Business & Money | Friday 8 March, 2024 7:08 am

ADCB approves cash dividends of AED0.56 per share amounting to AED4.099 bn

Abu Dhabi Commercial Bank (ADCB) has approved the Board of Director’s proposal to distribute a cash dividend of AED0.56 per share, translating to a total pay-out of AED4.099 billion equivalent to 50% of the Net Profit in 2023. This came as the ADCB today held its physical-cum-virtual 40th...

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Government | Friday 8 March, 2024 6:54 am

AD Ports Group welcomes Iraqi delegation to discuss strategic transport and logistics projects

AD Ports Group today welcomed an esteemed Iraqi delegation headed by Razzaq Muhaibas Al-Saadawi, Iraq’s Minister of Transport, alongside key figures and leaders in business, investment and development sectors. The focus was on a number of projects pivotal to international transport, logistics...

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Business & Money | Friday 8 March, 2024 6:49 am

AWPT subsidiary secures SAR 536M credit facilities from Al Rajhi Bank

Alkhorayef Water and Power Technologies Co. (AWPT) obtained SAR 536 million worth of Shariah-compliant credit facilities from Al Rajhi Bank for one of its subsidiaries, Package 6 Company for Environmental Services — a limited liability company, according to a statement to Tadawul today, March...

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Business & Money | Friday 8 March, 2024 6:44 am

Aramco says no impact on business due to 8% stake transfer to PIF portfolios

Saudi Arabian Oil Co. (Saudi Aramco) said the state remains the majority shareholder in the oil giant with 82.186% ownership following the transfer of 8% of the former's issued shares to wholly-owned portfolios by the Public Investment Fund (PIF). This is a private transfer where Aramco...

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Technology & IT | Friday 8 March, 2024 6:41 am

stc Group Championed Digital Transformation at LEAP 2024

stc Group concludes another successful year with its strategic partnership and participation at LEAP 2024.  The event witnessed significant announcements of global partnerships and agreements with Oracle, GalaxySpace, Ericsson and Huawei, among others.Pioneering advances in technology stc ...

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Government | Friday 8 March, 2024 6:37 am

Service suspension rules begin 01 Ramadan, excludes key services

The service suspension regulations start from 01 Ramadan 1445 AH, ensuring no harm to those with suspended services or their dependents. It strictly requires a regulatory document for implementation. Service suspensions exclude treatment, education, employment, commercial registration, and...

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Government | Friday 8 March, 2024 6:34 am

Aramco’s 8% stake transferred to PIF's portfolios: Crown Prince

Crown Prince Mohammed bin Salman announced transferring 8% of Saudi Aramco’s issued shares to wholly owned portfolios by the Public Investment Fund (PIF).   Accordingly, the Saudi government’s ownership in Aramco will reach 82.186%, the state-run SPA...

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Technology & IT | Friday 8 March, 2024 6:11 am

ejada partners with ServiceNow to accelerate digital transformation in Saudi Arabia

ejada, a leading IT services provider in the Middle East and Africa, has unveiled a partnership with ServiceNow, the leading digital workflow company making the world work better for everyone. This collaboration is designed to empower businesses in Saudi Arabia, enabling them to expedite their...

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Sports | Friday 8 March, 2024 4:52 am

Qiddiya City Announced as Nexus Partner for Esports World

Qiddiya City has been announced as the Nexus Partner of the Esports World Cup, a global esports competition set to take place from July to August 2024 in Riyadh, Saudi Arabia. The three year partnership will see the Qiddiya Gaming & Esports District become the official home of the Esports World ...

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Business & Money | Friday 8 March, 2024 1:41 am

RAKEZ welcomes diverse global delegations in a strong start to the year

Ras Al Khaimah Economic Zone (RAKEZ) noted a dynamic start to the year, having already hosted a dozen high-profile international delegations and business councils. These visits underscore RAKEZ’s growing appeal as a leading destination for investment and economic...

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