24 Dhu al-Qi'dah 1445 - 1 June 2024
    
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Eye of Riyadh

DIFC Publishes Regional Outlook for Banking and Capital Markets.
Business & Money | Tuesday 28 May, 2024 10:48 am
 Dubai International Financial Centre (DIFC), the leading global financial centre in the MEASA region, has published a ‘Regional Outlook for Banking and Capital Markets’ report in partnership with LSEG Data & Analytics.  The report focuses on how regional IPO growth is...
du and Gracia Group announce first-of-its-kind innovative agritech digital platform for agriculture and farming in the UAE
Technology & IT | Tuesday 28 May, 2024 10:45 am
du, an Emirates Integrated Telecommunications Company (EITC), today announced a partnership with Gracia Group to unveil the agritech platform', a full-fledged digital ecosystem poised to transform the agricultural sector in the UAE supporting the vision of leaders of the country. The signing...
World-first earth-built property now open in AlUla, Saudi Arabia
Business & Money | Tuesday 28 May, 2024 10:27 am
The Dar Tantora The House Hotel, AlUla Old Town, Saudi Arabia is officially open for bookings now.  Operated by Kerten Hospitality, this unique 30-room boutique eco-community, designed in collaboration with Egyptian Architect Shahira Fahmy sits in the heart of AlUla’s Old Town - a...
“SPORTS BOULEVARD” DOUBLES THE VALUE OF PRIVATE REAL ESTATE INVESTMENT FUNDS FOR THE ARTS DISTRICT TO REACH SAR 2 BILLION
Sports | Tuesday 28 May, 2024 10:17 am
The "Sports Boulevard" Foundation has announced with Ajdan Real Estate Development Company and Albilad Capital to double the value of the private real estate investment fund, currently valued at SAR 1 billion, by an additional SAR 1 billion; bringing the total value of the fund to SAR 2 billion,...
SRC Extends its Refinancing Agreement with arab national bank (anb) with an Additional SAR 500 million
Business & Money | Tuesday 28 May, 2024 9:47 am
The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) company, has extended its refinancing agreement with arab national bank (anb) with an additional SAR 500 million. This is the second refinancing agreement between both entities.  The agreement was signed by...
Sharjah Chamber enhances cooperation with Hong Kong in international commercial arbitration
Government | Tuesday 28 May, 2024 8:41 am
The Sharjah Chamber of Commerce and Industry (SCCI) and a high-level judicial delegation from the Hong Kong Special Administrative Region, explored avenues for enhancing cooperation in the field of commercial and investment laws. Both sides also discussed establishing a strategic partnership...
Third 'Make It in the Emirates Forum' kicks off
Technology & IT | Tuesday 28 May, 2024 8:32 am
The third edition of the "Make It in the Emirates Forum", organised by the Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Abu Dhabi Department of Economic Development (ADDED) and ADNOC Group, began today in Abu Dhabi. Under the theme "Invest. Innovate. Grow.,"...
Saudi Arabia starts sale of 3-tranche sukuk: Report
Business & Money | Tuesday 28 May, 2024 8:28 am
Saudi Arabia started selling Shariah-compliant sukuks, divided into three tranches with tenors of three years, six years, and 10 years, Reuters reported citing IFR news service.   Initial guidance was placed around 85 basis points (bps) over US Treasuries (UST) for the three-year...
ADNOC boosts local manufacturing target to AED90 billion by 2030
Business & Money | Tuesday 28 May, 2024 7:26 am
ADNOC announced today at the “Make it in the Emirates” forum an increase in its local manufacturing target for critical industrial products in its procurement pipeline to AED90 billion (US$24.5 billion) by 2030 to propel UAE’s economic diversification, strengthen the industrial sector and...
Aramco interested in buying minority stake in Repsol's renewable unit: Report
Business & Money | Tuesday 28 May, 2024 6:02 am
Saudi Aramco showed interest in acquiring a minority stake in the renewable unit of Spanish oil company Repsol, Reuters reported, citing two people familiar with the matter. Repsol has opened its renewable projects to investors willing to take minority stakes in portfolios of wind farms and...
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