Business & Money | Monday 22 January, 2024 1:00 pm

Capital market provided SAR 120B real estate financing in 3 years: El-Kuwaiz

The volume of real estate financing provided for companies and institutions from the products of the capital market amounted to SAR 120 billion, equivalent to 40% of the total financing for this sector during the last three years, Chairman of Capital Market Authority (CMA) Mohammed Al-Kuwaiz...

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Business & Money | Friday 19 January, 2024 3:51 am

SPARK and Schneider Electric Sign Agreement for High-Tech Manufacturing Facility in Saudi Arabia

King Salman Energy Park (SPARK), the leading industrial ecosystem provider, signed an agreement with Schneider Electric, a global leader in digital transformation and energy management and energy efficiency, for a multi-faceted manufacturing facility. The 20,000 sq. meters, facility will be built...

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Business & Money | Friday 19 January, 2024 3:46 am

GCC Commercial Arbitration Centre Launches International Fellowship Program

The GCC Commercial Arbitration Centre recently announced the launch of its "International Fellowship in Arbitration and Arbitrators Qualification" program.  This distinguished program, officially accredited by the Centre, is designed to empower participants in securing high-profile...

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Business & Money | Friday 19 January, 2024 3:43 am

du introduces “Care Connect” platform to elevate enterprise customer experience

du, from Emirates Integrated Telecommunications Company (EITC), today unveiled a Care Connect platform, an enterprise service assurance solution. Targeted at existing and new customers who rely on du's managed connectivity services, the platform aims to transform network service transparency and...

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Business & Money | Friday 19 January, 2024 3:41 am

UAE ranks first in the Arab world and Switzerland heads top ten labour-resilient countries

Against the backdrop of the World Economic Forum in Davos, Whiteshield announces the release of the Global Labour Resilience Index (GLRI) 2024. As the world confronts the profound challenges of global warming and the urgency of transitioning to a sustainable future, the impact on labour markets...

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Business & Money | Friday 19 January, 2024 3:33 am

AZIZI DEVELOPMENTS STARTS CONSTRUCTION OF USD 1.5bn TOWER

Azizi Developments, a leading private developer in the UAE, has today launched the construction of the second tallest tower, worth USD 1.5bn, located on prime plot of land on Dubai’s Sheikh Zayed Road. Scheduled to be completed within 4 years, the tower will feature a vertical mall, luxury...

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Business & Money | Friday 19 January, 2024 3:32 am

solutions renews credit facilities deal worth SAR 1.5B with SNB

Arabian Internet and Communications Services Co. (solutions) renewed a Shariah-compliant credit facilities agreement with the Saudi National Bank (SNB) and extended the short-term credit facilities limit.   In a filing to Tadawul today, Jan. 18, the company said the facilities...

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Business & Money | Friday 19 January, 2024 3:24 am

SASCO signs investment contracts with SPGA for fuel station

Saudi Automotive Services Co. (SASCO) announced today, Jan. 18, that it has signed three investment contracts for fuel station sites in the Eastern Region with the State Properties General Authority (SPGA). The first station, located on the Dammam-Abu Hadriyah Road, will be 40,000 square...

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Business & Money | Friday 19 January, 2024 3:23 am

Saudi non-oil GDP seen to grow 5% in 2024: Minister

Saudi Arabia’s non-oil economy is projected to grow between 4.5% and 5% this year, Faisal Alibrahim, Minister of Economy and Planning, said during a discussion at the World Economic Forum (WEF) in Davos.     He also expected that the tourism sector will...

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Business & Money | Friday 19 January, 2024 3:22 am

Private sector provides 800,000 jobs in 2023: Al-Jadaan

Saudi Arabia aims to tap local and international debt markets, Minister of Finance Mohammed Al-Jadaan, told CNBC in Davos, adding that it is not in a dire need for borrowing.   As the debt market helps obtain loans at reasonable interest, the Kingdom will tap these opportunities ...

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