Business & Money | Friday 15 September, 2023 12:47 am

MAWANI says container handling up 5% to 721,600 TEUs in August

Saudi ports reported a 5% rise in container handling to 721,630 twenty-foot equivalent units (TEUs) in August 2023, compared to 688,670 TEUs in the same month last year.  In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers grew by nearly 6% to 218,050 in...

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Business & Money | Friday 15 September, 2023 12:03 am

du Ignites Innovation for a Sustainable Career at Ru'ya 2023, Empowering the Future of Youth and Emiratisation

du, from Emirates Integrated Telecommunications Company (EITC), today announced its participation in Ru’ya 2023, showcasing its commitment to driving Emiratisation and empowering the future of youth. With a focus on innovation and sustainability, du will highlight its initiatives, values, and...

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Business & Money | Thursday 14 September, 2023 3:58 pm

New Exhibitors Sign Up to WTM London 2023

 ·        World Travel Market will be 20% larger in 2023 – versus 2022 show;·        14% of exhibitor bookings are new;·        Compared to pre-pandemic figures (2019), private sector...

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Business & Money | Thursday 14 September, 2023 12:16 pm

Sumou Real Estate inks MoU with Emaar EC

Sumou Real Estate Co. signed on Sept. 13 a memorandum of understanding (MoU) with Emaar the Economic City (Emaar EC), the master developer of King Abdullah Economic City (KAEC).   The MoU is valid for six months and aims to discuss ways of joint cooperation to study the available...

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Business & Money | Thursday 14 September, 2023 11:59 am

AlJazira Capital, Osus launch real estate investment fund

AlJazira Capital Co. and Osus Real Estate Co. launched a private closed-end real estate investment fund (REIT) with a targeted investment volume of more than SAR 1.7 billion.  The fund will mainly focus on developing mixed-use projects (residential, hotel, office, ...

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Business & Money | Thursday 14 September, 2023 11:55 am

Work resumes on Jeddah Tower, contractors invited to bid

Jeddah Economic Co. (JEC) resumed works on Jeddah Tower that will exceed 1,000 meter length, MEED business magazine reported, citing CEO of Kingdom Holding Talal Al Maiman. The tender is officially open, the CEO stressed, indicating that the company invites contractors to submit their bids by...

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Business & Money | Thursday 14 September, 2023 11:54 am

CMA plans regulations review, studies 50 new IPOs: El-Kuwaiz

As many as 19 businesses are waiting to complete listing procedures in the Saudi financial market, Chairman of Capital Market Authority (CMA) Mohammed El-Kuwaiz said on the sidelines of the EFG Hermes Saudi Forum in London. The CMA is also considering almost 50 listing applications, he...

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Business & Money | Thursday 14 September, 2023 11:45 am

Wenza chooses Ras Al Khaimah as base for its cutting-edge production facility

Leading metal cutting tools designer and manufacturer Wenza established its production facility in Ras Al Khaimah. This state-of-the-art facility will be dedicated to the production of carbide and superhard material inserts used in industrial machines intended for turning, milling, threading, and...

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Business & Money | Thursday 14 September, 2023 11:35 am

Careem upgrades travel experience for KAFD residents and visitors

Careem, the region’s leading multi-service platform, partners with King Abdullah Financial District Development & Management Company (KAFD DMC), to upgrade and streamline the travel experience for residents and visitors of KAFD, the country’s prime business and lifestyle hub. The...

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Business & Money | Thursday 14 September, 2023 11:29 am

Emirates NBD Group makes strategic equity investment in sustainability start-up Erguvan

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has made an investment in Erguvan, a climate and financial technology venture aimed at providing financial institutions and corporations with digital infrastructure, enabling them to manage the...

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