Business & Money | Saturday 25 May, 2024 8:06 am

Moody's affirms Saudi Arabia's 'A1' rating, outlook positive

The rating agency Moody's affirmed Saudi Arabia's 'A1' rating, with positive outlook, Saudi Press Agency reported.  The Kingdom’s rating, according to the agency, came in line with the tangible progress the government has achieved in comprehensive reforms since 2016, as well as the...

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Business & Money | Saturday 25 May, 2024 8:04 am

Aramco plans share of nearly $10B shares: Report

Saudi Arabia is planning a $10 billion share sale in Aramco, Reuters reported. The share sale is expected to take place as soon as June in what would be one of the region's biggest stock deals. The preparations are ongoing and the details could still change, two sources...

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Business & Money | Saturday 25 May, 2024 1:00 am

Almuneef renews, expands SAR 35M credit facilities deal with Bank Albilad

Almuneef Co. for Trade, Industry, Agriculture, and Contracting announced the renewal and increase of its financial facilities contract with Bank Albilad. In a statement to Tadawul, the company said the facilities’ renewal for the previous year totaled SAR 13 million, with approval for an...

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Business & Money | Saturday 25 May, 2024 12:03 am

Korea Eximbank provides $1B financing to Saudi Amiral project

The Export-Import Bank of Korea (Eximbank) announced on Thursday that it will provide the Amiral petrochemical complex project in Saudi Arabia with $1 billion in financing, Yonhap News Agency reported, citing a statement. The project was awarded to Hyundai Engineering & Co. This project...

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Tourism & Hospitality | Saturday 25 May, 2024 12:03 am

Dubai Production City to participate in drupa 2024 in Germany

Dubai Production City, the Middle East’s leading destination dedicated to printing, packaging, and production industry excellence, has announced its participation in drupa, the world’s leading trade fair for the printing and graphics sector taking place from 28th May to 7th June 2024 in...

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Tourism & Hospitality | Saturday 25 May, 2024 12:02 am

Khalifa Fund awards winners of first Innovation Challenge 'Inno Tank'

Khalifa Fund for Enterprise Development successfully concluded the inaugural edition of the "Innovate" Innovation Challenge, which was launched in February, in conjunction with the UAE's Innovation Month, "UAE Innovates 2024". The challenge targeted students from universities in Abu Dhabi, as part...

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Government | Saturday 25 May, 2024 12:02 am

ADIB wins 4 major accolades at Euromoney Islamic and Excellence Finance Awards

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has been awarded four prestigious awards at Euromoney Islamic and Excellence Finance Awards 2024, serving as a significant tribute to the bank's exceptional performance and unwavering commitment to redefining innovation in...

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Technology & IT | Saturday 25 May, 2024 12:01 am

Bodour Al Qasimi reviews performance of Eagle Hills Sharjah

Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq) has led the annual meeting of Eagle Hills Sharjah Development LLC board. This joint venture, between Shurooq and Abu Dhabi-based real estate developer Eagle Hills, remains committed to...

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Culture & Education | Saturday 25 May, 2024 12:00 am

Latifa bint Mohammed attends inaugural ‘Reading for Pleasure’ conference organised by Emirates Literature Foundation

H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority (Dubai Culture) attended the ‘Reading for Pleasure’ conference, which was organised for the first time in the region by the Emirates Literature Foundation. The conference opened with a...

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Government | Saturday 25 May, 2024 12:00 am

CBUAE Governor, IMF mission discuss UAE financial, banking sector developments

Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), met with a mission from the International Monetary Fund (IMF), led by Ali Al-Eyd, during the 2024 Article IV Consultation to discuss the UAE’s economic and financial developments. The meeting encompassed a review of the...

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