Business & Money | Saturday 28 December, 2024 9:26 am

Dubai Maritime Authority announces Comprehensive Plan for Marine Traffic on New Year's Eve 2025

The Dubai Maritime Authority, of the Ports, Customs and Free Zone Corporation, has announced the adoption of a mandatory plan to manage marine traffic during New Year's Eve 2025. This initiative aims to enhance maritime safety and regulate traffic during a night that sees an increased density of...

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Business & Money | Saturday 28 December, 2024 5:04 am

NWC completed implementation of water networks and reservoirs to serve Sabia Governorate and 44 villages in Jazan

The National Water Company (NWC), represented by the Southern Cluster, announced that it has started operation of 5 water projects to serve Sabia Governorate and 44 of its  villages. The company embarked on operation in order to keep up with the increasing demand for water services...

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Business & Money | Friday 27 December, 2024 9:24 am

Roshn launches first Makkah project on 21m sqm

ROSHN Real Estate Co., a wholly-owned subsidiary of the Public Investment Fund (PIF), announced the groundbreaking of Al-Manar Community, marking its first fully integrated residential development in Makkah. Al-Manar Community spans 21 million square meters (sqm) and will feature over 33,000...

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Business & Money | Friday 27 December, 2024 9:22 am

Leejam approves CEO resignation, Abdulelah Al-Nemr succeeds

Leejam Sports Co.’s board of directors approved today, Dec. 26, the resignation of CEO Adnan Al-Khalaf. In a statement to Tadawul, the company said Al-Khalaf’s resignation was due to his decision not to renew his contract. His resignation will take effect upon expiry of his post on Feb....

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Business & Money | Friday 27 December, 2024 9:19 am

Al Yamamah Steel holds 60% of Saudi renewable energy market: CEO

Al Yamamah Steel Industries Co.’s CEO Sahel Al Thobiti stated that the company controls over 60% of renewable energy projects in Saudi Arabia and exports to select international markets.   In an interview with CNBC Arabia, he said the company reported a 340% year-over-year (YoY)...

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Business & Money | Friday 27 December, 2024 12:33 am

Azizi Azure, part of the fourth phase of Riviera, hits 85% construction milestone

Azizi Developments, a leading private real estate developer in the UAE, has announced the noteworthy progress of Azizi Azure, part of the fourth phase of Riviera, its French Mediterranean-inspired waterfront community located in the highly sought-after Mohammed Bin Rashid City, amid Dubai’s most...

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Business & Money | Thursday 26 December, 2024 11:54 am

Saudi Networkers signs SAR 50M credit facilities deal with Al Rajhi Bank

Saudi Networkers Services Co. signed, on Dec. 24, a Shariah-compliant credit facilities agreement worth SAR 50 million with Al Rajhi Bank. In a statement to Tadawul, the company said the funding period lasts until Oct. 31, 2025, and the credit will be used to finance working capital. The...

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Business & Money | Thursday 26 December, 2024 11:46 am

Youth-led 'Emirati District' takes flight at Dubai International

A new hub dedicated to empowering young Emirati entrepreneurs has opened its doors at Dubai International (DXB). The 'Emirati District', an initiative led by the Federal Youth Authority in partnership with the Fatima bint Mohamed bin Zayed Initiative, represents a key project within the first...

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Business & Money | Thursday 26 December, 2024 11:44 am

Jafza, Imdaad cut landfill use by 37% with waste-to-fuel plant

Jebel Ali Freezone (Jafza) has cut its landfill waste by 37% in just nine months this year through a new partnership with Imdaad, a Dubai-based company specialising in sustainable facilities management, marking a major step in the UAE's journey towards a circular economy. The significant...

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Business & Money | Thursday 26 December, 2024 11:41 am

UAE participates in first meeting of Arab Cybersecurity Ministers Council in Riyadh

The United Arab Emirates, represented by the UAE Cybersecurity Council, participated in the first meeting of the Arab Cybersecurity Ministers Council, which was hosted in Riyadh, Saudi Arabia, on December 22-23, 2024, under the auspices of the General Secretariat of the Arab League. The...

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