Business & Money | Wednesday 19 July, 2023 10:15 am

BB Energy Group Holding Ltd. successfully closed its new syndicated one-year Revolving Credit Facility at USD 350 million

BB Energy Group Holding Ltd. – known as BB Energy – a leading and globally integrated commodities group, has signed a new USD 350 million one-year Revolving Credit Facility (RCF). The 365-day RCF will be used to refinance the maturing facility signed in 2021 and extended in 2022, as well as for ...

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Environment & Energy | Wednesday 19 July, 2023 10:05 am

Saudi Arabia focuses on mining sector as ‘strategic option’, says Alkhorayef

Saudi Arabia focuses on the mining sector as a strategic option to realize the Vision 2030 goals by diversifying the national economic base, Bandar Alkhorayef, Minister of Industry and Mineral Resources, said during a panel discussion at the Egypt Mining Forum 2023. Source : Argaam...

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Sports | Wednesday 19 July, 2023 10:00 am

Dota2 Riyadh Masters returns to Gamers8: The Land of Heroes with planet’s best vying for $15 million prize pool

The action, excitement and exhilaration continues at Gamers8: The Land of Heroes this week with the Dota2 Riyadh Masters back for its second edition at the biggest gaming and esports festival worldwide.  Returning to Boulevard Riyadh City even bigger and better following last year’s...

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Government | Wednesday 19 July, 2023 9:56 am

Saudi Cabinet approves establishment of infrastructure projects center in Riyadh

The Saudi Cabinet approved on July 18 during its meeting, Crown Prince Mohammed bin Salman, approved the establishment of a center for infrastructure projects in Riyadh.   In addition, the Cabinet affirmed the Kingdom's keenness to consolidate economic cooperation with various...

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Business & Money | Wednesday 19 July, 2023 9:52 am

OSOOL APPOINTED TO OVERSEE THE MANAGEMENT OF GOSI’S SAUDI REAL ESTATE PORTFOLIO

Osool, the integrated real estate company established by the General Organization for Social Insurance (GOSI), has taken another important step towards transforming the performance of one of the Kingdom’s largest diversified real estate  investment portfolios.  Osool has been...

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Business & Money | Wednesday 19 July, 2023 1:33 am

Azizi Developments sells 70% of Pearl in Al Furjan

Azizi Developments, a leading private developer in the UAE, has announced that it has sold over 70% of its units at Pearl in Al Furjan. Pearl comprises 192 studios, 54 one-bedroom apartments and 14 two-bedroom apartments, and was launched just five months ago, in February 2023. Pearl is...

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Business & Money | Wednesday 19 July, 2023 12:55 am

NBQ – Q2 2023 results – Net Profit Surges 54% reaching AED 255 Million

National Bank of Umm Al Quwain reported a net profit of AED 255 million in Q2 of 2023, reflecting a 54% increase compared to AED 165 million in Q2 of 2022. Cost-to-income ratio is 20.58%, reflecting a 880 basis point year-on-year improvement, indicating the bank's operational efficiencies and...

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Business & Money | Wednesday 19 July, 2023 12:32 am

Retal launches first project in Jeddah

Jeddah Governor Prince Saud bin Abdullah bin Jalawi inaugurated Sadayem Suburb in Jeddah, in which Retal Urban Development Co. will be one of the partners of National Housing Co. (NHC) in providing housing units for beneficiaries.  The project is Retal’s first project in...

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Business & Money | Wednesday 19 July, 2023 12:27 am

ENOC Group to offer innovative fuelling solutions to grow its eLink network at Dubai Silicon Oasis

ENOC Link, the digital mobile fuel supply service for businesses and consumers in the UAE by ENOC Group, today announced the launch of its newest eLink station at Dubai Silicon Oasis, the specialised economic zone for knowledge and innovation and a member of the Dubai Integrated Economic Zones...

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Culture & Education | Wednesday 19 July, 2023 12:13 am

Dubai Culture announces open call for ‘Al Marmoom Short-Film Competition’

Dubai Culture has launched the open call for its Al Marmoom Short-Film Competition that will be held as part of the third edition of the ‘Al Marmoom: Film in the Desert’ festival, inviting aspiring filmmakers to showcase their creativity and storytelling skills. This initiative...

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