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 10:54 am

'Sharjah Shopping Promotions' continues to boost retail sales, attract shoppers with thrilling prize draws and competitions

The “Sharjah Shopping Promotions 2024-2025” continues to achieve remarkable success in various shopping malls and retail stores across the emirate's different cities and regions, creating a significant boost in the retail sector. Organised by the Sharjah Chamber of Commerce and Industry...

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Business & Money | Thursday 16 January, 2025 10:49 am

Mansoor bin Mohammed opens 10th edition of Dubai International Project Management Forum

Under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Ports and...

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Business & Money | Thursday 16 January, 2025 10:39 am

ADNOC Gas explores groundbreaking technology that turns methane into graphene, hydrogen

ADNOC Gas plc, in partnership with Baker Hughes, an energy technology company, has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant. This marks the first-ever deployment of the technology at an operational gas...

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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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