Business & Money | Thursday 27 June, 2024 11:50 am

ACWA Power inks SAR 12.3B PPAs for 3 energy projects

ACWA Power Co. signed, on June 26, power purchase agreements (PPAs) worth SAR 12.3 billion ($3.3 billion) to develop, implement, and operate three major solar photovoltaic (PA) energy projects in Haden, Muwayh and Al Khushaybi. In a statement to Tadawul, ACWA Power said the projects are...

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Business & Money | Thursday 27 June, 2024 10:59 am

Leading Mobility Stakeholders Gather in Riyadh for GEMTECH Forum 2024

 Saudi Arabia’s Premier mobility event, Global EV & Mobility Technology Forum (GEMTECH), will open its doors to global and regional mobility stakeholders in less than three weeks at Riyadh  International  Convention & Exhibition  Center(RICEC). The Show will host a...

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Business & Money | Thursday 27 June, 2024 10:29 am

Advancements in 3D Printing Construction and its Contribution to UAE's Net Zero by 2050 Initiative

In recent years, the UAE has emerged as a global leader in adopting innovative technologies to achieve sustainability goals. One of the most promising advancements is in the realm of 3D printing construction, which is revolutionizing the building industry and contributing significantly to the UAE's ...

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Business & Money | Thursday 27 June, 2024 10:13 am

Dubai Mercantile Exchange Welcomes Saudi Tadawul Group as New Strategic Shareholder

Further to the announcement made on 18 January 2024 with respect to a binding agreement to acquire a 32.6% strategic stake in DME Holdings Limited, Saudi Tadawul Group Holding Company (the Group), a leading diversified capital markets group in the MENA region, is pleased to announce that it has...

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Business & Money | Thursday 27 June, 2024 10:06 am

US dollar-denominated 10-year USD 1.50 billion bond, maturing in July 2034

 The Ministry of Finance, has successfully closed its offering of a US dollar-denominated 10-year USD 1.50 billion bond, maturing in July 2034. Issued with a yield of 4.857%, the bond represents a spread of 60 basis points over US Treasuries. The bond will be listed on the London Stock...

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Business & Money | Thursday 27 June, 2024 9:56 am

Al Hilal Bank Launches Instant Digital Shariah-compliant Subscription Service for Initial Public Offerings

Al Hilal Bank, a subsidiary of the ADCB Group and a progressive Islamic digital bank, has signed an agreement with the Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, to offer instant subscriptions to all Shariah-compliant Initial Public Offerings (IPOs) on...

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Business & Money | Thursday 27 June, 2024 7:55 am

First Mills inks SAR 150M financing deal with SIDF

First Mills Co. signed on June 25 a SAR 150 million financing facility agreement with the Saudi Industrial Development Fund (SIDF) to refinance working capital, boost business operations and enhance expansions and growth, according to a statement to Tadawul.The facility will extend for 24 ...

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Business & Money | Wednesday 26 June, 2024 2:34 pm

Emirates NBD and Jarir Bookstore Sign Memorandum of Cooperation to enhance customer experience for clients.

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, have announced the signing of a cooperation agreement with Jarir Bookstore, aimed at enhancing the customer experience by offering exclusive services and benefits to their clients. This...

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Business & Money | Wednesday 26 June, 2024 10:04 am

TVM Capital Healthcare Announces USD 35 Million Investment into Boston Oncology Arabia

 TVM Capital Healthcare, an international healthcare expansion and growth capital firm, today announced a USD 35 million investment in Boston Oncology Arabia, a bio-generic drugs manufacturing company based in the Kingdom of Saudi Arabia. From its headquarters in Riyadh and production facility ...

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Business & Money | Wednesday 26 June, 2024 9:52 am

SEDD, Huawei exchange technological solutions

Hamad Ali Abdalla Al Mahmoud, Chairman of Sharjah Economic Development Department (SEDD), received a delegation from Huawei Technologies Co. headed by Wharton Huang, Head of Government and International Cloud. The meeting aimed to enhance collaboration in modern technology following the visit...

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