Business & Money | Thursday 2 May, 2024 9:09 am

ITFC Advances Global Economic Integration through Strategic Partnerships at the 49th IsDB Group Annual Meetings

During the third day of the 49th IsDB Annual Meetings, the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, signed additional agreements and engaged in pivotal partnership discussions with several key OIC member countries and other key...

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Business & Money | Thursday 2 May, 2024 9:01 am

ADNOC, G42 and Presight Partner to Accelerate AI Solutions for the Energy Sector

ADNOC, G42 and Presight AI Holding PLC (‘Presight’), an ADX publicly listed company, today announced a new shareholding structure for AIQ. Under the agreement, Artificial Intelligence (AI) and Big Data Analytics leader Presight will acquire a 51% stake in AIQ with ADNOC retaining a 49%...

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Business & Money | Thursday 2 May, 2024 8:37 am

Lana signs SAR 8M contract with Gulf Cooperation Council

Lana Medical Co. signed a contract with the Gulf Cooperation Council (GCC) at a total amount of SAR 8 million, to restore, furnish and modify the buildings of the Peninsula Shield Force in Hafar Al-Batin. The contract, signed on March 18, is valid for one year from the date of site delivery...

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Business & Money | Thursday 2 May, 2024 12:18 am

First SaudiFood Manufacturing, Kingdom’s largest F&B manufacturing event to-date, gets underway

Eng. Majed Al-Argoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON) has opened the busy inaugural SaudiFood Manufacturing show, which runs from April 30 – May 2 at Riyadh Front. Eng. Al-Argoubi inaugurated the exhibition and toured its aisles, visiting the...

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Business & Money | Wednesday 1 May, 2024 3:03 pm

Digital Transformation Summit Announces DT50 winners list!

The Digital Transformation Summit is proud to announce the inaugural DT50 winners list, recognizing the fifty most influential leaders shaping the digital future of the United Arab Emirates.  The DT50 winners list celebrates visionaries, innovators, and disruptors who are driving...

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Business & Money | Wednesday 1 May, 2024 11:59 am

Digital Transformation Summit Set to Illuminate Dubai's Innovation Landscape

The Digital Transformation Summit in Dubai aims to showcase groundbreaking initiatives in leveraging digital technologies to revolutionize public services. Through the Smart Dubai initiative, the government of Dubai has embarked on an ambitious journey to transform itself into one of the world's...

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Business & Money | Wednesday 1 May, 2024 10:54 am

UAE banks continue to achieve strong results in 2024: S&P

S&P Global's analysts stated during a roundtable on the credit rating trends for the Gulf Cooperation Council (GCC) countries in 2024 that UAE banks will continue to achieve strong results during the current year, supported by prevailing interest rate levels so far. Regarding the agency's...

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Business & Money | Wednesday 1 May, 2024 10:41 am

Ladun signs project management deal with Cheval Collection

Ladun Investment Co. signed today, April. 30, a contract with Cheval Collection Co. for management and operation of Cheval Ladun Living, a luxury hotel apartments tower, on King Fahd Road in Riyadh, the company said in a statement on Tadawul. There are no related parties...

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Business & Money | Wednesday 1 May, 2024 10:30 am

Meyar purchases 8 new trucks for SAR 2.4M

Meyar Co. announced signing an agreement with Saleh Ibrahim Al-Dohan Co. for the purchase of eight new trucks for a total value of SAR 2.43 million, inclusive of VAT. In a statement to Tadawul, Meyar said that the deal aims to develop and raise the supply chain efficiency and it will be...

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Business & Money | Wednesday 1 May, 2024 9:43 am

WEF Special Meeting concludes in Riyadh with world leaders calling for clear, irreversible path to peace and prosperity as top global priority

 Riyadh hosted more than 1,000 global leaders for the two-day World Economic Forum (WEF) Special Meeting in Riyadh, where leading political, economics, energy and technology figures called for clear pathways to stability, prosperity and inclusive growth opportunities in the face of rising...

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