Business & Money | Tuesday 28 May, 2024 11:31 am

Al Akaria says CEO Ibrahim Alalwan resigns

Saudi Real Estate Co.’s (Al Akaria) board of directors approved, on May 27, the resignation of Chief Executive Officer (CEO) and Managing Director Ibrahim Alalwan, as of July 31, due to personal reasons. Alalwan will continue to hold his board membership, the company said in a Tadawul filing ...

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Business & Money | Tuesday 28 May, 2024 11:29 am

Mohamed Alabbar Reveals Spectacular Music, Colour, and Fire Plaza at Dubai Square, Powered by Cutting-Edge Chinese Technology

Emaar Properties has revealed its plans for The Music, Colour, and Fire Plaza at Dubai Square in Dubai Creek Harbour. This innovative addition highlights Dubai’s commitment to cutting-edge design and creating remarkable urban experiences. Surrounding the upcoming Dubai Creek Tower, the plaza ...

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Business & Money | Tuesday 28 May, 2024 11:28 am

“SADAFCO” Announces Signing a Long-term Lease with Saudi Authority for Industrial Cities and Technology Zones (Modon) in Jazan

Saudia Dairy and Food Stuff Company (SADAFCO), a manufacturer, seller, and distributor in the food sector in the Kingdom of Saudi Arabia, announced that it has signed a long-term lease contract with the Saudi Authority for Industrial Cities and Technology Zones (Modon) in the city of Jazan for an...

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Business & Money | Tuesday 28 May, 2024 11:14 am

Ferrero Illuminates Dubai’s Sky to Unveil New Ice Cream Range in the UAE

UAE Consumers Can Indulge in Their Favourite Ferrero Chocolate – including Kinder Bueno, Kinder Bueno White, Ferrero Rocher and Raffaello – Now in Ice Cream Dubai - Ferrero, one of the world’s largest sweet packaged food companies, just announced the launch of its new Ice Cream range in...

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Business & Money | Tuesday 28 May, 2024 11:04 am

Jabal Omar licensed to operate Jumeirah hotel tower

Jabal Omar Development Co. (JODC) received on May 27 the Ministry of Tourism’s license to operate the fourth, and the final tower, of the five-star Jabal Omar Jumeirah Hotel, according to a statement to Tadawul. The developer expects a positive impact on the company’s revenue in 2024, the...

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Business & Money | Tuesday 28 May, 2024 10:59 am

Etihad Atheeb wins two projects worth SAR 45.51M with TVTC

Etihad Atheeb Telecommunication Co. (GO) was awarded, on May 27, two projects with Technical and Vocational Training Corporation (TVTC) for SAR 45.51 million, including VAT. In a statement to Tadawul, the company said that the projects duration is 12 months to provide TVTC with dedicated...

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Business & Money | Tuesday 28 May, 2024 10:56 am

MIS receives new orders worth SAR 75.2M to boost data center capacity

Al Moammar Information Systems Co. (MIS) received new orders to increase the capacity of data centers at a total value of SAR 75.2 million (including VAT), the company said in a filing to Tadawul. Further developments will be announced in due course, the company noted. In June, MIS signed a...

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Business & Money | Tuesday 28 May, 2024 10:51 am

Investor confidence on the surge in GCC’s healthcare market which is slated to reach USD 135 billion by 2027: JLL

JLL, a leading professional services firm specialised in real estate, investment management, and development consultancy services, has highlighted that as governments in the Middle East push for increased localisation to attain self-sustainability in the healthcare sector, the heightened investor...

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Business & Money | Tuesday 28 May, 2024 10:48 am

DIFC Publishes Regional Outlook for Banking and Capital Markets.

 Dubai International Financial Centre (DIFC), the leading global financial centre in the MEASA region, has published a ‘Regional Outlook for Banking and Capital Markets’ report in partnership with LSEG Data & Analytics.  The report focuses on how regional IPO growth is...

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Business & Money | Tuesday 28 May, 2024 10:27 am

World-first earth-built property now open in AlUla, Saudi Arabia

The Dar Tantora The House Hotel, AlUla Old Town, Saudi Arabia is officially open for bookings now.  Operated by Kerten Hospitality, this unique 30-room boutique eco-community, designed in collaboration with Egyptian Architect Shahira Fahmy sits in the heart of AlUla’s Old Town - a...

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