Business & Money | Sunday 2 June, 2024 9:13 am

Obeikan Glass secures SAR 50M credit facilities from SAB

Obeikan Glass Co. obtained Shariah-compliant credit facilities worth SAR 50 million from Saudi Awwal Bank (SAB). The one-year facilities are guaranteed by a promissory note, the company said in a statement to Tadawul. The loan is intended to finance the...

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Business & Money | Sunday 2 June, 2024 9:06 am

Group Five signs SAR 1.3B contract with Saudi Aramco

Group Five Pipe Saudi Co. signed, on May 30, a contract worth SAR 1.3 billion (VAT inclusive) with  Saudi Aramco for manufacturing and supplying spiral-welded steel pipes, according to a statement to Tadawul. Under the 12-month contract, the company will manufacture and supply...

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Business & Money | Sunday 2 June, 2024 8:45 am

Riyadh Air chooses Creative Director Ashi as its cabin crew fashion designer

Riyadh Air has selected world-renowned Saudi Arabian fashion designer Ashi to design and create the airline’s first-ever cabin crew fashion line. The partnership marks another groundbreaking milestone for the Kingdom’s new start-up airline, which is set to combine spectacular high fashion and...

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Culture & Education | Sunday 2 June, 2024 8:33 am

DUBAI SOUTH SIGNS AGREEMENT WITH GEMS EDUCATION TO OPERATE THE FIRST WORLD-CLASS BRITISH SCHOOL AT THE RESIDENTIAL DISTRICT

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, has announced the signing of an agreement with GEMS Education, the largest and long-running private K-12 education provider in the UAE, to operate GEMS Founders School – Dubai South, a...

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Technology & IT | Saturday 1 June, 2024 9:17 pm

Digital Transformation Summit Announces Winners of DT50 Awards!

The Digital Transformation Summit is proud to announce the winners of the prestigious DT50 awards, recognizing the top technology leaders to watch in 2024. This year’s winners were selected based on nominations, direct applications, information from our extensive database, interviews, company...

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Business & Money | Saturday 1 June, 2024 3:57 pm

Dubai Civil Aviation Authority visits China's Meituan Company to Exchange Safety Expertise

A delegation from the Dubai Civil Aviation Authority, led by Ahmed Salem Al Saabri Director Aviation & Airports Safety and Maitha Hadef Al Ali from the Aviation Safety and Environment Sector, paid an official visit to Meituan Company in Shenzhen, People's Republic of China, believing in...

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Business & Money | Saturday 1 June, 2024 3:52 pm

Remat Al-Riyadh inks outdoor advertising investment contracts

Remat Al-Riyadh Development Company, the development arm of the Riyadh Region Municipality and a strategic enabler for private sector involvement in municipal development, has signed the second batch of outdoor advertisement investment contracts, unlocking a total revenue of more than SAR 500...

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Government | Saturday 1 June, 2024 3:51 pm

UAE Participates in GCC Financial and Economic Cooperation Committee Meeting

His Excellency Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs, headed the UAE’s delegation at the 121st GCC Financial and Economic Cooperation Committee meeting that took place in Doha on May 30. During the meeting, members approved the UAE’s proposal for measurable...

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Business & Money | Saturday 1 June, 2024 3:42 pm

Makkah Municipality to offer 100 Investment opportunities this year

The Holy Makkah Municipality expected the number of projects and investment opportunities to be offered in Makkah this year to exceed 100. Al-Eqtisadiah newspaper reported that 19 investment projects were offered in the first quarter of 2024. These projects included the development of the...

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Business & Money | Saturday 1 June, 2024 3:41 pm

Aramco completes acquisition of 40% stake in Gas & Oil Pakistan

Saudi Arabian Oil Co. (Saudi Aramco) completed the acquisition of a 40% stake in Gas & Oil Pakistan Ltd. (GO). In a statement, Saudi Aramco said the acquisition represents its downstream retail investment in Pakistan and signals the company’s growing retail presence in high-value...

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