Business & Money | Sunday 29 December, 2024 10:04 am

ADES wins jack-up rig contract in Thailand with backlog of SAR 1.04B

ADES Holding Co. received a letter of award from PTTEP Energy Development Co. Ltd. (PTTEP) for an offshore jack-up drilling contract in the Gulf of Thailand, with an estimated backlog of SAR 1.035 billion. In a statement to Tadawul, the company said that the award is for a five-year...

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Business & Money | Saturday 28 December, 2024 10:18 am

Mohammed bin Rashid reviews progress of AED3.6 billion Hatta development projects, visits Hatta Winter Festival

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said today that Dubai remains committed to continuously enhancing its services, facilities, and infrastructure to consolidate its position as one of the world’s best cities to live, work, and...

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Business & Money | Saturday 28 December, 2024 10:16 am

Environment Agency – Abu Dhabi launches international standard carbon Measurement, Reporting, and Verification programme

The Environment Agency – Abu Dhabi (EAD) has launched an international standard carbon Measurement, Reporting, and Verification (MRV) programme as a pivotal step towards addressing carbon emissions in the emirate. EAD has made significant progress in studying the possibility of implementing...

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Business & Money | Saturday 28 December, 2024 10:02 am

Dubai Customs launches AEO Connect 2024

Building on its continuous efforts to enrich the experience of companies participating in the Authorized Economic Operator (AEO) program and drive the growth of trade through the program—which provides competitive facilities and incentives for its members—Dubai Customs has launched the first...

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Business & Money | Saturday 28 December, 2024 10:00 am

RAKEZ growth series 2024 finale highlights learning, growth, and networking

The RAKEZ Growth Series 2024 drew to a successful close at Compass Coworking Centre, uniting participants, speakers, and business leaders from all events of the year for a day of meaningful connections, reflection, and powerful business insights. The concluding event celebrated the strides the...

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Business & Money | Saturday 28 December, 2024 9:57 am

Social Development Bank grants SAR 8B financing in 2024

The Social Development Bank (SDB) provided SAR 8 billion financing in 2024, achieving its full-year targets in financing and developmental support, alongside expanding its non-financial services, the state-run SPA reported.   SDB said 122,000 benefited from the bank’s loans. A...

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Business & Money | Saturday 28 December, 2024 9:55 am

Oman exempts Saudi investors from taxes in Madayn: Official

Oman decided to exempt Saudi industrial investors in Industrial Estates (Madayn) from taxes, Al-Eqtisadiah reported, citing Nasser Al-Hajri, Chairman of the Saudi-Oman Business Council.   This announcement was made during meetings held between the Saudi-Oman Business Council and Qais ...

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Business & Money | Saturday 28 December, 2024 9:52 am

Al-Hilal SFC makes SAR 33.4M profit in FY 2023/24

Al-Hilal Saudi Football Club reported net profits of SAR 33.37 million for the fiscal year 2023/24. Net profit margins reached 1.5%. Total revenue exceeded SAR 1 billion, compared to activity expenses of SAR 923.5 million. The current ratio rose to 0.89 in June 2024 from 0.61 a year...

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Business & Money | Saturday 28 December, 2024 9:26 am

Dubai Maritime Authority announces Comprehensive Plan for Marine Traffic on New Year's Eve 2025

The Dubai Maritime Authority, of the Ports, Customs and Free Zone Corporation, has announced the adoption of a mandatory plan to manage marine traffic during New Year's Eve 2025. This initiative aims to enhance maritime safety and regulate traffic during a night that sees an increased density of...

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Business & Money | Saturday 28 December, 2024 5:04 am

NWC completed implementation of water networks and reservoirs to serve Sabia Governorate and 44 villages in Jazan

The National Water Company (NWC), represented by the Southern Cluster, announced that it has started operation of 5 water projects to serve Sabia Governorate and 44 of its  villages. The company embarked on operation in order to keep up with the increasing demand for water services...

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