Business & Money | Saturday 30 March, 2024 5:11 am

Bank Alfalah offers to buy SNB’s full stake in Samba Pakistan

Pakistan’s Bank Alfalah Limited submitted a non-binding indicative offer to Saudi National Bank (SNB), offering to acquire its entire stake in Samba Bank Pakistan.   In a statement to Pakistan Stock Exchange (PSX) today, March 29, Bank Alfalah said the deal closure depends is...

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Business & Money | Saturday 30 March, 2024 5:10 am

Dubai Electricity and Water Authority PJSC shareholders approve payment of AED 3.1 billion in dividends

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider and majority owner of the largest cooling services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders ...

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Business & Money | Saturday 30 March, 2024 5:06 am

AZIZI DEVELOPMENTS’ FOUNDER & CHAIRMAN, MR. MIRWAIS AZIZI, RECEIVES MEDAL OF HIS HIGHNESS SHEIKH MOHAMMED BIN RASHID AL MAKTOUM FOR PHILANTHROPY

Representing a moment of pride and privelege for Azizi Developments, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, bestowed Mr. Mirwais Azizi, Founder and Chairman of Azizi Developments, with the ‘Medal of His Highness Sheikh...

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Business & Money | Friday 29 March, 2024 5:41 am

Ministry of Finance Publishes Saudi Arabia’s Green Financing Framework

The Ministry of Finance has published the Kingdom of Saudi Arabia Green Financing Framework in one of the Financial Sector Development Program initiatives, to drive the Kingdom toward sustainability and net zero emissions through the Circular Carbon Economy approach.The framework also highlights...

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Business & Money | Friday 29 March, 2024 5:38 am

GASTAT Issues FDI Statistics for Q4 of 2023

The General Authority for Statistics (GASTAT) issued today the Foreign Direct Investment (FDI) statistics for Q4 of 2023, which show that the net flow of FDI in Saudi Arabia amounted to over SAR13 billion, an increase of 16.0%, or SAR11 billion, compared to Q3 of the same year.Total FDI in the...

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Business & Money | Friday 29 March, 2024 4:54 am

Trakhees” runs more than 22,000 Inspections reporting 450 violations during 2023

the Department of Planning and Development - Trakhees, the regulatory body of the Ports, Customs, and Free Zone Corporation, ramped up its inspection efforts in retail facilities across its designated development zones. These efforts involved over 22,249 inspection tours, leading to the...

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Business & Money | Friday 29 March, 2024 12:59 am

Mastercard report finds human connections and technological innovation are key for Cities of the Future

Three in four people would be happier living in a smart and connected city, according to a new report by Mastercard, which features insights related to human aspirations and technological progress for cities of the future in the Middle East. By 2050, two-thirds of the world’s population will be...

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Business & Money | Thursday 28 March, 2024 4:06 pm

Peikko Gulf undertakes Ras Al Khaimah facility expansion to boost manufacturing for construction sector

International supplier of building materials, Peikko Gulf expanded its Ras Al Khaimah facility to boost its manufacturing capabilities by around 40%. With the facility now spanning nearly 23,000 m2 and new machinery added to its existing fleet, the company will serve the growing market needs and...

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Business & Money | Thursday 28 March, 2024 4:01 pm

The ‘Strategic Thinking’ session: Ajman DOF’s journey towards achieving Ajman Vision 2030

The Strategy and Project Management Office at the Ajman Department of Finance convened a ‘Strategic Thinking’ session led by His Excellency Marwan Al Ali, Director General of the Department. Participants of the session, which aimed to formulate an ambitious new strategy aligned with the...

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Business & Money | Thursday 28 March, 2024 3:17 pm

RCJY says every riyal invested matched by SAR 8.9 from private sector

The president of the Royal Commission for Jubail and Yanbu (RCJY), Khalid Al-Salem, said that every riyal invested by the government through the commission was matched by SAR 8.9 investments from the private sector. Al-Salem indicated that the commission plans to reach SAR 9 in...

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