Business & Money | Tuesday 5 November, 2024 8:00 am

Tadweeer signs SAR 50M agreement with EXIM Bank

National Environmental Recycling Co. (Tadweeer) signed a Shariah-compliant credit facility agreement with the Saudi EXIM Bank, with a total value of SAR 50 million. In a statement to Tadawul, the company said the financing term is for one year from the date of funding the working capital...

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Business & Money | Monday 4 November, 2024 10:38 am

Tubacex announces Mubadala as strategic partner in OCTG Business Through $200 mn agreement

Tubacex Group, a world leader in advanced industrial solutions for the energy and mobility sectors, today announced the closing of a strategic partnership with Mubadala Investment Company (Mubadala), an Abu Dhabi Sovereign Investor, in its Oil Country Tubular Goods (OCTG) business for US$200...

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Business & Money | Monday 4 November, 2024 10:36 am

Dubai South, Indu Kishore Logistics break ground on logistics facility

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, and INDU Kishore Logistics, broke ground on a new facility that will be built at Dubai South’s Logistics District. This development marks a significant milestone in the company’s...

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Business & Money | Monday 4 November, 2024 10:34 am

Ministry of Finance commemorates Flag Day

The Ministry of Finance has celebrated UAE Flag Day by raising the national flag at its headquarters in Abu Dhabi and Dubai. Ministry leaders, officials, and employees gathered to raise the flag and recite the oath of loyalty, reaffirming their commitment to the nation and its leadership under ...

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Business & Money | Monday 4 November, 2024 10:31 am

FTA urges Resident Juridical Persons with licences issued in October, November to register for corporate tax before end of November 2024

The Federal Tax Authority (FTA) has urged Resident Juridical Persons with Licences issued in October and November, irrespective of the year of issuance, to promptly submit their Corporate Tax registration application no later than 30 November 2024. In a press statement issued today, the FTA...

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Business & Money | Monday 4 November, 2024 10:29 am

ADIPEC 2024 opens Monday in Abu Dhabi with dedicated new AI Zone

The global energy community will converge in the UAE on Monday, 4 November, as the world’s largest energy event, ADIPEC 2024, opens its doors at the ADNEC Centre in Abu Dhabi.Hosted by ADNOC under the theme Connecting Minds. Transforming Energy, ADIPEC 2024 will explore the transformative role of ...

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Business & Money | Monday 4 November, 2024 10:27 am

Ajman, Hong Kong chambers discuss investment opportunities

A delegation from Ajman Chamber has discussed with the Hong Kong General Chamber of Commerce (HKGCC) ways to enhance economic cooperation and develop the volume of inter-trade between Ajman and Hong Kong. The discussions focused on key sectors such as advanced industries, technology,...

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Business & Money | Monday 4 November, 2024 10:24 am

Sure signs SAR 14M contract with RDIA

Sure Global Tech Co. signed today, Nov. 3, a contract worth SAR 14 million (inclusive of VAT) with the Research, Development, and Innovation Authority (RDIA) to establish and develop the National Platform for Research, Development, and Innovation Support Management. In a statement to Tadawul,...

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Business & Money | Monday 4 November, 2024 10:22 am

Edarat signs SAR 73M contract with Engie Solutions

Edarat Communication and Information Technology Co. (Edarat) signed today, Nov. 3, a three-year contract with Engie Solutions Co. to provide operation and maintenance services for SAHAYEB data center facilities, according to a statement to Tadawul. The estimated value of the initial purchase...

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Business & Money | Monday 4 November, 2024 10:19 am

Academy of Learning gets SAR 30M facilities from Bank Albilad

Academy of Learning Co. (AOL) obtained today, Nov. 3, Shariah-compliant credit facilities from Bank Albilad at a total value of SAR 30 million to finance future expansions. The facilities have a four-year term and are secured by a performance guarantee by the company’s Chairman and a...

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