Business & Money | Saturday 1 June, 2024 3:29 pm

Additional cases of VAT refund by real estate developers

The official Umm Al -Qura newspaper published today, May 31, additional cases to redeem value-added tax (VAT) by real estate developers.  The developers qualified for VAT redemption who deduct VAT from their purchases of goods or services related to real estate supplies can redeem the tax ...

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Business & Money | Saturday 1 June, 2024 2:51 pm

ACWA Power and Tunisian government sign MoU for major green hydrogen project

Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed a memorandum of understanding (MoU) with the Tunisian Government represented by the Ministry of Industry, Mines and Energy to explore the...

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Business & Money | Friday 31 May, 2024 2:29 am

Neo Space Group (NSG) partners with SES to deliver groundbreaking aviation industry-first inflight connectivity service to the global airline market

 Neo Space Group (NSG), a Public Investment Fund (PIF) global space services company, has joined forces with a global satellite communications operator SES, to bring the SES Open Orbits™ Inflight Connectivity network to the international airlines market. SES Open Orbits™ is an...

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Business & Money | Friday 31 May, 2024 12:32 am

Soudah Development & Warner Bros. Discovery International Sign Partnership to Showcase the Rich Heritage, Culture, and Natural Beauty of Soudah Peaks

Soudah Development and Warner Bros. Discovery International signed a one-year partnership agreement to promote and celebrate the distinctive nature, culture, and heritage of Soudah and parts of Rijal Almaa, a region situated in southwest Saudi Arabia. This collaboration will focus on raising...

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Business & Money | Friday 31 May, 2024 12:29 am

ROSHN Unveils WAREFA’s Show Villas

ROSHN Group, Saudi Arabia’s leading real estate developer and PIF-owned giga project, has inaugurated a range of show villas, townhouses, and duplexes at WAREFA, its first community development in East Riyadh. Following the project's groundbreaking ceremony, held under the patronage of His Royal...

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Business & Money | Friday 31 May, 2024 12:20 am

Tawuniya repurchases 147,400 shares for SAR 17.1M

The Company for Cooperative Insurance (Tawuniya) announced the completion of the repurchase of shares allocated for the employee long-term stock incentive plan.   In a statement to Tadawul, the company pointed out that the repurchase was limited within a maximum period of 12...

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Business & Money | Thursday 30 May, 2024 9:36 am

Saudi Arabia to launch Aramco’s secondary offering on June 2: Report

Saudi Arabia is set to formally launch a secondary offering of Saudi Aramco on June 2, Bloomberg reported, citing unnamed sources with knowledge of the matter. The government plans to run a book-building process to gather investor orders until June 6. The stock sale has already...

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Business & Money | Thursday 30 May, 2024 9:32 am

Mayar plans SAR 500M convertible sukuk issuance

Mayar Holding Co.’s board of directors recommended on May 29 issuing SAR 500 million worth of sukuk for 24 months. The company aims to finance working capital and capital expansions, Mayar said in a statement to Tadawul. The issuance will be in several tranches, to be determined later...

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Business & Money | Thursday 30 May, 2024 9:27 am

RAKEZ drives innovation and growth at the ‘Make it in the Emirates’ Forum

Ras Al Khaimah Economic Zone (RAKEZ) contributed to the third edition of the Ministry of Industry and Advanced Technology’s (MoIAT) ‘Make it in the Emirates’ Forum, serving as a sponsor, exhibitor and key panel participant. The event, which took place recently at the Abu Dhabi Energy Centre,...

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Business & Money | Thursday 30 May, 2024 9:13 am

Abu Dhabi Securities Exchange Welcomes the Listing of Lunate Capital LLC’s Chimera S&P Japan UCITS ETF “JPANI”

Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, welcomed today the listing of the Chimera S&P Japan UCITS ETF. This marks the first ETF tracking Japanese equities to be launched on ADX. Managed by Abu Dhabi-based investment management firm Lunate Capital...

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