Business & Money | Wednesday 8 May, 2024 10:21 am

NAHDI RECORDS 7.2% REVENUE GROWTH WITH A 10.3% NET PROFIT MARGIN, EXCEEDING ITS PREVIOUS GUIDANCE

Exceeding its previous guidance, Nahdi Medical Company achieved SAR 2.26 billion in revenue in Q1 2024, representing a 7.2% increase compared to Q1 2023 and 2% increase compared to the previous quarter.  Nahdi's Medicine segment continues to experience solid year-over-year growth, driven...

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Business & Money | Wednesday 8 May, 2024 9:27 am

Al Khan Affirms Innovation: Cutting-Edge Parking Systems Expand to Bahrain & Saudi Arabia

During participation at the Intertraffic Amsterdam Event, world’s largest mobility and traffic technology trade show, Mr. Omar Al Khan, Founder and Managing Partner of ParkPoint Parking Solutions, reiterated the company's commitment to introducing the latest international parking management...

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Business & Money | Wednesday 8 May, 2024 9:24 am

Azizi Developments partners with UAE’s Al Gurg Consultants for Venice

Azizi Developments, a leading private developer in the UAE, has signed with UAE-based Al Gurg Consultants for the detailed design of eight residential towers in its approximately AED 30 billion mixed-use development, Azizi Venice, located in Dubai South. Founded in 1969 and headquartered in...

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Business & Money | Tuesday 7 May, 2024 2:12 pm

Emirates NBD and Nium join forces to transform global cross-border payments in the Middle East

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region and Nium, a global leader in real-time in cross-border payments have announced a strategic alliance to empower customers with a cutting-edge remittance solution and redefine the financial services...

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Business & Money | Tuesday 7 May, 2024 1:12 pm

Budget deficit ‘intended’; management is govt priority: Al-Jadaan

Saudi Arabia’s budget deficit was “intended”, and the government understands the concerns about its potential impact on the economy, Mohammed Al-Jadaan, Minister of Finance, told Al-Eqtisadiah newspaper.   Managing the budget deficit is one of the government's priorities,...

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Business & Money | Tuesday 7 May, 2024 12:08 pm

UAE Ministry of Finance Meets with IMF Article IV Consultation Mission

His Excellency Younis Haji Al Khoori, Undersecretary of the UAE Ministry of Finance, today met with the International Monetary Fund (IMF) Article IV consultation mission, at the Ministry’s headquarters in Abu Dhabi. The meeting was attended by Ali Abdullah Sharafi, Acting Assistant...

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Business & Money | Monday 6 May, 2024 8:58 am

Dar Wa Emaar Joins Lumofy's Growing Client Base to Bring Advanced Skill-Building Opportunities

Lumofy, a leading provider of talent management solutions, is thrilled to announce that Dar Wa Emaar, one of the premier real estate companies in Saudi Arabia, has joined Lumofy’s growing customer base. This collaboration marks a significant step forward for both organizations. Lumofy's...

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Business & Money | Monday 6 May, 2024 8:52 am

Islamic Development Bank, Abu Dhabi Fund for Development, the Bill & Melinda Gates Foundation & Partners Pledge New Support of US$ 219 million to the Lives and Livelihoods Fund

The city of Riyadh, the capital of the Kingdom of Saudi Arabia, has seen the announcement by four global development partners jointly announced an additional US$ 219 million in donor support for total 37 projects in 22 IsDB member countries through the Lives and Livelihoods Fund 2.0 (LLF 2.0). The...

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Business & Money | Monday 6 May, 2024 8:29 am

ACRES Real Estate Exhibition to spotlight 120 projects on 16th May

The Organising Committee of the ACRES Real Estate Exhibition declared the completion of its preparations for the inaugural edition launch in Dubai, set to debut this year from 16th to 19th May at the Dubai World Trade Centre. Spanning over an area of 6000 square meters, ACRES has successfully...

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Business & Money | Monday 6 May, 2024 8:21 am

Saudi Electricity achieves financial closure for Qassim 1 and Taiba 1 at SAR 11.4B

Saudi Electricity Co. (SEC) achieved financial closure for Qassim 1 and Taiba 1 independent power projects (IPPs) at a total value of SAR 11.4 billion ($3.04). According to the Saudi Press Agency, the financing agreements were signed by the project companies, Sidra One Co. for the...

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