Tourism & Hospitality | Monday 6 May, 2024 8:26 am

Sharjah Chamber concludes participation in International Handicraft Exhibition in Florence

The Sharjah Chamber of Commerce and Industry (SCCI), represented by the “Emirati Goldsmiths” Platform, wrapped up its participation in the International Handicrafts Trade Fair (MIDA) held in Florence, Italy, from April 24 to May 2. This participation underscores the SCCI’s commitment to...

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Business & Money | Monday 6 May, 2024 8:21 am

Saudi Electricity achieves financial closure for Qassim 1 and Taiba 1 at SAR 11.4B

Saudi Electricity Co. (SEC) achieved financial closure for Qassim 1 and Taiba 1 independent power projects (IPPs) at a total value of SAR 11.4 billion ($3.04). According to the Saudi Press Agency, the financing agreements were signed by the project companies, Sidra One Co. for the...

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Business & Money | Monday 6 May, 2024 8:18 am

NHC, China's CITIC to establish industrial city, logistics zones in Saudi Arabia

The National Housing Co. (NHC) signed a cooperation agreement with China's CITIC Construction Group to establish an industrial city and logistics zones for building materials, Saudi Press Agency reported. In a statement, NHC said the project will include 12 factories to secure supply chains...

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Business & Money | Monday 6 May, 2024 7:45 am

ADES wins new contract worth SAR 161M in Egypt

ADES Holding Co. received a direct award contract (DAC) from Suez Oil Co. (SUCO) in Egypt, on May 2, for jack-up drilling rig in the Gulf of Suez, at a total value of SAR 161 million. In a statement to Tadawul, the company said that the 21-month contract is...

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Tourism & Hospitality | Monday 6 May, 2024 7:35 am

Record-breaking edition of Arabian Travel Market opens tomorrow

 Arabian Travel Market (ATM), the leading global event for the travel and tourism sector, will return to the Dubai World Trade Centre this week for its 31st edition. Taking place from 6-9 May, over 41,000 attendees are expected to visit the annual trade show, which will feature 2,300...

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Tourism & Hospitality | Monday 6 May, 2024 7:31 am

Arabian Travel Market returns , with over 41,000 attendees expected

The organisers of Arabian Travel Market 2024 (ATM) and representatives from the exhibition’s strategic partners, which include the Dubai Department of Economy and Tourism (DET), Emirates, IHG Hotels & Resorts, and Al Rais Travel, have outlined their plans for the event, which takes place from ...

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Government | Monday 6 May, 2024 6:43 am

“Ajman Finance” supports government agencies in the emirate in implementing the service cost calculation guide

The Department of Finance in Ajman recently held a number of in-person and virtual meetings with representatives of government departments in the Emirate of Ajman to follow up on the implementation of the government services cost calculation guide adopted by Sheikh Ahmed bin Humaid Al Nuaimi...

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Technology & IT | Monday 6 May, 2024 6:33 am

nnovations in smart mobility take centre stage at Automechanika Riyadh

During the Automechanika Riyadh Academy, which continues today (2 May) as part of the ongoing 6th edition of Automechanika Riyadh, James Luxbacher, Chief Business Development Officer at SIXT KSA, shared vital insights into the future of smart mobility within Saudi Arabia. According to the...

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Business & Money | Monday 6 May, 2024 6:25 am

AviLease completes delivery of four new A321neo aircraft to Frontier Airlines

AviLease, the rising global aircraft lessor wholly owned by PIF, Saudi Arabia’s sovereign wealth fund, has successfully delivered four Airbus A321neo aircraft on lease to Colorado-based low cost operator Frontier Airlines. These are the first of six next generation aircraft that will be delivered ...

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Business & Money | Sunday 5 May, 2024 12:11 pm

ACWA Power signs $4.85 billion deal for Central Asia’s largest wind farm

On the sidelines of the Tashkent International Investment Forum held under the patronage of His Excellency President Shavkat Mirziyoyev, President of the Republic of Uzbekistan, Saudi-listed ACWA Power, the world’s largest private water desalination company, and a leader in energy transition and...

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