Business & Money | Friday 31 May, 2024 12:29 am

ROSHN Unveils WAREFA’s Show Villas

ROSHN Group, Saudi Arabia’s leading real estate developer and PIF-owned giga project, has inaugurated a range of show villas, townhouses, and duplexes at WAREFA, its first community development in East Riyadh. Following the project's groundbreaking ceremony, held under the patronage of His Royal...

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Business & Money | Friday 31 May, 2024 12:20 am

Tawuniya repurchases 147,400 shares for SAR 17.1M

The Company for Cooperative Insurance (Tawuniya) announced the completion of the repurchase of shares allocated for the employee long-term stock incentive plan.   In a statement to Tadawul, the company pointed out that the repurchase was limited within a maximum period of 12...

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Business & Money | Thursday 30 May, 2024 9:36 am

Saudi Arabia to launch Aramco’s secondary offering on June 2: Report

Saudi Arabia is set to formally launch a secondary offering of Saudi Aramco on June 2, Bloomberg reported, citing unnamed sources with knowledge of the matter. The government plans to run a book-building process to gather investor orders until June 6. The stock sale has already...

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Business & Money | Thursday 30 May, 2024 9:32 am

Mayar plans SAR 500M convertible sukuk issuance

Mayar Holding Co.’s board of directors recommended on May 29 issuing SAR 500 million worth of sukuk for 24 months. The company aims to finance working capital and capital expansions, Mayar said in a statement to Tadawul. The issuance will be in several tranches, to be determined later...

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Business & Money | Thursday 30 May, 2024 9:27 am

RAKEZ drives innovation and growth at the ‘Make it in the Emirates’ Forum

Ras Al Khaimah Economic Zone (RAKEZ) contributed to the third edition of the Ministry of Industry and Advanced Technology’s (MoIAT) ‘Make it in the Emirates’ Forum, serving as a sponsor, exhibitor and key panel participant. The event, which took place recently at the Abu Dhabi Energy Centre,...

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Business & Money | Thursday 30 May, 2024 9:13 am

Abu Dhabi Securities Exchange Welcomes the Listing of Lunate Capital LLC’s Chimera S&P Japan UCITS ETF “JPANI”

Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, welcomed today the listing of the Chimera S&P Japan UCITS ETF. This marks the first ETF tracking Japanese equities to be launched on ADX. Managed by Abu Dhabi-based investment management firm Lunate Capital...

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Business & Money | Thursday 30 May, 2024 7:24 am

Nearly half of employees in the MENA region are considering entrepreneurship

The Entrepreneurship in the Middle East and North Africa 2024 survey, conducted by Bayt.com, the Middle East's leading job site, and market research agency YouGov, revealed that there's a notable inclination towards entrepreneurship in the region. Out of the 1090 people surveyed, 517 are currently...

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Business & Money | Wednesday 29 May, 2024 12:32 pm

Sharjah SME Ruwad attracts 109 new projects in Q1 2024

Sharjah SME Ruwad, affiliated with the Sharjah Department of Economic Development (SEDD), announced that 109 new projects have joined its membership during the first quarter of 2024, while it approved financing two pilot projects with a total value of AED550,000. The results of the quarterly...

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Business & Money | Wednesday 29 May, 2024 12:16 pm

Abu Dhabi Exports Office showcases financial solutions at 'Make it in the Emirates Forum'

Mohamed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development and Chairman of the Executive Committee of the Abu Dhabi Exports Office, emphasised that the office is leveraging all available resources and financing to support UAE companies. This effort aims to facilitate the global ...

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Business & Money | Wednesday 29 May, 2024 12:07 pm

Dubai Industrial City launches 13.9 million sq.ft. expansion to strengthen UAE manufacturing sector

Dubai Industrial City has officially launched 13.9 million sq.ft. of additional land capacity within its ecosystem. The additional land capacity at Dubai Industrial City, part of TECOM Group PJSC, was acquired through a AED410 million transaction that aims to champion and strengthen local...

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