Business & Money | Wednesday 24 April, 2024 9:03 am

Sure wins SAR 13.9M contract from GAFT

Sure Global Tech Co. was awarded a 30-month contract valued at SAR 13.86 million (VAT inclusive) by the Saudi General Authority of Foreign Trade (GAFT) to develop commodity supply chain. In a statement to Tadawul, Sure said it will develop supply chains for essential materials, goods, as well...

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Business & Money | Tuesday 23 April, 2024 1:22 pm

Alqemam inks SAR 7.3M contract to provide technical services

Alqemam for Computer Systems Co. signed, on April 22, a contract with Afaq Saher Contracting Est. to implement information technology services with technical support and operations for licenses, digital platforms, network, and information technology infrastructure for one of its clients. The...

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Business & Money | Tuesday 23 April, 2024 1:06 pm

MEPCO approves SAR 1.78B budget to start cardboard factory project

Middle East Paper Co. (MEPCO) announced the start of the cardboard factory project (fifth paper line), with a production capacity of 450,000 tons, according to a statement to Tadawul. The feasibility study for the project has been completed and a final budget of SAR...

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Business & Money | Tuesday 23 April, 2024 11:14 am

ACWA Power in talks for selective asset sales: CEO

ACWA Power Co. is in negotiations for selective asset sales to long-term investors such as pension funds, CEO, Marco Arcelli, said. In his remarks to Asharq on the sidelines of the World Energy Conference in Rotterdam, the Netherlands, Arcelli said long-term investors are seeking returns from...

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Business & Money | Tuesday 23 April, 2024 10:54 am

Dubai Chamber of Digital Economy attracted 9 MNCs with AED304 billion combined value in 2023

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the combined market value of the nine multinational companies (MNCs) it successfully attracted to Dubai last year exceeds AED304 billion (US$82.84 billion). The...

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Business & Money | Tuesday 23 April, 2024 10:51 am

ADCB's brand value surges over 8% in 2023, reaching AED 10.5 billion

Abu Dhabi Commercial Bank (ADCB) has seen the value of its brand increase 8.7 percent over the last year to reach AED 10.5 billion, according to the 2024 Banking 500 report from Brand Finance, the leading global brand valuation consultancy. As a result, ADCB has moved up four places to rank...

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Business & Money | Tuesday 23 April, 2024 9:53 am

Expo Centre Sharjah concludes participation in UFI’s MEA Conference

The Expo Centre Sharjah (ECS) participated in the Global Association of the Exhibition Industry (UFI)’s Middle East and Africa (MEA) Conference, held by the UFI in Kigali, Rwanda.Saif Mohammed Al-Midfa, CEO of Expo Centre Sharjah and Chairman of the Arab Union for Exhibitions, represented the ECS ...

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Business & Money | Tuesday 23 April, 2024 8:24 am

Artal Capital announces first close of Artal Growth Opportunities Fund

Artal Capital, a leading investment management company in the Kingdom of Saudi Arabia, announces the successful first closing of its Artal Growth Opportunities Fund. This marks a significant milestone for the newly established fund, which aims to support high-growth, technology-enabled companies in ...

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Business & Money | Tuesday 23 April, 2024 8:23 am

Abu Dhabi Securities Exchange (ADX) Signs Memorandum of Understanding with Republican Stock Exchange “Toshkent” (RSE)

Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today that it has signed a memorandum of understanding with the Republican Stock Exchange “Toshkent” (RSE), based in Tashkent, Uzbekistan, to collaborate on a number of key...

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Business & Money | Tuesday 23 April, 2024 8:21 am

Thimar sees real estate investments as key focus for future growth: CEO

Thimar Development Holding Co. plans to undertake real estate investments in line with its financial restructuring plan, Managing Director and CEO Melfi bin Manahi Al-Marzouqi told Argaam. The company launched its 100%-owned Thimar Towers Development and Real Estate Investment Co. to tap...

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