Business & Money | Monday 4 November, 2024 10:09 am

Eastern Municipality awards project to establish 2.4M-sqm industrial city in Dammam

The Eastern Province Municipality awarded today, Nov. 3, a project to establish an integrated industrial city in Dammam on an area of 2.4 million square meters (sqm), in addition to developing the infrastructure and services in the site’s industrial masterplan. The scope of work entails...

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Business & Money | Monday 4 November, 2024 10:01 am

BinDawood Holding details full acquisition of Zahrat Al Rawdah for SAR 444M

BinDawood Holding Co.'s board of directors approved the acquisition of 100% of Zahrat Al Rawdah Pharmacies Co. in Saudi Arabia and the signing of a share sale and purchase agreement (SPA) with Planet Pharmacies Ltd and Kawakeb AlSaydailyat Co. In a Tadawul statement, the company said the...

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Business & Money | Sunday 3 November, 2024 10:23 am

UAE becomes first Arab board member of International Electrotechnical Commission

The UAE has been elected to serve on the Board of the International Electrotechnical Commission (IEC) for 2025-2027, becoming the first Arab country to be voted into the Board. The election took place at the IEC General Assembly held in Edinburgh, United Kingdom, in October, where Farah Al...

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Business & Money | Sunday 3 November, 2024 10:21 am

Ministry of Energy and Infrastructure holds 12th Harbor Masters meeting

The Ministry of Energy and Infrastructure (MoEI) organised the 12th Harbor Masters meeting that aimed to explore ways to enhance port efficiency and maritime processes and highlight challenges in the sector. The meeting also showcased latest technologies in maritime process management, and...

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Business & Money | Sunday 3 November, 2024 10:19 am

RAK Properties launches final phase of 'Quattro Del Mar'

RAK Properties announced the release of the final phase of Quattro Del Mar, its iconic waterfront development in Mina Al Arab. This follows the successful launch of the project during 2024 and subsequent to rapid sell-out of released units.Located in Mina Al Arab, RAK Properties’ flagship...

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Business & Money | Sunday 3 November, 2024 10:16 am

Ladun purchases commercial residential complex in Riyadh for SAR 83.9M

Ladun Investment Co. purchased on Oct. 31 a commercial residential complex in Riyadh for SAR 83.85 million, including brokerage fees and real estate transaction tax, according to a statement to Tadawul. The deal will be financed from bank facilities as well as internal resources. The...

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Business & Money | Sunday 3 November, 2024 10:12 am

World’s largest energy event ADIPEC 2024 opens Monday in Abu Dhabi

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...

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Business & Money | Sunday 3 November, 2024 10:09 am

Minister of Industry and Advanced Technology Participates in GCC Trade and Industry Meetings, Seeks to Achieve Regional Integration

His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, led the UAE delegation at the 53rd meeting of the Gulf Cooperation Council’s (GCC) Industrial Cooperation Committee held in Qatar.  The UAE’s participation reflects its commitment to strengthening...

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Business & Money | Sunday 3 November, 2024 9:49 am

Sweid & Sweid completes AED275 million industrial project in Southeast Atlanta, RP10

 Dubai-based Sweid & Sweid has successfully completed its inaugural class-A industrial real estate project, RP10, valued at AED 275 million. Located in Southeast Atlanta, the state-of-the-art bulk industrial development comprising 825,000 square feet was completed on time and under budget, ...

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Business & Money | Sunday 3 November, 2024 9:47 am

Saudia Earns Prestigious APEX World Class 2025 Award For the fourth consecutive year

Saudia, the national flag carrier of Saudi Arabia, announced its win as the World Class Airline 2025 for the fourth consecutive year at the APEX WORLD CLASS™ Awards. This remarkable achievement further solidifies Saudia’s position as a leading carrier. APEX WORLD CLASS™ by YATES+ award...

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