Business & Money | Monday 10 June, 2024 9:08 am

Ras Al Khaimah Ruler inaugurates Sobha Modular Industries’ new manufacturing facility in the Emirate

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, recently inaugurated Sobha Modular Industries’ new manufacturing facility in Al Hamra, Ras Al Khaimah. A subsidiary of Sobha Group,  Sobha Modular Industries manufactures aluminium...

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Tourism & Hospitality | Monday 10 June, 2024 9:06 am

Suhail Al Mazrouei affirms UAE’s readiness to cooperate with BRICS countries in driving sustainable transport

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, participated in the Meeting of BRICS Ministers of Transport, hosted in St. Petersburg, Russia, to drive international cooperation and sharing of experiences in the transport sector. In his speech at the meeting, Al...

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Tourism & Hospitality | Monday 10 June, 2024 8:58 am

Sharjah delegation wraps up Shanghai visit with 20+ key meetings to boost development, economic ties

At the conclusion of a seven-day visit to the People’s Republic of China, a Sharjah delegation led by the Department of Government Relations (DGR) held a series of meetings in Shanghai, the country’s most populous city and economic capital. Between June 6th and 8th, the delegation...

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Business & Money | Monday 10 June, 2024 8:56 am

Emirati Human Resources Development Council offers over 100 job opportunities for UAE citizens

The Emirati Human Resources Development Council in Dubai offered more than 100 job opportunities exclusively for Emiratis. These opportunities were featured in an Open Day event held to foster local talent and provide valuable career opportunities, and saw the participation of several...

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Business & Money | Monday 10 June, 2024 8:53 am

ADNOC fully redeems Exchangeable Bonds in ‘ADNOC Distribution’

Abu Dhabi National Oil Company (ADNOC) PJSC (ADNOC) confirmed that it has redeemed in full its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution). ADNOC paid Bondholders a total amount of $1.199 billion ...

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Business & Money | Monday 10 June, 2024 8:47 am

National Building inks SAR 300M contract with Al-Fayzia Real Estate

National Building and Marketing Co. signed today, June 9, a SAR 300 million contract with Al-Fayzia Real Estate Development Co. to build office and residential towers (Al Raed Project), according to a statement to Tadawul. The three-year contract includes carrying out the infrastructure and...

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Business & Money | Monday 10 June, 2024 8:41 am

Al Rajhi Capital to conduct market-making activities on Banan

The Saudi Exchange Co. (Tadawul) approved Al Rajhi Capital’s application for conducting market-making activities on Nomu-listed Banan Real Estate Co. as of June 11.  According to a Tadawul filing today, June 9, the market maker obligations on Banan are as follows: -...

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Business & Money | Monday 10 June, 2024 8:34 am

MSA Novo, King Abdullah University of Science and Technology (KAUST) Sign MoU to Drive Innovation and Growth in Saudi Arabia

In a significant move to bolster the Saudi start-up ecosystem, MSA Novo has signed a memorandum of understanding (MoU) with King Abdullah University of Science and Technology (KAUST). This partnership underscores MSA Novo’s commitment to fostering innovation and entrepreneurship in Saudi...

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Business & Money | Monday 10 June, 2024 6:15 am

Maktoum bin Mohammed meets with Co-Founder, Co-Chairman of Carlyle Group

H.H. Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, and President of the Dubai International Financial Centre (DIFC), today held a meeting with David M. Rubenstein, Co-Founder and Co-Chairman of The Carlyle Group, one of the...

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Business & Money | Sunday 9 June, 2024 11:01 am

Bupa Arabia plans 860,000 share buyback for employees’ incentive program

Bupa Arabia for Cooperative Insurance Co. board of directors recommended, on June 9, the repurchase of up to 860,000 of its shares to allocate to the employees’ stock long-term incentive program. The company said in a statement on Tadawul that the shares to be purchased are ordinary shares...

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