Business & Money | Sunday 8 September, 2024 10:20 am

Mobily inks hosting agreement with Red Bull Mobile

Etihad Etisalat Co. (Mobily) signed, on Sept. 5, a hosting agreement with Red Bull Mobile (Future Networks Communications Co.). In a statement to Tadawul, the company said that the contract includes hosting Red Bull Mobile as an MVNO on Mobily’s network for six years. The cumulative...

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Business & Money | Sunday 8 September, 2024 10:10 am

Emaar EC announces financial restructuring plan

Emaar The Economic City (Emaar EC) announced its financial restructuring plan aimed at boosting its ability to move forward with growth plans, according to a Tadawul statement.This includes bank facilities rescheduling, as the company signed a non-binding term sheet on Sept. 7, to roll...

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Business & Money | Sunday 8 September, 2024 9:58 am

Alandalus constructs office building in Riyadh at SAR 140M

Alandalus Property Co. announced constructing an office building project in Al-Malqa district on King Salman Road in Riyadh, through Mawarid Al-Tamyouz Co., a real estate limited liability company recently  acquired by Alandalus. The project cost is estimated at SAR 140 million,...

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Business & Money | Sunday 8 September, 2024 9:33 am

General Organization for Social Insurance and Insurance Authority sign MoU to enhance cooperation in insurance products and services

 The General Organization for Social Insurance (GOSI) today signed a memorandum of understanding (MoU) with the Insurance Authority (IA) to cooperate in providing insurance products and services, developing related electronic and digital transactions, exchanging expertise, and enhancing...

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Business & Money | Sunday 8 September, 2024 9:04 am

The Department of Finance in Ajman Wins Two Excellence Awards at the Closing Ceremony of "Our Happy Summer" 2024

The Department of Finance in Ajman was honoured with two Excellence Awards at the closing ceremony of the fifth edition of "Our Happy Summer", an annual summer programme organised by the Ajman Government under the patronage of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and...

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Business & Money | Sunday 8 September, 2024 8:45 am

Moro Hub and Salzer Technologies Sign Collaboration Agreement to Enhance Market Offerings

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), and Salzer Technologies, pioneers in IT Services, Consulting, System Integration, Branding, Business Solutions & Mobility Services have officially entered into a strategic Technology...

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Business & Money | Sunday 8 September, 2024 8:23 am

Engel & Völkers Middle East Launches Development Services Department

Engel & Völkers Middle East, known for its residential and commercial real estate services in the premium segment, announces the launch of its new Development Services department, catering to the specific needs of developers, builders, and investors in the region. As Dubai's real estate...

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Business & Money | Saturday 7 September, 2024 1:37 pm

Private sector employs 11.6M workers in August: NLO

The total number of workers in the Saudi private sector reached 11.57 million in August 2024, the National Labor Observatory (NLO) said. The number of nationals employed in the private sector totaled 2.37 million, of whom 1.4 million are males, and 972,700 are...

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Business & Money | Saturday 7 September, 2024 1:30 pm

MAWANI says container handling reaches 686,700 TEUs in August

Saudi ports reported a 5.01% drop in cargo throughput tonnage to 685,650 tons in August, compared to 721,820 tons in the same period a year ago.   In a statement, the Saudi Ports Authority (MAWANI) said that outbound containers rose 15.24% to 261,290 in August, from 226,740 in the...

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Business & Money | Friday 6 September, 2024 1:17 pm

Fintech platforms add SAR 5B in AUMs: Official

Fintech platforms added SAR 5 billion to the assets under management (AUMs) in the capital market, marking an increase of 267% since the start of operations in 2022 until H1 2024, Al-Eqtisadiah newspaper reported, citing Abdullah Binghannam, Capital Market Authority (CMA) Deputy for Listed...

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