Business & Money | Tuesday 26 November, 2024 11:02 am

solutions subsidiary signs SAR 500M financing deal with Riyad Bank

Arabian Internet and Communications Services Co. (solutions) announced that its subsidiary, Contact Centers Co. (CCC), signed a SAR 500 million Shariah-compliant financing agreement with Riyad Bank. The one-year agreement was guaranteed by a promissory note signed by CCC, the company said ...

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Business & Money | Tuesday 26 November, 2024 11:00 am

Saudi Cable secures SAR 56.3M payout from associate

Saudi Cable Co. (SCC) announced that the board of directors of its associate company, Midal Cables Co., decided in its meeting held on Nov. 25 to distribute dividends to partners for 2024. In a statement to Tadawul, the company said its share of the dividends amounts to SAR 56.25...

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Business & Money | Tuesday 26 November, 2024 10:55 am

Al-Ahsa to receive SAR 3.5B boost with 17 tourism projects: Al Khateeb

Minister of Tourism Ahmed Al Khateeb announced that the tourism sector is supporting 17 major projects in Al-Ahsa, with a total value exceeding SAR 3.5 billion, which will provide more than 1,800 hotel rooms. According to the Saudi Press Agency (SPA), the minister emphasized that these...

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Business & Money | Tuesday 26 November, 2024 10:54 am

SAIB successfully issues first Tier 1, $750M sustainable sukuk

The Saudi Investment Bank completed the debut offering of its USD-denominated Tier 1 Sustainable Sukuk Issuance of US$ 750 million on 21st November 2024, under its US$ 1.5 billion Additional Tier 1 Sukuk Program. The offering marks the first ever USD Tier 1 sustainable offering by the Bank in the...

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Business & Money | Tuesday 26 November, 2024 10:48 am

28th World Investment Conference Kicks Off in Riyadh, Uniting Global Leaders in Investment for Sustainable Growth.

Invest Saudi and The World Association of Investment Promotion Agencies (WAIPA) officially launched the 28th World Investment Conference (WIC) today in Riyadh. With an overarching theme of ‘Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities’, the first...

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Business & Money | Tuesday 26 November, 2024 10:44 am

Ras Al Khaimah named the world’s top city for expatriates ‘to get started abroad’: InterNations Expat Insider 2024 ranking

Ras Al Khaimah has achieved a significant milestone in its journey to becoming a leading global destination to live, work and explore, by securing the top position in a survey of the world’s best expat destinations, conducted by InterNations, the largest global expatriate network.  The...

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Business & Money | Tuesday 26 November, 2024 10:40 am

UAE Ministry of Industry and Advanced Technology Collaborates with Cisco to Drive I4.0 Technology Adoption in Manufacturing

 Cisco announced today that it has been collaborating with the UAE Ministry of Industry and Advanced Technology (MoIAT) to support Industry 4.0 (I4.0) adoption and development in manufacturing fields and to launch initiatives with national and international technology and manufacturing...

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Business & Money | Tuesday 26 November, 2024 10:21 am

Arab Health to address MEA’s US$3.29 billion wearable medical device market

 Arab Health, the Middle East’s largest and most important healthcare event and congress, will explore the growth of the region’s wellness wearables market, as figures have unveiled the market in the Middle East and Africa (MEA) is expected to top US$3.29 billion by 2033. The data by...

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Business & Money | Tuesday 26 November, 2024 10:19 am

Focused and Future-Ready the Middle East M&A Market Drives Economic Diversification

 Middle Eastern mergers and acquisitions (M&A) continue to forge ahead with resilient investment and a strong focus on economic diversification. According to BCG’s 2024 M&A Report, Middle East deal volume rose 7% in the first nine months of 2024, even as global deal volume declined...

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Business & Money | Tuesday 26 November, 2024 9:59 am

QATAR TRAVEL MART 2024 CELEBRATES SUCCESS WELCOMING A FANFARE OF DISTINGUISHED DIGNITARIES AND GUESTS REINFORCING QATAR'S TOURISM RENAISSANCE

Qatar Travel Mart (QTM) 2024, the region's premier travel and tourism exhibition, officially opened its doors yesterday at the Doha Exhibition and Convention Center (DECC). Under the patronage of His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of...

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