Business & Money | Sunday 5 May, 2024 9:01 am

Economy Middle East Summit 2024 Highlights Economic Growth Prospects of MENA Region

The Economy Middle East Summit 2024 convened high-profile leaders at Abu Dhabi Global Market to share insights on “Accelerating Future Growth ” of the MENA region. The event brought together top-tier attendees including UAE Minister of Economy H.E. Abdulla Bin Touq Al-Marri. Salem Al...

More Details

Business & Money | Sunday 5 May, 2024 8:55 am

Esports World Cup and Barn’s Coffee Partner for Historic Esports Event

The Esports World Cup Foundation (“EWCF”) and Barn’s Coffee (“Barn’s”) are set to stir up the gaming world with a partnership poised to make history at the inaugural Esports World Cup in Riyadh, Saudi Arabia this summer. As the exclusive coffee brand of EWC, Barn’s is brewing...

More Details

Business & Money | Friday 3 May, 2024 3:38 pm

Ortac International Accounting Opens Dubai Office

Dubai's removal from the gray list in February 2024 further enhances its appeal, increasing operational ease for foreign entities and facilitating global business expansion, the region has become an appealing destination for Turkish enterprises. The surge in foreign trade is underscored by the...

More Details

Business & Money | Friday 3 May, 2024 1:00 pm

NMDC Group reports 112% surge in Q1 2024 net profits

NMDC Group has announced its financial results for the first quarter of 2024 (Q1 2024), reporting a 67% growth in revenues and a 112% surge in net profits compared to the same period last year. In addition, NMDC Group announced the launch of new projects and the commencement of strategic...

More Details

Business & Money | Friday 3 May, 2024 12:58 pm

DFM, SIX forge strategic partnership to market accessibility

Dubai Financial Market (DFM) and SIX, the Swiss Financial Market Infrastructure Group, announced the signing of a collaboration agreement during the second edition of the Capital Market Summit. The partnership underscores a shared commitment to exploring and implementing collaborative...

More Details

Business & Money | Friday 3 May, 2024 12:18 am

WSM inks SAR 2.2M contract with King Abdulaziz Royal Reserve

WSM for Information Technology Co. signed a contract worth SAR 2.2 million (VAT included) to build, develop, and manage a website and mobile application for King Abdulaziz Royal Reserve. In a statement to Tadawul, WSM pointed out that the duration of the contract is 24 months from the...

More Details

Business & Money | Thursday 2 May, 2024 10:12 am

Ministry finances up to 75% of industrial projects: Alkhorayef

Minister of Industry and Mineral Resources, Bandar Alkhorayef, said that the Kingdom provides financing of up to 75% of the value of quality industrial projects. According to the Ministry’s statement, during the meeting organized by the Qatari Businessmen Association in Doha with a number of ...

More Details

Business & Money | Thursday 2 May, 2024 9:33 am

ACWA Power signs SAR 11.4B financing deals to fund 2 projects

ACWA Power Co. signed, on May 1, a senior debt financing deal for Qassim 1 Combined Cycle Power Plant (CCGT) with a capacity of 1,800 MW in Qassim, according to a statement to Tadawul. The SAR 5.69 billion ($1.52 million) financing deal will extend for 28.1 years, and was signed through Qassim ...

More Details

Business & Money | Thursday 2 May, 2024 9:16 am

Zain KSA Signs Sustainability Champions Charter with Ministry of Economy and Planning

Zain KSA, the leading telecommunications and digital services provider in Saudi Arabia, has signed the ‘Sustainability Champions Initiative charter, a pivotal initiative spearheaded by the Ministry of Economy and Planning. The signing ceremony took place during the World Economic Forum's Special...

More Details

Business & Money | Thursday 2 May, 2024 9:11 am

Azizi Developments, Arup partner for Azizi Opera in Venice

Azizi Developments, a leading private developer in the UAE, has announced its partnership with UK-based engineering firm Arup for the spatial planning of Azizi’s Opera, the crown jewel of its approximately AED 30 billion mixed-use development, Azizi Venice, located in Dubai South. Founded in ...

More Details