Business & Money | Wednesday 1 May, 2024 10:54 am

UAE banks continue to achieve strong results in 2024: S&P

S&P Global's analysts stated during a roundtable on the credit rating trends for the Gulf Cooperation Council (GCC) countries in 2024 that UAE banks will continue to achieve strong results during the current year, supported by prevailing interest rate levels so far. Regarding the agency's...

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Business & Money | Wednesday 1 May, 2024 10:41 am

Ladun signs project management deal with Cheval Collection

Ladun Investment Co. signed today, April. 30, a contract with Cheval Collection Co. for management and operation of Cheval Ladun Living, a luxury hotel apartments tower, on King Fahd Road in Riyadh, the company said in a statement on Tadawul. There are no related parties...

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Business & Money | Wednesday 1 May, 2024 10:30 am

Meyar purchases 8 new trucks for SAR 2.4M

Meyar Co. announced signing an agreement with Saleh Ibrahim Al-Dohan Co. for the purchase of eight new trucks for a total value of SAR 2.43 million, inclusive of VAT. In a statement to Tadawul, Meyar said that the deal aims to develop and raise the supply chain efficiency and it will be...

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Business & Money | Wednesday 1 May, 2024 9:43 am

WEF Special Meeting concludes in Riyadh with world leaders calling for clear, irreversible path to peace and prosperity as top global priority

 Riyadh hosted more than 1,000 global leaders for the two-day World Economic Forum (WEF) Special Meeting in Riyadh, where leading political, economics, energy and technology figures called for clear pathways to stability, prosperity and inclusive growth opportunities in the face of rising...

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Business & Money | Wednesday 1 May, 2024 9:17 am

AbbVie inaugurates its Regional Headquarter office in Saudi Arabia

AbbVie, the global biopharmaceutical research and development company, has inaugurated its Regional Headquarter office in Jeddah at the Headquarters Business Park. This is in line with Vision 2030 and Ministry of Investment’s initiative that seeks to enable and facilitate ambitious growth plans...

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Business & Money | Wednesday 1 May, 2024 9:16 am

Salik supports Dubai Autism Center as part of its CSR strategic initiatives

Salik, the exclusive toll gate operator of the Emirate of Dubai, in line with its commitment to creating a tangible difference in the community, donated AED 200,000 to Dubai Autism Center. The contribution has been made during the Center’s 18th Autism Awareness Campaign, which is a...

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Business & Money | Wednesday 1 May, 2024 9:12 am

Diriyah Gate Development Authority obtains ISO certifications for governance and quality management

The Diriyah Gate Development Authority (DGDA) has secured two International Organization for Standardization (ISO) certifications for governance and quality management (ISO 37000 and ISO 9001). This achievement follows the application and completion of the General Secretariat of the DGDA’s Board...

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Business & Money | Wednesday 1 May, 2024 9:01 am

ROSHN Signs Pledge to Become a Saudi Sustainability Champion

ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has become one of the first ‘Saudi Sustainability Champions’ after signing a high-level pledge at the World Economic Forum. The initiative, which is led by the Ministry of Economy and Planning, aims ...

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Business & Money | Wednesday 1 May, 2024 8:23 am

AED 1 billion Manta Bay luxury project unveiled in Ras Al Khaimah

Major Developers, a UAE-based real estate company specialising in luxury living experiences, has announced the launch of Manta Bay, an AED 1 Billion luxury project in Ras Al Khaimah. This milestone project marks Major Developers' first endeavour in the emirate and signifies a major investment...

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Business & Money | Tuesday 30 April, 2024 1:22 pm

Emirates Integrated Telecommunications Company PJSC Reports its Q1 2024 Results

Emirates Integrated Telecommunications Company PJSC published today its financial results for Q1 2024. Revenues increased by 4.1% to AED 3.58 billion reflecting our continuous commercial momentum and market competitiveness. EBITDA soared by 16.2% to AED 1.59 billion reflecting top line growth,...

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