Business & Money | Sunday 2 June, 2024 9:30 am

AD Ports Group, Economic Development Board of Madagascar sign MoU to explore development of ports, maritime, logistics

AD Ports Group (ADX: ADPORTS), and the Economic Development Board of Madagascar have today signed of a Memorandum of Understanding (MoU), to explore a dynamic partnership focused on bolstering commercial opportunities across maritime, industry and logistics sectors in Madagascar. The MoU was...

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Business & Money | Sunday 2 June, 2024 9:28 am

ADNOC awards 3% interest in SARB, Umm Lulu concession to SOCAR

ADNOC announced today it has signed an agreement to award a 3% participating interest in the SARB and Umm Lulu offshore concession to SOCAR. This award builds on the strategic energy partnership between the United Arab Emirates and Azerbaijan and deepens ADNOC's growing partnership with SOCAR...

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Business & Money | Sunday 2 June, 2024 9:26 am

One B Tower launched as part of One Billion Meals Endowment campaign

Wasl has announced the successful launch of the luxurious One B Tower, where phase 1 and 2 units have sold out within two days of launch. Units at the luxurious development went on sale on the 29th and 30th of May and received an outstanding response from buyers. Wasl released Phase 3 to meet the...

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Business & Money | Sunday 2 June, 2024 9:24 am

Etihad Airways, Beijing Daxing International Airport to strengthen strategic cooperation

Etihad Airways, the national airline of the United Arab Emirates, and Beijing Daxing International Airport of Capital Airport Holding Company, today signed a Memorandum of Understanding at the UAE-China Business & Investment Forum. The MoU marks a further deepening of the partnership...

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Business & Money | Sunday 2 June, 2024 9:13 am

Obeikan Glass secures SAR 50M credit facilities from SAB

Obeikan Glass Co. obtained Shariah-compliant credit facilities worth SAR 50 million from Saudi Awwal Bank (SAB). The one-year facilities are guaranteed by a promissory note, the company said in a statement to Tadawul. The loan is intended to finance the...

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Business & Money | Sunday 2 June, 2024 9:06 am

Group Five signs SAR 1.3B contract with Saudi Aramco

Group Five Pipe Saudi Co. signed, on May 30, a contract worth SAR 1.3 billion (VAT inclusive) with  Saudi Aramco for manufacturing and supplying spiral-welded steel pipes, according to a statement to Tadawul. Under the 12-month contract, the company will manufacture and supply...

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Business & Money | Sunday 2 June, 2024 8:45 am

Riyadh Air chooses Creative Director Ashi as its cabin crew fashion designer

Riyadh Air has selected world-renowned Saudi Arabian fashion designer Ashi to design and create the airline’s first-ever cabin crew fashion line. The partnership marks another groundbreaking milestone for the Kingdom’s new start-up airline, which is set to combine spectacular high fashion and...

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Business & Money | Saturday 1 June, 2024 3:57 pm

Dubai Civil Aviation Authority visits China's Meituan Company to Exchange Safety Expertise

A delegation from the Dubai Civil Aviation Authority, led by Ahmed Salem Al Saabri Director Aviation & Airports Safety and Maitha Hadef Al Ali from the Aviation Safety and Environment Sector, paid an official visit to Meituan Company in Shenzhen, People's Republic of China, believing in...

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Business & Money | Saturday 1 June, 2024 3:52 pm

Remat Al-Riyadh inks outdoor advertising investment contracts

Remat Al-Riyadh Development Company, the development arm of the Riyadh Region Municipality and a strategic enabler for private sector involvement in municipal development, has signed the second batch of outdoor advertisement investment contracts, unlocking a total revenue of more than SAR 500...

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Business & Money | Saturday 1 June, 2024 3:42 pm

Makkah Municipality to offer 100 Investment opportunities this year

The Holy Makkah Municipality expected the number of projects and investment opportunities to be offered in Makkah this year to exceed 100. Al-Eqtisadiah newspaper reported that 19 investment projects were offered in the first quarter of 2024. These projects included the development of the...

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