Business & Money | Thursday 27 June, 2024 10:59 am

Leading Mobility Stakeholders Gather in Riyadh for GEMTECH Forum 2024

 Saudi Arabia’s Premier mobility event, Global EV & Mobility Technology Forum (GEMTECH), will open its doors to global and regional mobility stakeholders in less than three weeks at Riyadh  International  Convention & Exhibition  Center(RICEC). The Show will host a...

More Details

Business & Money | Thursday 27 June, 2024 10:29 am

Advancements in 3D Printing Construction and its Contribution to UAE's Net Zero by 2050 Initiative

In recent years, the UAE has emerged as a global leader in adopting innovative technologies to achieve sustainability goals. One of the most promising advancements is in the realm of 3D printing construction, which is revolutionizing the building industry and contributing significantly to the UAE's ...

More Details

Government | Thursday 27 June, 2024 10:24 am

UAE Chairs 45th Annual Session of the OPEC Fund Ministerial Council

The United Arab Emirates today chaired the 45th annual session of the OPEC Fund Ministerial Council held in Vienna, Austria. During the meeting, council members discussed the annual report for 2023, as well as the latest developments and progress of the Fund’s projects and initiatives. His...

More Details

Government | Thursday 27 June, 2024 10:23 am

King Fahd Causeway to Bahrain Goes Digital: E-Insurance Now Mandatory for All Vehicles

United Insurance Company, the provider responsible for mandatory insurance for vehicles crossing the King Fahd Causeway to Bahrain, has announced that, effective July 1st, short-term insurance policies (3, 5, 10 days) will be available exclusively through electronic channels. The company...

More Details

Government | Thursday 27 June, 2024 10:16 am

Najm opens its branch in Al-Ahsa

Najm for insurance services has inaugurated its branch in Al-Ahsa, in the presence of Al-Ahsa Traffic Department Director, Brig. Gen. Khalid bin Faleh Al-Rashidi and a number of Najm officials. Al-Rashidi toured the branch, during which he viewed the workflow and services provided by Najm to...

More Details

Business & Money | Thursday 27 June, 2024 10:13 am

Dubai Mercantile Exchange Welcomes Saudi Tadawul Group as New Strategic Shareholder

Further to the announcement made on 18 January 2024 with respect to a binding agreement to acquire a 32.6% strategic stake in DME Holdings Limited, Saudi Tadawul Group Holding Company (the Group), a leading diversified capital markets group in the MENA region, is pleased to announce that it has...

More Details

Business & Money | Thursday 27 June, 2024 10:06 am

US dollar-denominated 10-year USD 1.50 billion bond, maturing in July 2034

 The Ministry of Finance, has successfully closed its offering of a US dollar-denominated 10-year USD 1.50 billion bond, maturing in July 2034. Issued with a yield of 4.857%, the bond represents a spread of 60 basis points over US Treasuries. The bond will be listed on the London Stock...

More Details

Technology & IT | Thursday 27 June, 2024 10:04 am

LG NAMED THE OFFICIAL PARTNER OF THE ESPORTS WORLD CUP 2024 IN SAUDI ARABIA

LG Electronics (LG) has been announced as the official partner of the Esports World Cup (EWC) 2024, set to take place in Riyadh, Saudi Arabia, from July 3 to August 25. Formerly known as Gamers8, EWC is an annual international esports tournament. This year’s edition – the first under the EWC...

More Details

Business & Money | Thursday 27 June, 2024 9:56 am

Al Hilal Bank Launches Instant Digital Shariah-compliant Subscription Service for Initial Public Offerings

Al Hilal Bank, a subsidiary of the ADCB Group and a progressive Islamic digital bank, has signed an agreement with the Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, to offer instant subscriptions to all Shariah-compliant Initial Public Offerings (IPOs) on...

More Details

Business & Money | Thursday 27 June, 2024 7:55 am

First Mills inks SAR 150M financing deal with SIDF

First Mills Co. signed on June 25 a SAR 150 million financing facility agreement with the Saudi Industrial Development Fund (SIDF) to refinance working capital, boost business operations and enhance expansions and growth, according to a statement to Tadawul.The facility will extend for 24 ...

More Details