Environment & Energy | Friday 19 April, 2024 8:36 am

Ducab Metals Business Launches Eco-Aluminium Rods, Revolutionizing Sustainability in Industry

DMB (Ducab Metals Business), committed to leading the “hard to abate” aluminium industry into the green economy, today announced the launch of its Green Aluminium Rod offering to its metals portfolio which will be in compliances to EU’s CBAM regulation. DMB uses recycled aluminium to...

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Technology & IT | Friday 19 April, 2024 8:27 am

Kaspersky warns of data stealers hunting for user credentials

As the malware development market continues to flourish with new stealers such as Lumma, for the last three years Redline still remains the dominant data-stealing malware used by cybercriminals. More than half of every device (55%) targeted by password-stealer attacks in 2023 has been infected with ...

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Government | Friday 19 April, 2024 7:35 am

Saudi Arabia starts reducing payment of accumulated traffic fines by 50%

The General Department of Traffic (GDT) started April 18, reducing the payment of accumulated traffic fines by 50%. The decision applies traffic violations committed by Saudi nationals, residents, visitors, and GCC nationals before today, GDT said in a statement.  To...

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Business & Money | Friday 19 April, 2024 7:30 am

Sure inks SAR 94.2M contract to build, develop, operate e-platform

Sure Global Tech Co. signed, on April 17, a project contract with a legal entity to build, develop and operate an electronic platform at a total value of SAR 94.17 million, including value-added tax (VAT). The contract has a term of three years, the company said in a statement to Tadawul,...

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Business & Money | Thursday 18 April, 2024 10:49 am

Emirates Islamic concludes debut USD 500 million financing facility

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the successful conclusion of its debut USD 500 million syndicated Financing Facility. The landmark three-year term financing facility is the first of its kind raised by a Shariah-compliant financial...

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Tourism & Hospitality | Thursday 18 April, 2024 10:38 am

Saudi Arabia Highlights Investment Initiatives in Tourism at International Hospitality Investment Forum

The Saudi Ministry of Tourism is currently taking a prominent stage at the International Hospitality Investment Forum (IHIF), presenting a unique opportunity for global investors to dive into the thriving tourism landscape of the Kingdom. With the spotlight on the Tourism Investment Enablers...

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Tourism & Hospitality | Thursday 18 April, 2024 10:35 am

DIRIYAH COMPANY GROUP CEO JERRY INZERILLO APPOINTED UNITED NATIONS TOURISM AMBASSADOR

Diriyah Company Group CEO Jerry Inzerillo has been appointed a United Nations Tourism Ambassador during the first ever UN Sustainability week in New York. The accolade recognizes his achievements as a global visionary in the hospitality industry and internationally acknowledged visionary in tourism ...

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Business & Money | Thursday 18 April, 2024 10:17 am

Allianz SF says Allianz SE sold entire stake to ADNIC

Allianz Saudi Fransi Cooperative Insurance Co. (Allianz SF) received a notice from Allianz SE on selling its entire shares in the Saudi-listed insurer to Abu Dhabi National Insurance Co. (ADNIC), according to a statement to Tadawul. Allianz SE offloaded 30.6 million shares at a weighted price...

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Business & Money | Thursday 18 April, 2024 10:13 am

Jebel Ali Port operations continue normally: DP World

DP World affirmed that port operations are continuing normally at Jebel Ali despite the recent adverse weather conditions, and all terminals and gates remain open. In a statement today, DP World said that while some minor delays are possible due to road congestion, work is underway to minimise ...

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Environment & Energy | Thursday 18 April, 2024 10:11 am

Masdar to invest heavily in green hydrogen projects: Chief Green Hydrogen Officer

Abu Dhabi Future Energy Company – Masdar, is ramping up its investments in green hydrogen by establishing a dedicated unit to develop specialised projects in this sector locally, regionally, and globally. This move will reinforce Masdar's leading position in developing renewable and clean...

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