Tourism & Hospitality | Thursday 9 May, 2024 12:13 am

HMH Achieves Impressive Expansion in KSA, Adding Over 1,000 Rooms

The Hospitality Management Holding (HMH), pioneer in the hotel management in the Middle East and North Africa, has taken the centre stage in the mega event of Arabian Travel Market (ATM) 2024 ongoing at the Dubai International and Convention Centre. The four-day show, kicked off on May 6 with over...

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Business & Money | Thursday 9 May, 2024 12:02 am

Aqaseem plans Sukuk issuance worth SAR 500M

Aqaseem Factory for Chemicals and Plastics Co.’s board announced, on April 28, its intention to set up a SAR Sukuk program. The company will issue local SAR-denominated, Shariah-compliant Sukuks at a value of SAR 500 million. The funding will be used to serve for the ...

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Tourism & Hospitality | Thursday 9 May, 2024 12:02 am

Saudia Holidays and Mauritius Tourism Promotion Authority Strengthen Ties with MoU Signing at ATM 2024

Saudia Holidays and the Mauritius Tourism Promotion Authority (MTPA) have inked a Memorandum of Understanding (MoU), during the Arabian Travel Market (ATM) held in Dubai, to collaborate on promoting Mauritius as a premier touristic destination for the Kingdom’s residents.  The agreement ...

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Business & Money | Wednesday 8 May, 2024 3:13 pm

The Middle East Low Code No Code Summit 2024 Successfully Concludes, To Return As CODE

 The successful conclusion of two-day summit, The Middle East Low Code No Code Summit 2024 on May 2nd marked a pivotal moment, with over 300 technology leaders, Low-code No-code experts, and government entities converging to explore the forefront of innovation. This gathering provided an...

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Business & Money | Wednesday 8 May, 2024 10:46 am

Al Rajhi Bank plans additional tier-1 sustainable sukuk

Al Rajhi Bank announced its intention to issue USD-denominated additional tier-1 capital sukuk under its international additional tier-1 capital sukuk program, established by the bank on April 18, following the decision of the board of directors on March 25. In a statement to Tadawul, the bank ...

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Business & Money | Wednesday 8 May, 2024 10:21 am

NAHDI RECORDS 7.2% REVENUE GROWTH WITH A 10.3% NET PROFIT MARGIN, EXCEEDING ITS PREVIOUS GUIDANCE

Exceeding its previous guidance, Nahdi Medical Company achieved SAR 2.26 billion in revenue in Q1 2024, representing a 7.2% increase compared to Q1 2023 and 2% increase compared to the previous quarter.  Nahdi's Medicine segment continues to experience solid year-over-year growth, driven...

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Tourism & Hospitality | Wednesday 8 May, 2024 9:47 am

TOURISM MALAYSIA STRENGTHEN TIES WITH WEST ASIA AT 31ST ARABIAN TRAVEL MARKET

Tourism Malaysia participates in the 31st edition of Arabian Travel Market (ATM) 2024, showcasing the country’s latest attractions and destinations to attract more tourists from West Asia. The four-day prestigious event held at the Dubai World Trade Centre from 6 to 9 May 2024 marks Malaysia’s...

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Business & Money | Wednesday 8 May, 2024 9:27 am

Al Khan Affirms Innovation: Cutting-Edge Parking Systems Expand to Bahrain & Saudi Arabia

During participation at the Intertraffic Amsterdam Event, world’s largest mobility and traffic technology trade show, Mr. Omar Al Khan, Founder and Managing Partner of ParkPoint Parking Solutions, reiterated the company's commitment to introducing the latest international parking management...

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Culture & Education | Wednesday 8 May, 2024 9:07 am

MBSC Continues Commitment to Excellence with NCAAA Conditional Accreditation

Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC), the Kingdom’s world-class business school, has announced that it has been conditionally accredited by the National Center for Academic Accreditation and Evaluation (NCAAA), at Education and Training Evaluation Commission...

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Tourism & Hospitality | Tuesday 7 May, 2024 11:38 am

Tourism projected to account for 12% of UAE GDP this year, as GCC policymakers gather to discuss future of regional travel at ATM 2024

Gulf-wide collaboration, ease of inter-regional travel and infrastructure development were placed under the microscope at Arabian Travel Market (ATM) 2024, which saw a selection of policymakers discuss the streamlining of the GCC’s thriving tourism industry. The 31st edition of ATM is being...

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