Business & Money | Tuesday 28 May, 2024 9:47 am

SRC Extends its Refinancing Agreement with arab national bank (anb) with an Additional SAR 500 million

The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) company, has extended its refinancing agreement with arab national bank (anb) with an additional SAR 500 million. This is the second refinancing agreement between both entities.  The agreement was signed by...

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Government | Tuesday 28 May, 2024 8:41 am

Sharjah Chamber enhances cooperation with Hong Kong in international commercial arbitration

The Sharjah Chamber of Commerce and Industry (SCCI) and a high-level judicial delegation from the Hong Kong Special Administrative Region, explored avenues for enhancing cooperation in the field of commercial and investment laws. Both sides also discussed establishing a strategic partnership...

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Technology & IT | Tuesday 28 May, 2024 8:32 am

Third 'Make It in the Emirates Forum' kicks off

The third edition of the "Make It in the Emirates Forum", organised by the Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Abu Dhabi Department of Economic Development (ADDED) and ADNOC Group, began today in Abu Dhabi. Under the theme "Invest. Innovate. Grow.,"...

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Business & Money | Tuesday 28 May, 2024 8:28 am

Saudi Arabia starts sale of 3-tranche sukuk: Report

Saudi Arabia started selling Shariah-compliant sukuks, divided into three tranches with tenors of three years, six years, and 10 years, Reuters reported citing IFR news service.   Initial guidance was placed around 85 basis points (bps) over US Treasuries (UST) for the three-year...

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Business & Money | Tuesday 28 May, 2024 7:26 am

ADNOC boosts local manufacturing target to AED90 billion by 2030

ADNOC announced today at the “Make it in the Emirates” forum an increase in its local manufacturing target for critical industrial products in its procurement pipeline to AED90 billion (US$24.5 billion) by 2030 to propel UAE’s economic diversification, strengthen the industrial sector and...

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Business & Money | Tuesday 28 May, 2024 6:02 am

Aramco interested in buying minority stake in Repsol's renewable unit: Report

Saudi Aramco showed interest in acquiring a minority stake in the renewable unit of Spanish oil company Repsol, Reuters reported, citing two people familiar with the matter. Repsol has opened its renewable projects to investors willing to take minority stakes in portfolios of wind farms and...

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Tourism & Hospitality | Monday 27 May, 2024 11:46 am

B2A travel tech platform TBO goes public to further empower and accelerate growth of travel agencies in the Middle East

TBO Tek Limited, a leading travel distribution platform in the global travel and tourism industry, recently completed the public listing of its equity shares in India via the National Stock Exchange of India Limited (NSE) and the BSE Limited (BSE). The company raised approximately 186 million USD...

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Tourism & Hospitality | Monday 27 May, 2024 9:21 am

IL BARETTO RIYADH BRINGS THE SPIRIT OF ITALY TO SAUDI WITH NEW FESTIVE WEEKEND LUNCH

Bringing the conviviality of Italy’s vibrant piazzas to Saudi Arabia, Il Baretto Riyadh is launching a new weekend lunch complete with sumptuous Italian cuisine and live music. Available from Friday, 24th May, the new weekend affair will take over the KAFD restaurant on Fridays and Saturdays from ...

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Business & Money | Monday 27 May, 2024 2:08 am

Top 17 companies in Investment Readiness Acceleration Programme for Women Entrepreneurs announced

The Ministry of Economy and the European Women's Association (EWA) today announced the names of the top 17 companies in the Investment Readiness Acceleration Programme, launched in March 2024. The "Investment Readiness Acceleration Programme for Women Entrepreneurs" aims to support the growth...

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Business & Money | Monday 27 May, 2024 1:51 am

NEW MURABBA'S ICONIC MUKAAB OPENS PARTNERSHIP DOORS TO WORLD-CLASS CONTRACTORS

The New Murabba Development Company – Owned by Public Investment Funds, is inviting the world’s leading contractors to take part in bringing its groundbreaking Mukaab to reality. An icon and cornerstone of Riyadh's New Murabba mixed-use development, the Mukaab will feature the latest immersive...

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