Business & Money | Thursday 28 November, 2024 4:44 pm

RIBA strengthens Gulf presence and partnerships

As part of its work to promote architectural excellence and grow its global membership, the Royal Institute of British Architects (RIBA) has been taking steps to strengthen its presence and strategic partnerships in the Gulf. This work coincides with the 15th anniversary of the RIBA Gulf...

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Business & Money | Thursday 16 January, 2025 10:34 am

Aramco, Maaden plan transition minerals JV, commercial production likely in 2027

Saudi Arabian Oil Co. (Aramco) and Saudi Arabian Mining Co. (Maaden) announced today, Jan. 15, the signing of non-binding heads of terms for the formation of a minerals exploration and mining joint venture (JV) in the Kingdom. The proposed JV will focus on energy transition minerals,...

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Business & Money | Thursday 16 January, 2025 10:23 am

Bank AlJazira completes SAR 1B AT1 sukuk issuance

Bank AlJazira completed the offering of its SAR-denominated additional Tier (AT) 1 sukuk, under the Tier 1 Issuance program worth SAR 5 billion, the bank said in a statement on Tadawul.   The current offering amounted to SAR 1 billion and was settled on Jan. 15. Sukuk...

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Business & Money | Thursday 16 January, 2025 10:20 am

Maaden signs SAR 3.5B contracts to develop 3rd phosphate fertilizer project

Saudi Arabian Mining Co. (Maaden) signed a bundle of contracts related to the development of the third project for manufacturing phosphate fertilizers, with a value of SAR 3.5 billion. Maaden announced on Tadawul that key contracts for its third phosphate fertilizer project include: Ras...

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Business & Money | Thursday 16 January, 2025 10:16 am

Al Akaria secures SAR 700M credit facility with Bank AlJazira

Saudi Real Estate Co. (Al Akaria) obtained Shariah-compliant credit facilities with Bank AlJazira at a total value of SAR 700 million. The facilities included a one-year short term financing as well as a long-term credit facility spanning 10 years, Al Akaria said in a...

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Business & Money | Thursday 16 January, 2025 10:10 am

NCLE buys SAR 35.7M land plot in Riyadh from Al Akaria

National Company for Learning and Education (NCLE) purchased a land plot in Riyadh from the Saudi Real Estate Co. (Al Akaria) for SAR 35.7 million, including the real estate transaction tax, according to a statement to Tadawul. The transaction was carried out through an online...

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Business & Money | Thursday 16 January, 2025 10:07 am

NWC delivers 4 water purification plants in Al-Shula districts, Dammam

The National Water Company (NWC) has completed the operation of four new drinking water purification plants in the districts of Al-Shula in the city of Dammam in the Eastern Province. These plants represent the second package for the purification of drinking water in the cities and governorates of...

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Business & Money | Wednesday 15 January, 2025 11:50 am

Saudi Arabia's mining sector becomes the ‘fastest growing’ worldwide: Minister

Saudi Arabia's mining sector has become the fastest growing in the world, driven by Vision 2030, said Bandar Alkhorayef, Minister of Industry and Mineral Resources. Saudi Arabia is working on offering new mining exploration opportunities across 5,000 square kilometers of promising mineral...

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Business & Money | Wednesday 15 January, 2025 11:48 am

Zayed Sustainability Prize celebrates innovators driving global progress at 2025 Awards

Today, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, recognised the 2025 winners of the Zayed Sustainability Prize. Celebrating the transformational impact of 11 pioneering organisations and high schools from across the world, the Prize reflects the UAE’s commitment to...

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Business & Money | Wednesday 15 January, 2025 11:41 am

Regional experts share key insights on smart buildings at Light + Intelligent Building Middle East

The crucial role of data and integrating urban planning into smart city development was highlighted by regional experts yesterday at the Smart Building Summit at Light + Intelligent Building Middle East.  Speaking during an engaging panel discussion on ‘Unveiling the Latest Smart Building...

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Business & Money | Wednesday 15 January, 2025 11:38 am

Merryland International School Wins the 2025 Zayed Sustainability Prize in the Global High Schools – Middle East & North Africa Category

Merryland International School, a private school in Abu Dhabi, UAE, has been named the winner of the 2025 Zayed Sustainability Prize in the Global High Schools – Middle East & North Africa category. The school was recognised for its groundbreaking project to improve air quality and reduce CO2 ...

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