Business & Money | Friday 28 June, 2024 1:03 pm

Abu Dhabi boosts ‘Rasid Lab’ to monitor security, health and environmental challenges

The Abu Dhabi Quality and Conformity Council (ADQCC) held its second steering committee meeting of 2024, focusing on the outcomes of the "Rasid Laboratory" in 2023 and strategic projects for its future development. The meeting reviewed the laboratory's unique scope covering security, health,...

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Business & Money | Friday 28 June, 2024 1:00 pm

Aramco set to buy 10% stake in Renault-Geely JV: Report

Saudi Aramco is is set to take a stake of about 10% in a powertrain joint venture with Renault SA and China’s Zhejiang Geely Holding Group Co., Bloomberg reported, citing people familiar with the matter.  The transaction is set to value Horse Powertrain Ltd. at around €7.4...

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Business & Money | Friday 28 June, 2024 12:59 pm

Dallah Healthcare, AlJazira Capital set to launch investment real estate fund in Riyadh

Dallah Healthcare Co. plans to sign a joint memorandum of understanding (MoU) with Dallah Real Estate Co., AlJazira Capital and Tatweer to launch an investment real estate fund to appreciate partners’ capital through acquiring land plot and implementing construction development...

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Business & Money | Friday 28 June, 2024 12:58 am

Azizi Developments, RAK Ceramics expand contract across multiple projects

 Azizi Developments, a leading private developer in the UAE, has extended its partnership with RAK Ceramics, the renowned global lifestyle solutions provider based in the UAE, for the supply of ceramic sanitary ware. RAK Ceramics will now supply various projects across MBR City, Dubai Studio...

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Business & Money | Thursday 27 June, 2024 1:53 pm

Saudi Minister of Finance Concludes his Participation in OPEC Fund Development Forum and Ministerial Meeting

His Excellency the Saudi Minister of Finance, Mr. Mohammed bin Abdullah Aljadaan, concluded his participation in the OPEC Fund Development Forum and Ministerial Meeting, which was held June 25-26, 2024 in Vienna, Austria. During the meeting Minister Aljadaan described Saudi Arabia’s efforts...

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Business & Money | Thursday 27 June, 2024 11:50 am

ACWA Power inks SAR 12.3B PPAs for 3 energy projects

ACWA Power Co. signed, on June 26, power purchase agreements (PPAs) worth SAR 12.3 billion ($3.3 billion) to develop, implement, and operate three major solar photovoltaic (PA) energy projects in Haden, Muwayh and Al Khushaybi. In a statement to Tadawul, ACWA Power said the projects are...

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Business & Money | Thursday 27 June, 2024 10:59 am

Leading Mobility Stakeholders Gather in Riyadh for GEMTECH Forum 2024

 Saudi Arabia’s Premier mobility event, Global EV & Mobility Technology Forum (GEMTECH), will open its doors to global and regional mobility stakeholders in less than three weeks at Riyadh  International  Convention & Exhibition  Center(RICEC). The Show will host a...

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Business & Money | Thursday 27 June, 2024 10:29 am

Advancements in 3D Printing Construction and its Contribution to UAE's Net Zero by 2050 Initiative

In recent years, the UAE has emerged as a global leader in adopting innovative technologies to achieve sustainability goals. One of the most promising advancements is in the realm of 3D printing construction, which is revolutionizing the building industry and contributing significantly to the UAE's ...

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Business & Money | Thursday 27 June, 2024 10:13 am

Dubai Mercantile Exchange Welcomes Saudi Tadawul Group as New Strategic Shareholder

Further to the announcement made on 18 January 2024 with respect to a binding agreement to acquire a 32.6% strategic stake in DME Holdings Limited, Saudi Tadawul Group Holding Company (the Group), a leading diversified capital markets group in the MENA region, is pleased to announce that it has...

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Business & Money | Thursday 27 June, 2024 10:06 am

US dollar-denominated 10-year USD 1.50 billion bond, maturing in July 2034

 The Ministry of Finance, has successfully closed its offering of a US dollar-denominated 10-year USD 1.50 billion bond, maturing in July 2034. Issued with a yield of 4.857%, the bond represents a spread of 60 basis points over US Treasuries. The bond will be listed on the London Stock...

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