Business & Money | Monday 18 November, 2024 10:11 am

UAE participates in 122nd session of UNWTO Executive Council in Colombia

The Ministry of Economy (MoEc) participated in the 122nd session of the United Nations World Tourism Organisation (UNWTO) Executive Council in Colombia, led by Badreya Al Maidoor, Assistant Under-Secretary for Support Services at the Ministry of Economy. The meeting was aimed at fostering...

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Business & Money | Monday 18 November, 2024 9:52 am

Saudi Azm wins project from IAU

Saudi Azm for Communication and Information Technology Co. was awarded a project to implement managed services for the civil service sector to operate, develop, and analyze the platforms and applications with Imam Abdulrahman bin Faisal University (IAU). The company added in a statement...

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Business & Money | Monday 18 November, 2024 9:48 am

ASDA signs The Point project contract in Abha for SAR 1B

Prince Turki bin Talal bin Abdulaziz, Governor of Aseer Region and Chairman of Aseer Development Authority (ASDA), attended the signing of the main contractor agreement for the construction of The Point project. The project is managed by ASDA in partnership with the Tourism Development Fund (TDF),...

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Business & Money | Monday 18 November, 2024 9:45 am

Miral inks contract to rent new branch in Riyadh for SAR 12.4M

Miral Dental Clinics Co. signed a contract with Ibrahim Saleh Abdullah Al-Hamid to rent a new branch in Riyadh for nine years starting from Feb. 13, 2025, at a total value of SAR 12.4 million (VAT inclusive). In a statement to Tadawul, the company said that the new dental center spans an area...

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Business & Money | Monday 18 November, 2024 9:38 am

Emirates NBD Participates in SAR 5 Billion shariah compliant revolving Credit Facility for Riyadh Air

 Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Turkey) region, has participated in the financing of SAR 5 billion revolving credit facility to Riyadh Air, the new national carrier wholly owned by Saudi Arabia’s Public Investment Fund (PIF). The...

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Business & Money | Monday 18 November, 2024 9:34 am

MENA M&A activity saw 522 deals valued at US$71.0b in 9M 2024

According to the EY MENA M&A Insights 9M 2024 report, the MENA region witnessed an increase in merger and acquisition (M&A) activity with a total of 522 deals amounting to US$71.0b. When compared to the same period in 2023, deal volume this year grew by 9%, while deal value saw a 7%...

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Business & Money | Sunday 17 November, 2024 11:19 am

MOCCAE hosts workshop to discuss GCC countries’ experiences in accrediting food establishments for exports

The Ministry of Climate Change and Environment (MOCCAE) hosted a workshop to discuss the experiences of the Gulf Cooperation Council (GCC) countries in accrediting food facilities that export to the member states. The workshop, which was held in Dubai, reflects the UAE's key role in enhancing...

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Business & Money | Sunday 17 November, 2024 11:17 am

COP29: UAE announces developing world’s first ChatGPT tool for agricultural community

Mariam bint Mohammed Saeed Hareb Almheiri, Head of the International Affairs Office in the UAE Presidential Court, has announced that the UAE is developing the world’s first ChatGPT tool for the agricultural community. The announcement came today at the UAE Pavilion at COP29 which hosted an...

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Business & Money | Sunday 17 November, 2024 11:09 am

MIS signs SAR 66.8M contract with Ministry of Tourism

Al Moammar Information Systems Co. (MIS) signed a contract with the Ministry of Tourism to supply Microsoft products and services for a total value of SAR 66.78 million, inclusive of VAT. In a statement to Tadawul, the company said the contract spans three calendar years, with the...

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Business & Money | Sunday 17 November, 2024 11:04 am

Ladun unit signs SAR 645.7M mixed-use project contract

Ladun Investment Co.’s subsidiary, Built Industrial Co., inked a contract to undertake “The Point Abha” project for the Real Estate Development Fund (REDF), at a total value of SAR 645.66 million, including VAT, according to a statement to Tadawul. The Point project is a mixed-use...

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