18 Ramadan 1445 - 28 March 2024
    
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Eye of Riyadh

SAL signs deal with Taiba Airports to develop new air cargo terminal
Business & Money | Saturday 23 March, 2024 6:30 am
SAL Saudi Logistics Services Co. and Taiba Airports signed on March 21 a 16-year agreement to establish a new air cargo terminal at Prince Mohammad Bin Abdulaziz International Airport in Madinah.  The deal aims to boost the air cargo capacity at the airport and ensure the provision of...
Bonyan REIT inks SAR 500M credit facility deal with Alinma Bank
Business & Money | Friday 22 March, 2024 7:43 am
Bonyan REIT Fund inked a Shariah-compliant credit facility deal worth SAR 500 million with Alinma Bank, fund manager Saudi Fransi Capital said in a statement to Tadawul.   The agreement runs for seven years, with margins paid quarterly, beginning with a cash withdrawal for...
Al Yamuna Densons invests AED 35 million in its facility expansion in Ras Al Khaimah
Business & Money | Friday 22 March, 2024 1:50 am
A leading Indian manufacturer of power cable joining kits, Al Yamuna Densons is expanding its facility in Ras Al Khaimah with an investment of AED 35 million to boost its regional operations. The construction in the Al Hamra Industrial Zone is set to be completed by May, taking the total area to...
Azizi Developments’ Amber in Al Furjan reaches 76% construction completion
Business & Money | Friday 22 March, 2024 1:48 am
Azizi Developments, a leading private developer in the UAE, has announced the 76% construction completion of Amber, its premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan.  Comprising a mix of studios, one-, two- and three-bedroom residences, Amber is due for...
Business & Money | Friday 22 March, 2024 1:46 am
Under the patronage of H.E. Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation (PCFC), the Corporation hosted the annual Ramadan gathering at the suhoor table on the Queen Elizabeth II (QE2) ship in Dubai. This initiative reflects the...
Saudia Technic and flyadeal Secure Major Maintenance Contract at MRO Middle East Conference in Dubai
Business & Money | Friday 22 March, 2024 1:41 am
At the prestigious Dubai MRO Middle East 2024 Conference, Saudia Technic is proud to announce that flyadeal has awarded it a significant contract for the completion of 10 C checks on its Airbus A320neo fleet throughout 2024. This achievement underscores Saudia...
eWTP Arabia Capital Portfolio Companies Strengthen Saudi Presence and Partnerships at LEAP 2024
Business & Money | Friday 22 March, 2024 12:06 am
eWTP Arabia Capital (eWTPA), a growth-stage investor headquartered in Riyadh and Asia Tech Partner of LEAP 2024, showcased its commitment to fostering innovation and partnership building at the recent event. Leveraging its position, eWTPA facilitated significant collaborations with the Saudi...
Gold prices surpass $2,200 for first time ever
Business & Money | Thursday 21 March, 2024 11:04 am
Gold prices jumped today, March 21, above $2,200 for the first time ever after the Federal Reserve kept interest rates unchanged and maintained its view for the number of cuts at three.   Fed Chair Jerome Powell said that officials want to see more evidence that inflation is coming...
Yansab shareholders OK retaining SAR 1.7B from statutory reserve
Business & Money | Thursday 21 March, 2024 10:58 am
Yanbu National Petrochemical Co.’s (Yansab) shareholders approved transferring SAR 1.69 billion in statutory reserve, as per financial statements for the year ended on Dec. 31, 2023, to the retained earnings, during the extraordinary general meeting (EGM) held on March 20, according to a...
ADGM 2024 growth outlook: Over 70% of companies in ADGM Plan Workforce Expansion in 2024
Business & Money | Thursday 21 March, 2024 10:56 am
A survey by the Abu Dhabi Global Market (ADGM), which stands as a testament to the vision and ambition that drive the UAE and the wider region's economic landscape, indicates a strong growth trajectory in several sectors, with Asset Management poised to take the lead, as 18.56 percent of...
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