of AED385 in 2024

Bank of Sharjah has announced its financial results for the year ended 31st December 2024, reporting a record profit before tax of AED416 million. With net profit after tax soaring to AED385 million, the bank's exceptional performance was driven by strong revenue growth, effective cost control ...

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Business & Money | Sunday 16 March, 2025 12:14 pm

Abu Dhabi Fund for Development launches AED440 million “Sofitel Legend Pyramids Giza” in Egypt

The Abu Dhabi Fund for Development (ADFD) has announced the launch of the “Sofitel Legend Pyramids Giza” project as part of its efforts to support and revitalise Egypt’s tourism sector and enhance strategic investments. This luxury five-star hotel will be a landmark addition to the...

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Business & Money | Sunday 16 March, 2025 12:12 pm

DPW and DAW Reinforce Shared Vision for Sustainable Infrastructure with Strategic PRC Facility Visit

The Department of Public Works (DPW) and Dar Alwd Construction (DAW) reaffirmed their shared commitment to sustainable, high-performance infrastructure solutions during a strategic visit to the PRC manufacturing facility in Qatar.  The visit provided key insights into material innovation, ...

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Business & Money | Sunday 16 March, 2025 12:09 pm

DAE signs definitive agreements to acquire 17 aircraft for $1.0 bln

Dubai Aerospace Enterprise (DAE) Ltd today announced that it had recently signed agreements with multiple counterparties to acquire 17 aircraft for an aggregate consideration of approximately US$1.0 billion. This portfolio comprises 100 percent next-generation aircraft, of which 89 percent are ...

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Business & Money | Sunday 16 March, 2025 12:07 pm

Sharjah real estate transactions hit AED3.5 billion in February

The monthly statistical data issued by the Sharjah Real Estate Registration Department revealed that the volume of real estate transactions across various regions and cities in Sharjah amounted to AED3.5 billion during February 2025, with a total of 7,768 transactions. The total area traded in ...

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