Business & Money | Friday 24 May, 2024 12:28 am

UAE China Tyre & Auto Parts Expo kicks off May 27 with over 300 exhibitors

Capitalising on the zooming auto automotive aftermarket and service industry in the country and the region, the UAE China Tyre & Auto Parts Expo is set to see an impressive rise in the number of exhibitors taking part in its upcoming edition.Aiming to provide the regional market direct access...

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Business & Money | Thursday 23 May, 2024 2:24 pm

ADNOC completes $935 million institutional placement of ADNOC Drilling shares

Abu Dhabi National Oil Company (ADNOC) announced today that it has successfully completed a placement to institutional investors of 880 million shares in ADNOC Drilling Company. This represents 5.5% of ADNOC Drilling’s total issued and outstanding share capital, and will increase the Company’s...

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Business & Money | Thursday 23 May, 2024 2:13 pm

Saudi Arabia plans SAR 15B projects to reuse treated water

Saudi Arabia plans to establish 96 projects to enhance the infrastructure for the reuse of treated water in the agricultural, urban, and industrial sectors. The estimated cost for these projects exceeds $4 billion, or nearly SAR 15 billion, Muhammad bin Zaid Abuhaid, Acting CEO of Saudi...

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Business & Money | Thursday 23 May, 2024 2:00 pm

NHC signs 77 agreements at Real Estate Supply Chain Forum

The National Housing Co. (NHC) signed today, May 22, as many as 77 agreements at the conclusion of the exhibition accompanying the 2024 Real Estate Supply Chain Forum, the Saudi Press Agency (SPA) reported. This included five memorandums of understanding (MoUs) to establish industrial zones,...

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Business & Money | Thursday 23 May, 2024 1:49 pm

BIM Ventures, MISA in partnership with SBI Holdings to launch $100M startup investment fund in Saudi Arabia

BIM Ventures, the Saudi Venture Studio, announced today at the Saudi Japan Vision 2030 Business Forum in Tokyo, Japan, the signing of a memorandum of understanding (MoU) with SBI Holdings. This collaboration, facilitated in partnership with the Ministry of Investment of Saudi Arabia (MISA), aims to ...

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Business & Money | Thursday 23 May, 2024 1:48 pm

Cenomi Centers plans to invest SAR 5B: CEO

Alison Erguven, CEO of Arabian Centers Co. (Cenomi Centers), stated that the company plans to invest SAR 5 billion, half of which will be allocated to the Jawharat Riyadh and Jawharat Jeddah projects. She expects Jawharat Riyadh to open in the second half of 2025.  In...

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Business & Money | Thursday 23 May, 2024 1:37 pm

London is the top choice for UAE property investors exploring opportunities overseas, finds latest research from Barratt London

Research conducted by Insight Advantage on behalf of Barratt London, a market-leading residential developer in the UK, has revealed that London is the top choice for UAE investors looking to purchase property overseas. The survey, which was conducted this month, set out to identify the preferences...

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Business & Money | Thursday 23 May, 2024 1:30 pm

Ras Al Khaimah Ruler inaugurates Glass Technology’s AED 350 million manufacturing facility

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, inagurated Glass Technology’s solar glass manufacturing facility in Al Ghail, Ras Al Khaimah. Glass Technology set up its massive facility spanning approximately 113,000 m2 with a total...

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Business & Money | Thursday 23 May, 2024 1:29 pm

NEW MURABBA’S MUKAAB SIGNS LANDMARK PILING CONTRACT WITH HSSG FOUNDATION CONTRACTING LLC

In a significant milestone that propels the ambitious Mukaab forward, the New Murabba Development Company – A PIF Company -  is pleased to announce the signing of the Mukaab Piling Works Contract with HSSG Foundation Contracting LLC, known for providing technically advanced foundation...

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Business & Money | Wednesday 22 May, 2024 4:06 pm

CIPS MENA Conference and Awards 2024 saw experts and thought leaders deliver groundbreaking seminars and panel discussions

The Chartered Institute of Procurement and Supply (CIPS) held its annual CIPS MENA Conference 2024 at the Hilton Riyadh Hotel on 16th May 2024. With 1200 delegates in attendance, this is the largest regional event in the institute’s 93 year history. The conference provided an opportunity for ...

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