Business & Money | Friday 22 March, 2024 1:48 am

Azizi Developments’ Amber in Al Furjan reaches 76% construction completion

Azizi Developments, a leading private developer in the UAE, has announced the 76% construction completion of Amber, its premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan.  Comprising a mix of studios, one-, two- and three-bedroom residences, Amber is due for...

More Details

Business & Money | Friday 22 March, 2024 1:46 am

"Ports, Customs and Free Zone" organizes the Annual Ramadan Gathering

Under the patronage of H.E. Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation (PCFC), the Corporation hosted the annual Ramadan gathering at the suhoor table on the Queen Elizabeth II (QE2) ship in Dubai. This initiative reflects the...

More Details

Business & Money | Friday 22 March, 2024 1:41 am

Saudia Technic and flyadeal Secure Major Maintenance Contract at MRO Middle East Conference in Dubai

At the prestigious Dubai MRO Middle East 2024 Conference, Saudia Technic is proud to announce that flyadeal has awarded it a significant contract for the completion of 10 C checks on its Airbus A320neo fleet throughout 2024. This achievement underscores Saudia...

More Details

Business & Money | Friday 22 March, 2024 12:06 am

eWTP Arabia Capital Portfolio Companies Strengthen Saudi Presence and Partnerships at LEAP 2024

eWTP Arabia Capital (eWTPA), a growth-stage investor headquartered in Riyadh and Asia Tech Partner of LEAP 2024, showcased its commitment to fostering innovation and partnership building at the recent event. Leveraging its position, eWTPA facilitated significant collaborations with the Saudi...

More Details

Business & Money | Thursday 21 March, 2024 11:04 am

Gold prices surpass $2,200 for first time ever

Gold prices jumped today, March 21, above $2,200 for the first time ever after the Federal Reserve kept interest rates unchanged and maintained its view for the number of cuts at three.   Fed Chair Jerome Powell said that officials want to see more evidence that inflation is coming...

More Details

Business & Money | Thursday 21 March, 2024 10:58 am

Yansab shareholders OK retaining SAR 1.7B from statutory reserve

Yanbu National Petrochemical Co.’s (Yansab) shareholders approved transferring SAR 1.69 billion in statutory reserve, as per financial statements for the year ended on Dec. 31, 2023, to the retained earnings, during the extraordinary general meeting (EGM) held on March 20, according to a...

More Details

Business & Money | Thursday 21 March, 2024 10:56 am

ADGM 2024 growth outlook: Over 70% of companies in ADGM Plan Workforce Expansion in 2024

A survey by the Abu Dhabi Global Market (ADGM), which stands as a testament to the vision and ambition that drive the UAE and the wider region's economic landscape, indicates a strong growth trajectory in several sectors, with Asset Management poised to take the lead, as 18.56 percent of...

More Details

Business & Money | Thursday 21 March, 2024 10:52 am

Bayanat, Yahsat shareholders to vote on recommended merger to create SPACE42 on April 25

Bayanat AI PLC and Al Yah Satellite Communications Company each issued a circular today calling for their General Assembly Meetings (GAMs) to be held simultaneously on 25th April 2024. During the GAMs, respective shareholders of each entity will vote on the proposed merger of the two Abu...

More Details

Business & Money | Thursday 21 March, 2024 10:38 am

Tabreed shareholders approve new record high dividend payment for FY 2023

Tabreed, the UAE’s leading international district cooling company, yesterday held its Annual General Assembly (AGA), during which shareholders approved a record high dividend payment of 15.5 fils per share, paid fully in cash. As disclosed in the company’s recent full-year results for 2023,...

More Details

Business & Money | Thursday 21 March, 2024 10:36 am

WAJA seals SAR 49.5M contract with Ministry of Finance

WAJA Co. signed on March 20 a technical framework project agreement with the Ministry of Finance at an estimated value of SAR 49.45 million, VAT inclusive.   The agreement is valid for three years, WAJA said in a statement to Tadawul. It includes the supply and installation of office ...

More Details