Business & Money | Monday 6 May, 2024 8:52 am

Islamic Development Bank, Abu Dhabi Fund for Development, the Bill & Melinda Gates Foundation & Partners Pledge New Support of US$ 219 million to the Lives and Livelihoods Fund

The city of Riyadh, the capital of the Kingdom of Saudi Arabia, has seen the announcement by four global development partners jointly announced an additional US$ 219 million in donor support for total 37 projects in 22 IsDB member countries through the Lives and Livelihoods Fund 2.0 (LLF 2.0). The...

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Government | Monday 6 May, 2024 8:33 am

Sharjah Petroleum Council announces discovery of new reserves at Al Hadiba gas field

The Sharjah Petroleum Council (SPC), a Government of Sharjah undertaking, has announced the discovery of new gas reserves in Al Hadiba field, located north of the Al Sajaa Industrial Area in Sharjah, in promising economically viable quantities.The new field was discovered after the Sharjah National ...

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Business & Money | Monday 6 May, 2024 8:29 am

ACRES Real Estate Exhibition to spotlight 120 projects on 16th May

The Organising Committee of the ACRES Real Estate Exhibition declared the completion of its preparations for the inaugural edition launch in Dubai, set to debut this year from 16th to 19th May at the Dubai World Trade Centre. Spanning over an area of 6000 square meters, ACRES has successfully...

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Tourism & Hospitality | Monday 6 May, 2024 8:26 am

Sharjah Chamber concludes participation in International Handicraft Exhibition in Florence

The Sharjah Chamber of Commerce and Industry (SCCI), represented by the “Emirati Goldsmiths” Platform, wrapped up its participation in the International Handicrafts Trade Fair (MIDA) held in Florence, Italy, from April 24 to May 2. This participation underscores the SCCI’s commitment to...

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Business & Money | Monday 6 May, 2024 8:21 am

Saudi Electricity achieves financial closure for Qassim 1 and Taiba 1 at SAR 11.4B

Saudi Electricity Co. (SEC) achieved financial closure for Qassim 1 and Taiba 1 independent power projects (IPPs) at a total value of SAR 11.4 billion ($3.04). According to the Saudi Press Agency, the financing agreements were signed by the project companies, Sidra One Co. for the...

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Business & Money | Monday 6 May, 2024 8:18 am

NHC, China's CITIC to establish industrial city, logistics zones in Saudi Arabia

The National Housing Co. (NHC) signed a cooperation agreement with China's CITIC Construction Group to establish an industrial city and logistics zones for building materials, Saudi Press Agency reported. In a statement, NHC said the project will include 12 factories to secure supply chains...

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Business & Money | Monday 6 May, 2024 7:45 am

ADES wins new contract worth SAR 161M in Egypt

ADES Holding Co. received a direct award contract (DAC) from Suez Oil Co. (SUCO) in Egypt, on May 2, for jack-up drilling rig in the Gulf of Suez, at a total value of SAR 161 million. In a statement to Tadawul, the company said that the 21-month contract is...

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Tourism & Hospitality | Monday 6 May, 2024 7:35 am

Record-breaking edition of Arabian Travel Market opens tomorrow

 Arabian Travel Market (ATM), the leading global event for the travel and tourism sector, will return to the Dubai World Trade Centre this week for its 31st edition. Taking place from 6-9 May, over 41,000 attendees are expected to visit the annual trade show, which will feature 2,300...

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Tourism & Hospitality | Monday 6 May, 2024 7:31 am

Arabian Travel Market returns , with over 41,000 attendees expected

The organisers of Arabian Travel Market 2024 (ATM) and representatives from the exhibition’s strategic partners, which include the Dubai Department of Economy and Tourism (DET), Emirates, IHG Hotels & Resorts, and Al Rais Travel, have outlined their plans for the event, which takes place from ...

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Government | Monday 6 May, 2024 6:43 am

“Ajman Finance” supports government agencies in the emirate in implementing the service cost calculation guide

The Department of Finance in Ajman recently held a number of in-person and virtual meetings with representatives of government departments in the Emirate of Ajman to follow up on the implementation of the government services cost calculation guide adopted by Sheikh Ahmed bin Humaid Al Nuaimi...

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