Business & Money | Monday 30 December, 2024 12:34 pm

Number of factories in Saudi Arabia crosses 12,000: Alkhorayef

The number of factories in Saudi Arabia has surpassed 12,000, reflecting significant investments driven by strong demand and stability, particularly in local content, Minister of Industry and Mineral Resources Bandar Alkhorayef said. In an interview with Al Ekhbariya, Alkhorayef emphasized...

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Business & Money | Monday 30 December, 2024 10:58 am

Ministry of Energy and Infrastructure marks notable achievements in 2024

The UAE, through the Ministry of Energy and Infrastructure, has made notable achievements across the energy, infrastructure, housing, and transportation sectors during 2024. These achievements are a testament to its steadfast commitment to enhancing sustainable development and ensuring the...

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Business & Money | Monday 30 December, 2024 10:35 am

Dubai International Project Management Forum 2025 attracts over 50 local, international speakers

Under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Executive Council of Dubai, the Dubai International Project Management Forum (DIPMF) will host its 10th edition from 13th to 16th...

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Business & Money | Monday 30 December, 2024 10:27 am

117th Open Auction for Number Plates generates over AED81 Million

The 117th open auction for exclusive vehicle number plates in Dubai achieved total revenues of AED81.178 million, marking the highest proceeds in the history of Roads and Transport Authority (RTA) auctions since their inception. The auction, held on Saturday, 28th December 2024 at the...

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Business & Money | Monday 30 December, 2024 10:25 am

UAE Aviation Sector: Global awards, ambitious investments bolster leadership

The UAE has solidified its position as one of the world's leading aviation hubs in 2024, given its significant advancements that include increased infrastructure investments, clean energy initiatives, and expanded seating capacity at major airports. The aviation sector's performance reflects...

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Business & Money | Monday 30 December, 2024 10:22 am

ADNEC Group announces collaboration with Tawazun Council as strategic partner for IDEX and NAVDEX 2025

ADNEC Group has announced its collaboration with Tawazun Council as a strategic partner to organise the largest edition of International Defence Exhibition (IDEX) and Naval Defence Exhibition (NAVDEX), which will be held under the patronage of President His Highness Sheikh Mohamed bin Zayed Al...

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Business & Money | Monday 30 December, 2024 10:13 am

SHUAA Capital approves launch of MCB tranches

SHUAA Capital has announced the approval of two Mandatory Convertible Bond (MCB) tranches by its Board of Directors, with a total value of up to AED425.5 million. This marks the final step in SHUAA's capital optimisation journey, reinforcing its strategic focus on delivering value to...

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Business & Money | Monday 30 December, 2024 10:11 am

Saudi Parts Center completes SAR 1.1M deal to supply truck filters

Saudi Parts Center Co.  announced the completion of a deal to supply filters for heavy trucks for a total value of SAR 1.07 million, excluding value-added tax.  In a statement to Tadawul, the company pointed out that the financial impact of the deal will appear in December...

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Business & Money | Monday 30 December, 2024 9:46 am

Alsaif Gallery sells commercial building in Riyadh for SAR 97M, logs SAR 43M capital gain

AlSaif Stores for Development and Investment Co. (Alsaif Gallery) sold a commercial building located in Al-Arid District, Riyadh, for SAR 97 million. In a statement to Tadawul today, Dec. 29, the company said the building spans an area of 4,150.5 square meters. Under the sale deal, the...

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Business & Money | Monday 30 December, 2024 9:43 am

WSM pens deal to acquire Wasltec for SAR 8.5M

WSM Information Technology Co. signed, on Dec. 29, the final acquisition contract (purchase contract) with Tanabw for Information Technology to fully acquire Wasl Technical Information Systems Co. Ltd. (Wasltec) for SAR 8.5 million. In a statement to Tadawul, the company noted that...

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