Business & Money | Friday 12 January, 2024 2:07 pm

RCJY inks investment deals, MoUs exceeding SAR 35B

The Royal Commission for Jubail and Yanbu (RCJY) signed investment agreements and memorandums of understanding (MoUs) with a number of companies, at a value exceeding SAR 35 billion, including agreements worth more than SAR 19 billion signed on the sidelines of the Future Minerals...

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Business & Money | Friday 12 January, 2024 2:54 am

Saudi Arabia to participate in World Economic Forum Annual Meeting 2024

Chaired by His Highness Prince Faisal bin Farhanbin Abdullah, Minister of Foreign Affairs, a high-level delegation from the Kingdom of SaudiArabia will participate in the World Economic Forum (WEF) Annual Meeting 2024, in Davos,Switzerland, from 15-19 January 2024, under the theme of “Rebuilding...

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Business & Money | Friday 12 January, 2024 1:00 am

Intersec 2024 opens next week in Dubai for landmark 25th edition

 Building on a solid 25-year legacy, Intersec 2024 will return to Dubai World Trade Centre (DWTC) from 16-18 January, bringing together industry experts, government officials and exhibiting companies to discuss the latest developments in safety, security and fire protection.  The...

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Business & Money | Thursday 11 January, 2024 2:04 pm

FAB issues first Sukuk globally in 2024

First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps, which resulted in an all-in yield of 4.779%. This issuance marks the first Sukuk issued globally in 2024 and stands as the region's first offering for the year. The final spread for the Sukuk was set...

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Business & Money | Thursday 11 January, 2024 1:59 pm

Borouge signs AED160 million supply agreement with NAFFCO

Borouge Plc today announced the signing of an AED160-million agreement with NAFFCO, a UAE-based manufacturer and supplier of fire protection systems, to supply NAFFCO’s local and regional infrastructure projects with Borouge’s innovative and sustainable polyethylene (PE100)...

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Business & Money | Thursday 11 January, 2024 10:15 am

Saudia has Obtained a License to Provide Hajj Services for Pilgrims in Makkah, Medina, and Holy Sites

Saudia Hajj and Umrah, a subsidiary of Saudia Group, dedicated to enhancing the experience for pilgrims, has obtained a license from the Ministry of Hajj and Umrah to serve 10,000 pilgrims. The announcement follows the recent launch of Saudia Hajj and Umrah, signifying a groundbreaking moment...

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Business & Money | Thursday 11 January, 2024 9:48 am

Forbes Middle East ranks Abdullah Al-Bader among the Top CEOs in the Middle East 2023

Forbes Middle East has recognized Abdullah Al-Bader, the CEO of Almarai, as one of the top 100 CEOs in the Middle East in its annual list, 'Most Powerful CEOs in the Middle East 2023. Almarai, under Al-Bader's leadership, solidified its position over the last three years,...

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Business & Money | Wednesday 10 January, 2024 3:21 pm

Federal Tax Authority collaborates with Etihad Credit Bureau to enhance tax compliance

The Federal Tax Authority (FTA) has signed a membership agreement with Etihad Credit Bureau, the federal entity mandated with regularly collecting credit information from financial and non-financial institutions in the UAE, to strengthen bilateral cooperation and benefit from the Bureau’s...

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Business & Money | Wednesday 10 January, 2024 2:56 pm

Unlocking Opportunities: How SME Investment in the UAE Can Benefit Global Investors

Small and Medium Enterprises (SMEs) play a crucial role in the economic landscape of the United Arab Emirates (UAE). With the UAE government actively promoting entrepreneurship and diversification, SMEs have emerged as key drivers of growth and innovation. This article explores the potential...

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Business & Money | Wednesday 10 January, 2024 2:53 pm

Dubai Investments announces first flagship mixed-use development in Africa

Dubai Investments has marked a significant entry into the African markets with the announcement of its first flagship mixed-use development in Africa – the Dubai Investments Park (DIP) Angola. DIP Angola, the innovative 2,000-hectare unique integrated mixed-use residential, commercial and...

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