Business & Money | Tuesday 31 December, 2024 12:00 pm

National Agenda for Integrated Waste Management supports circular economy in UAE

In line with the National Framework for Sustainable Management, the National Agenda for Integrated Waste Management—launched by the Ministry of Climate Change and Environment (MOCCAE) in collaboration with local authorities across the UAE—aims to support the circular economy and advance...

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Business & Money | Tuesday 31 December, 2024 11:02 am

ADNOC ICV programme to drive AED200 billion into UAE economy in 5 years

ADNOC is set to drive AED200 billion into the UAE's economy over the next five years through its In-Country Value (ICV) programme. This strategic initiative will boost economic growth and diversification, reinforcing ADNOC's commitment to supporting the nation's long-term prosperity. This ...

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Business & Money | Tuesday 31 December, 2024 10:53 am

UAE supplies Japan with 38.2% of oil imports in November 2024

Japan’s oil imports from the UAE amounted to 27.16 million barrels, representing 38.2 percent of total imports in November 2024, according to data from the Agency for Natural Resources and Energy under Japan’s Ministry of Economy, Trade and Industry. In the same month, Japan imported...

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Business & Money | Tuesday 31 December, 2024 9:59 am

51Talk Student Becomes Saudi Arabia's Youngest Environmental Influencer at Impact Makers Forum

Nine-year-old Fareed Mohammed Felemban, a student of global online education platform 51Talk, delivered a compelling speech at the inaugural Impact Makers Forum, marking a significant milestone as the event's youngest speaker. The young environmental advocate from Jeddah, who previously spoke at...

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Business & Money | Tuesday 31 December, 2024 9:54 am

Investors not in Saudi Arabia missing golden opportunity: Alkhorayef

Minister of Industry and Mineral Resources Bandar Alkhorayef said that investors not investing in Saudi Arabia are missing a golden opportunity, primarily multinational companies that seek to export products to global markets. In an interview with Asharq News, he noted that the Saudi market is ...

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Business & Money | Tuesday 31 December, 2024 9:50 am

WAJA obtains SAR 16M financing from Alinma Bank

WAJA Co. signed a Shariah-compliant facility agreement worth SAR 16 million with Alinma Bank. In a statement to Tadawul, the company said the funds would go towards financing Shariah-compliant letters of credit, bank guarantees, and Tawarruq. The financing period is one year and the...

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Business & Money | Tuesday 31 December, 2024 9:48 am

Commerce Ministry approves Binyah capital hike to SAR 300M: Al Akaria

Saudi Real Estate Co. (Al Akaria) stated that its 60%-owned subsidiary Saudi Arabia Real Estate Infrastructure & Construction Co. (Binyah) obtained on Dec. 30 the Ministry of Commerce approval to increase capital from SAR 50 million to SAR 300 million. In a Tadawul statement, the company...

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Business & Money | Tuesday 31 December, 2024 9:43 am

2P reaches SAR 4M settlement for headquarters fire

Perfect Presentation for Commercial Services Co. (2P) stated that it reached on Dec. 30 a full and final settlement of SAR 4 million with Arabian Shield Insurance Co. for the insurance claim for damages from the fire that broke out at the company’s headquarters. The relevant financial impact ...

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Business & Money | Tuesday 31 December, 2024 9:38 am

ACWA Power signs SAR 2.64B financing for wind power plant in Egypt

ACWA Power Co. signed on Dec. 30 financing agreements for the development, construction, operation and maintenance of a 1,100-megawatt wind power plant in Suez Governorate, Egypt. The project, valued at SAR 2.64 million, will be financed over a period of 20 years. In a statement to...

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Business & Money | Monday 30 December, 2024 12:37 pm

Economic Content Creators Programme explores engaging storytelling techniques in its second week

The second week of the Economic Content Creators Programme, organised by the Dubai Press Club with the support of the Ministry of Economy, featured expert-led lectures and workshops on crafting engaging stories and understanding the global economic landscape, including the influence of financial...

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