Business & Money | Monday 9 September, 2024 11:21 am

Riyadh Cement redeems SAR 25M in tax returns withheld with ZATCA

Riyadh Cement Co. said as much as SAR 25.04 million was credited to its main account with the Zakat, Tax and Customs Authority (ZATCA) for withholding prepaid tax returns, the company said in a statement to Tadawul today, Sept. 8. The company shall use this amount to settle any upcoming...

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Business & Money | Monday 9 September, 2024 11:14 am

ADES unit inks 2 deals to buy jack-up rigs in Southeast Asia

ADES Holding Co.’s subsidiary ADES International Holding Ltd. entered into asset purchase agreements (APAs) to acquire two contracted premium jack-up rigs in Southeast Asia from Vantage Drilling International Ltd. for $190 million (subject to working capital adjustments upon the deal...

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Business & Money | Monday 9 September, 2024 11:05 am

EDB launches AI Wave programme to boost operations

Emirates Development Bank (EDB), the key financial engine of economic development and industrial advancement in the UAE, has launched its internal AI Wave programme, a strategic initiative aimed at enhancing AI literacy and adoption across the organisation. In line with the UAE’s Artificial...

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Business & Money | Monday 9 September, 2024 10:54 am

Gulf Capital Announces the Successful Sale of Kuiper Australia

 Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today its successful exit from Kuiper Australia, in a carve-out transaction from its portfolio company, Kuiper Group, the leading manpower outsourcing company in the offshore energy...

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Business & Money | Monday 9 September, 2024 10:45 am

UAE Tourism: Boosting investments to drive GDP growth

The UAE's tourism sector continues to record remarkable performance in international tourist arrivals and hotel bookings, aligning with the UAE Tourism Strategy 2031, which aims to attract AED100 billion in tourism investments and boost the sector's contribution to the GDP to AED450 billion by...

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Business & Money | Monday 9 September, 2024 10:44 am

Meyar starts trials at cement, ready-mixed concrete plant in Riyadh

Meyar Co. announced the start of the trial operation of the cement and ready-mixed concrete products plant at the Malham Center in Riyadh. The company explained in a statement on Tadawul that the trial operations start today, Sept. 9, and will complete after testing the factory equipment and...

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Business & Money | Monday 9 September, 2024 10:35 am

Sure wins SAR 9.8M project with Ministry of Economy

Sure Global Tech Co. was awarded on Sept. 8 the managed services project of the digital transformation program with the Ministry of Economy and Planning, for SAR 9.77 million (including VAT). The two-year agreement entails providing managed services for operating the digital transformation...

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Business & Money | Monday 9 September, 2024 10:32 am

ICBA Strengthens Global Partnerships and Promotes Sustainable Agriculture at High-Level Forum in Uzbekistan

The International Center for Biosaline Agriculture (ICBA) Delegation led by Director General Dr. Tarifa Al Zaabi, participated in the International High-Level Forum of Landlocked Developing Countries (LLDCs) on Food Security and the Sustainable Development Goals, held in Tashkent,...

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Business & Money | Monday 9 September, 2024 10:24 am

Carrier Global corporation establishes Regional Office in Saudi Arabia

 Carrier Global Corporation (NYSE: CARR), a global leader in intelligent climate and energy solutions, today announced the grand opening of its regional office in Riyadh, Saudi Arabia. This strategic move underscores Carrier’s commitment to enhancing its operations in the Middle East,...

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Business & Money | Monday 9 September, 2024 10:01 am

Emirates Health Services Eliminates 220 Procedures and Reduces Service Wait Times by 60%

In its continued efforts to enhance government service efficiency and improve customer experience, Emirates Health Services has announced significant achievements in implementing the UAE’s Zero Government Bureaucracy Programme. This initiative aims to simplify and streamline government...

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