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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Business & Money | Wednesday 25 December, 2024 9:22 am

SPIMACO obtains SAR 220M credit facilities from Alinma Bank

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) inked a Shariah-compliant credit facility agreement with Alinma Bank for SAR 220 million, according to a statement to Tadawul. The agreement includes a short-term, one-year facility at SAR 20 million, and...

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Business & Money | Wednesday 25 December, 2024 9:19 am

Mubadala acquires majority stakes in Global Medical Supply Chain, Al Ittihad Drug

Mubadala Investment Company has acquired an 80% stake in Global Medical Supply Chain (GMSC) and Al Ittihad Drug Store (IDS) from GlobalOne Healthcare Holding (GHH), with GHH retaining a 20% stake. This strategic acquisition enhances Mubadala's footprint in the healthcare logistics and...

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