Business & Money | Friday 29 November, 2024 7:10 am

EFG Hermes Advises on Maarif Education’s Landmark Acquisition of Ibn Khaldoun Education Company in Saudi Arabia

EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that it had advised on Maarif Education’s 100% acquisition of Ibn Khaldoun Education Company (IKEC). This transaction, currently in the post-signing stage, positions...

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Business & Money | Friday 29 November, 2024 7:06 am

Riyadh Cement inks deal with SEC’s unit to build electric transmission station

Riyadh Cement Co. signed an agreement with the National Electricity Transmission Co., a subsidiary of Saudi Electricity Co. (SEC), to implement a project for the construction of an electric transmission substation. The new utility is aimed at providing electrical service to the company's plant ...

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Business & Money | Friday 29 November, 2024 7:03 am

stc gets Spanish Cabinet nod to up voting rights in Telefonica

Saudi telecom operator stc received today, Nov. 28, the foreign investment authorization from the Spanish Cabinet, allowing for the former’s increase in its voting rights in Spain-based Telefonica from 4.97% to 9.97% and the right to appoint a board member in the company. In a statement to...

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Business & Money | Friday 29 November, 2024 6:57 am

SAB signs SAR 190M contract with HSBC Global Services

Saudi Awwal Bank (SAB) signed a contract with HSBC Global Services (UK) Limited (Related Party) to replace the current Global and Receivable finance system with a new trade system. The contract is valued at SAR 190.3 million, inclusive of VAT, SAB said in a statement to Tadawul. The deal...

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Business & Money | Friday 29 November, 2024 6:55 am

Intersec 2025 launches new global platform for excellence in policing

Intersec 2025, the world’s premier event mapping the future in security, safety and fire protection, will address how advancements in technology and data are transforming the future of law enforcement and public safety across the Middle East region through its inaugural Intersec Policing...

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Business & Money | Friday 29 November, 2024 6:52 am

The Luxe Developers launch AED2.3 billion-dirham development on Al Marjan Island

The Luxe Developers, a leading UAE-based real estate developer firm, has officially launched La Mazzoni, an AED2.3 billion-dirham development on Al Marjan Island in Ras Al Khaimah. The fully furnished luxury development is set to add another dimension to the real estate landscape in the emirate by...

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Business & Money | Thursday 28 November, 2024 4:44 pm

RIBA strengthens Gulf presence and partnerships

As part of its work to promote architectural excellence and grow its global membership, the Royal Institute of British Architects (RIBA) has been taking steps to strengthen its presence and strategic partnerships in the Gulf. This work coincides with the 15th anniversary of the RIBA Gulf...

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Business & Money | Thursday 28 November, 2024 12:37 pm

Bab Al Mansour Invites You to Discover a Bold New Era of Moroccan Gastronomy

● A Transformative Chapter in Moroccan Dining Awaits● Tradition Meets Innovation in Dubai’s Most Celebrated Moroccan RestaurantDubai, UAE – Bab Al Mansour, the flagship Moroccan dining destination of GCS, is set to embark on an exciting new chapter, reaffirming its position as the premier...

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Business & Money | Thursday 28 November, 2024 10:16 am

Ministry of Energy and Infrastructure highlights latest innovations, projects in construction at Big 5 Global

The Ministry of Energy and Infrastructure (MoEI) is participating in the Big 5 Global, the most prominent event in the region for the construction sector. The Ministry is highlighting the latest innovative solutions that contribute to sustaining the infrastructure sector, including AI...

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Business & Money | Thursday 28 November, 2024 10:14 am

UAE participates in Arab Ministerial Water Council meeting in Jordan

The Ministry of Energy and Infrastructure took part in the 16th session of the Arab Ministerial Water Council meeting held on Wednesday in the Hashemite Kingdom of Jordan. The UAE delegation was led by Ahmed Al Kaabi, Assistant Undersecretary for Electricity, Water, and Future Energy Sector at ...

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