Business & Money | Thursday 21 November, 2024 11:17 am

Jabal Omar sells land plot for SAR 1.1B, gains SAR 818.2M

Jabal Omar Development Co. (JODC) signed, on Nov. 20, an agreement to sell a land plot for SAR 1.07 billion in its Makkah project to Hamad Al Mohaissin. In a statement to Tadawul, JODC said the land’s book value stands at SAR 254.12 million, including the development value. The land plot...

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Business & Money | Thursday 21 November, 2024 11:12 am

Diriyah lays foundation for Qurain Cultural District, Northern District for SAR 5.8B

Diriyah Company announced today, Nov. 20, details of two high profile multi-billion dollar educational and arts districts. The company laid cornerstone for Qurain Cultural District and Northern District projects for a total of SAR 5.8 billion. The announcement was made during the 2nd edition...

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Business & Money | Thursday 21 November, 2024 10:30 am

Retal signs SAR 112.7M contract with affiliate to build 60 residential units in Jeddah

Retal Urban Development Co. signed a contract with its affiliate, Building Contraction Co. (BCC), to build 60 residential units in Al-Mohammedia district, Jeddah. The contract, with no preferential terms, is valued at SAR 112.7 million, exclusive of VAT and fees, if any. The project will be...

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Business & Money | Wednesday 20 November, 2024 11:08 am

SAIB starts issuing USD-denominated sukuk

The Saudi Investment Bank (SAIB) started issuing USD-denominated additional Tier 1 sustainable sukuk, according to a Tadawul statement.  The final issuance value and offering terms will be determined based on market conditions. Issuance DetailsTypeUSD-denominated...

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Business & Money | Wednesday 20 November, 2024 11:05 am

Dubai Customs Seizes 26,000 Units of Restricted Eye Medication in Smuggling Crackdowns

Dubai Customs has successfully intercepted a sequence of smuggling attempts involving a restricted eye drop medication transported by travelers from Asia. This drug, classified as a controlled substance in the UAE, is prohibited for sale or use without a medical prescription due to its narcotic...

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Business & Money | Wednesday 20 November, 2024 10:58 am

Strategic Partnership: Tarabut & Geidea Sign MOU to Explore Game-Changing SME Financing Solutions in Saudi Arabia

Tarabut, the MENA region’s leading, regulated open banking platform, and Geidea, Saudi Arabia’s leading payments solutions provider, have entered a strategic partnership to explore and potentially develop tailored SME financing solutions, subject to regulatory approvals. Today, SMEs represent...

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Business & Money | Wednesday 20 November, 2024 10:55 am

UAE data centre market to be worth AED 9.7 billion by 2029

Growth in facilities is driving demand for specialist cleaning service providers that adhere to international standards & guidelines, says Hitches & Glitches  Dubai-based sustainable and technology-driven maintenance and cleaning specialist Hitches & Glitches (H&G), part...

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Business & Money | Wednesday 20 November, 2024 10:50 am

Kaspersky and AFRIPOL strengthen partnership in combating cybercrime by signing new cooperation agreement

To further enhance global efforts to combat cyber offenses, Kaspersky and AFRIPOL have signed a cooperation agreement in preventing and fighting cybercrime. Covering a period of five years, the document formalizes and facilitates cooperation between the company and the law enforcement agency in...

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Business & Money | Wednesday 20 November, 2024 10:48 am

Dubai Courts participates in the International Association of Court Administration (IACA) (conference in Singapore to share experiences and promote innovation in judicial management

Dubai Courts participated in the events of the International Association of Court Administration (IACA)  conference held in Singapore, with the participation of a group of senior leaders and specialists in the judicial and legal fields from around the world. The conference witnessed a series...

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Business & Money | Wednesday 20 November, 2024 10:43 am

Emaar Properties Unveils Expo Living – A landmark Community Development through joint venture with Dubai World Trade Centre

 Emaar Properties and Dubai World Trade Centre (DWTC) have established a joint venture to develop Expo Living, a new residential lifestyle community at Expo City Dubai. Expo Living, a thoughtfully designed urban community will offer a modern lifestyle for residents seeking seamless...

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