Business & Money | Sunday 12 May, 2024 9:35 am

Johnson Controls to export Saudi-made cooling units to Europe, eyes China: CEO

Mohanad Al Shaikh, CEO of Johnson Controls Arabia, said that exporting Saudi-made air conditioners to the US market today is merely the result of work done over the past years. Other agreements will be signed in the coming months to export to European markets. The company exports to more than...

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Business & Money | Sunday 12 May, 2024 9:32 am

Saudi EXIM Bank seeks to provide SAR 20B financing in 2024: CEO

Saudi EXIM Bank managed to find credit solutions of over SAR 10 billion during the first four months of 2024. It aims to provide a financing and insurance value for industrialists of around SAR 20 billion by year-end, CEO Saad Alkhalb told Asharq Alawsat newspaper. The bank aims to quadruple...

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Business & Money | Sunday 12 May, 2024 9:31 am

AviLease delivers 2 Boeing 737-8 aircraft to Air India Express

AviLease, a wholly owned subsidiary of the Public Investment Fund (PIF), delivered two Boeing 737-8 aircraft to Air India Express. These two aircraft are the first in a batch of six that will be delivered by AviLease to the airline in 2024 and 2025, AviLease said in a statement. Edward...

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Business & Money | Sunday 12 May, 2024 9:23 am

Saudi Arabia offers financial incentives to 490 factories: Official

Financial incentives were offered to more than 490 factories through several initiatives and programs within the Future Factories Program, said Al-Bader Fouda, Acting Undersecretary of Industrial Development and Supervisor of the Empowerment Agency. The program aims to transform 4,000...

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Business & Money | Sunday 12 May, 2024 9:17 am

UAE a gateway for Chinese companies to expand into GCC, African markets: Under-Secretary for Financial Services and Treasury in Hong Kong

Joseph Chan, Under-Secretary for Financial Services and the Treasury at the Government of the Hong Kong Special Administrative Region, highlighted the ongoing efforts to strengthen relations with the UAE, to help pave the way for the expansion of Chinese companies into the markets of the Gulf...

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Business & Money | Sunday 12 May, 2024 9:12 am

SBWC, AUS launch data-driven round table series empowering women entrepreneurs

Sharjah Business Women Council (SBWC), in collaboration with the American University of Sharjah (AUS), has launched a round table discussion series, designed to enhance entrepreneurial sectors within the UAE, particularly for women. The sessions, placing a strong focus on educational aspects...

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Business & Money | Sunday 12 May, 2024 8:23 am

Abu Dhabi non-oil exports to Poland soars 253% in 2023

Abu Dhabi’s non-oil exports to Poland have soared 253% in 2023, reflecting success of efforts made by the Abu Dhabi Department of Economic Development (ADDED) to deepen economic relations. This was announced at the 2nd Business Forum between Abu Dhabi and Poland, held in Silesia Region,...

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Business & Money | Sunday 12 May, 2024 8:08 am

CHALHOUB GROUP PUBLISHES SUSTAINABILITY REPORT 2023 FURTHER EMBEDDING ENVIRONMENTAL

 Chalhoub Group announced the launch of its annual Sustainability Report for 2023. The verified report represents the Group’s 10th edition, prepared in accordance with the Global Reporting Initiatives (GRI) Standards Core while showcasing Chalhoub Group’s concerted efforts towards...

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Business & Money | Sunday 12 May, 2024 1:05 am

REGA has e-network to monitor real estate transactions: Official

The Real Estate General Authority (REGA) has an e-network to monitor all real estate transactions in the Saudi market, starting from linking more than one network with the authority and the 34 licensed real estate platforms, Al Ekhbariya TV reported, citing Spokesperson Tayseer...

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Business & Money | Sunday 12 May, 2024 12:07 am

Enhancing Saudi-Thai trade relations ‘important’: Minister

Majid Al-Qasabi, Minister of Commerce and Chairman of General Authority of Foreign Trade (GAFT), highlighted the importance of enhancing trade between Saudi Arabia and Thailand, indicating that the Kingdom believes in the significance of boosting trade exchange between the two...

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