Business & Money | Sunday 29 September, 2024 11:18 am

Diriyah inks $1B deals with European firms: DGDA CEO

Diriyah Gate Development Authority (DGDA) concluded deals worth nearly $1 billion with European companies, Reuters reported, citing CEO Jerry Inzerillo. The company agreed with an Italian development firm and a French firm, while talks were underway with several foreign investors, expressing...

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Business & Money | Sunday 29 September, 2024 10:45 am

UAE elected to ASOSAI Governing Board

The Asian Organisation of Supreme Audit Institutions (ASOSAI) has announced the election of the UAE, represented by the UAE Accountability Authority, to the ASOSAI Governing Board for the 2024-2027 period. This decision was made during the 16th ASOSAI Assembly held in New Delhi, India, chaired by...

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Business & Money | Sunday 29 September, 2024 10:43 am

UAE establishes global leadership in artificial intelligence, high-tech innovation

The UAE strengthens its global leadership in Artificial Intelligence (AI) and advanced technology, driven by its vision for innovation and global partnerships, aiming to be among the world’s most advanced nations in this vital sector. The UAE has ramped up AI and tech investments to secure a ...

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Business & Money | Sunday 29 September, 2024 10:39 am

Hamdan bin Mohammed meets with Prime Minister of Uzbekistan

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, met with Abdulla Aripov, Prime Minister of the Republic of Uzbekistan, as part of his official visit at the head of a high-level UAE delegation aiming for deeper ties and...

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Business & Money | Sunday 29 September, 2024 10:37 am

Abu Dhabi Airports marks early reopening of northern runway at Zayed International Airport

Abu Dhabi Airports has announced the early reopening of Zayed International Airport’s (AUH) Northern Runway (13L/31R), which is now fully operational for arrivals and departures, following a successful rehabilitation project. The Northern Runway Rehabilitation project delivered a series of...

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Business & Money | Sunday 29 September, 2024 10:34 am

Minister of State for Foreign Trade leads UAE Business delegation to New Zealand, Australia to expand trade relations

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has concluded a successful visit to New Zealand and Australia, where he led a high-level UAE business delegation to strengthen economic ties. The visit culminated in the conclusion of negotiations for a Comprehensive Economic ...

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Business & Money | Sunday 29 September, 2024 10:30 am

Al Sagr, Maharah sign contract to provide medical insurance policy

Al Sagr Cooperative Insurance Co. signed a contract on Sept. 26 with Maharah Human Resources Co. to provide a medical insurance policy covering the company's employees and their families. In a statement to Tadawul, the company said the contract's value exceeds 5% of the total insurance...

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Business & Money | Sunday 29 September, 2024 10:27 am

Investment in Spark surpasses $3B

King Salman Energy Park (SPARK) successfully attracted over 60 investors to date, with total investments now exceeding $3 billion. Currently, there are seven operational factories, and an additional 14 factories are under construction, SPARK said on X platform. According to data available ...

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Business & Money | Sunday 29 September, 2024 10:25 am

Riyad Bank completes $750M sukuk offer

Riyad Bank completed its $750 million worth of USD-denominated additional Tier 1 sustainable sukuk, under its international additional Tier 1 sukuk program. The sukuk will be settled on Oct. 3, the bank said in a statement to Tadawul. Offer DetailsOffer...

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Business & Money | Sunday 29 September, 2024 9:55 am

Al Othaim says profit from Fourth Mills IPO at SAR 160M

Abdullah Al Othaim Markets Co.’s estimated net proceeds from the initial public offering (IPO) of Fourth Mills Co. would reach SAR 160 million after Zakat and tax, according to a statement to Tadawul. The IPO net proceeds, excluding the offering expenses, are expected to reach SAR 833...

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