Business & Money | Thursday 26 December, 2024 11:41 am

UAE participates in first meeting of Arab Cybersecurity Ministers Council in Riyadh

The United Arab Emirates, represented by the UAE Cybersecurity Council, participated in the first meeting of the Arab Cybersecurity Ministers Council, which was hosted in Riyadh, Saudi Arabia, on December 22-23, 2024, under the auspices of the General Secretariat of the Arab League. The...

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Business & Money | Thursday 26 December, 2024 11:39 am

UAE, Croatia explore opportunities to bolster bilateral economic, trade relations

Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, met Ante Šušnjar, Croatia’s Minister of Economy and Sustainable Development, during an official visit to Zagreb. Discussions between the two ministers, who were joined by Ahmed Alattar, non-Resident Ambassador of the...

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Business & Money | Thursday 26 December, 2024 11:26 am

IPS Congress 2025 highlights future trends in real estate sector

The 21st edition of IPS Congress, set to be held at the Dubai World Trade Centre (DWTC) from 14th to 16th April 2025, will provide a leading global real estate platform to showcase the latest real estate projects and future trends in this vital sector. The exhibition marks a pivotal turning...

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Business & Money | Thursday 26 December, 2024 11:16 am

MIS wins 2 projects worth SAR 101.8M with Ministry of Health

Al Moammar Information Systems Co. (MIS) announced that it was awarded two projects with the Ministry of Health (General Bureau), at a total value of SAR 101.8 million, including value-added tax (VAT). The company said in two separate statements on Tadawul that...

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Business & Money | Thursday 26 December, 2024 11:15 am

Al Arabia wins advertising deal for King Abdulaziz Transport Project

Arabian Contracting Co. (Al Arabia) was awarded, on Dec. 25, a 10-year project by the Royal Commission for Riyadh City (RCRC) to invest in and lease the internal advertising spaces within the King Abdulaziz Project for Riyadh Public Transport, including the trains and buses. According to...

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Business & Money | Thursday 26 December, 2024 9:20 am

AD Ports Group completes restructuring of Noatum Group Assets

AD Ports Group today announced the completion of the biggest restructuring in its corporate history, integrating the assets of recently acquired Noatum Group into its existing business structure. The integration of Barcelona-based Noatum Group, a vertically integrated provider of global...

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Business & Money | Thursday 26 December, 2024 9:16 am

ADFD extends additional AED147 million loan to complete Velana International Airport development in Maldives

Abu Dhabi Fund for Development (ADFD) has announced an additional loan of AED 147 million (US$40 million) to support the completion of the Velana International Airport project in the Maldives. This follows an earlier loan of AED183.5 million (US$50 million) provided in 2017 for the project’s ...

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Business & Money | Thursday 26 December, 2024 9:06 am

From Innovation to Impact: KFSHRC's 3D Printing Project Wins Global Recognition

King Faisal Specialist Hospital & Research Centre (KFSHRC) has been awarded the Global Excellence Award in Technology Project Management for 2024 by the Global Project Management Forum (GPMF) for its pioneering 3D Printing Project. The project has revolutionized healthcare delivery, enhancing...

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Business & Money | Wednesday 25 December, 2024 10:28 am

Moody's, Fitch assign Aramco's commercial paper program short-term ratings

Credit rating agencies Moody's and Fitch assigned short-term ratings to Saudi Aramco's $10 billion commercial paper program. Moody's assigned a Prime-1 short-term rating to Aramco, along with the same rating for the company’s commercial paper program. It also reaffirmed Aramco's long-term...

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Business & Money | Wednesday 25 December, 2024 9:23 am

KHC acquires stake in xAI for SAR 1.5B

Kingdom Holding Co. (KHC) acquired a stake in xAI CORP. (xAI) for SAR 1.5 billion ($400 million), as part of xAI’s Series C funding round, according to a statement to Tadawul. This followed KHC's previous investment at the same value in xAI during its Series B funding round. The financing...

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